Understanding Pi Supply: Key Insights from the 2021 Whitepaper
#PiNetworkMainnet
Pi Network has emerged as one of the most inclusive peer-to-peer ecosystems, aiming to revolutionize the cryptocurrency landscape. At its core lies Pi, the world’s most widely distributed cryptocurrency. The 2021 Whitepaper sheds light on the token supply model, its evolution from pre-Mainnet to Mainnet, and the vision for Pi's sustainable growth.
Pre-Mainnet: Building the Foundation
In its early stages, Pi Network focused on growth and accessibility. Mining Pi was simple and accessible via mobile devices, enabling the network to engage over 45 million active Pioneers globally.
Key features of the pre-Mainnet phase:
1. Mining Rate: Halved every time the network size grew by 10x, driving security and growth.
2. Decentralization: Tokens were distributed widely to include populations underserved by traditional cryptocurrencies.
3. Security Circles: Built trust through interconnected networks of verified Pioneers.
This phase ensured a diverse, decentralized community ready for the ecosystem’s expansion.
Mainnet Supply Model: Defining the Future
As Pi transitions to Mainnet, it adopts a more structured approach with a **maximum supply of 100 billion Pi**, distributed as follows:
80% (Community):
- 65% (Mining Rewards): Includes past and future mining rewards.
- 10% (Ecosystem Building): Managed by the Pi Foundation to sponsor community initiatives and developer grants.
- 5% (Liquidity Pool): Supports transactions and developer access to Pi.
20% (Core Team): Unlocks at the same pace as community rewards.
This model ensures long-term incentives while promoting growth and utility creation.
Mining Rewards in Mainnet
Mining evolves in the Mainnet phase to reward more diverse contributions, including:
- App usage.
- Operating nodes.
- Locking up Pi tokens.
A declining yearly supply limit ensures controlled token distribution over time.
Ecosystem Growth and Liquidity
The Pi Foundation, a future non-profit, will lead community-building efforts, fund developer projects, and represent the network in global collaborations. A dedicated liquidity pool ensures smooth transactions within the ecosystem.
Future Adjustments
The Enclosed Network phase allows for calibration of the token model, addressing factors like inflation and token circulation. This flexibility ensures Pi remains adaptable to the ecosystem's needs.
From its pre-Mainnet accessibility to the structured Mainnet phase, Pi Network is setting the stage for a decentralized, utility-driven future. With a capped supply and a clear roadmap, Pi’s vision of inclusivity and sustainability is within reach, ensuring that every Pioneer plays a vital role in building this revolutionary ecosystem.