Stbrians
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Pi Network: Pi Core Team (PCM) Finally Clears The Air
In a blog posted on the pi mining app, the Core Team finally broke its silence.
They elaborated on the following:
Mainnet Migration Roadmap By Priorities
Quote
"(1) The migration needs to occur for a network of tens of millions based on complex mining data over the last 6 years to ensure accuracy, security and fairness for honest Pioneers by excluding cheating. It is not just a simple airdrop to tens of thousands of wallets, without much consideration of additional data, like in many other crypto projects. (2) The network has already migrated over 12 million people, which on its own is already an achievement of scalability in the industry, especially given the natively built KYC and migration processes with no fiat cost for users. (3) When the migration condition for going to Open Network was set to be 10 million—striking a balance between the network’s need to transition to Open Network in a timely manner and inclusion of millions of Pioneers in the Mainnet—it was understood and expected that there would be people who need to migrate after Open Network launch."
-Completing initial migrations for Pioneers in the queue.
-Second migrations including referral bonuses.
-Ongoing Periodic Migrations.
Pi Tokenomics and Supply
Quote
"On Pi’s supply and allocations
The Maximum Supply of Pi is 100 billion tokens. The Maximum Supply is comprised of the following: 65 Billion tokens (or 65%) are allocated for all community mining rewards; 10 billion (10%) are allocated for foundation reserves; 5 billion (5%) are allocated for liquidity purposes; and 20 billion (20%) are allocated for the Core Team."
The Pi Mining Mechanism
They explained how pi distributes pioneers mined pi.
#PiCoreTeam
$ETH
$BNB
They elaborated on the following:
Mainnet Migration Roadmap By Priorities
Quote
"(1) The migration needs to occur for a network of tens of millions based on complex mining data over the last 6 years to ensure accuracy, security and fairness for honest Pioneers by excluding cheating. It is not just a simple airdrop to tens of thousands of wallets, without much consideration of additional data, like in many other crypto projects. (2) The network has already migrated over 12 million people, which on its own is already an achievement of scalability in the industry, especially given the natively built KYC and migration processes with no fiat cost for users. (3) When the migration condition for going to Open Network was set to be 10 million—striking a balance between the network’s need to transition to Open Network in a timely manner and inclusion of millions of Pioneers in the Mainnet—it was understood and expected that there would be people who need to migrate after Open Network launch."
-Completing initial migrations for Pioneers in the queue.
-Second migrations including referral bonuses.
-Ongoing Periodic Migrations.
Pi Tokenomics and Supply
Quote
"On Pi’s supply and allocations
The Maximum Supply of Pi is 100 billion tokens. The Maximum Supply is comprised of the following: 65 Billion tokens (or 65%) are allocated for all community mining rewards; 10 billion (10%) are allocated for foundation reserves; 5 billion (5%) are allocated for liquidity purposes; and 20 billion (20%) are allocated for the Core Team."
The Pi Mining Mechanism
They explained how pi distributes pioneers mined pi.
#PiCoreTeam
$ETH
$BNB
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