Pi network review
With more than 50 million users globally, Pi Network has sparked huge interest in the crypto community—especially among mobile users. Promoted as the first digital currency you can mine from your phone, Pi aims to make crypto accessible to everyone, without the need for high-end equipment or technical knowledge.
But is the project living up to its hype? Can users expect real value from their mined coins? In this review, we explore Pi Network’s concept, progress, and practical use—plus how it compares to projects like Electroneum, another mobile-first cryptocurrency.
What is Pi Network?
Launched in 2019 by a group of Stanford graduates, Pi Network is designed to bring cryptocurrency mining to smartphones. The mobile app allows users to “mine” Pi tokens through a consensus algorithm called Stellar Federated Byzantine Agreement (FBA), which is less energy-intensive than traditional Proof-of-Work.
Users earn Pi by simply pressing a button daily, with additional rewards for inviting others. It’s a clever gamified approach that has helped the project grow rapidly, especially in regions with limited access to mainstream exchanges.
However, unlike Bitcoin or Ethereum, Pi is not yet listed on major exchanges. Its mainnet is still being tested, and there’s no official price for Pi in open markets, raising questions about the coin’s liquidity and real-world value.
Can you do a Pi to USDT exchange?
As of now, Pi is not fully tradable on major exchanges due to its closed mainnet status. That means you cannot officially perform a Pi to USDT exchange on most platforms.
That said, some users in the Pi Network community engage in peer-to-peer swaps or use IOU-based listings (unofficial representations of Pi) on certain third-party platforms. These methods are considered high-risk and should be approached with caution.
Once Pi becomes tradable, users will likely look to secure and trusted platforms like LetsExchange for fast and private conversions. With support for over 5,000 cryptocurrencies and 300+ networks, LetsExchange would be an ideal choice when Pi officially enters the open market.
Comparison: Pi vs Electroneum
When it comes to mobile-first cryptocurrencies, Electroneum is often mentioned alongside Pi Network. Launched in 2017, Electroneum offered a similar concept, mineable via smartphones but with a faster path to market adoption.
The Electroneum wallet allowed users to store and spend ETN coins, which were used for mobile top-ups and payments in emerging markets. While Electroneum saw early success, its momentum slowed due to regulatory challenges and limited use cases.
Compared to Electroneum, Pi has built a much larger user base and continues to promote its ecosystem with features like the Pi Browser and native apps. However, until Pi enables open trading and integration with third-party wallets, its full potential remains speculative.
Is Pi Network worth your time?
Whether or not Pi will become valuable depends on several factors:
- Successful launch of the open mainnet
- Listing on major exchanges
- Clear tokenomics and utility within its ecosystem
- Regulatory compliance and adoption by real-world businesses
If the team delivers on these points, Pi could have significant upside due to its massive community. Until then, the app remains an interesting social experiment that may or may not convert to meaningful crypto value.
When Pi becomes fully tradable, users will likely seek platforms like LetsExchange to convert Pi into stablecoins like USDT or other assets with more liquidity and established use.
Conclusion
Pi Network has opened the doors of cryptocurrency to millions of users through mobile-first mining. While it still has hurdles to overcome, its concept and community support suggest real potential if the project successfully completes its roadmap.
Until an official Pi to USDT exchange becomes available, users can keep monitoring its progress and prepare by exploring platforms that support a wide range of tokens. And for those already navigating mobile crypto, tools like the Electroneum wallet offer valuable insights into what Pi may look like once fully launched.
