PI Notification Code of Pi Network: Analysis and Evaluation

Pi Network has developed into one of the most attractive cryptocurrency platforms in the decentralized finance sector, boasting over 60 million pioneering users. With the Open Network phase in operation, the project has transitioned from a closed ecosystem to a fully functioning blockchain, enabling the use of Pi tokens for transactions in the real world and integration into decentralized applications (dApps). The focus of the PI conversion process lies in the tokenomics of the Pi Network, the economic model governing the creation, distribution, and utility of $PI. Based on data from the Pi Core team, let's explore the basic details and current state of the asset. Supply and Allocate PI Notification Code As stated in the initial report of 2019, the tokenomics of Pi Network begins with a total supply of 100 billion PI. Below is the allocation analysis: Community of (80 billion Pi): Including mining rewards, referral bonuses, and ecosystem incentives for pioneering miners through mobile apps, node operation, or contribution to the development of the core network (20 billion Pi): This part is dedicated to developers and core operational teams, funding continuous development initiatives, infrastructure, and strategies such as partnership relations and ecosystem expansion. This structure reflects Pi's mission to democratize cryptocurrency. Unlike Bitcoin, where mining currently prioritizes those with significant computational power, Pi's mobile-first approach helps reduce barriers, distributing tokens widely to millions of users.

Mechanism of Inflation Reduction The foundation of Pi's tokenomics is a deflation mechanism designed to balance supply and demand over time. The mining rate, the reward that Pioneers earn daily by tapping into the app, will gradually decrease as the network expands. By January 2025, the baseline mining rate has halved multiple times, triggered by community growth milestones such as 1 million, 5 million, 10 million users. This simulates Bitcoin's halving events but links the reductions to adoption rather than a fixed schedule. With an open network and a large number of users, there is increasing speculation about the completion mechanism of the mining protocol. Although not explicitly detailed, this could mean that the mining phase is ending or shifting focus after the mainnet milestone. The reduced issuance aims to create scarcity, encouraging pioneers to hold or use Pi. PI Tokenomics And Utility Tokenomics is about utility. With the launch of the Open Network, Pi has transformed from a speculative currency in an app into a functional asset available on several exchanges. The platform focuses on creating an ecosystem where early adopters embrace the habit of using the $Pi currency. This aligns with events like Pifest, launching on March 14th, where active vendors accept Pi for goods and services. Another initiative promoting Pi utility is the .pi domain auction, requiring Pi to bid. These developments signal a move towards real-world application. Pi's tokenomics incentivize spending within the ecosystem. Furthermore, the ultimate goal is to turn Pi into a peer-to-peer currency that can compete with traditional payment systems, not just a store of value like most assets, including Bitcoin. End Despite promises, Pi's tokenomics face close scrutiny. Posts on X reflect mixed feelings: some Pioneers celebrate utility milestones, while others question the 20% ownership concentration of the Core Team or transparency around future supply adjustments, with just under 7 billion in circulation. Additionally, some criticize the return of Pi not moved to the app. Some even claim their moved assets are marked as not moved, calling it a glitch in the Pi Network system. In all cases, there are still questions: Will the mining reward stop completely? Can lost Pi be replaced to maintain circulation, as suggested in the whitepaper? The tokenomics of Pi Network is a living system ready for evolution. The deflationary model and focus on utility lay a solid foundation, but success depends on implementation and trust. If Pifest expands the scale of dApp providing effective use cases and decentralized control nodes, Pi could soon become a valuable asset. Currently, the team is focusing on refining the infrastructure (nodes, mining), and promoting commercial usage (and habits). Pioneers and observers closely monitor the real-time development of Pi's tokennomics on the Open Network.