Pi Network, one of the most intriguing platforms in the DeFi industry, has undergone significant changes following the launch of its open network. With 60 million active participants, the project offers a unique tokenomics model.
PI Token Supply and Allocations
According to the original 2019 whitepaper, Pi's total supply consists of 100 billion PI. The distribution is as follows: 80 billion is allocated to the community covering mining rewards and referral bonuses, and 20 billion is for the core team supporting the project's infrastructure and development.
Deflationary Mechanism
Pi's deflationary mechanism is designed to regulate token supply through reduced mining rates as the network grows. This mechanism resembles Bitcoin halvings but is based on user adoption statistics.
PI Tokenomics and Utility
With the open network launch, Pi has transitioned from a speculative currency to a functional asset for real transactions. Within the ecosystem, events encourage the use of $PI as a payment medium.
Pi Network's tokenomics is an evolving system aiming for real-world adoption. The team's efforts focus on refining infrastructure and increasing commercial network activity.
