Pi Network Whitepaper New chapters 2022

Pi Network Whitepaper New chapters 2022

Pi Network whitepaper New parts

Pi Network whitepaper New parts, 2022 New Update Find Bellow, Below is the new draft of the Pi supply and Pi Mining segments of our whitepaper delivered in December 2021. Pi Mining will go on in the Mainnet stage however with a Pi Mining, rate powerfully changed inside the restricted inventory.

For additional subtleties, read the new whitepaper segments that survey how supply and Pi Mining functioned before Mainnet and portray how and why they will change at Mainnet. We likewise keep the recently delivered Roadmap section at the base for reference. Your criticism is welcome before we update the authority whitepaper on our site when Open Network starts.

Token Model and Pi Mining

A thoroughly examined, sound symbolic plan is basic to the accomplishment of a digital money organization. It can possibly make motivating forces to bootstrap network development and development, assemble a utilities-driven environment, and consequently support the cryptographic money supporting such a framework. What an organization boosts says a ton regarding what an organization needs-for instance, network development or basics driven utility creation, a simple store of significant worth, or a vehicle of trade for the crypto local biological system.

This part covers the inventory of Pi and how Pioneers can mine Pi in various periods of the organization, and the fundamental plan reasoning for various Pi Mining instruments including building and developing the organization and boosting utilities and request. Note that Pi is a layer one digital money running all alone blockchain, which “token” here alludes to.

Pi Supply

Pi Network’s vision is to assemble the world’s most comprehensive shared economy and online experience, powered by Pi, the world’s most broadly utilized digital money. To follow through on this vision, it is essential to develop the organization and make Pi broadly available while keeping up with the security of the blockchain and the shortage of Pi.

While these objectives Pi Network whitepaper New parts have consistently directed the symbolic stock model and Pi Mining plan, the key Pi Network whitepaper New sections differentiation is: the pre-Mainnet stages zeroed in on driving organization development and broadly appropriating Pi and the Mainnet stage will zero in on compensating more assorted types of Pioneer commitments while establishing the inventory of Pi.

Pre-Mainnet Supply

In the beginning phases, the focal point of Pi Network was on developing and getting the organization. Bootstrapping to construct a minimum amount of members is vital to any organize and biological system. Driven by the vision to make Pi the world’s most broadly utilized digital money, conveying Pi and making it open internationally additionally added to the attention on development.

Pi’s agreement calculation depends on a worldwide trust chart, which is collected from the Security Circles of individual Pioneers. It was, consequently, Pi Network whitepaper New sections basic to boosting Pioneers to frame individual Security Circles. This implied a stock of tokens accessible as Pi Mining rewards that were not expressly covered before Mainnet.

Simultaneously, keeping a specific shortage of Pi was significant. As clarified under the Pi Mining area, the organization embraced a Pi Mining instrument where the organization Pi Mining rate parts each time the organization size increments by multiple times, bringing about a progression of splitting occasions when it arrives at different achievements of connected Pioneers. The following splitting occasion in view of this model would be the point at which the organization arrives at 100 million drew in Pioneers. As of now, we are north of 30 million drew in Pioneers.

The organization additionally held a choice to shut down all Pi Mining by and large in the Pi Network whitepaper New sections occasion that the organization arrived at a specific size, which was, in any case, not really set in stone. The choice to cover the inventory of Pi was not practiced before Mainnet, in this manner leaving the all out supply vague.

The pre-Mainnet supply model with a Pi Mining component custom-made to availability, development, and security has bootstrapped a local area of north of 30 million drew in Pioneers with a large number of interlaced Security Circles. A straightforward, available means to mine Pi on a cell phone disseminated the tokens generally all through the world, including among populaces that have been avoided with regard to the Pi Network whitepaper New sections crypto insurgency on account of an absence of capital, information, or innovation.

In doing as such, the organization stayed away from the outrageous abundance fixation obvious in Bitcoin and other digital forms of money, setting itself up to turn into a genuine distributed decentralized environment with an adequately huge volume of members and exchanges for utility creation.

Mainnet Supply

Mainnet Supply

Supply fills development and boosts important commitments to the organization to accomplish a naturally reasonable environment. With that in mind, Pi Mining prizes will go on after Mainnet however will take assorted structures to boost various kinds of commitments, which will be clarified in the Pi Mining area beneath. With respect to supply, the dubious stock due to the pre-Mainnet Pi Mining component that streamlines for availability and development of the organization presents a couple of issues for the Mainnet stage, remembering eccentricism for arranging, over-fulfilling, and under-remunerating various kinds of vital commitments in the new stage, and difficulties to shortage.

To resolve these issues, the organization will move from its pre-Mainnet supply model which is totally Pi Network whitepaper New parts reliant upon network conduct to the Mainnet supply model where there is a reasonable most extreme stock.

The issue of flightiness for arranging in the pre-Mainnet supply model surfaced in Pi Network’s first COiNVENTION in September-October 2020 where the local area board and local area entries talked about whether Pi Mining ought to be split or halted at the organization size of 10 million at that point. The assorted voices of local area individuals introduced the accompanying predicament for the organization.

Assuming Pi Mining proceeded in light of the continuous (pre-Mainnet) Pi Mining instrument, then, at that point, it raised worries for the stockpile because of vulnerability, and in this manner, the shortage of Pi. Be that as it may, assuming Pi Mining halted, it would hurt the development of the organization and keep new Pioneers from joining the organization Pi Network whitepaper New sections as diggers, in this manner support Mining the openness of Pi. Despite the fact that the organization continued on from that choice and divided the Pi Mining rate at its 10 Million sizes, this situation actually remains and should be settled.

How the local area can accomplish proceeded with development and openness while tending to worries about supply is one of the primary variables considered in the plan of the Mainnet token model. What’s more, the indistinct and erratic complete stockpile makes it difficult to have by and large organization token arranging on the grounds that the local area as a group and the biological system itself have expected to utilize some Pi Network whitepaper New parts Pi for purposes that benefit the local area and environment all in all, other than just Pi Mining compensations for people,

As confirmed by pretty much every other blockchain network. Clear portions for such aggregate local area purposes should be characterized. Henceforth, given the current organization size of north of 30 million Pioneers and the normal volume of exchanges and exercises later on, the Mainnet supply model has a reasonable most extreme absolute stockpile of 100 billion Pi permitting boost of proceeded with development and new commitments while eliminating the worries regarding the flightiness of the inventory.

