Pi network is considered to be the future of digital world. It has a strong community of its loyal users who are patiently waiting for the listing since 2019. Experts are also very much optimistic about Pi Network And predicts high prices. According to crypto community, Pi is a revolution in digital world.
Tokenomics
As of October 29, 2024, Pi Network has a total supply of 68 million tokens, out of a maximum possible 100 billion tokens, which is the total supply of Pi coins. Out of the total mined Pi, 80% is locked for three years ‘vesting period’ to keep its value stable. The other 20% is granted to the Pi core team, out of which 65% will be used for mining rewards, 10% for growing the ecosystem, and 5% for providing liquidity on exchanges.
Pi Coin Distribution
Various factors, such as the mainnet launch, user adoption, and the effect of the vesting period, will play a pivotal role in deciding its value. If the vesting period is too ‘restrictive’, it could limit liquidity and hinder price growth. On the flip side, if too many coins are released too quickly, it could lead to a major drop in price due to oversupply.
Conclusion
As per my view, we should just keep mining patiently as we have been doing instead of fighting for prices and all. Pi is a great opportunity for the people who missed Bitcoin in its initial stage.