What is the Pi cryptocurrency?

Pi is the world's first cryptocurrency that can be mined using an app on your mobile. The cryptocurrency was created in 2019 by doctors from Stanford University. The project is registered in California. The Pi cryptocurrency was featured on CoinMarketCap but it was removed from the resource, as the Pi Network did not plan to conduct IDO. The Pi Network application has a wallet but it will be possible to sell and buy currency only when the project enters the third phase of development.