The stockpile dissemination will respect the first dispersion guideline in the March 14, 2019, white paper-the Pi people group has 80% and the Pi Core Team has 20% of the absolute circling supply of Pi, paying little mind to how much coursing supply there is in the Pi Network at some random moment. Consequently, given an absolute max supply of 100 billion Pi, the local area will ultimately get 80 billion Pi and the Core Team will ultimately get 20 billion Pi. The accompanying pie diagram portrays the general conveyance.

The Core Team’s designation gets opened at a similar speed as the local area dynamically mines increasingly more Pi and might be dependent upon extra lockup through a purposeful command. This intends that if the local area Pi Network whitepaper New parts have a piece of its assignment available for use (for instance, 25%), just the relative sum in Core Team’s distribution (in this model, 25%) can get opened all things considered.

This appropriation above shows that Pi Network doesn’t have any distribution for ICO and isn’t running any sort of crowdfunding deals of Pi. In this manner, any pantomime of Pi Network or its authors to direct a deal or posting is illicit, unapproved, and counterfeit. These impersonators have no connection with Pi Core Team. Trailblazers Pi Network whitepaper New sections ought to be careful with any tricks and not take an interest. Pi can be mined openly by adding to the biological system. Further, everything mined Pi must be asserted from inside the Pi App through the Mainnet dashboard and afterward moved into your Pi wallet. Any site requesting that Pioneers guarantee Pi in different means is phony.

The 80% of the local area supply is additionally separated into 65% distributed for all past and future Pioneer Pi Mining rewards, at address GBQQRIQKS7XLMWTTRM2EPMTRLPUGQJDLEKCGNDIFGTBZG4GL5CHHJI25 on the Mainnet, 10% saved for supporting local area Pi Network whitepaper New sections association and environment constructing that will ultimately be overseen by a Pi Foundation,

A non-benefit association later on, at address GDPDSLFVGEPX6FJKGZXSTJCPTSKKAI4KBHBAQCCKQDXISW3S5SJ6MGMS, and 5% saved for the liquidity pool to give liquidity to Pioneers and designers in the Pi environment at address GB7HLN74IIY6PENSHHBBJJXWV6IZQDELTBZNXXORDGTL75O4KC5CUXEV. The accompanying table portrays the local area supply circulation:

Community AllocationsPi Community Distribution (Out of Projected 80 Billion Pi Total)
Pre-Mainnet Pi Mining Rewards20 billion Pi (approx.)
Mainnet Pi Mining Rewards45 billion Pi (approx.)
Liquidity Pool reserve5 billion Pi (approx.)
Foundation reserve (Grants, Community events, etc.)10 billion Pi (approx.)

65 Billion Pi will be distributed for all Pi Mining rewards-both past and future Pi Mining. For past Pi Mining rewards, the unpleasant amount of all Pi mined by all Pioneers up until this point (before Mainnet) is around 30 Billion Pi. Notwithstanding, subsequent to disposing of Pi mined by counterfeit records and relying upon the speed and investment of Pi KYC, the pre-Mainnet mined Pi toward the start of the Open Network can be assessed to go from 10 to 20 Billion. The excess sum in the 65 billion Pi supply for Pi Mining prizes will be circulated Pi Network whitepaper New sections to Pioneers through the new Mainnet Pi Mining system with applied yearly stock cutoff points.

Such yearly stockpile cutoff points will be resolved in light of a declining recipe. As far as possible might be figured on a more granular premise, for example, continuously or by a much more modest time age powerfully, contingent upon elements like the lockup proportion and the excess stockpile of the organization at that point. Such computation of supply limits in light of granular time ages accomplishes a superior and more smooth assignment bend through time. For effortlessness here, how about we guess that the time age is yearly.

The declining equation would imply that the yearly inventory limit for the primary year of new Mainnet Pi Mining will be higher than for the subsequent year, the second year’s higher than the third year’s, etc. The yearly declining equation and these numbers should be settled nearer to the send off of the Open Network time of Mainnet once we will have perceived the number of Pioneers have Pi KYC’ed and the amount of their mined Pi they have moved into Mainnet.

At Mainnet, Pioneers will be compensated for their proceeded with commitments to the development and security of the organization. As clarified in the Pi Mining segment, Pioneer prizes will be additionally expanded on the grounds that the organization needs more assorted and top to bottom commitments connected with application utilization, hub activity, and Pi lockup. Pre-Mainnet Pioneers will keep on adding to Pi and mine from the Mainnet Pi Mining rewards, alongside any new individuals joining the organization, to guarantee the development and life span of the organization.

10 Billion Pi will be saved for local area association and environment constructing that is destined to be, later on, oversaw by a non-benefit establishment. Most decentralized organizations or digital currencies, despite the fact that they are decentralized, Pi Network whitepaper New sections actually need an association to arrange the local area and set the future course of the biological system, e.g., Ethereum and Stellar.

The future Pi Foundation will

(1) put together and support local area occasions, like engineer shows, worldwide web-based occasions, and nearby local gatherings,

(2) put together volunteers and advisory group individuals, and pay all day workers who are devoted to building the local area and environment,

(3) assemble feelings and input from the local area,

(4) put together future local area votings,

(5) form marking and safeguard the standing of the organization,

(6) address the organization to cooperate with other business substances including state run administrations, conventional banks, and customary undertakings, or

(7) satisfy quite a few responsibilities regarding the betterness of the Pi people group and environment. Further, to construct a utilities-based Pi biological system, different local area improvement projects will be planned, made, and did by the establishment to help local area designers in the types of awards, brooding periods, organizations, and so forth

5 billion Pi will be saved for liquidity pools to give liquidity to any biological system members, including Pioneers and Pi applications engineers. Liquidity is key for a biological system to be feasible, dynamic, and solid. If organizations or Pi Network KYC whitepaper New sections people need to partake in biological system exercises (e.g., by selling and purchasing labor and products in Pi), they should have convenient admittance to Pi. Without liquidity, the environment won’t have a sound progression of Pi, subsequently hurting the making of utilities.

As talked about in the Roadmap part, one advantage of the Enclosed Network time of the Mainnet is to permit alignments on the symbolic model, if any, in view of the early Mainnet results. In this way, the symbolic model is liable to tweaking before the Open Network time frame begins. Additionally, later on, for the soundness of the organization and environment, Pi Network whitepaper New parts the organization might confront questions, for example, regardless of whether there should be any expansion after the culmination of the dissemination of the 100 Billion Pi.

