Overview of Pi Core Team Allocation
The Pi Core Team (PCT) holds 20 billion Pi Coins, which are unlocked gradually based on the progress of the community's mining efforts. This system ensures fairness and ties the Core Team's rewards to the success of the network. Here's what it means:
1. Proportional Unlocking: The Core Team can only access their coins in proportion to how much Pi has been mined by the community. For example, if 25% of the community’s allocation has been mined, then 25% of the Core Team’s coins can be unlocked.
2. Self-Imposed Lockup: The Core Team may voluntarily delay their access to unlocked coins to keep the system fair and stable.
Current Pi Coin Distribution
Based on the provided data, let’s calculate how much Pi Coins are currently available for both Pioneers and the Pi Core Team:
Data Overview (based on April 14, 2025):
- Migrated Mining Rewards (community total mined): 6,860,313,629.745 Pi
- Effective Total Supply for Pioneers (65%): 10,554,328,661.146 Pi
- Maximum Supply: 100,000,000,000 Pi
Unlock Rate for Pi Core Team
To find out how much of the Core Team’s allocation is unlocked, we compare the total Pi Coins mined by the community to their full allocation of 65 billion Pi Coins.
Unlocking percentage = (community total mined / total allocation for Pioneers) × 100
Unlocking percentage = (6.86 billion / 65 billion) × 100
Unlocking percentage ≈ 10.55%
This means that 10.55% of the Core Team’s 20 billion Pi Coins are now accessible:
Unlocked Pi for Core Team = (10.55% × 20 billion)
Unlocked Pi for Core Team ≈ 2.11 billion Pi Coins
The remaining allocation (about 17.89 billion Pi Coins) is still locked.
Value in USDT
If the Core Team decides to cash out their unlocked coins now at a price of 0.80 USDT per Pi Coin, their value would be:
Unlocked Core Team value = 2.11 billion × 0.80
Unlocked Core Team value ≈ 1.688 billion USDT
Similarly, the circulating supply for Pioneers would be worth:
Pioneer circulating value = 6.86 billion × 0.80
Pioneer circulating value ≈ 5.488 billion USDT
Distribution Among Core Team Members
The Core Team now consists of 40 members. If the unlocked Pi Coins (2.11 billion) are divided equally:
Pi Coins per team member = 2.11 billion / 40
Pi Coins per team member ≈ 52.75 million
USDT value per team member = 52.75 million × 0.80
USDT value per team member ≈ 42.20 million
Explanation of 5% Liquidity and 10% Community Support
The Pi Network white paper also allocates 5% of the total supply for liquidity and 10% for community organization and ecosystem building, which are managed by the Pi Foundation. Here's what these allocations mean:
1. 5% Liquidity:
- This portion ensures smooth transactions within the Pi ecosystem.
- It supports trading, business activities, and other real-world applications of Pi Coins.
- Liquidity is crucial for maintaining stability and usability as Pi transitions to an open network.
2. 10% Community Organization and Ecosystem Building:
- Managed by the Pi Foundation, this allocation is dedicated to funding community initiatives, developer grants, and ecosystem growth projects.
- It supports activities like partnerships, infrastructure improvements, and fostering inclusivity.
- This allocation aligns with Pi Network's vision to create a thriving ecosystem accessible to everyone.
These allocations are designed to ensure the long-term sustainability and growth of the Pi Network ecosystem.
Key Points to Address Skepticism
1. Gradual Unlocking: The Core Team cannot access all 20 billion Pi Coins immediately. Their allocation is tied to the progress of community mining, ensuring fairness.
2. Alignment with Success: The Core Team’s rewards depend on the network’s growth, motivating them to support development and adoption.
3. Safeguards for Trust: This unlocking mechanism and the allocations for liquidity and community support are documented in the Pi Network white paper, promoting transparency and trust.
Note: This analysis and article are based on the Pi Network white paper, which details the unlocking mechanism and tokenomics of the project.