Pi Network tokenomics: Will mined Pi tokens be part its circulating supply?

2023/01/20By: L, Laura

Mined Pi tokens is also a part of the network’s circulating supply. The protocol adopts a lock-up mechanism in place to control volatility. Here we will briefly explain the Pi Network tokenomics, revealing essential information about its circulating supply.

 

Quick Takeaways

First of all, here’s a detailed summary of everything we’ve covered on Pi network thus far that you may be interested in:

 

  1. Launched on Pi Day, March 14, 2019, Pi Network is a mobile blockchain mining project on a mission to give everyone access to the crypto revolution.
  2. This is accomplished by allowing anyone to mine Pi coins on their mobile devices without negatively impacting their battery life.
  3. Pi crypto project uses Stellar’s FBA mechanism, making it safer and more modern than the PoW consensus algorithm.
  4. Users’ mining capacity depends on the growth of their ecosystem, as the network uses halving to protect the value of Pi coins.
  5. Pi Network launch date: Pi Network has evolved over the years and is currently at a vital stage of its Enclosed Mainnet development leading up to the Open Mainnet launch. The final stage of opening the mainnet to the public is on schedule, but there is no definite timeline yet.
  6. Though several exchanges such as Huobi have listed Pi coin for trading in late 2022, the Pi Core team asserted that all these listings are conducted independently of the team, which are not approved and are not in line with the network’s policies. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.
  7. As the hype around Pi ecosystem has been going on for years and the Pi network launch date remains unknown, some experts believe that it is just a scam.

 

Deep dive into the Pi Network tokenomics and mining

Recently, there have been some misconceptions about the PI native token among pioneers in the Decentralized Finance (DeFi) space. One misinterpretation is the role of mined Pi in the protocol’s tokenomics.

 

Many Pi enthusiasts are faced with the problem of misunderstanding the tokenomics of the widely adopted crypto asset. In this light, we will briefly explain the Pi tokenomics, revealing essential information about its circulating supply.

 

Given the network’s size of over 30 million users, the total mainnet supply of Pi coin is 100 billion. Of which, 80% is issued to the community, and the remaining 20% is for the Pi Core team. Therefore, the community will receive 80 billion Pi tokens, while the team will get 20 billion tokens.

 

The community’s PI allocation is further divided as shown in the table below:

 

 

From the table, mined Pi is part of the coin’s circulating supply. Further, the Pi Core Team has integrated a lock-up system for Pi mining rewards. Hence, 80% of the circulating supply is locked for three years to sustain the token’s value in the long run.

 

In summary, Pi’s total circulating supply is 100 billion tokens. Mined Pi is included in the circulating supply. However, there is a lock-up mechanism imposed on the token’s circulation. For more information about Pi tokenomics, visit the Pi mobile application and read the new whitepaper.

 

FAQs


1. Is Pi coin legal? 

Currently, no one knows the answer to the question whether Pi coins are legal. There is no cost to install the application. However, there may be issues regarding data privacy and lack of transparency.

 

2. Can you trade Pi coin now?

Though several exchanges such as Huobi have listed Pi coin for trading in late 2022, the Pi Core team asserted that all these listings are conducted independently of the team, which are not approved and are not in line with the network’s policies. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.

 

3. When will Pi coin launch?

Pi Network has evolved over the years and is currently at a vital stage of its Enclosed Mainnet development leading up to the Open Mainnet launch. The final stage of opening the mainnet to the public is on schedule, but there is no definite timeline yet.

 

4. Does it have a Pi wallet app?

Yes, but Pi wallet currently only connect to the Testnet, with only Test-Pi for testing. It will have the real Pi coins inside when Pi Network mainnet goes live, when it will enable actual Pi transfers.

 

5. Is Pi mining legal?

Yes, it is legal as it does not involve any cash investments to mine it. All you need is about 20 seconds of your time (typically less than 20 seconds) to click on the lightning button to start mining once every 24 hours. If you already have the app, you can wait to see if the founders build something of significant value.

 

6. What about Pi network coin price prediction?

When it comes to the Pi coin price prediction, there are two completely different views.

 

Some believe it is impossible to know for sure what the value of the Pi cryptocurrency will be in the future. There is no way to know the future of a cryptocurrency that hasn’t even been launched yet. No one knows if there will be any value at all.

 

While some argue that it is not expected to last for long. They think the smartphone minable coin will hit the public space this year. And Pi coin price could surge to roughly $2 if listed on top crypto exchanges such as Crypto.com and Binance.

 


 

Read More:

Pi Network Launch Date: When Will Pi Coin Enter The Market?

Is Pi Network Legit Or Scam: Pi Coin Real Or Fake?

Pi Wallet: Does Pi Network Have a Wallet App?

Pi Coin Price Prediction 2025: Will Pi Coin Be Worth Anything?

How to Buy Bitcoin in 2023?

Bitcoin Futures Trading for Beginners

Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK

Luna Classic Price Prediction: Will Luna Classic Reach $1?

LUNA Classic Burn: Will LUNC Burn Its Supply?

Moon Bitcoin Review – Your Best Chance to Get Free Bitcoins

Shibarium Burn: Will the Burn Remove 111 Trillion SHIB Annually?

Gasoline Price Prediction: What Will It Be In Five Years?

NIO Stock Forecast 2025, 2030: Is NIO a Good Stock to Buy?

ADA Cardano Price Prediction 2025, 2030

HBAR Price Prediction 2025, 2030

Ethereum Price Prediction 2025-2030

Leverage in Crypto Trading: Something You Need to Know

Best Crypto Leverage Trading Platform for 2023

BTCC Sign up – How to Register an Account on BTCC

BTCC Crypto Futures Trading Guide

Register now to begin your crypto journey

Download the BTCC app via App Store or Google Play

Follow us

Scan to download