The expansion might be important to advance boost commitments through more Pi Mining rewards, compensate for any deficiency of Pi from course because of mishaps or passing, accommodate greater liquidity, relieve accumulating that represses utilization and utility creation, and so forth Around then, the establishment and its panels accomplished in these issues Pi Network whitepaper New parts will sort out and direct the local area to arrive at a resolution regarding this situation in a decentralized manner.

Pi Mining Mechanism

Pi Network’s Pi Mining system has been permitting Pioneers to add to the development, circulation, and security of the organization and be compensated in Pi meritocratically. The pre-Mainnet Pi Mining instrument has assisted the organization with accomplishing a great development of more than 30 million drew in individuals, a broadly conveyed cash and Testnet, and a trust diagram of Security Circle totals that will take care of the agreement calculation of the Pi blockchain.

Looking forward into the Mainnet stage, Pi Network needs further commitments, as well as additional different sorts of commitments from every one of its individuals, to turn into a genuine economy while proceeding with its development and consideration. In the Mainnet stage, we need to additionally accomplish decentralization, utilities, steadiness, and life span, notwithstanding development, consideration, and security. These objectives must be accomplished assuming that all Pioneers in the organization cooperate. Subsequently, the new Pi Mining system is intended to accomplish these objectives by boosting all Pioneers to contribute differently to the organization in light of a similar meritocratic standard. Underneath, we initially portray the pre-Mainnet Pi Mining equation, trailed by the progressions in the Mainnet recipe.

Pre-Mainnet Formula

The pre-Mainnet Pi Mining equation shows a meritocratic assurance of a Pioneer’s hourly Pi Mining rate. Effectively Pi Mining Pioneers got essentially a base rate and were additionally compensated for their commitments to the security Pi Network whitepaper New sections and the development of the organization. The accompanying recipe decided the rate at which Pioneers mined Pi each hour:

M = I(B, S) + E(I), where

  • M is the complete Pioneer Pi Mining rate,
  • I is the Individual Pioneer base Pi Mining rate,
  • B is the systemwide base Pi Mining rate,
  • S is the Security Circle reward, which is a part of the singular Pioneer base Pi Mining rate from legitimate Security Circle associations, and
  • E is the Referral Team prize from dynamic Referral Team individuals.

The systemwide base Pi Mining rate B began as 3.1415926 Pi/h and divided each time the organization of Engaged Pioneers expanded in size by a variable of 10x, beginning at 1000 Pioneers. As recorded beneath, there have been five dividing occasions up to this point:

Engaged Pioneers MilestoneValue of B (in Pi/hr, rounded to two decimals)Value of I, with full Security Circle (in Pi/hr, rounded to two decimals*)
< 1,0003.146.28
1,0001.573.14
10,0000.781.57
100,0000.390.78
1,000,0000.190.39
10,000,0000.100.19

Here,

  • I(B,S) = B + S(B)
  • S(B) = 0.2 • min(Sc,5) • B, where
    Sc is the count of valid Security Circle connections.
  • E(I) = Ec • I(B,S) • 0.25, where
    Ec is the count of active Referral Team members who mine concurrently.

The Pi Mining formula can also be written as a multiple of B:

  • M = I(B,S) + E(I)
  • M = [B + S(B)] + [Ec • I(B,S) • 0.25], or
  • M = [B + {0.2 • min(Sc,5) • B}] + [Ec • 0.25 • {B + {0.2 • min(Sc,5) • B}}], or
  • M = B • [1 + {0.2 • min(Sc,5)} + {Ec • 0.25 • {1 + 0.2 • min(Sc,5)}}], or
  • M = B • [(1 + Ec • 0.25) • {1 + 0.2 • min(Sc,5)}]

Pre-Mainnet Systemwide Base Pi Mining Rate

Each dynamic Pioneer got essentially the framework wide base Pi Mining rate (B). That is, if Sc = 0 and Ec = 0 in the Pi Mining recipe above, then, at that point, M = B. Regardless, the all out Pioneer Pi Mining rate was a different of the systemwide base Pi Mining rate. The worth of B not entirely settled before the Mainnet, and as displayed in the table above, it changed just multiple times. The maximum inventory was unsure because of the powerful advancement of the pre-Mainnet Pi Mining component, for example how huge the organization

Pi Network whitepaper New parts and how quick the organization comes to the following dividing occasion. It would possibly be resolved when B dropped to 0. Nonetheless, as clarified in the following segment, the worth of B at Mainnet is determined progressively, powerfully changing in view of the absolute yearly Pi supply and the all out Pi Mining coefficient across every one of the Pioneers. The stockpile of Pi is limited at Mainnet.

Security Circle Reward

Pi’s agreement calculation depends on a worldwide trust diagram, which is amassed from the large numbers of entwining Security Circles of individual Pioneers. In this way, a Pioneer was compensated with extra Pi each hour for each new legitimate Security Circle association, up to 5 such associations. The Security Circles are so vital to the security of the Pi blockchain that the Security Circle reward raised the absolute Pioneer Pi Mining rate in two ways:

  • by straightforwardly adding to the singular Pioneer base Pi Mining rate (I), and
  • by helping the Referral Team reward, if any.

Indeed, a full Security Circle-that is, having somewhere around five legitimate associations multiplied both the singular Pioneer base Pi Mining rate and the Referral Team reward.

Reference Team Reward

Trailblazers can likewise welcome others to join Pi Network and structure their Referral Team. The inviter and invitee share an equivalent split of the Referral Team extra rewards, that is a 25% lift to their separate individual Pioneer base Pi Mining rates, at whatever point both are Pi Mining simultaneously. Trailblazers mined more Pi each hour Pi Network whitepaper New parts with each simultaneously Pi Mining Referral Team part. This Referral Team reward perceived the Pioneers’ commitment to the development of the organization and the dissemination of the Pi token.

Mainnet Pi Mining Formula

The objectives of the Mainnet stage are to gain further headway in decentralization and utilities, guarantee steadiness and life span, and hold development and security. The new equation, as composed underneath, boosts more different commitments of Pioneers to help these Mainnet Pi Network whitepaper New sections objectives while holding the impetuses to get and develop the organization. As in the past, it is meritocratic and communicated as the rate at which Pioneers mine Pi each hour.

