WILL ELON MUSK'S THRONE buzz WHEN PI NETWORK OPENS?

Hello!

I will start today's article with a shocking title in the financial market

" PI OPEN NETWORK - THE RICHEST PERSON ON THE WORLD IS ABOUT TO CHANGE OWNER? ".

That may not be a joke, so how could this happen?

Elon Musk has held the position of the richest person in the world for many years, but Musk's era may soon end after Pi Network Opens Network!

Surely you have heard of Changpeng Zhao, another billionaire entrepreneur, founder of Binance. Zhao is said to be the richest person in the Crypto world, with an estimated fortune of 80 to100 billion dolar based on his ownership of the Binance exchange ecosystem along with about 80% of the supply of Binance Smart Chain's native token BNB.

But it's not Changpeng Zhao who can challenge Musk's position, but both Elon Musk and Changpeng Zhao may lose their top positions at the same time when the Pi Network officially opens its network. That position may very well belong to Pi Network founder Nikolas Kokkalis, as the Pi coin he created is expected to immediately reach a huge market capitalization on network opening day.

I'm Andy from Rubi Network!
With the storm of Pi news everywhere! I can't stay indifferent and this is my first and official article about Pi Network!
This article is full of important figures with an optimistic and interesting perspective!

Pi Network is a prominent blockchain project with a simple approach and is considered by tens of millions of people around the world to be one of the most successful cryptocurrency projects in community building of all time.

The Pi Network application was first released on the Google Store on December 12, 2018, and to date, the project has gone through more than 6 years of a particularly controversial, confident, but also skeptical development journey.

Currently, according to the announcement of the development team, Pi Network has reached the necessary conditions to officially release the open network (Open Network) and the time is set for February 20, 2025. This event immediately created a big buzz in the cryptocurrency community in general and excited those who persistently support this network.

The network opening event is an event that the community of millions of Pi users has been waiting for a long time!

So! Before going into the main content of the article, the author would like to congratulate the Pi Network community on the success of the network opening day!

I am someone who has spent time observing the development of Pi Network, today I will summarize the entire Pi Network in a single article with universal information, perspectives that have never been mentioned by anyone before! This article allows anyone to easily understand about Pi Network!

Whether you are an investor, or a long-time pioneer, you can easily grasp all the important information about the Pi network that no one has ever mentioned, in a single article of mine below!

History and origin of Pi blockchain, relationship with Ripple and Stellar

What is Pi Coin?
Similar to the well-known Bitcoin cryptocurrency concept, Pi coin is a cryptocurrency that operates based on the blockchain technology consensus protocol. Pi coin has a fixed maximum supply of 100 billion units, so it is also considered a cryptocurrency with a deflationary price factor over time. 

Pi coin's goals and vision
Pi Network's vision is to become the most advanced, powerful and globally accepted cryptocurrency, capable of participating in payments for all types of goods transactions and being a means of cross-border payment, superior to fiat currencies in countries, completely without the need for third-party participation.

The mysterious Dr. Nikolas Kokkalis 
He is said to be the father, soul and supreme leader of Pi Network, known as a professor at the prestigious Stanford University! However, in recent years, Dr. Nikolas has almost disappeared from the media, and information and web links about him have mysteriously disappeared. When writing this article, I could not find any notable information about Nikolas.

What is the relationship between Ripple and Stellar?
The Pi Network source code is said to inherit the source code of Stellar (considered a fork from the Stellar source code), Stellar's proven open source inheritance strategy shows that Dr. Nikolas is a cautious person and emphasizes stability when building the blockchain for Pi Network.

In addition to inheriting from Stellar, Pi Network also has some similar characteristics to Ripple, a cryptocurrency of Stellar's senior, even the supply of Ripple and Pi Network is also pre-created and has the same number of 100 billion units. The vision and goals of Ripple and Pi also have some similarities.

