• Name: Pi Network

• Symbol: PI
• Launch: Started in 2019 by a team of Stanford University graduates.
• The idea: Empowering users to mine (mining) currencies through a mobile application, without the need to consume large resources such as electricity or powerful devices.

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How does it work?

• It relies on a mobile app available on Android and iOS.
• Users click the button every 24 hours to confirm their activity and participate in mining.
• Does not consume device resources such as battery or data.
• User roles are divided into:

◦ Pioneer: The application is used and pressed every day for mining.
◦ Contributor: Helps secure the network by building security circles.
◦ Ambassador: invites new users.
◦ Node: Runs the blockchain software on a computer.
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