M = I(B,L,S) + E(I) + N(I) + A(I) + X(B), where

  • M is the total Pioneer Pi Mining rate,
  • I is the individual Pioneer base Pi Mining rate,
  • B is the systemwide base Pi Mining rate (adjusted based on the available pool of Pi to distribute for a given time period),
  • L is the lockup reward, which is a new component of the individual Pioneer base Pi Mining rate,
  • S is the the Security Circle reward, which is a component of the individual Pioneer base Pi Mining rate from valid Security Circle connections the same way as in the pre-Mainnet Pi Mining formula,
  • E is the Referral Team reward from active Referral Team members the same way as in the pre-Mainnet Pi Mining formula,
  • N is the Node reward,
  • A is the Pi apps usage reward, and
  • X are new types of contributions necessary for the network ecosystem in the future, which will be determined later, but will also be designed as a multiple of B.

To put it plainly, S and E continue as before as in the pre-Mainnet Pi Mining recipe, while new rewards like L, N, and A have been added to the current equation. L is added as a component of I; N and An are added as extra rewards determined in light of me. At the end of the day, the organization actually compensates development through E and security through S, while

Pi Network whitepaper New sections boost Pioneers’ commitments to running hubs for decentralization through N, utilizing applications for utility creation through A, and securing for solidness, particularly during the underlying years through L. Further, new kinds of remunerations to Pioneers through X in the future might be added for building a completely working environment, for example, awards for Pioneer designers making fruitful Pi applications. B keeps on existing throughout a significant stretch of time while having a yearly cap to guarantee the life span of organization development while keeping up with shortage. Indeed, every one of the prizes can be communicated in B as follows.

Here,

  • I(B,L,S) = B + S(B) + L(B)
  • S(B) = 0.2 • min(Sc,5) • B, where
  • Sc is the count of substantial Security Circle associations.
  • E(I) = Ec • 0.25 • I(B,L,S), where
  • Ec is the count of dynamic Referral Team individuals.
  • L(B) = Lt • Lp • log(N) • B, where
  • Lt is a multiplier relating to the length of a lockup,
  • Lp is the extent of Pioneer’s mined Pi on the Mainnet that is secured with the greatest being 200%, and
  • N is the all out number of Pioneer’s Pi Mining meetings going before the current Pi Mining meeting.
  • N(I) = node_factor • tuning_factor • I, where
  • Node_factor = Percent_uptime_last_1_days • (Uptime_factor + Port_open_factor + CPU_factor), where

Uptime_factor = (Percent_uptime_last_90_days + 1.5Percent_uptime_last_360_days(360-90) + 2 Percent_uptime_last_2_years + 3Percent_uptime_last_10_years), Port_open_factor = 1 + percent_ports_open_last_90_days + 1.5percent_ports_open_last_360_days + 2* percent_ports_open_last_2_years + 3percent_ports_open_last_10_years, CPU_factor = (1 + avg_CPU_count_last_90_days + 1.5avg_CPU_count_last_360_days + 2* avg_CPU_count_last_2_years + 3*avg_CPU_count_last_10_years)/4.

  • Percent_uptime_last_*_days/years is the percentage of the last * time period when the individual Node was live and accessible by the network.
    percent_ports_open_last_*_days/years is the percentage of the last * time period when the ports of the individual Node were open for connectivity to the network.
    avg_CPU_count_last_*_days/years is the average CPU that the individual Node provided to the network during the last * time period.
    tuning_factor is a statistical factor that normalizes the node_factor to a number between 0 and 10.
  • A (I)* =
    log [
    Σ_across_apps {
    log(time_spent_per_app_yesterday_in_seconds)
    }
    ] •
    log [ log(
       0.8 • avg_daily_time_across_apps_last_30_days +
       0.6 • avg_daily_time_across_apps_last_90_days +
       0.4 • avg_daily_time_across_apps_last_180_days +
       0.2 • avg_daily_time_across_apps_last_1_year +
       0.1 • avg_daily_time_across_apps_last_2_year
    ) ] • I

    time_spent_per_app_yesterday_in_seconds is, for each Pi app, the total amount of time in seconds that the Pioneer spends using the app on the prior day.
    Σ_across_apps sums up the logarithmic value of the Pioneer’s time_spent_per_app_yesterday_in_seconds across all the Pi apps.
    avg_daily_time_across_apps_last_* is the average daily time in seconds the Pioneer spends across all the Pi apps in the aggregate during the last * time period.

    * Note that when any of the logarithmic functions returns an undefined value or a value below 0 (that is, when, the input to the logarithmic function is below 1), the formula resets the value of the logarithmic function to be 0 in order to avoid negative Pi Mining rewards or an error in the function.
  • X(B) is to be determined in the future based on the new types of contributions, but will be a multiple of B and kept within the yearly supply limit along with other rewards.

As shown above, the expressions of S and E remain the same as in the pre-Mainnet Pi Mining formula, and will not be explained further here. Next, we will focus on explaining the changes to B, changes to me through L, and the additions of N and A.

Systemwide Base Pi Mining Rate

Like in Pre-Mainnet Pi Mining, all of the terms in the Mainnet Pi Mining formula above can be expressed in Pi per hour and are designed to be a multiple of B. Hence, the equation can also be re-written as below. Every Pioneer can Pi Network whitepaper New chapters mine at least the Systemwide Base Pi Mining Rate every day, and will be able to mine at a higher rate if they also have other types of contributions that are calculated as multiples of B.

M = B • (1 + S + L) • (1 + N + E + A + X)

Unlike in pre-Mainnet Pi Mining, B in Mainnet Pi Mining as in the formula above is no longer a constant across all Pioneers at a given point in time, but is calculated in real-time and dynamically adjusted based on a yearly supply cap.

Given a yearly supply limit, it is impossible to keep a constant B like in the pre-Mainnet period because it’s unpredictable how much each Pioneer mines and how many Pioneers are actively Pi Mining during a period of time. The pre-Mainnet model was designed to incentivize growth during the beginning years of the Pi Network whitepaper New chapters bootstrap the network. As the network achieves a certain scale, it also needs to ensure the overall health of the ecosystem.

Therefore, an exponential issuance of the tokens through exponential network growth and a constant Pi Mining rate does not make sense any longer. The shift of B from being a constant to being dynamically adjusted throughout the year results from the need to incentivize Pioneers’ contributions meritocratically but also to keep the total rewards within a limit.

