Foji 1961

There’s no official confirmation from the Pi Network Core Team that a deliberate "coin burn" program has started for PI coins as of today, March 18, 2025. However, there are mechanisms and events tied to the Pi Network that have led to speculation and discussion about coin burning, particularly around reducing the total supply.
In the Pi Network ecosystem, coins can be removed from circulation in a few ways that might be interpreted as "burning." For example, transaction fees on the Pi blockchain, which is built on the Stellar protocol, are collected and removed from circulation, effectively "burned" to manage inflation. Posts on X from early March 2025 suggest that around 528,671 PI had been burned this way by then, with an estimated 3,000–4,000 PI burned daily. This isn’t a new "start" to burning but rather an ongoing feature of the network’s design since its mainnet launch.
Additionally, PI coins tied to unverified accounts—those that failed to complete the Know Your Customer (KYC) process—may also be removed from circulation. The KYC process has been a critical step for users to migrate their coins to the mainnet, which officially opened on February 20, 2025. Some sources, including posts on X, indicate that unclaimed or unverified PI from accounts that missed KYC deadlines (like the grace period ending December 30, 2024) has been burned, reducing the total supply. A recent X post from today, March 18, 2025, claims the total supply dropped to 6.99 billion, hinting at a significant reduction possibly linked to these unverified accounts.
That said, the Pi Network team has not explicitly announced a formal coin burn event beyond these mechanisms. Unlike some cryptocurrencies that schedule burns to reduce supply intentionally, Pi’s reductions seem tied to operational rules (e.g., fees, KYC failures) rather than a new initiative starting now. The sentiment on X and some web discussions suggest excitement about a shrinking supply, but without an official statement, it’s unclear if this reflects a recent change or just the cumulative effect of existing policies.
So, to answer your question: PI coins have been "burning" in the sense of being removed from circulation through fees and unverified account losses, but there’s no evidence of a new, specific "burn start date" beyond what’s been happening since the mainnet went live. Keep an eye on official Pi Network channels for any updates, as the situation could evolve!
#pi #Binance #BinanceSquareTalks There’s no official confirmation from the Pi Network Core Team that a deliberate "coin burn" program has started for PI coins as of today, March 18, 2025. However, there are mechanisms and events tied to the Pi Network that have led to speculation and discussion about coin burning, particularly around reducing the total supply.
In the Pi Network ecosystem, coins can be removed from circulation in a few ways that might be interpreted as "burning." For example, transaction fees on the Pi blockchain, which is built on the Stellar protocol, are collected and removed from circulation, effectively "burned" to manage inflation. Posts on X from early March 2025 suggest that around 528,671 PI had been burned this way by then, with an estimated 3,000–4,000 PI burned daily. This isn’t a new "start" to burning but rather an ongoing feature of the network’s design since its mainnet launch.
Additionally, PI coins tied to unverified accounts—those that failed to complete the Know Your Customer (KYC) process—may also be removed from circulation. The KYC process has been a critical step for users to migrate their coins to the mainnet, which officially opened on February 20, 2025. Some sources, including posts on X, indicate that unclaimed or unverified PI from accounts that missed KYC deadlines (like the grace period ending December 30, 2024) has been burned, reducing the total supply. A recent X post from today, March 18, 2025, claims the total supply dropped to 6.99 billion, hinting at a significant reduction possibly linked to these unverified accounts.
That said, the Pi Network team has not explicitly announced a formal coin burn event beyond these mechanisms. Unlike some cryptocurrencies that schedule burns to reduce supply intentionally, Pi’s reductions seem tied to operational rules (e.g., fees, KYC failures) rather than a new initiative starting now. The sentiment on X and some web discussions suggest excitement about a shrinking supply, but without an official statement, it’s unclear if this reflects a recent change or just the cumulative effect of existing policies.
So, to answer your question: PI coins have been "burning" in the sense of being removed from circulation through fees and unverified account losses, but there’s no evidence of a new, specific "burn start date" beyond what’s been happening since the mainnet went live. Keep an eye on official Pi Network channels for any updates, as the situation could evolve!
#Binance #pi #BinanceSquareTalks #shareyourthought

In appreciation of our creators’ contributions to Binance Square, we are thrilled to introduce our brand-new Tiered Rewards Promotion for all Binance Square Creators!  
✍️Eligibility
To qualify, you must:
Complete account verification.Set up a profile on Binance Square (i.e., avatar, nickname).Regular organic posts and engagements on Binance Square in the past 30 days.Adherence to Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.
*Binance Square reserves the right to review and possibly revoke eligibility based on violation records, if any.

💰Rewards Structure
The rewards you unlock on Binance Square rise with your follower count on Binance Square, as detailed in the table below. 
List of Requirements & Benefits:

Note: 
Creators will receive a total of 3 USDT spot trading fee rebate vouchers, valued at $100, $500, and $1,000. These are granted as they hit follower counts of 10,000, 30,000, and 100,000 on Binance Square, respectively.

🌟Reward Evaluation & Distribution
Reward eligibility is evaluated monthly (in the first week of the following month), the turnaround time might vary depending on the amount of eligibility. Creators who hit 1,000 or more followers and meet all criteria will earn related benefits in the following month. We'll notify eligible creators via a Square Assistant push.
Rewards distribution:
Binance Square team will adjust spot referral commission to 41% for qualified creators within 15 working days after the end of each calendar month.Access to Tipping, Binance Live, and Verification Checkmark will be granted within 15 working days after the end of each calendar month.USDT Spot trading fee rebate voucherVouchers are issued to eligible creators within 15  working days after the end of each calendar month. After issuance, redeem them within 7 days at the  [[Reward Center](https://www.binance.com/en/my/coupon)]. All the Trading Fee Rebate Vouchers are valid for 14 days once activated. For voucher usage, refer to the Trading Fee Rebate Voucher Terms.Dedicated account managers' contact information will be sent to eligible creators via a Square Assistant push within 15  working days after the end of each calendar month.  Additional commission rewards for the previous Write to Earn campaign will be settled within 15 working days post-campaign in FDUSD token vouchers. The vouchers will expire 14 days after distribution. Eligible users should claim their voucher rewards before the expiration date. Commission rewards for the ongoing Write to Earn promotion shall follow this rule.More information on the remaining benefits (e.g., priority consideration for paid projects and collaborations, Holiday Binance merchandise etc.) will be shared to creators via a Square Assistant push.

Terms & Conditions:
This promotion may not be available in your region. Only accounts that publish content organically on Binance Square will count as qualified creators. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Creators must have no violations and are required to create at least one post per week to maintain eligibility. Binance Square reserves the right to review and possibly revoke eligibility if a creator fails to meet the requirement or has violation records, if any.