Unverified Pi beyond the grace period is reallocated to Pioneer mining rewards and not transferred to the Mainnet. This ensures that Pi on the Mainnet is held by verified Pioneers who contribute to the network’s growth.

Pi Network is not affiliated with any unauthorized persons or entities using its name. Unauthorized activities include publishing false information, impersonating Pi founders, illegal sales of Pi, and spreading baseless rumors. Pi Network has never authorized any token listings on exchanges and ...Read more

Pioneers were rewarded with additional Pi per hour for each new valid Security Circle connection, up to 5 connections. The Referral Team reward provided a boost to the individual Pioneer base mining rate whenever both the inviter and invitee were ...Read more

The systemwide base mining rate (B) started at 3.1415926 Pi/hour and halved every time the network of Engaged Pioneers increased in size by a factor of 10x, starting at 1000 Pioneers.

The pre-Mainnet mining formula determined a Pioneer’s hourly mining rate based on several factors, including the systemwide base mining rate (B), Security Circle rewards (S), and Referral Team rewards (E). The formula was expressed as: M = I(B,S) + E(I) Where: M is ...Read more

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 token model is subject to tweaking based on early Mainnet results. The community may consider questions such as inflation after the distribution of the 100 billion Pi to further incentivize contributions, provide liquidity, and ensure network health. Decentralized decision-making ...Read more

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.

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.