Thus, to solve the yearly limit problem while ensuring fairness for whoever mined Pi, B of a given day in the year is calculated as below. Here a day is defined as the last 24 hours before the moment a Pioneer starts a new Pi Mining session. Hence, different Pioneers will have slightly different days relative to their time of Pi Mining, and thus,

potentially a slightly different B based on the calculation below. Each Pioneer’s B of their day stays constant through their Pi Mining session, that is, over the next 24 hours from the moment they start their Pi Mining session. Bis calculated as follows:

  • Divide the remaining total Pi supply of the year by the number of days left in the year to get day_supply based on the remaining yearly supply,
  • add the multiples of B from all Pioneers actively Pi Mining within the last 24 hours, which represents a diverse set of Pioneers’ contributions, in the Mainnet Pi Mining formula above to get the sum_of_B_multiples of the whole network for that 24-hour window, and
  • further divide day_supply by sum_of_B_multiples and 24 hours to get B of that specific Pi Mining session.

Hence, for a given day of the year,
B = day_supply / (sum_of_B_multiples • 24h)

Under this framework, B on different days of the year will be different depending on how many Pioneers mined in the last 24 hours as well as what and how many contributions they made to receive the extra multiples of B by running nodes, using utilities apps or lockups, etc. This model also addresses any uncertainty with having X(B)—future types of contribution rewards for Pioneers—in the formula. Regardless of how much X is going to be, it will be kept within the same yearly supply limit without increasing the total supply and will only affect the division of rewards among different types of contributions.

This dynamic mechanism allows Pioneers themselves, in a decentralized way, to make sure that (1) the rewards do not exceed the yearly supply limit, (2) the distribution of the yearly supply does not end early in the year, and (3) the rewards are divided meritocratically.

For purposes of illustration, let’s suppose there are only two Pioneers on a given day and B is the Pi Mining rate (expressed in Pi/day for this illustration)—a constant during a specific Pioneer Pi Mining session, but dynamically adjusted across different days:

Pioneer 1 has no app engagement (A=0), is not operating a Node (N=0), has no security connections (S=0), and has no active Referral Team members (E=0). They are in their 11th Pi Mining session (N=10) and are locking up 100% of their mined Pi (Lp=1) for 3 years (Lt=2). Pioneer 1’s Pi Mining rate on this day is:

  • M1 = I(B,L,S) + 0 + 0 + 0, or
  • M1 = B + {2 • 1 • log(10)} • B + 0, or
  • M1 = 3B

Pioneer 2 has no app engagement (A=0), is not operating a Node (N=0), has no lockup (L=0), and has no active Referral Team members (E=0). They have a full Security Circle. Pioneer 2’s Pi Mining rate on this day is:

  • M2 = I(B,L,S) + 0 + 0 + 0, or
  • M2 = B + 0 + {0.2 • min(Sc,5) • B}, or
  • M2 = B + {0.2 • 5 • B}, or
  • M2 = 2B

Here, Total Pi to be mined in the whole network on this day = M1 + M2 = 5B Let’s assume there are 500 Pi and 50 days left in the year.
Therefore, Total Pi available to be mined for this day = 500 Pi / 50 days = 10 Pi/day

Solving B based on the two equations above,

  • 5B=10 Pi ⇒ B = 2 Pi/day (or 0.083 Pi/hour)

Accordingly, Pioneers 1 and 2 will have their actual Pi Mining rates as follows:

  • M1 = 3 • 2 Pi/day = 6 Pi/day (or 0.25 Pi/hour)
  • M2 = 2 • 2 Pi/day = 4 Pi/day (or 0.17 Pi/hour)

Pioneer Base Pi Mining rate

By comparison, the individual Pioneer base Pi Mining rate in the pre-Mainnet Pi Mining formula includes only system-wide base Pi Mining rate and Security Circle rewards. At Mainnet, a new component, lockup reward, is added to individual Pioneer base Pi Mining rate I. Lockup rewards L, along with the system-wide base Pi Mining rate B and Security Circle reward S, constitute the individual Pioneer base Pi Mining rate I.

Since I is used as an input to calculate all the other rewards, as a result, the Security Circle and lockup rewards enhance the total Pioneer Pi Mining rate by: (1) by directly adding to the individual Pioneer base Pi Mining rate and (2) by boosting the any Referral Team reward E, nodes reward N, and app usage reward A.

Lockup Reward

At Mainnet, the lockup reward is meant to support a healthy and smooth ecosystem and incentivize long-term engagement with the network, while the network is bootstrapping the economy and creating demands. It is an important decentralized macroeconomic mechanism to moderate circulating supply in the Pi Network whitepaper New chapters market, especially in the early years of the open market when utilities are being created. One important goal of the Pi Network is to create a utility-based ecosystem of apps.

Transactions for real goods and services in the ecosystem, rather than just speculative trading, are intended to determine the utility of Pi. As we launch the Enclosed Network phase of the Mainnet, one of the main areas of focus will be to support and grow the Pi app developer community and nurture more Pi apps to grow. In the meantime, Pioneers can choose to lock up their Pi to help create a stable market environment for the ecosystem to mature and for more Pi apps to emerge and provide compelling use cases for spending Pi – to ultimately create organic demands through utilities.

The lockup reward formula is reprinted here:

L(B) = Lt • Lp • log(N) • B, where
Lt is the Lockup Time period multiplier of B.

  • 0 → Lt = 0
  • 2 weeks → Lt = 0.1
  • 6 months → Lt = 0.5
  • 1 year → Lt = 1
  • 3 years → Lt = 2

Lp is the Lockup Percentage multiplier of B, where
the Lockup Percentage is the lockup amount over the Mainnet Balance transferred from one’s previous Pi Mining rewards (Lb), and the Lockup Percentage multiplier is as follows.

  • 0% → Lp = 0
  • 25% → Lp = 0.25
  • 50% → Lp = 0.5
  • 90% → Lp = 0.9
  • 100% → Lp = 1.0
  • 150% → Lp = 1.5
  • 200% → Lp = 2

log(N) is the logarithmic value of the total number of previous Pi Mining sessions (N).

Pioneers will have the opportunity to voluntarily lock up their Pi to earn the right to mine at a higher rate. First of all, the prerequisite of the lockup reward is that the Pioneer must be actively Pi Mining. Without Pi Mining in the first place, there will be no lockup rewards for any inactive Pi Mining sessions, even if Pi is locked up. As expressed in the formula above, all that the lockup does is to provide multipliers to B, so there will be no lockup rewards if B is 0 (which means the Pioneers is not Pi Mining).

