Liquidity is crucial for ecosystem viability, activity, and utility creation. It ensures timely access to Pi for ecosystem participants, facilitating transactions and the flow of value within the network.
Tag: Cryptocurrency
Cryptocurrency is digital money using blockchain technology, allowing fast, secure, and decentralized transactions without banks or middlemen.
During the pre-Mainnet phases, Pi Network focused on driving network growth and widely distributing Pi to bootstrap participation. The mining mechanism incentivized Pioneers to form Security Circles, crucial for the network’s consensus algorithm.
The Mainnet phase shifts focus to rewarding diverse Pioneer contributions essential for ecosystem building and utility creation. It introduces a clear maximum total supply of 100 billion Pi to address unpredictability and ensure long-term network incentives.
The pre-Mainnet supply model’s unpredictability raised concerns about planning, over-rewarding or under-rewarding contributions, and maintaining long-term incentives. These issues prompted a shift to a clearer supply model for Mainnet.
The community receives 80% of the total supply, with 65% allocated for mining rewards, 10% for community organization and ecosystem building, and 5% for liquidity pools. The Pi Core Team receives 20% of the supply.
Mining rewards will be diversified to incentivize various contributions related to app usage, node operation, and Pi lockup. Yearly supply limits will be determined based on a declining formula to ensure a smooth allocation curve over time.
The Pi Foundation, a non-profit organization, will manage 10 billion Pi reserved for community organization and ecosystem building. It will organize events, gather community feedback, support developers, and ensure the network’s representation and branding.
Immediate compliance if asked to stop unacceptable behavior. Pi may take actions such as temporary or permanent bans, removal of privileges, or removal of content.
Website: minepi.com Support Portal: minepi.com/support/ Community Wiki: minepi.com/wiki Twitter: @PiCoreTeam Telegram: PiAnnouncements Facebook: @PiCoreTeam Instagram and Threads: @pi_network YouTube: PiCoreTeam Medium: pinetwork-official.medium.com
Pi Mining App: Available on iOS App Store and Google Play Store. Pi Browser: Available on iOS App Store and Google Play Store. Pi Wallet: wallet.pinet.com KYC: kyc.pinet.com Pi Chats: chat.pinet.com Fireside Forum: ...Read more