Unlike in the pre-Mainnet phase, the systemwide base mining rate (B) in Mainnet is not constant across all Pioneers. It is calculated in real time and dynamically adjusted based on a yearly supply cap. This adjustment ensures that the total ...Read more

Yes, Pi Network plans to implement smart contracts to facilitate automated and trustless financial transactions within its DeFi ecosystem.

No, Pi Network does not offer an airdrop. Instead, Pi is earned through mining using the Pi Network mobile app, which allows users to mine Pi by contributing to the growth and security of the network.

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.

Pi Network’s mining mechanism allows Pioneers to contribute to the network’s growth, distribution, and security and be rewarded with Pi tokens. This process is designed to be meritocratic, meaning that rewards are based on the contributions made by each Pioneer.

The Beta phase aimed to onboard initial Pioneers, grow the network, and iteratively develop technical features and user experience based on community input.

You cannot directly sell your Pi Network coins on a traditional cryptocurrency exchange as of June 19, 2024. The Pi Network is still in its enclosed mainnet phase. There are however some things to consider:Peer-to-Peer (P2P) Transactions: You can attempt to ...Read more

During the Enclosed Network period, Pi can only be transferred within the Pi Network ecosystem. Transfers to external exchanges for fiat currency or other cryptocurrencies will be possible during the Open Network period.

Pi Network is designed with security in mind, utilizing decentralized blockchain technology. However, as with any new technology, it is essential to do your own research and exercise caution.

The grace period balances the need to give Pioneers adequate time for verification with the urgency to complete KYC. It also prevents unverified Pi from migrating to the Mainnet, ensuring the integrity of the ecosystem.