Pi Network is one of the most intriguing crypto platforms in the DeFi industry, with over 60 million engaged Pioneers. With the Open Network phase live, the project has shifted from a closed ecosystem to a fully operational blockchain.
PI Token Supply and Allocations
According to its 2019 whitepaper, Pi Network's total token supply is 100 billion Pi. 80 billion tokens are allocated to the community, including mining rewards and referral bonuses. 20 billion are reserved for the core team to support development and strategic growth.
Deflationary Mechanism
A cornerstone of Pi's tokenomics is its deflationary mechanism, which reduces the mining rate as the network grows. This mimics Bitcoin's halving events, linking reductions to community growth instead of a fixed schedule.
PI Tokenomics and Utility
With the Open Network launch, Pi transitioned into a functional asset available on several exchanges. The platform encourages $PI use for purchases and auctions, fostering real-world application and aiming to establish it as a peer-to-peer payment technology.
Pi's tokenomics are evolving, with a deflationary model and utility focus. Success depends on user trust and adoption.
