Pi Tokenomics and Supply
In light of the migration discussion, it is important to remind Pioneers and inform the general public about Pi’s tokenomics and mining mechanism, which were defined in more detail in the Whitepaper in 2021. About Pi’s Supply and AllocationsPi’s Maximum Supply is 100 billion tokens. The Maximum Supply is composed of the following elements: 65 billion tokens (or 65%) are allocated to all community mining rewards; 10 billion (10%) are allocated to foundation reserves; 5 billion (5%) are allocated to liquidity purposes; and 20 billion (20%) are allocated to the Core Team. Each allocation mentioned above tracks the pace of issuance of community Migrated Mining Rewards, so the proportions of each allocation in the total supply remain the same at any given time. Pi’s Total Effective Supply—the total supply of Pi at the current time—proportions allocations equally to the Maximum Supply. Since each allocation tracks the community’s Migrated Mining Rewards, the Total Effective Supply can be calculated by dividing the current Migrated Mining Rewards of Pi on the Mainnet blockchain by 65%. Other allocations within the Total Effective Supply can then be calculated based on the same proportions as the Maximum Supply, for example at most 10% of the Total Effective Supply is available in the Foundation Reserve, 5% of the Total Effective Supply is available for liquidity purposes, and 20% of the Total Effective Supply is available to the Core Team. This remains true despite the fact that all tokens were minted at the beginning, as technically required by the blockchain protocol. The allocation structure itself ensures the unbiased role of any process that impacts the migration rate since all other allocation buckets track the pace of Migrated Mining Rewards.It was intentionally designed to align the interests of all parties in the network so that as many Pioneers and Pi as possible are brought to the Mainnet.#PiCoreTeam #PiMainetLaunch