Pi Network’s mainnet launch on February 20, 2025, has generated significant excitement among investors, making it one of the most highly anticipated launches in recent crypto history.
As users prepare to join the network, here are the top five things to know about Pi Network:
The total supply of Pi tokens is capped at 100 billion, allocated as follows:
– Mining Rewards (65%): For contributing to the network through activities like mobile mining and referrals.
– Ecosystem Building (10%): To support community initiatives and development of decentralized applications.
– Liquidity Pool (5%): To provide liquidity for transactions within the Pi ecosystem.
– Core Team Allocation (20%): For compensation, subject to a vesting schedule.
However, Pi Network’s mainnet launch is overshadowed by concerns over past data leaks and allegations that it operates as a pyramid scheme in China. In May 2021, reports emerged of a significant data leak involving approximately 17 gigabytes of personal information from around 10,000 Vietnamese citizens. Despite denying any involvement, an internal investigation found no evidence of a data breach on their end.
Furthermore, Pi Network has faced criticism for its alleged pyramid scheme structure in China, with the Public Security Bureau labeling it as a scam and several industry leaders warning about the legal risks of engaging with the platform. In response, Pi Network has implemented restrictions on Pi coin trading in certain regions, including mainland China.
Despite these concerns, Pi Network is currently one of the most followed crypto projects, with 3.7 million followers and over 100 million downloads on the Google Play store. Its mobile app has also generated significant interest among users, with approximately 562 million Pi coins already unlocked and circulating in the market.
Analysts predict that Pi coin may trade between $30-$50 on mainnet launch date, given the large percentage of Pi locked due to voluntary lock-up periods set by users. However, investors are advised to verify facts independently and consult with a professional before making any decisions based on this content.
Source: https://beincrypto.com/top-5-facts-about-pi-network