# Understanding the Pi Network White Paper – Explained for Everyone ## Executive Summary Pi Network is a cryptocurrency designed to be **used and earned by everyday people**. Unlike Bitcoin or Ethereum, which require powerful computers to mine coins, Pi can be mined by simply opening a mobile app once a day and tapping a button. The goal of Pi is to make cryptocurrency easy, energy-efficient, and available to anyone with a smartphone. The project was started in 2019 by a team of Stanford graduates. Since then, it has grown to over **55 million users worldwide**. Pi is building a decentralized blockchain network secured by its users, rather than large mining farms. The Pi white paper outlines how the network works, how coins are earned, and how it plans to grow into a useful global currency. ## Core Concepts At the heart of Pi Network are a few key ideas: 1. **Mobile Mining** Mining Pi doesn’t require energy or data. You mine by tapping once a day. This makes it easy for anyone to participate, regardless of technical skill or device type. 2. **Security Circles** Instead of using electricity-heavy mining, Pi uses a system based on trust. Each user creates a small group of trusted members. These “Security Circles” help validate transactions, keeping the network secure. 3. **User Roles** * **Pioneer**: Taps daily to mine Pi. * **Contributor**: Adds trusted users to a security circle. * **Ambassador**: Invites others to Pi and earns more. * **Node**: Runs Pi’s software on a computer to help process transactions. 4. **Pi Blockchain and Apps** Pi is building a blockchain that allows smart contracts and decentralized apps (dApps). These apps will run on Pi’s network and be used for real-world services and transactions. 5. **Open Mainnet** Pi officially entered Open Mainnet in February 2025. This means users can now move their coins outside of the app to other wallets or exchanges. It marks a major shift toward full independence. ## Benefits of Pi Network * **No Cost to Start** You can join Pi for free. No money, credit card, or investment is needed. * **Energy-Efficient** It doesn’t drain your battery or require large amounts of electricity. * **Easy for Beginners** The app is simple and doesn’t require technical knowledge. * **Community-Based** Pi grows through real users inviting others. Everyone helps build the network. * **Mobile-Friendly** It’s designed for phones first, making it usable anywhere in the world. ## Risks and Limitations * **Still in Development** Pi is growing, but many features are still being built. Patience is required. * **Not Yet Widely Accepted** You can’t spend Pi in many places outside its ecosystem just yet. * **No Major Exchange Listing Yet** Pi is not yet listed on top global exchanges like Binance or Coinbase. * **Requires Identity Verification (KYC)** To transfer your Pi to the blockchain, you must verify your identity. * **Decentralization Not Fully Achieved** While Pi aims to be decentralized, some parts are still controlled by the core team. ## Future Outlook Pi Network’s future depends on how well it grows from a community of users into a full digital economy. Key developments include: * More apps and services that accept Pi. * Listings on major crypto exchanges. * More decentralized control by the community. * Increased use in real-world businesses. If successful, Pi could become one of the most widely used digital currencies globally, especially in regions where traditional banking and crypto are hard to access. --- ## 📲 Claim Your Pi Now **Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide.** To claim your Pi, click the button below and use my username as your invitation code: 👉 [**Join Pi Network – Use Invitation Code: Asase1**](https://minepi.com/Asase1)

Now, lets dive into the pi white paper.

PI NETWORK ROADMAP

Before You Go on a Journey

Before you go on a journey, you must know where you're going and how you'll get there. That plan is what we call a roadmap and Pi Network also has one. Pi’s roadmap simply means: This is what we’ve done already, this is what we’re doing now, and this is where we’re going.

Phase 1: Design & Building Stage

Launched: 2019

Created basic idea and technology
Available on phones for early mining
Community building and feedback
All mined Pi was test Pi (not real money)

Goal: Grow number of Pioneers and test network.

Phase 2: Testnet Phase

Started: 2020

Pi launched its Testnet (fake network)
Real nodes started testing Pi’s blockchain
Checked for technical errors and bugs

Goal: Let developers build/test apps and prepare for Mainnet.

Phase 3: Mainnet Launch

Started: December 2021
Pi blockchain became official. Real Pi economy began.

1. Enclosed Mainnet (2021–2024):

No external trading
Focused on KYC, migration, ecosystem
Protected Pi from misuse

2. Open Mainnet (Started June 2024):

Real-world use begins
External links (USDT, USD1, Pi-Pear) possible
Focus on mass adoption and utility

What’s Next on the Roadmap?