The billionaire Jeb McCaleb
Both Ripple and Stellar are linked to a famous billionaire in the crypto community Jeb McCaleb, who is ranked 40th on the list of the world's richest people. Billionaire Jeb McCaleb is the founder of both Ripple and Stellar, and he seems to have an influence on Pi Network, which can be observed based on the inherited development characteristics seen on all 3 Blockchains mentioned. Common points such as Tokens issued from the beginning without mining, very large supply, not completely open source mechanism ... So pay attention to Jeb McCaleb, because we will mention his influence later.

Continuing to expand the history of these blockchains, we can find some connections that are chained from a time perspective, from which I conclude that Pi Network seems to have been prepared for a long time and has a solid technological and logistical foundation.

Let's look at the time series as follows!
● 2009 - Bitcoin is first introduced
● 2010 - Mt-Gox (founded by Jeb McCaleb) and becomes the exchange that accounts for 70% of the bitcoin trading market share.
● 2011 - Jeb McCaleb leaves Mt-Gox and starts his own plan
● 2012 - Ripple is founded by Jeb McCaleb and his associates. (this is a non-open source blockchain)
● 2013 - due to disagreements, Jeb McCaleb left Ripple
● 2014 - Jeb McCaleb founded Stellar (based on a fork of the Ripple source code), in the same year Mt-Gox was hacked and lost 850,000 Bitcoins, about 7% of the Bitcoin supply at that time.
● 2018 - Pi Network was first introduced as a roll call mining application.
● 2021 - Pi Network introduced the Pi testnet blockchain (based on the inheritance of source code and protocol from Stellar)
● 2025 - Pi Network set the network launch date of February 20, 2025.

Looking back at the entire history, stringing it together, it can be seen that the development of Pi Network was carefully prepared by Dr. Nicolas and his team, researched for a long time and then developed Pi Network with the inheritance of advantages from Ripple and Stellar.

So if we only consider the time Pi appeared, it has only been from 2018 to now, more than 6 years, but if we consider the premise relationships and technological foundation, Pi was probably prepared many years earlier than 2018.

And if the above chain of events is considered logical, then I really would not be surprised that Pi Network has significant support or influence from billionaire Jeb McCaleb in terms of both financial resources and policy advice.

Important figures of Pi Network before G-hour:

First of all, let's look at the numbers, the records of Pi network updated at the time of writing (February 18, 2025)

1 • 110 million downloads of Pi application on Google store (Reference from Google Play Store)
The application was released on December 12, 2018, so far, Pi application has reached the top position, with 110 million downloads, far surpassing all competitors, even the number of downloads of Pi application is nearly 5 times larger than the number of downloads of OKX exchange application, this shows the unique position of Pi Network before the network opening time.

2 • Total active users are around 60 million (referred to from Pi Network announcement)
With around 60 million active users announced by the developer, the Pi app is one of the apps with the highest active users/downloads ratio in the crypto industry.

3 • Total KYC passers are around 10 million (referred to from Pi Network announcement)
The completion of 10 million user verifications is another surperise record for the Pi network, especially considering the complexity of identity information globally. While there are still a large number of fraudulent KYCs that are missed, the Pi network has managed to achieve over 10 million KYCs, something no other network has achieved.

4 • 100 billion token supply, how many have been unlocked?
Looking at the Pi Blockchain number at the date of writing, we note that the Pi supply has been fully released with the following Unlock / Lock, Status Unlock (95.33 billion Pi) / Lock (4.67 billion Pi).

However, it should be noted that the majority of Pi Unlock is being managed by the Pi Core Team, so it is unlikely to cause selling pressure.

5 • Correlation of % of Pi supply management and ownership
How the pi supply is being managed and allocated is definitely information that you need to know when learning about the Pi network, especially for investors who intend to invest in the Pi network.

