Pi Network Introduces Tokenomics with 100 Billion Token Supply
With its innovative tokenomics system, Pi Network aims to create a more inclusive and community-first environment, where everyone's interests are tied together, and the pace of migration is fast, fair, and driven by the community's participation, this is achieved through the 100 billion pi network token supply.
Pi Network has launched a tokenomics system, dividing its 100 billion token supply into five allocation buckets, ensuring a fair and community-first approach to token distribution. The allocation buckets include community mining rewards, foundation, liquidity needs, and core team, each playing a crucial role in the network's ecosystem.
The community mining rewards bucket accounts for 65% of the total token supply, providing a significant incentive for Pioneers to contribute to the network. The foundation and liquidity needs buckets allocate 10% and 5% of the tokens, respectively, while the core team bucket receives 20%. This allocation setup is designed to promote a sense of community and shared interests among all stakeholders.
The Effective Total Supply, which represents the usable token supply, grows as Pioneers migrate to the Mainnet. This growth is calculated by dividing the total migrated rewards by 65%, ensuring that the token supply expands at a pace tied to the community's participation. By tracking the pace of migrated Pi rewards, the network ensures that everyone's interests are aligned, promoting a fast and fair migration process.
The introduction of Pi Network's tokenomics system marks a significant milestone in the network's development, demonstrating its commitment to creating a fair and community-driven ecosystem. As the network continues to evolve, it will be interesting to see how this tokenomics system contributes to its growth and adoption.