Pi Coin (PI) Developers Released an Update on Token Distribution, Mainnet Transition, and the Future of the Network!

Pi Coin (PI) developers released a detailed update summarizing the roadmap for the Mainnet transitions, while also providing an in-depth explanation of the project's tokenomics and supply structure.

Pi Coin is currently trading at a level that is 79% lower than its all-time high price level from 2 months ago. Additionally, caution is needed regarding ongoing Ponzi scheme allegations about the coin.

Unlike traditional cryptocurrency projects that typically distribute coins through simple airdrops, the transition of Pi Network involves a much more complex process, according to developers. The network aims to fairly and securely transition millions of users, or "Pioneers," based on data collected through years of mobile mining. According to developers, over 12 million Pioneers have already been successfully transitioned to the Mainnet.

The initial goal was to onboard at least 10 million users before launching the Open Network. However, the developers noted that many users would continue to transition even after the Open Network went live.

The Pi Core Team has established a structured roadmap focusing on three main transition phases:

• Completion of Initial Transitions: The network is currently focused on completing the first transition group. This includes verified base mining rewards, Security Circle rewards, locking bonuses, utility application usage rewards, and approved Node rewards.
• Referral Bonuses for Second Transitions: After the first transitions are completed, the second transitions will begin. These will primarily include referral mining bonuses earned from team members who have passed KYC.
• Ongoing Periodic Transitions: In the final stage, regular transitions covering all types of rewards will likely be conducted monthly or quarterly to ensure long-term scalability (.

Developers argued that the balance displayed in the users' interface is a simplified estimate of )Transferable Balance(. The actual balance carried over includes deeper calculations that may take longer to process, considering each user's entire mining history.

While the transition process continues, the developers provided information about Pi's tokenomics. Here are the details according to the developers:

• Maximum Supply: Pi has a fixed maximum supply of 100 billion tokens allocated as follows:

• 65 community mining rewards for
• %10 foundation reserves for
• %5 liquidity for
• 20% for Core Team

These ratios will remain consistent over time by tracking the speed of the Carried Mining Rewards and will ensure proportional scaling of the Effective Total Supply. For example, if 1 billion Pi tokens have been carried, the Effective Total Supply will be approximately 1.538 billion tokens calculated as )1B ÷ %65.