Cryptocurrencies

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What is PI? Detailed introduction to the online trading platform and total amount of PI coins

PI Network, a mobile cryptocurrency project, aims to democratize crypto mining by empowering smartphone users to contribute to its network and earn PI coins.

Oct 13, 2024 at 02:53 am

1. What is PI?

Pi Network is a mobile-based cryptocurrency project that aims to make cryptocurrency mining accessible to everyone with just a smartphone. It is powered by the Stellar Consensus Protocol and uses a distributed ledger technology known as Pi Chain.

2. How does PI Network work?

PI Network's mining process is divided into three phases:

Pioneer Phase: Users earn PI coins by contributing to the network's security by running the Pi Node software on their phones.
Contribution Phase: Users can earn additional PI coins by inviting new members to the network and for their contributions to the Pi ecosystem.
Pi Chain Phase: The Pi blockchain will be launched, and PI coins will become tradable.

3. Total Amount of PI Coins

The total supply of PI coins is capped at 100 billion, with the following distribution:

60% for Pioneers (those who mined PI during the Pioneer Phase)
25% for Contributors (those who joined during the Contribution Phase)
15% for the Core Team and Network Development

4. Online Trading Platform

目前，PI币尚未在任何交易平台上线，因此也无法进行交易。一旦进入交易阶段，预计将会陆续在各大交易所上线。您可以关注PI Network官方消息，及时了解最新动态。

5. Conclusion

PI Network is a promising cryptocurrency project that provides a unique opportunity for smartphone users to participate in cryptocurrency mining. The total supply of PI coins is capped, ensuring its potential value in the future. As the project progresses and more milestones are achieved, we can expect further announcements regarding the launch of the Pi blockchain and the availability of PI coins for trading.

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