More merchants and apps
Faster KYC
Tools like Pi App Studio
Stablecoin bridges (Pi-USDT, Pi-USD1)
Governance tools for community voting

Summary

Pi followed a step-by-step process to avoid scams and fake hype. It is not a get-rich-quick scheme. It’s a real digital economy. Patience is a seed and Pi is the harvest.

SECTION 2: PI’S ECONOMIC MODEL — TOKENOMICS

What Is Tokenomics?

Rules about how Pi is created, distributed, managed, and used.

1. Total Pi Supply

Max supply: 100 billion Pi
Distribution:

80% to Pioneers
20% to Core Team

2. How Do People Earn Pi?

Mining based on:

Trust Circle
Daily activity
Security role (Pioneer, Contributor, Node)

Note: Mining rate drops as users increase.

3. Before & After Mainnet

Testnet: Pi was test coins
Mainnet: Coins become real after:

✅ KYC
✅ Migration

Post-migration:

Unlocked Pi = spendable
Locked Pi = unlocks over time

4. What Gives Pi Its Value?

Real-world usage
Apps and services
Merchant participation
Cross-chain utility

5. Can Pi Be Traded for Cash?

Yes — with caution

Peer-to-peer platforms
Official bridges like Pi-USDT
Focus on using Pi before selling

Key Insight

Pi is earned by trust and usage — not hype. Its value lies in daily use, not in your phone.

SECTION 3: MINING MECHANISM & SECURITY CIRCLE

What Is Pi Mining?

Use your phone, no electricity needed
Press "mine" button daily
System checks your identity, trust level, and network

What Is a Security Circle?

3–5 trusted users
Builds a trust-based network
Stops fake accounts

Why Is Mining Rate Dropping?

Halving rule (more users = lower rate)
Early miners earned more
Now focus on using Pi

Roles in the System

Pioneer — daily miner
Contributor — builds Security Circle
Ambassador — invites others
Node — runs blockchain

How to Boost Mining

✅ Mine daily
✅ Build Security Circle
✅ Invite active users
✅ Do KYC
✅ Upgrade roles

SECTION 4: UTILITY & ECOSYSTEM

What Is Utility?

Using Pi in real life: shopping, paying, building apps.

What Makes Up the Ecosystem?

1. Pi Browser: Access to all Pi apps
2. Pi Apps:

Workforce Pool
PiCare
PiChain Mall
Pikart
PiChat

3. Pi App Studio:

Non-coders can build Pi apps

4. SDKs & Developer Tools:

For professionals to build complex apps

Real-Life Utility Examples

Shoemaker sells in Pi
DJ offers services
Online schools
Medical clinics
Ticketing apps

What If Nobody Uses Pi?

Then it becomes useless. Start spending, building, and using it now.

Final Thought

“If you cannot spend it, it’s not yet money.”

SECTION 5: KYC & MAINNET MIGRATION

What Is KYC?

“Know Your Customer” — prove you're real with ID and photo.

Why Is KYC Important?

Removes fake accounts
Follows global rules
Stops scams

Who Can Do KYC?

Pi selects users in waves
Upload ID
Take selfie
Wait for approval

What Is Migration?

Moving your Pi to the real blockchain.

Post-Migration:

Coins transferred
Spendable and locked balances split

What Happens If You Don’t KYC?

Your Pi stays locked
May expire
No access to Mainnet

Lockup Mechanism

Prevents dumping
Encourages ecosystem growth
Lock periods give mining boosts

Final Word on KYC

If you don’t KYC, your Pi is just numbers — not money.

SECTION 6: OPEN NETWORK & FUTURE VISION

What Is Open Network?

Pi connects to the world
External wallets and apps
Real currency, not just test phase

When Did It Start?

June 28, 2024 (Pi2Day)

What to Expect

External wallet access
Real business apps
Spend Pi daily
A working Pi economy

Why Open Network Matters

From mining to using
From waiting to building
Real Pioneers will rise

Be Cautious

⚠ Don’t rush to sell
⚠ Avoid black-market deals
⚠ Focus on building value

What’s Next?

Cross-border Pi
Builder support
Tools for all merchants
Finance integration
Global currency recognition

Final Vision

We’re in real Pi season.
Use it or watch others use it and regret.

Call to Action

Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide.

👉 Click Here to Register and Start Mining Pi
Use my username: Asase1 as your invitation code.

Pi white paper explained in simple form.