Secondly, the lockup reward is positively associated with the contribution to the lockup, i.e. the duration of the lockup time period (Lt) and the amount locked up. However, the lockup amount is accounted for by the percentage of a Pioneer’s total Pi mined (Lp). The maximum Pi that a Pioneer can lock up is twice as much as their Mainnet Balance that got transferred from their prior Pi Mining in the mobile app (Lb), i.e. 200% Lb.

The reasons for having a 2X maximum lockup amount of one’s transferred Mainnet Balance (Lb) are to 1) prevent exploitation of the lockup reward and 2) further encourage other contributions to the Pi ecosystem, such as further boosting their Pi Mining, running nodes and using apps. This, in a sense, favors Pioneers who mine and make other types of contributions to the network.

Thirdly, Log(N) offers a higher lockup incentive to Pioneers who have a long Pi Mining history and presumably a large transferable balance to lock up. While the lockup reward formula generally favors equality by accounting for not the absolute Pi Network whitepaper New chapters amount but the percentage of their transferred balance (Lp) —

This allows smaller accounts with a short Pi Mining history to lock up small amounts and yet receive the same lockup reward multiplier as big accounts — we need to add a Log(N) factor that Pi Network whitepaper New chapters accounts for miners with a long Pi Mining history, to counterbalance the bias in favor of Pioneers with small balances and provide enough incentive for long-history Pioneers with bigger balances. However, the effect of Pi Mining history on lockup rewards also needs to be capped.

Thus, the formula applies a logarithm to the number of previous Pi Mining sessions N. For example, if a Pioneer mined almost every day for the last 3 years, their total Pi Network whitepaper New chapters previous Pi Mining sessions (N) will be about 1,000. In this scenario, Log(1,000) equals 3, adding another multiplier to B in their lockup rewards. Keep in mind that to achieve meaningful lockup rewards for long-Pi Mining-history Pioneers, the amount of Pi they have to lock up is much more than smaller accounts.

Fourthly, one Pioneer can voluntarily have multiple lockups at different times with different amounts and durations. The calculation of the total lockup rewards for this Pioneer with I number of different lockups is to find the total lockup reward multiplier of B, as expressed in the formula below.

The formula below is the Pi Network whitepaper New chapters equivalent to the lockup reward formula above, with the only difference being that it accounts for multiple lockups of the same Pioneer to calculate their total lockup rewards, e.g. different durations (Lti) and different amounts (Lci) of each lockup at a different time:

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The purpose of this formula is to calculate the total lockup rewards-based proportionally on each lockup’s amount (Lc) over the total Mainnet Balance from previous Pi Mining (Lb) as a weight, multiplied by their respective lockup Pi Network whitepaper New chapters time period (Lt) and Log(n). So that, even though there are multiple lockups of the same Pioneer, more lockups with different settings will proportionally add to their total lockup rewards.

The values of Lt, Lc, and log(N) are calculated and multiplied for each lockup I and then summed across various i’s, which is then divided by the value of Lb at a given Pi Mining session, to arrive at the value of L(B) for that Pi Mining session. This formula ensures that regardless of the Lb, as long as the Pioneer maintains the same percentage of their lockup amount over their Lb, the total lockup rewards multiplier will remain the same.

Lastly, when can a Pioneer lock up Pi? Pioneers can decide their lockup duration and lockup percentage of their transferable balance anytime they want as an overall account setting in the Pi app. They can even preselect these settings before they’re KYC’ed or ready to migrate to the Mainnet. As they and their Referral Team/Security Circle pass KYC, more of their Mobile Balance will become transferable.

At the moment of the migration of their Transferable Balance to Mainnet, their preselected setting of lockup duration and percentage will automatically apply to the amount of balance transferred, resulting in two types of balances on the Mainnet: lockup balance and free balance, both of which will be recorded on the Mainnet blockchain and reside in the Pioneer’s non-custodial Pi wallet.

Thus, lockups cannot be Pi Network whitepaper New chapters reversed once confirmed and must remain locked up for the entirety of the chosen duration due to the nature of blockchain. Any changes to this Pioneer’s lockup setting will take effect in their next balance transfer to the Mainnet.

This account-wide lockup setting allows Pioneers to lock up a maximum of 100% of their transferable balance from mobile to Mainnet. After Mainnet launches and Pioneers transfer their balances, Pioneers can also lock up more Pi directly on the Mainnet through a slightly different lockup interface later on.

At that time, Pioneers can Pi Network whitepaper New chapters lock up as much as 200% of their already-transferred Mainnet balance acquired from their previous Pi Mining. The additional lockup allowance for more Pi than individually mined by the Pioneer can come from utility-based Pi apps transactions, i.e., making Pi from selling goods and services.

App Usage Reward

An overarching goal of the Pi Network is to build an inclusive peer-to-peer economy and online experience fueled by the Pi cryptocurrency through our app ecosystem. Therefore, Pioneers will have additional Pi Mining rewards for using Pi Network whitepaper New chapters Pi apps on the Pi apps platform through the Pi Browser, including ecosystem apps and third-party apps in the Pi Directory. The app usage reward for Pioneers helps the ecosystem in two ways.

First, it will give Pi app developers market access and increased impressions of their apps. Pi app developers will gain usage and product iteration opportunities from Pioneers, which has been one of the biggest barriers to creating viable decentralized applications in the blockchain industry.

Decentralized application (dApp) developers do not yet have a plentiful, stable, and utility-seeking consumer market environment Pi Network whitepaper New chapters to test and hone their consumer products to create consumer utilities. Pi Network’s apps platform and the app usage reward are meant to provide that environment for dApp developers.

Second, the increased impressions and usage will potentially lead to increased spending of Pi by Pioneers in the Pi apps, thus increasing utility-based Pi demand in the market. Even though the impressions are incentivized through the app usage reward, the spending of Pi is not. This means that the Pi app Pi Network whitepaper New chapters usage reward to Pioneers helps the Pi app developers to the extent that Pioneers are at their door.

Now what determines whether Pioneers will actually stay and spend Pi in their apps is how useful and engaging their products are and what values the apps can provide for Pioneers. This framework ensures that, for the purpose of Pi demand creation, organic market forces are at work that allows apps to compete on the basis of Pi Network whitepaper New chapters product quality and utility, ultimately allowing the best apps to emerge and stay in the market and generate real utilities and even more Pi demands.

Through the above two mechanisms, the app usage reward aims to achieve the gradual transition from extrinsic incentives to intrinsic motivations among Pioneers visiting Pi apps, and thus the transition from incentivized to organic usage Pi Network whitepaper New chapters of Pi apps in order to ultimately bootstrap a utility-based ecosystem of apps using Pi.

