As of October 29, 2024, Pi Network reported a total supply of 68 million Pi tokens, with a maximum cap set at 100 billion tokens. To maintain stability, 80% of the mined Pi is locked in a three-year vesting period. The remaining 20% is allocated to the Pi core team, distributed as follows: 65% for mining rewards, 10% for ecosystem development, and 5% to provide liquidity on exchanges.
The mainnet launch is scheduled for February 20, 2025.
Pi Network's tokenomics are designed to balance scarcity with accessibility, ensuring fair distribution while incentivizing user engagement. Unlike Bitcoin's fixed global supply cap, Pi employs a per-user minting mechanism, allowing a predetermined amount of Pi to be generated based on network growth.
However, the project has faced scrutiny over its tokenomics, data leaks, and regulatory challenges. In July 2023, authorities in Hunan Province labeled Pi Network as a scam, warning that its reliance on referrals and promise of future rewards raised concerns about sustainability.
As the mainnet launch approaches, the crypto community is closely monitoring Pi Network's developments to assess its long-term viability and impact on the digital currency landscape.