Pi Network, founded by Stanford Ph.D.s, attracts attention due to PI token interest and discussions on Binance.
History of Pi Network and PI Token Launch
Founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, Pi Network has become a popular platform with over 60 million users. On February 20, the Open Network and PI token were launched, marking nearly six years in beta. Community loyalty has been strong during the long development period.
PI Token Price Surge and Interest
After launch, PI token's value dropped sharply from ~$1.9 to ~$0.6, then surged by 66% to ~$1.45. This was accompanied by a 180% increase in trading volumes, indicating renewed interest.
Controversies and Prospects of Pi Network
A Binance poll shows 85% support for listing the PI token, potentially leading to rapid price volatility. Despite criticism from Bybit's CEO, calling the project a scam, its influence grows, especially in India, with downloads exceeding 100 million.
Pi Network continues to draw attention with its PI token and support on major platforms, despite criticisms and controversies surrounding the project.
