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Understand the issuance price and total issuance of PI coins in one article
The total issuance of PI Network coins will be approximately 24 billion, with 70% distributed to active users who contribute to its growth.
Oct 17, 2024 at 10:36 am
Understanding the Issuance Price and Total Issuance of PI Network Coins
1. Issuance Price
The PI Network has not yet announced an official issuance price for its coins. The price of PI coins will be determined by market forces when (or if) the mainnet is launched and the coins are made available for trading.
2. Total Issuance
According to the PI Network Whitepaper, the total issuance of PI coins will be approximately 24 billion. This number is subject to change based on the number of active users and the growth of the network.
Distribution of PI Coins:
The distribution of PI coins will be as follows:
- 70% - Pioneers (users who join the network and contribute to its growth)
- 15% - Core Team (developers and administrators of the network)
- 10% - Ecosystem (reserved for future ecosystem development and partnerships)
- 5% - Founding Contributors
3. Mining and Minting
Mining:
- Pioneers can "mine" PI coins by running the PI Network mobile app on their smartphones.
- The mining rate is based on the user's level (Newbie, Pioneer, Ambassador, etc.) and the number of active referrals they have.
Minting:
- Once the mainnet is launched, users will be able to "mint" (forge) their mined PI coins into actual coins that can be bought, sold, or traded.
- The minting process will involve securing the network through a proof-of-work (PoW) consensus mechanism.
4. Future Value of PI Coins
The future value of PI coins is highly speculative. It will depend on the success of the PI Network, the adoption of its coins by users and businesses, and the overall cryptocurrency market conditions.
Factors that could influence the value of PI coins:
- The strength of the PI Network's community
- The growth and development of the PI Network ecosystem
- The utility and demand for PI coins within the ecosystem
- The adoption of PI coins by mainstream users and exchanges
- The regulatory landscape for cryptocurrencies
It is important to note that the PI Network is still in its early stages of development, and there is no guarantee that it will succeed or that its coins will have any value.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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