The lockup reward enhances the individual Pioneer base mining rate, which is used as an input to calculate other rewards like Security Circle rewards, Referral Team rewards, Node rewards, and app usage rewards. By locking up Pi, Pioneers can increase ...Read more

Pioneers can decide their lockup settings at any time in the Pi app. These settings apply to their transferable balance when migrating to the Mainnet. Once confirmed, lockups cannot be reversed and must remain for the chosen duration. Pioneers can ...Read more

Yes, Pioneers can voluntarily initiate multiple lockups with different durations and percentages. Each lockup contributes proportionally to the total lockup rewards based on its duration, percentage, and mining history.

Lt (Lockup Time period multiplier): This multiplier depends on the duration of the lockup, ranging from 0 for no lockup to 2 for a 3-year lockup. Lp (Lockup Percentage multiplier): This multiplier is based on the percentage of Pi locked up, ...Read more

The lockup reward (L) is calculated using a formula that takes into account the duration of the lockup (Lt), the percentage of Pi locked up (Lp), and the logarithmic value of the total number of previous mining sessions (N). Pioneers ...Read more

The lockup reward incentivizes Pioneers to engage with the network for longer periods and contribute to its stability. By voluntarily locking up their Pi, Pioneers can earn a higher mining rate, helping to moderate the circulating supply in the market ...Read more

The Pioneer Base Mining Rate is the foundation of how Pioneers earn Pi through mining in the Pi Network. It includes the system-wide base mining rate (B), Security Circle rewards (S), and a new component called the lockup reward (L). ...Read more

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For example, Pioneer 1 and Pioneer 2 may have different mining rates based on their contributions to the network, including Security Circle connections, Referral Team activity, node operation, and app usage. These rates are calculated dynamically based on the current ...Read more

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