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What Is Pi Network? Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem.  Supply Model and Mining Mechanism The Maximum Supply of Pi is 100 billion tokens. The Maximum Supply is comprised of the following: 65 Billion tokens (or 65%) are allocated for all community mining rewards; 10 billion (10%) are allocated for foundation reserves; 5 billion (5%) are allocated for liquidity purposes; and 20 billion (20%) are allocated for the Core Team. Each allocation mentioned above tracks the community Migrated Mining Rewards issuance pace, so the proportions of each allocation in the total supply remains the same at any given time.   The Effective Total Supply of Pi—the total Pi supply at the current time—allocates Pi proportionally the same as the Maximum Supply. Since every allocation tracks the Migrated Mining Rewards of the community, the Effective Total Supply can be calculated by dividing the current Migrated Mining Rewards of Pi on the Mainnet blockchain by 65%. The other allocations within the Effective Total Supply can then be calculated based on the same proportions as the Maximum Supply, e.g. at most 10% of the Effective Total Supply is available in the foundation reserve, 5% of the Effective Total Supply is available for liquidity purposes, and 20% of the Effective Total Supply is available for the Core Team. This remains true despite the fact that all tokens were minted at the genesis as technically required by the blockchain protocol.  Circulating Supply includes all Migrated Mining Rewards and all tokens that entered circulation from other buckets of the allocations, which at its maximum could be summed up to equal the Effective Total Supply.   Pi’s mining rewards are distributed based on an issuance formula that follows a declining exponential model defined in the Pi whitepaper. Users can increase the amount of mining rewards they receive based on their individual contributions to the network, like Security Circles, using utility-based Pi apps, running Nodes, etc. For each month, the amount of Pi to be distributed as mobile balance is capped and determined by the model, regardless of how many people or how many types of mining rewards there are during the month. The capping is achieved by the design of a system-wide base mining rate, and each type of mining rewards to each individual are just a multiplier of this base mining rate. As the monthly supplies always diminish, the base mining rate generally decreases over time.   Fewer Pi may also be issued because the real Pi issuance on the blockchain depends on Pioneers passing KYC and completing all steps required for migration to the Mainnet. Despite all efforts to facilitate and remind Pioneers to complete those required steps, there are always dropoffs along the way, resulting in less than all outstanding mobile balances to be issued on the blockchain. Because of this mechanism, the community issued amount (Migrated Mining Rewards) on the blockchain will likely be closer and closer to a line lower than the 65 billion. This is thus the reason for the variable Effective Total Supply which incorporates this effect. Effective Total Supply results from all Migrated Mining Rewards divided by 65%, as opposed to the Maximum Supply of 100 billion.  Ecosystem and Adoption Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses.  Users can engage with Core Team and community-built apps in the Pi ecosystem through the Pi Browser, where integrated features like the Pi Wallet provide a seamless experience. Events like PiFest 2024 showcased Pi’s growing adoption, with over 27,000 active sellers and 28,000 test merchants across 160 countries.  Who Are the Founders of Pi Network? Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom have PhDs from Stanford University and a passion for improving human lives through technology.  Dr. Nicolas Kokkalis is a Stanford PhD in EE and postdoc in CS with research on distributed systems and human-computer interaction. His work focuses on combining distributed systems and human computer interaction to bring cryptocurrency to everyday people. As a strong and long-term believer of the technical, financial and social potential of cryptocurrencies, he is determined to move them beyond their current limitations and is committed to bringing the power of blockchain to more people.  Dr. Chengdiao Fan holds a Stanford PhD in Anthropological Sciences, harnessing social computing to unlock human potential on a global scale. Chengdiao is building Pi Network to mobilize individuals all over the world to participate and be rewarded for their contributions, and establish an inclusive ecosystem for global citizens to unleash and capture their own agency, and in turn create utilities and productions for society and the world.  Compliance and Identity Verification Pi Network follows a one-account-per-person policy through its Know Your Customer (KYC) solution. This system combines machine automation and human verification to authenticate user identities while preserving privacy.  The KYC process emphasizes real individuals, combats fraudulent activities and enables fair participation in the mining process of the network. Pi’s identity verification approach balances scalability, security, and accessibility, allowing millions of users worldwide to validate their accounts while maintaining regulatory compliance.

