For Chinese version of this article，please access：www.618.win or https://www.notion.so/powervip/Pi-Network-Pi-da05b12f71a247b5a1652bfa33a03a52
About Pi Network
Pi Network is a project that is using mobile to mine Pi coin freely. Pi coin is a new digital currency developed by Stanford PhDs, with over 35 million members worldwide. To claim your Pi, follow this link https://minepi.com/powervip and use my username (powervip) as your invitation code.
Pi Network Project Vision: Build the world's most inclusive peer-to-peer marketplace, fueled by Pi, the world's most widely used cryptocurrency.
Pi Network is based on an early crypto coin project Stellar Coin(token symbol: XLM. The current price of XLM is about $0.2266). The URL for open source code of Stellar Coin project is :
https://github.com/stellar/stellar-core
Stellar Coin has been runing from 2014. You can regard Pi Network as the upgrade of Stellar Coin. Stellar Coin uses Stellar Consensus Protocol(SCP). SCP is an instantiation of the Federated Byzantine Agreement(FBA) consensus algorithm.
Pi app is online on 2019.3.14. Now it has been runing more than 3 years. The test network of Pi Network has been online. The open mainnet (A real decentralized blockchain) of Pi Network is going to be online on 2022.6.28 or later.
About the prediction of the pi coin price, you can refer to the following Chinese article：
我对Pi Network的Pi币价格的预测(1.1版) (My prediction about Pi coin price)
In a word, the pi coin price in the future is calculated based on the following formula:
Pi coin price = BitCoin total market value / Pi coin amount (or 100 billion)