Pi Network simplifies the mining process through mobile phones, lowering the entry barrier and promoting asset democratization. The project is currently undergoing mainnet migration, and Pi coins that are not yet listed can be traded within the app, provided KYC verification is completed. Although the project is credible, there are still risks of delays and IOU price overestimation, so investors should exercise caution.

First, clarify: What exactly is Pi Coin? When it comes to virtual currency mining, most people's first reaction is that it's costly in terms of electricity and money. According to research data from Cambridge University, the annual electricity consumption for Bitcoin mining reaches 67 to 240 TWh, a number that even exceeds the annual electricity usage of many European countries. Moreover, mining Bitcoin requires purchasing expensive specialized mining machines, which ordinary retail investors simply cannot afford. Against this backdrop, three PhD students from Stanford University launched Pi Network in 2019. The core idea of this project is simple: enable ordinary people to mine using their smartphones with extremely low power consumption. It may sound like a fantasy, but this is why Pi Network has attracted millions of users. Pi Network's vision is to build a complete ecosystem where users can use Pi Coins to conduct transactions, purchase goods,