What is the current price of Pi Network (PI)?

The current price of Pi Network (PI) is 1.1339649110474639 AUD, representing a -2.45 from the day prior.

Can I buy Pi Network (PI) on Coinstash?

Yes - you can easily buy and sell Pi Network (PI) on Coinstash. Simply login or sign up, to start buying Pi Network (PI) in minutes.

Where is the best place to buy Pi Network (PI) in Australia?

The best place to buy Pi Network (PI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Pi Network (PI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Pi Network (PI)?

The trading volume of Pi Network (PI) is 168.3M AUD in the last 24hrs, representing a -2.45 from the day prior.

How can I buy Pi Network (PI)?

Pi Network (PI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Pi Network (PI)?

The current market cap of Pi Network (PI) is 8.2B AUD.

Can I convert Pi Network (PI) to cash?

Yes - With Coinstash you can convert your Pi Network (PI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Pi Network (PI) are there?

The current circulating supply of Pi Network (PI) is 7.3B.

Is Coinstash a safe place to buy Pi Network (PI) in Australia?

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Buy Pi Network (PI)

What is Pi Network?

Pi Network (PI) is a mobile-first cryptocurrency project that allows users to mine coins using their smartphones rather than expensive, energy-intensive mining hardware. Built to be inclusive and eco-conscious, Pi Network seeks to democratise access to digital assets by removing the technical and financial barriers that have traditionally limited participation in cryptocurrency mining.

The core goal of Pi Network is to foster a decentralised, peer-to-peer digital economy supported by a broad user base—many of whom may be accessing cryptocurrency for the first time. Its unique feature is its ability to mine coins through social trust circles on mobile devices, offering a low-energy alternative to traditional mining protocols.

By addressing the issue of mining centralisation and high entry costs, Pi Network is especially relevant in emerging markets and underbanked regions where smartphone usage is high, but access to traditional financial infrastructure is limited.

How does Pi Network work?

Pi Network is powered by its own dedicated blockchain, which moved from testnet to a restricted mainnet phase in late 2021. Unlike Bitcoin or Ethereum, which use energy-heavy Proof of Work, Pi Network relies on the Stellar Consensus Protocol (SCP)—a federated Byzantine agreement (FBA) system. This allows everyday users to validate transactions based on social trust, rather than computational power.

Key technologies include:

Consensus Mechanism: SCP, which forms a “trust graph” of users who vouch for one another’s legitimacy.
Security Circles: Users build their own circle of trusted peers, which helps secure the network.
Smart Contracts: Pi Network’s mainnet supports smart contracts, enabling developers to build decentralised applications (dApps) within its ecosystem.
Mobile Accessibility: A core feature that allows users to engage with the protocol without advanced technical knowledge or hardware.

What are the potential use cases for Pi Network?

Pi Network is designed to support real-world applications that are especially valuable in mobile-first economies. Its use cases align well with regions where digital infrastructure is developing rapidly but traditional banking remains out of reach.

Applications

dApps: Developers can build decentralised apps directly on the Pi blockchain.
Peer-to-Peer Payments: Users can send and receive payments seamlessly within the Pi ecosystem.
E-commerce & Digital Trade: Pi Marketplace allows the exchange of goods and services using PI tokens.

Target Sectors

Mobile Financial Services: Ideal for regions with limited banking infrastructure.
Web3 and Digital Identity: Potential for community-driven online platforms and services.
Emerging Economies: Especially suited for Latin America, Africa, South Asia, and Southeast Asia where mobile connectivity outpaces access to formal finance.

Collaborations

While Pi Network has yet to announce high-profile corporate partnerships, its ecosystem continues to grow through grassroots collaborations with independent developers and merchants who accept PI as payment.

What is the history of Pi Network?

Founded in 2019 by Stanford PhDs Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip, Pi Network was built with a social computing approach that combines user trust and accessibility. The project quickly gained traction with a mobile app that simulates mining, reaching over 10 million users within its first year.

Timeline of Key Events

March 2019: Mobile mining app launched on Pi Day (14 March).
2020: Surpassed 10 million users.
2021: Testnet launched alongside the Pi Browser to support dApp development.
Late 2021: Mainnet launch began, initially restricted to verified users undergoing KYC (Know Your Customer) checks.
2023–2025: Continued onboarding of KYC-verified users and expansion of the Pi app ecosystem.

Evolution of the Platform

Originally a simple mobile mining experiment, Pi Network has matured into a full blockchain project with smart contract capabilities and developer tools. Its slow and controlled mainnet rollout is designed to balance decentralisation with security, particularly in regions where digital trust systems are still developing.