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What is the issue volume of PI coin? One article introduces the application scenarios of PI coin
The estimated issue volume of Pi Coin ranges from 25 billion to 100 billion coins, considering factors such as initial cap, staking earnings, developer ecosystem, and team allocations.
Oct 12, 2024 at 09:36 am
What is the Issue Volume of Pi Coin?
The exact issue volume of Pi Coin is not publicly available, as the project is still under development. However, various sources have estimated the potential supply based on information from the whitepaper and development team.
1. Pi Network Whitepaper
According to the Pi Network whitepaper released in March 2021, the initial supply of Pi Coin would be capped at 100 billion (100,000,000,000) coins.
2. Staking Earnings
Pi Coin miners earn coins through staking, which contributes to the overall issue volume. The whitepaper suggests that around 20% of the capped supply may be distributed to miners through staking over an extended period.
3. Developer Ecosystem
The Pi Network intends to foster a developer ecosystem where applications and services are built on its blockchain. Some of these projects may receive a portion of the Pi Coin supply to facilitate their development and integration into the network.
4. Allocation for Core Team and Advisors
It is common practice for blockchain projects to reserve a portion of the token supply for the core team and advisors who contribute to its development and operation. The Pi Network may follow a similar approach, but the exact allocation is unknown.
Estimation of Issue Volume
Based on these factors, various estimates for the potential issue volume of Pi Coin have emerged:
- Low Estimate: Approximately 25 billion to 50 billion coins, assuming 20% to 50% of the initial supply is distributed to miners and developers.
- High Estimate: Close to the initial capped supply of 100 billion coins, as a significant portion may be reserved for the core team and ecosystem development.
It's important to note that these estimates are subject to change as the Pi Network project evolves and faces practical challenges. The final issue volume of Pi Coin will likely be determined closer to its official launch.
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