According to the current status of the Pi ledger at the time of writing, the 100 billion pi supply can be divided into 3 groups as follows:

• Pioneer community control: 1.59 billion pi, corresponding to 1.59%
• Locked pi rewards: 4.67 billion pi, corresponding to 4.67%
• Pi Core Team manages the rest: 93.74 billion pi, accounting for 93.74%

Thus, we conclude that with only 1.59% of the supply belonging to the community, the selling pressure is not too great. If Pi developers (PCT) also commit to not selling a portion of their supply, this could be a favorable condition for pi to increase in price after the network opens and is listed.

LOOK ON CHAIN

Looking at the blockchain number, to observe the public truth is an important skill you always need!

The blockchain ledger is the most reliable public data of a Blockchain, so LOOK ON CHAIN ​​plays an important role in monitoring network data and understanding the blockchain. Not only with Pi Network, we recommend that you practice observing data on other blockchains, where you own assets, to monitor the truth yourself.

Now, let's explore with Andy the most important and interesting points on the Pi Network ledger.

1 • First Block:
The first block is the block that establishes when the ledger went live, in Pi's case we can only access block #2 while blocks #0 and #1 are inaccessible, this could be the block that contains the information that created the Genesis wallets.

Pi Network Ledger Interface and Block #2 (day 01/01/2021)

Blocks #0 and #1 are inaccessible (02/18/2025)

2 • Parent Wallet (Genesis)
This is the first wallet address we observed on the Pi network - it appeared in the first transaction on 01/01/2021 at block #14, before which no transactions were found. Here are the 2 transactions that created the supply from the parent wallet.

• 20 billion pi print transaction: (TXN) made on 01/01/2021at block number(#14) 
address: GAODAYUBCUWKJIMGV6NWZ2BBM6ONSDEQY34ILE6OHJ2BRKUKFD2V55VT

• 80 billion pi print transaction: (TXN) made on 01/01/2021at block number (#18)
address: GCDIVYVE53TKHVP37J7N7YU4ZA52YQE36FWZ3W2TMSZXZJJ6BDXSSQRF

3 • Wallets with billions of Pi balances you need to know

• 65 billion pi wallet - created on 29/12/2021 (TXN) at block ( #445170 )
address: GBQQRIQKS7XLMWTTRM2EPMTRLPUGQJDLEKCGNDIFGTBZG4GL5CHHJI25

• 10 billion pi wallet - created on 29/12/2021 (TXN) at block ( #445153 )
address: GDPDSLFVGEPX6FJKGZXSTJCPTSKKAI4KBHBAQCCKQDXISW3S5SJ6MGMS

• 5 billion pi wallet - created on 29/12/2021 (TXN) at block( #445139 )
address: GB7HLN74IIY6PENSHHBBJJXWV6IZQDELTBZNXXORDGTL75O4KC5CUXEV

• 5,4 billion pi wallet - created on 30/12/2024 (TXN) at block ( #18480281 )
address: GALKEOXXIJKX76OMG5XNAIZA4F4Q5VRQBYW4LDU57SWORA7X47NSW4NM

4 • 10,000 Pi Millionaire Wallets.
An interesting activity of the Pi blockchain, there is an initial large wallet that owns 20 billion Pi coins that has been divided into 10,000 "millionaire wallets", each wallet has 2 million Pi, you can try to observe the following wallet address on the Pi blockchain.

Original 20 billion Pi wallet: GAODAYUBCUWKJIMGV6NWZ2BBM6ONSDEQY34ILE6OHJ2BRKUKFD2V55VT

Giao dich tạo 10.000 ví có 2 triệu pi mỗi ví

Major exchanges take action!

Can't miss it! Pi Opennet work is a major event in 2025 of the cryptocurrency market, pi's huge user base is up to more than 60 million, most of whom have not been exposed to cryptocurrency trading on centralized exchanges. So the Pi Open Network event is a particularly rare and important opportunity for exchanges. Bringing opportunities in a short time to increase tens of millions of new downloads and registrations. The first and most sensitive move comes from OKX, this rising exchange immediately became the pioneer to announce its acceptance of spot trading with Pi Coin and almost immediately OKX announced a deposit wallet that allows users to deposit Pi coins into its exchange.