The app usage reward formula is reprinted here:

A (I)* =
log [ Σ_across_apps { log(time_spent_per_app_yesterday_in_seconds) } ] • log [ log(    0.8 • avg_daily_time_across_apps_last_30_days +    0.6 • avg_daily_time_across_apps_last_90_days +    0.4 • avg_daily_time_across_apps_last_180_days +    0.2 • avg_daily_time_across_apps_last_1_year +    0.1 • avg_daily_time_across_apps_last_2_year ) ] • I


time_spent_per_app_yesterday_in_seconds is, for each Pi app, the total amount of time in seconds that the Pioneer spends using the app on the prior day.
Σ_across_apps sums up the logarithmic value of the Pioneer’s time_spent_per_app_yesterday_in_seconds Pi Network whitepaper New chapters across all the Pi apps.
avg_daily_time_across_apps_last_* is the average daily time in seconds the Pioneer spends across all the Pi apps in the aggregate during the last * time period.

* Note that when any of the logarithmic functions returns an undefined value or a value below 0 (that is, when, the input to the logarithmic function is below 1), the formula resets the value of the logarithmic function to be 0 in order to avoid negative Pi Mining rewards or an error in the function.

Generally, the app usage reward formula takes into account two factors: time spent in apps and the number of apps used while crediting the history of app usage in the long term and capping the rewards to avoid exploitation. There are two main parts to the formula. The first part aggregates a Pioneer’s time spent across each app in the last Pi Mining session (i.e., in the previous day).

The logarithmic function provides a positive function with diminishing returns, meaning that an increase in time spent on any one app will generally increase the rewards, but the positive effect of time spent on rewards decreases as more time is spent.

This setup encourages Pioneers to generally spend more time on multiple diverse apps, helping the network to bootstrap the creation of diverse utilities. At the same time, it caps the rewards to prevent users from exploiting this reward by artificially keeping the apps open all day, which would not meaningfully contribute to utility creation.

The second part of the app usage reward formula looks at Pioneer’s rolling average of daily time spent across all apps in various time periods. The further back the time period goes, the less it is weighted. In other words, a Pioneer mines more Pi the longer they have been using the Pi apps, but their recent time spent on the apps counts more toward Pi Mining than their previous time spent further back in the past.

In addition, as a matter of fact, the app usage history takes effect on the current Pi Mining reward Pi Network whitepaper New chapters only if the Pioneer also used Pi apps during their last Pi Mining session. This means that there is no passive reward for only past usage. Once again, the use of logarithmic functions helps moderate the Pi Mining boost from app usage to avoid exploitation of the app usage reward.

A noteworthy implication here is that Pi chat moderators who have been helping to guide Pioneers and monitor undesirable activities on Pi chats over the last two years will mine the app usage reward at a higher rate when the Mainnet launches.

Node Reward

Like on any blockchain, Nodes are at the heart of the decentralization of Pi. In Pi, instead of relying on centralized institutional nodes, we decided to open up the Nodes to any Pioneer with a computer connected to the internet. Aided by the global trust graph aggregated from individual Pioneer’s Security Circles Pi Network whitepaper New chapters from the mobile app, these Nodes will run the consensus algorithm to validate transactions and process blocks. Because the Nodes are critical to the decentralization, security, and longevity of the Pi blockchain, Node-operating Pioneers will receive additional Pi Mining rewards.

The node reward formula is reprinted here:

  • N(I) = node_factor • tuning_factor • I, where
    Node_factor = Percent_uptime_last_1_days • (Uptime_factor + Port_open_factor + CPU_factor), where
    Uptime_factor = (Percent_uptime_last_90_days + 1.5*Percent_uptime_last_360_days(360-90) + 2* Percent_uptime_last_2_years + 3*Percent_uptime_last_10_years),
    Port_open_factor = 1 + percent_ports_open_last_90_days + 1.5*percent_ports_open_last_360_days + 2* percent_ports_open_last_2_years + 3*percent_ports_open_last_10_years,
    CPU_factor = (1 + avg_CPU_count_last_90_days + 1.5*avg_CPU_count_last_360_days + 2* avg_CPU_count_last_2_years + 3*avg_CPU_count_last_10_years)/4.
    Percent_uptime_last_*_days/years is the percentage of the last * time period when the individual Node was live and accessible by the network.
    percent_ports_open_last_*_days/years is the percentage of the last * time period when the ports of the individual Node were open for connectivity to the network.
    avg_CPU_count_last_*_days/years is the average CPU that the individual Node provided to the network during the last * time period. tuning_factor is a statistical factor that normalizes the node_factor to a number between 0 and 10.

The node reward depends on the uptime factor, port open factor, CPU factor, and tuning factor. The uptime factor of a Node for a given period of time is the proportion of time the Node is active during that period. For example, a 25% uptime factor yesterday means that the Node was live and accessible for a total of 6 out of 24 hours yesterday. The Pi Node software tracks the Pi Network whitepaper New chapters time a particular Node is active.

Starting in the Open Network phase, only a Node running functionally at a given point in time is considered active. This is a proxy for the reliability of the Node. However, for the historical data relevant to the Pi Mining reward, a Node is considered active if the Node app is open and connected to the internet even if it is not running functionally.

This exemption for the past performance recognizes that the Community Node operators running the Testnet provided the network with important data and infrastructure to enable multiple iterations of the Node software and Testnet and that it was not always the fault of the Node operator that their Nodes were inoperative.

The port open factor of a Node for a given period of time is the proportion of time the Node’s specific ports are detected to be accessible from the Internet during that period. Pi Nodes use ports 31400 through 31409, enabling other nodes to reach them through these ports and the network IP address. An open-port Pi Network whitepaper New chapters Node is able to respond to communications initiated by other Nodes, while closed-port Nodes are not able to receive such communications from other Nodes and can only initiate communications.

Pi’s consensus protocol relies on Nodes sending a series of messages among each other. Therefore, open-port Nodes are critical to the operation of the Pi blockchain, and thus, worthy of a Pi Mining reward boost. In fact, the network aims to have at least 1/8th of the Nodes with open ports, and having an open port is one of the prerequisites for being a Super Node.

The CPU factor of a Node for a given period of time is the average number of CPU cores/threads available on the computer during that period. A higher CPU factor prepares the blockchain for future scalability, for example, the ability to process more transactions per block or more transactions per second. The Pi blockchain is not an energy and resource-intensive blockchain.

