The Pi Network, a cryptocurrency that allows registered members to mine coins for free using the Web3 ecosystem, officially launched its external trading platform on February 20. This comes after years of anticipation.
Founded in 2019 by Stanford Ph.D.s Nicolas Kokkalis and Chengdiao Fan, the network claims over 60 million members worldwide. Several centralised exchanges have confirmed their support for Pi Coin, including OKX, Bitget, Bitrue, HTX, and BitMart.
To celebrate its launch, Bitget has announced a $60,000 Pi airdrop pool for eligible users until March 3, while BitMart will offer a $3,000 USDT Pi giveaway to 300 selected users. The Pi Coin price is expected to surge as the Open Mainnet goes live at 8 am UTC.
However, some exchanges have taken different approaches, with crypto exchange Binance holding a community vote on whether to list Pi Network. Meanwhile, HTX has recently delisted Pi Network’s IoU token, resulting in a price drop of over 50%.
Despite this, the Pi Network continues to gain traction, with over 110 million installations and an average of 110,000 new downloads per day. It currently ranks number 4 in the Social category on the Google Play Store.
As of now, Pi Coin is trading around $30, following a recent surge to $92. The price is expected to continue fluctuating as the market adjusts to the launch.
Source: https://www.hindustantimes.com/business/pi-coin-listing-today-what-is-pi-network-find-expected-price-and-other-details-101740030360283.html