With a huge user base and the potential for large cash flow from tens of millions of users, it is impossible to ignore, a competition for influence between exchanges is taking place vigorously with a series of moves recorded below!

Binance: As the largest exchange, which has previously questioned the controversial nature of Pi, Binance is now conducting a public consultation on listing Pi. Although the vote has not ended, the results are of course easy to predict.

OKX: Showing that they are extremely sharp and take advantage of every opportunity to compete and increase their influence, OKX has taken the lead in confirming the listing of Pi. Immediately, the combination of two big names OKX & Pi Network has flooded the headlines and every corner of social networks. This is a strategic and expensive decision, which is likely to bring OKX tens of millions of app downloads, and take a big step forward in expanding its market share.

Bybit: Also known as a sharp exchange, but slower to react than OKX, Bybit has chosen to make a reverse impact by refusing to list Pi Coin with the most ironic reason being "fear of being asked for money back by the elderly".

Coinbase: Although there has been no specific move, it seems that the leading American giant is also observing the hot developments from the event, most likely, this exchange will also announce support for listing Pi coin, because Pi coin is also considered a project from the US.

HTX: Owned by billionaire Justin Sun, who often makes shocking moves and statements in the crypto market, HTX has delisted Pi IOU, this could be a clear move that this exchange is also preparing to allow Pi to be listed on the spot.

Bitget: A familiar exchange, in the top 10 of other famous centralized cryptocurrency exchanges, has also confirmed listing Pi for spot trading.

There is no doubt about the heat of Pi Network for exchanges when they own a community of up to 60 million loyal users! Something that any exchange would love to serve!

Pi Network & Billionaire Nikolas Kokkalis

Back to answer the shocking statement at the beginning of this article! about "Is Elon Musk and Changpeng Zhao's No. 1 position likely to be shaken after the Pi network launch event?"

First, let's take a look at how billionaires like Elon Musk and Changpeng Zhao earned their huge fortunes of hundreds of billions of dollars!

Elon Musk: Owns a fortune of nearly $400 billion at the time of writing, Most of his wealth does not come from cash but from the accounting value of the shares he owns in his companies such as Tesla, SpaceX, Neuralink, X.com and his other projects. Thus, it can be seen that Elon Musk's wealth comes from the price fluctuations of the shares he owns and they create a nominal fortune of $400 billion.

Elon Musk may see a billionaire richer than him after Pi Network opens

Changpeng Zhao: Similar to Elon Musk, the assets of the richest billionaire in the crypto asset industry are also nominal assets from his crypto-related companies. These include the world's largest exchange ecosystem Binance, Trust wallet, coinmarketcap news site, the amount of Bitcoin he owns, and especially the number of about 80% of the supply of BNB coin that Zhao owns directly or indirectly. BNB is the 5th coin in the world with the current market capitalization, the price of BNB has recovered to a high in 2025, causing Zhao's total assets to increase significantly. Zhao is considered the king in the digital currency world.

Event 20/2/2025 and the position of billionaire Nikolas Kokkalis

Previously, the Pi community often dreamed of the Pi project and their Pi coin being mentioned by top billionaires like Elon Musk or Changpeng Zhao to make a splash. But now the founder of Pi Network is likely to become the billionaire with the largest assets in the world based on the position of Pi coin he is managing.

Nikolas can surpass Elon Musk and Changpeng Zhao after the network is fully opened depending on the fluctuations of the Pi coin trading price and the Total CAP Value of the pi network. As mentioned, 93.7% of the supply of pi is in the illustrated wallets, and they are completely unlocked. The person in control of this wallet is said to be Dr. Nikolas Kokalis, so this is the basis for calculating the value of his assets in the comparison and ranking of the richest billionaires on the planet.

