Pi Coin (PI) developers have released updates about token distribution, Mainnet crossing and the future of the network!

Pi Coin (Pi) While publishing a detailed update summarizing the roadmap for Mainnet transitions, the developers presented an in -depth explanation about the tokenomic and supply structure of the project.

Pi Coin is traded at a level of 79 %lower than the highest price level of all time 2 months ago. It is also necessary to be careful about the ongoing Ponzi scheme allegations about Coin.

According to developers, traditional traditional Crypto para Unlike projects, the transition of Pi Network contains a much more complex process. Based on the data collected through many years of mobile mining, the network aims to carry tens of millions of users or “pioneers” in a fair and safe way. According to developers, more than 12 million Pioneer has already been successfully spent Mainnet.

The first goal was to spend at least 10 million users before starting the Open Network. However, developers said that many users will continue to switch even after the Open Network broadcast.

The Pi Core Team determined a structured road map focusing on three main transition phases:

• Completion of the first transitions: Currently, the network is focused on completing the first transition group. These include Basic Mining Awards, Security Circle Awards, Locking Bonuses, Auxiliary Application Usage Awards and Approved Node Awards.
• Second transitions with routing bonuses: After the first transitions are completed, the second transitions will begin. These will first include the reference mining bonuses earned from the team members passing the KYC.
• Ongoing periodic transitions: In the last stage, regular transitions (probably monthly or three months) covering all types of prize to provide long -term scalability will be held.

Developers argued that the balance shown in the interface of the users (transferable balance) is a simplified estimation. Considering the entire mining history of each user, the real balance carried contains deeper calculations that may take longer to process.

As the transition process continued, the developers gave information about Pi’s tokenomics. Here are the details according to the developers:

• Maximum Supply: Pi has a fixed maximum of 100 billion token supply:
  • 65 %for community mining awards
  • For 10 %Foundation Reserves
  • For 5 %liquidity
  • 20 %for the core team

These rates will follow the speed of the mining prizes carried out and remain consistent over time and ensure that the active total supply is proportional. For example, if 1 billion pi token has been moved, the effective total supply will be approximately 1,538 billion token (1B ÷ 65 %).

*It is not an investment advice.