BSC News recently dropped a tweet that's got the crypto community buzzing: a full guide and analysis on Pi Network and its native $PI coin. If you're into blockchain projects that make mining accessible to everyone, this is worth your attention. Let's break it down in a way that's easy to follow, especially if you're new to the space.

What is Pi Network All About?

Pi Network isn't your typical crypto project. Launched back in 2019 by a couple of Stanford PhDs, Nicolas Kokkalis and Chengdiao Fan, it's designed to let anyone mine cryptocurrency right from their phone. No need for fancy rigs or massive electricity bills like with Bitcoin. Instead, it uses something called "Proof of Contribution," which rewards users for participating in the network rather than just computing power.

The project has exploded in popularity, claiming over 60 million registered users across 233 countries. Out of those, about 19 million have completed KYC (Know Your Customer) verification, and 12 million have migrated to the Mainnet. That's a huge community, built mostly through word-of-mouth and referrals.

A Quick History Lesson

Pi Network started in 2018 and hit the app stores in beta form in 2019, quickly attracting 3.5 million users, or "Pioneers" as they're called. By March 2020, they launched the Testnet phase, getting over 10,000 community nodes up and running. The big milestone was the Mainnet launch in December 2021, which has two parts: Enclosed Mainnet and Open Mainnet. The Open Mainnet kicked off in Q1 2025, opening the door for real-world use and connections to other blockchains.

You can check out their whitepaper for the nitty-gritty details here.

How Does Mining Work on Pi?

This is where Pi shines for everyday folks. Download the app, sign up, and just tap a button once a day to "mine" Pi coins. Your earnings depend on how active you are—consistent mining, inviting friends, and joining "Security Circles" (groups of trusted users) all boost your rate. It's all about contributing to the network's security and growth without draining your battery or wallet.

Tokenomics: The Economics Behind $PI

$PI is the native token with a hard cap of 100 billion coins. It's now tradable on exchanges like OKX, and there are whispers of more listings coming. However, some folks worry about inflation and how the economy will hold up long-term. For trading tips, BSC News has a guide on buying and trading Pi.

Roadmap and Future Plans

Pi's roadmap is straightforward: Beta for building the community, Testnet for testing the tech, and Mainnet for going live. With the Open Network launch in late 2024, celebrated on Pi Day (March 14, 2025), the focus is now on real utility—like everyday transactions and including the unbanked in the global economy.

Recent Buzz in 2025

2025 has been big for Pi. They launched .pi domain auctions from March 14 to June 28, with bids starting at 10 Pi. PiFest ran from March 14 to 21, with over 125,000 sellers registered and 58,000 active on the Map of Pi. Developers can now launch apps on the Mainnet without jumping through hoops—check the Developer Portal for more.

The community is super engaged, driving events like PiFest and domain auctions that give users a real sense of ownership.

The Flip Side: Controversies and Challenges

Not everything's smooth sailing. Skeptics question the 60 million user figure, estimating only about 9.11 million active wallets. There have been regulatory hiccups, like fraud investigations in Vietnam. Plus, the price has been volatile—dropping to $0.6 from a high of $2.98. But hey, that's crypto for you.

Community Reactions from the Tweet

The tweet from BSC News has sparked some interesting replies. One user, @whaleofpi, shared a deeper thread on why major exchanges might "fear" Pi, linking to their own analysis on compliance and data sovereignty. Others are excited about the spotlight, with comments like "PI Network finally getting the deep dive spotlight" from @JVE_Wealth. It's clear the community is passionate and ready for more growth.

Is Pi Network Worth Your Time?

If you're looking for an entry-level crypto project with massive potential for adoption, Pi could be it. Its mobile-first approach democratizes mining, and with recent developments, it's moving toward real utility. But like any crypto, do your own research—volatility and regulations are always factors.

For the full scoop, head over to the BSC News guide. And if you're into meme tokens and how projects like Pi intersect with viral crypto trends, stick around on Meme Insider for more insights.