Pi Network is a decentralized web3 project developed by the following Stanford graduates: Nicholas Kokkalis, Chengdiao Fan, and Vince McPhilip. Thanks to its novel mining approach, the network seems to have a revolutionary impact: individuals can engage in cryptocurrency mining without having to adopt the intensive traditional mining approach.

Pi Network’s mining approach –which enables mining via internet-enabled mobile devices –appears to have been facilitated by the adoption of the Stellar Consensus Protocol (SCP). While this innovative mining approach seems to be among the major points of attraction, the approach has also proven to be a hassle-free alternative to Proof of Work (PoW) and other traditional methods of mining.

Moreover, Pi –the official coin of the Pi Network –has been widely discussed in recent times. As Pi Network’s user base continues to expand, some experts have projected significant price increases for Pi.

Briefly Looking into How Pi Network Works

As for how Pi Network generally works, we can think of the network as an ecosystem with different categories of users who play specific roles. These users contribute to the growth of the ecosystem which is said to comprise millions of users. For example, Ambassadors –one of the user categories in the ecosystem –help grow the network by recommending it to prospects, while also persuading them to join the network.

Pi’s Full Decentralization in 2025

In the history of Pi Network, 2025 would go down as a remarkable year, probably because it marked the full integration of Pi into the decentralized blockchain. While this decentralization has assuaged some people’s fear about the trustworthiness of Pi Network, it primarily suggests that holders can now exchange their Pi for other cryptocurrencies across supported exchanges.

What seems impressive herein is that Pi can be exchanged via Bitget, OKX, and certain other notable exchanges. Quite frankly, the community of Pi holders is growing and with Pi now fully decentralized, there’s a great likelihood for the Pi Network to attract millions of new users.

Pi’s Transition to Extensive Utility

There’s no doubt that prior to Pi’s transition to the mainnet phase, the coin had limited uses; only those in Pi Network’s ecosystem could transact with Pi or generally interact with the coin.

With the significant utility shift, however, holders of other coins can now transact with Pi holders, and e-commerce operators can choose to include Pi in their list of supported cryptocurrencies. Moreover, various top exchanges (including CoinCDX) now have Pi in their list of supported coins.

Analyzing the Legitimacy of Pi Network –Is Pi Network Legit?

The Pi Network is, of course, attracting plenty of users and its official coin, Pi, has undoubtedly gone fully decentralized. While this might encourage intending adopters to accept that Pi Network is legit, we honestly can’t rule out the presence of concerns about the network.

So, here are some of the concerns that have been raised about Pi Network:

Running an Ad-filled App

Pi Network runs the Pi app, which is the platform on which the network’s ecosystem is hosted. While lots of users actually find this mobile app ideal, the team behind the Pi Network has been accused of using the app for spamming.

The app exposes users to recurring ads, and while this is suggestive of spamming, Pi Network is said to have responded to the accusation. According to reports, Pi Network’s reason for featuring ads within its mobile app is that there’s a need to properly maintain user accounts, and the ads appear to help offset the cost of account maintenance.

While Pi Network actually gave a reasonable response, there’s no denying that ads that seem to create an impression of spamming can annoy many users of the Pi app.

Failure to Provide Certain Vital Details

There seems to be (verifiable) information about the developers of Pi Network, how the network operates, and the network’s timeline of progress. Although some people consider this information sufficient, others have criticized the network’s failure to genuinely reveal how it funds its Pi coin.

According to reports, another vital detail the network has failed to provide is the number of Pi in distribution. While relevant details like this are never hard to find about Bitcoin and many other popular cryptocurrencies, failure to provide it might create a bad impression about Pi –the official digital currency of Pi Network.

Imitating Pyramid Schemes

There have been claims that Pi Network operates as a system which rewards those able to help the network recruit members. While Pi Network has been found to operate in the said manner, some people are suspecting it to be a pyramid scheme.

Of course, we know pyramid schemes are highly susceptible to crashing, and the fact that Pi Network has been found to operate in a similar way to these schemes might just be a red flag.

FAQs

What is Pi Network?

Pi Network is a decentralized web3 project which has leveraged its innovative mining approach in attracting lots of users. While the project’s developers are understood to be Stanford graduates (Nicholas Kokkalis, Chengdiao Fan, and Vince McPhilip), Pi Network is seemingly making a revolutionary impact by allowing individuals to mine crypto without bearing the rigour associated with traditional mining methods. While its mining approach is said to have been facilitated by the adoption of SCP, Pi Network allows users of its Pi app to mine via their internet-enabled mobile devices.

Is Pi fully decentralized?

Yes, the Pi coin is now fully decentralized, as 2025 has marked the full integration of Pi into the decentralized blockchain. This indicates that Pi holders can now exchange their Pi for other coins on OKX, Bitget, and other exchanges that have Pi listed. The full decentralization also appears to have assuaged some people’s fear about the trustworthiness of Pi Network.

Is Pi Network legit?

Honestly, we’ve shared information that may suggest Pi Network is legit. Notwithstanding that we’ve also revealed some of the concerns raised about the crypto project, we wouldn’t like to give any verdict as to whether Pi Network is legit or not.

Conclusion

While we’ve discussed Pi Network as well as furnished you with insight into its legitimacy, we strongly believe that you’re in the best position to personally decide whether the project is legit or not.