Pi Network is a blockchain project allowing users to mine cryptocurrency on their mobile phones without significant battery drain. It aims to create a decentralized Web3 ecosystem with real-world applications and utilities, rewarding users for mining Pi tokens. Unlike Bitcoin, Pi is designed to be accessible to a wider audience and doesn't require complex hardware. Users need an invitation code from an existing member to join the network and can mine Pi tokens by simply tapping a lightning icon daily. PI tokens are traded on centralized exchanges like Gate.io, Bitget and LBank.