The network is initially set to operate at one new block of up to 1,000 transactions (T) about every 5 seconds. Thus the network is effectively capable of processing up to about 200 transactions per second (TPS) or ~17M T/day. Should the blockchain get Pi Network whitepaper New chapters congested in the future, this limit can be increased to 2,000 TPS (~170M T/day) by increasing the block size from 1000 to 10,000 transactions per block. The higher the CPU contributed by Pi Nodes, the more room the network will have to grow and scale further in the future.

Furthermore, higher collective CPU from Pi Nodes will allow novel peer-to-peer node-based applications to be built on Pi Network, such as decentralized CPU sharing applications that let computing power-intensive Pi Network whitepaper New chapters applications run or provide distributed cloud services. Such services will be further rewarded by contributing nodes with additional Pi paid by the clients of those services.

Finally, a tuning factor normalizes the Node reward to a number between 0 and 10. This is meant to make Node rewards comparable to other types of Pi Mining rewards that recognize other contributions to Pi Network. During the Enclosed Pi Network whitepaper New chapters Mainnet phase (as explained in the Roadmap section), the Node reward formula is expected to iterate. For example, the use of logarithmic or root functions may potentially obviate the need for a tuning factor.

Having reliable Nodes running predictably over a long stretch of time is critical to the health of the blockchain. It is not a one-and-done contribution. Therefore, the uptime factor, port open factor, and the CPU factor are all calculated over varying time periods, where the value from more recent time periods is more heavily weighted than the time periods of equal lengths from a more distant past. Note, however, that the Node reward is a multiple of the uptime factor of the previous Pi Mining session.

Hence, a Pioneer will not receive any Node reward in a given Pi Mining session if their Node was inactive for the entirety of the immediately preceding calendar day. Similar to the app usage reward, there is no passive reward for only Pi Network whitepaper New chapters the past contribution as a Node operator. This also means that a low uptime factor in the previous calendar day (even if the Node is active for a part of the day) will substantially reduce the Node reward in a given day despite high past Node contributions.

Read more:Pi Lockups Help | Pi Network Lockups Help in 2021.

The Effect of KYC on Mainnet rewards

There will be a rolling grace period of six calendar months for a Pioneer to complete KYC. Thereafter, the Pioneer loses all the Pi mined outside of the rolling 6-month window and is unable to transfer the lost Pi to the Mainnet. The retention Pi Network whitepaper New chapters of the mined Pi in the 6-month window continue indefinitely until they pass KYC or the KYC policy changes.

Note that this KYC-window Pi Mining framework will only Pi Network whitepaper New chapters begin when the KYC solution is generally available to all eligible Pioneers in the future and will be announced to the community beforehand. The six-month restriction will not be immediately in place yet when we launch the Mainnet.

Because of the importance of true humanness in our social network-based Pi Mining, only the Pioneers who pass KYC will be able to transfer their Phone balance to the blockchain. Our objective is to have as many true Pioneers as possible pass the Pi Network whitepaper New chapters KYC. As explained further below, the rolling six-month window serves the following important purposes:

  • strike a balance between giving Pioneers adequate time to pass KYC and creating enough urgency to pass KYC,
  • prevent unverified Pi beyond the rolling six-month KYC grace period from migrating to the Mainnet, instead freeing it up for Pi Mining by other KYC’ed Pioneers within the allocated Pi overall supply limit for Pioneer Pi Mining, and
  • limit KYC spam and abuse (see 30-day delay in KYCing new members below)

If Pioneers do not pass KYC in time, it delays the Mainnet transfer of their balances and the balances of other Pioneers who have them Pi Network whitepaper New chapters on their Security Circles and Referral Teams. Without balances on the Mainnet, Pioneers are not able to use payments in Pi apps, thereby under pi Mining the growth of our utility-based ecosystem.

A six-month window creates a sense of urgency for Pioneers while giving them adequate time to retrieve their mined Pi. The KYC verification process will generally take into account Pioneers’ likelihood of being real human beings based on Pi’s machine-automated prediction mechanisms run over the last three years.

Pi Network whitepaper New chapters Newly created accounts will not be able to immediately apply for KYC verification, until after 30 days. This helps the network limit the ability of bots and fake accounts to spam and abuse our KYC process and prioritize KYC validation resources for real human Pioneers.

Finally, the lost Pi of the Pioneers who delayed KYC verification beyond six months will not be transferred to the Mainnet and will not be accounted for in the calculation of the systemwide base Pi Mining rate (B) beyond the rolling Pi Network whitepaper New chapters six-month KYC grace period. Pioneers will, therefore, need to claim their Pi in time, or their lost Pi will be reallocated to B for Pi Mining in the same year by other verified Pioneers who can make full contributions to the network.

Roadmap

Pi Network is unique in our technological and ecosystem design as well as the significance of our community input in development. This uniqueness is best served by a thoughtful and iterative approach that allows for Pi Network whitepaper New chapters community feedback, testing of products, features, user experience, and phases defined by milestones. There are three main phases to our development: (1) Beta, (2) Testnet, and (3) Mainnet.

Does Pi Network have a future?

Given the quantity of clients who have joined to mine the coin, forecasters like Changelly foresee that the PI cost could ascend to $1 after it begins exchanging on digital money trades. Be that as it may, the coin has not been sent off. It’s difficult to anticipate its future with any level of exactness.

Will Pi ever be worth money?

At the hour of composing Pi coin has No Value. Pi coin worth will be close 70$ in 2024 and it will vacillate additionally yet will acquire esteem at last. It tends to be close 800$ in 2026. This additionally relies upon the market.

What will pi be worth?

from thumbor.forbes.com right now a pi coin is valued at $0.16 and numerous specialists are foreseeing the coin will be valued at $1 before the year’s over. 1 picoin is 0.030154 us dollar.

How many pi coins are there?

There are around 20 to 30 billion coin out there, as indicated by a few computations. Pi has referenced with regards to it in its white paper as follows: It depends on absolute mining prizes and complete reference rewards.

How do Pi networks make money?

Their answer implies you can bring in cash by mining crypto-coins from your telephone. Basically download the application, and when daily open it and consequently mine Bitcoins. PI Network additionally has an individuals’ foundation. Assuming that you join you might add me to your organization.

Can I sell my PI coins?

You can not pull out or sell Pi coins this time. Pi digital money isn’t recorded at this point. Emphatically, individuals accept that it will be recorded in March 2021 and afterward you will likewise know the worth of pi coin. After that you can pull out it.

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