Future plans include expanding the range of DeFi services, enhancing the security and scalability of the platform, and integrating with other blockchain networks and DeFi protocols to offer a broader range of financial products.

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

You can earn Pi by downloading the Pi Network app and mining Pi daily. You can increase your mining rate by inviting others to join using your invitation code and by forming a Security Circle with trusted members.

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.

Currently, Pi cannot be exchanged for other cryptocurrencies or fiat money. During the Enclosed Network phase, Pi transactions are limited to within the Pi Network ecosystem.

During the Enclosed Network period, you can use your Pi to purchase goods and services within Pi apps, transfer Pi to other Pioneers, or lock up Pi for a higher mining rate. Pi transactions are limited to within the Pi ...Read more

During the Open Network period, the firewall will be removed, allowing external connectivity to other networks and wallets. Pioneers will be able to exchange Pi for other cryptocurrencies or fiat and run their own Pi Nodes and API services.

The monthly systemwide base mining rate is determined based on a declining exponential formula, which adjusts B based on a monthly supply limit determined by the formula. This formula ensures that B stays constant for a month and is adjusted ...Read more

Pi Network’s development is transparent, with regular updates and detailed whitepapers outlining their roadmap and progress. The team engages with the community and has provided clear guidelines and goals.

By encouraging the operation of reliable Nodes, the reward contributes to the decentralization, security, and scalability of the Pi blockchain. It also enables the development of peer-to-peer node-based applications, expanding the utility of the network.