Price Scenarios and Estimated Value Nikolas Holds

● Pi is priced at $5 - This is a very likely scenario, at this price 93.7 billion pi would correspond to a fortune of $468 billion

● Pi is priced at $10 - This is a very likely scenario, at this price 93.7 billion pi would correspond to a fortune of $937 billion

● Pi is priced at $20 - This is a very likely scenario, at this price 93.7 billion pi would correspond to a fortune of $1874 billion

Nicolas is said to have a fortune that surpasses Changpeng Zhao

The above price scenarios are said to have a high probability of occurring on the day of the Pi Network's launch. Most of the Pi mining community believes that the price of each Pi coin will be even higher. While many articles mention hundreds of dollars for the price of pi. Thus, it can be seen that Nikolas has a high probability of becoming the billionaire at the top of the list of the richest billionaires on the planet, he can even create a very large gap compared to the second place, Elon Musk. Even in the case that Pi only reaches the price of $ 1, the assets Nikolas controls are still capable of competing with billionaire Changpeng Zhao.

Impacts on Rubi Network

With a similar digital asset distribution mechanism to Pi Network, the event of Pi Open Network and being strongly accepted by exchanges will be considered a convincing answer to the question "Is it possible for digital assets to be mined easily and for free like Pi or Rubi to be accepted?" 

Positive impact on Rubi Network
The success of Pi Network creates positive momentum for Rubi Network, because both have similarities in the concept of "Mining" that is so simple that it is controversial. Miners on Pi do not need knowledge, do not spend money, and do not need complicated means to "mine", so this model has been underestimated in terms of value when compared to the expensive and complicated "mining" activities of Bitcoin or Ethereum.

Interesting: RUBI and the differences compared to Pi Network?

• Decentralized supply:
Rubi's supply issuance mechanism makes the supply distributed directly to each miner, thus creating a more thorough supply dispersion than Pi coin. If supply decentralization is an important criterion, Rubi really deserves an A++ in this criterion.

• Circulating supply (unlock) is scarcer than Pi Coin
If the total unlocked supply of Pi coin is up to 95.33 billion Pi, the unlocked number of Rubi has only reached 18.1 million RBL, a much smaller number than Pi's Unlock supply. Even the current figure of 18.1 million is smaller than the number of BTC coins unlocked.

⚠️ • Is mining 0.625 RBL per day too little?
This is interesting content and also a complaint of many people when just looking at the figure of 0.625 RBL per day, thinking that this speed is too low, so taking advantage of the article about Pi, Andy will give a performance comparison based on the circulating supply data of Rubi and Pi coins, to see how much Pi on the Pi Network will be equivalent to 0.625 RBL mined per day:

Let's calculate based on objective numbers!

>> ( Rubi mining efficiency / Rubi unlock supply ) = ( X Pi coin efficiency / Pi unlock supply )
>> ( 0,625 / 18,100,000 ) = ( X pi / 95,330,000,000 )
>> X = ( 0,625 / 18,100,000 ) * 95,330,000,000 = 3291,7 

Result:
Considering the correlation of unlock volume position of each network, the mining speed of 0.625 RBL / day on Rubi Network will be equivalent to the mining speed of 3291.7 pi / day for pi network.

So although the number 0.625 is a small number, in this case it has the same position as the number 3291.7, a fairly large number for the Pi network, if you know that even at the beginning of the pi network, pi miners only earned about 75pi / day

Here Andy gives the answer and affirms that the current mining efficiency of 0.625 of Rubi is a very good efficiency, so Rubimily miners should take advantage of the golden time with this high efficiency.

Conclusion:

So after more than 6 years of controversial journey, Pi Network and the Pi community can successfully enter their new chapter!

This article provides the Rubimily mining community with an objective perspective based on reliable overall data and clear evidence. With the launch of Pi Network's open network, we have a convincing answer for the entire Rubimily community about the expectation that the future of digital assets Rubi also has the potential to be accepted like Pi when we meet the valuable conditions.

Finally! The Rubimily community is pleased to send congratulations to the Pi Network community, Wishing you continued success with the new chapter of Pi Network development.

ANDY!