Pi Network

Pi Network is trending amidst intense community debate over its persistent closed mainnet, unresolved KYC and token migration challenges, and the continued absence of major exchange listings. This situation creates a stark divide between long-term holders envisioning future utility and frustrated users questioning its real-world tradability.

VanEck ETF Trust - VanEck Oil Services ETF

VanEck Oil Services ETF

OIH is trending as escalating geopolitical tensions across the Middle East and Gulf hurricane activity are pushing crude prices higher, yet the ETF's performance has remained notably lagging. The community is actively discussing whether OIH's exposure to affected regions or a general market skepticism about oil services is causing this disconnect, with many anticipating a significant rebound for the oversold sector.

Roundhill ETF Trust - Roundhill MSTR WeeklyPay ETF

Roundhill MSTR WeeklyPay ETF

The Roundhill MSTR WeeklyPay ETF ($MSTW) is trending as its attractive weekly dividend distributions draw investor attention. The community is actively discussing its leveraged exposure to MicroStrategy and Bitcoin, navigating extreme volatility and the underlying crypto market movements.

ETF Series Solutions Trust - ESS U.S.Global Jets ETF

US Global Jets ETF

The US Global Jets ETF (JETS) is trending due to heightened Middle East tensions causing volatile oil prices and widespread flight disruptions, prompting a split in community sentiment between those anticipating a rebound if oil prices normalize and others bracing for continued pressure on the airline sector.

Melania memes are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA

Melania Trump

MELANIA CRYPTO is trending as the community actively debates its legitimacy, with many criticizing it as a "shitcoin" or "pump and dump" following significant price declines, often linking it to other Trump-affiliated tokens. Upcoming discussions around a documentary featuring Melania Trump are further fueling polarized speculation on the coin's prospects.

Aeluma, Inc. engages in developing semiconductors for sensing, communication, and computing applications. The firm is also involved in manufacturing devices using compound semiconductor materials on large-diameter substrates that are commonly used to manufacture mass market microelectronics. The company was founded by Jonathan Klamkin and Lee McCarthy on February 28, 2019 and is headquartered in Goleta, CA.

Aeluma Inc

Aeluma is trending as it moves toward commercialization with initial sales orders and increasing customer engagement for its III-V-on-silicon photonics technology, critical for AI data centers, mobile, and defense. The community actively discusses significant insider stock sales by a major early investor, viewing it as either a strategic pivot or a point of caution, while highlighting the company's unique technological moat.

Investment Managers Series Trust II - Tradr 2X Long IREN Daily ETF

Tradr 2X Long IREN Daily ETF

IREX, the 2x leveraged ETF for IREN, is trending as traders debate its extreme volatility and perceived inconsistent tracking relative to IREN, a key player in the high-growth AI, crypto, and data center sectors. Community members are actively buying dips while also expressing frustration over its price action.

ETF Opportunities Trust - T-Rex 2X Long HOOD Daily Target ETF

T-Rex 2X Long HOOD Daily Target ETF

T-Rex 2X Long HOOD Daily Target ETF ($ROBN) is trending as the community actively discusses Robinhood's strong financial performance, anticipated positive earnings, and recent S&P 500 inclusion, leveraging the 2x ETF for potential amplified returns.

Uranium Energy Corp. engages in the provision of uranium and titanium mining and related activities, including exploration, pre-extraction, extraction, and processing of uranium concentrates, and titanium minerals. It operates through the following geographical segments: Wyoming, Texas, Saskatchewan, and Others. The company was founded by Alan P. Lindsay and Amir Adnani on May 16, 2003 and is headquartered in Corpus Christi, TX.

Uranium Energy Corp

Uranium Energy Corp is trending amid strong bullish sentiment for nuclear energy, driven by global energy security concerns and the immense power demands of AI infrastructure; this has led to a polarized community debate over its recent price volatility and latest earnings, with many anticipating a significant rebound or potential short squeeze for the U.S. uranium producer.

BlockDAG

BlockDAG is trending as its community grapples with significant challenges claiming presale tokens and wallet compatibility issues, leading to widespread confusion, "scam" accusations, and reports of varying prices across different trading platforms post-launch.

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Idea Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on September 18, 2025 and is headquartered in Los Angeles, CA.

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