With the development of the open network, Pi Network is rapidly gaining popularity in the DeFi sphere, offering new possibilities for Pi token utilization. This article explores the economic model of Pi Network and the current status of its tokens.
PI Token Supply and Allocations
As outlined in the 2019 whitepaper, the total issuance is 100 billion PI. The allocation is as follows: 80 billion for the community, including mining rewards and referral bonuses, while the remaining 20 billion is reserved for the developer team and operational support.
Deflationary Mechanism
A key feature of Pi's tokenomics is its deflationary mechanism, which reduces mining rewards as the network grows. Since the network's launch, the base reward has decreased several times, emphasizing the concept of creating a scarce asset.
PI Utility and Tokenomics
With the launch of Pi Network's open network, the Pi token has become a functional asset that can be used across various platforms. Events like Pifest demonstrate the token's potential for real-world transactions, highlighting Pi Network's ambition to become a full-fledged currency competing with traditional payment systems.
Pi Network's tokenomics is a system undergoing dynamic development. With a focus on utility and qualitative asset distribution, the platform's success largely depends on user adoption and trust levels.
