Pi Community’s Open Community (mainnet) launch on February 20, 2025, has generated important hypothesis relating to its potential itemizing value. It’s changing into one of the crucial extremely anticipated launches in current crypto historical past.
As we close to the mainnet launch, listed below are the highest 5 details in regards to the Pi Community that each consumer should know earlier than investing.
Pi Coin Tokenomics
The overall provide of Pi is capped at 100 billion tokens, allotted as follows:
- Mining Rewards (65%): Roughly 65 billion Pi are reserved for rewarding customers who contribute to the community by means of actions like cellular mining, referrals, and working nodes.
- Ecosystem Constructing (10%): Round 10 billion Pi are put aside to assist group initiatives, growth of decentralized purposes (dApps), and different ecosystem-enhancing initiatives.
- Liquidity Pool (5%): About 5 billion Pi are allotted to supply liquidity for transactions throughout the Pi ecosystem.
- Core Staff Allocation (20%): The remaining 20 billion Pi are allotted to the Pi Core Staff as compensation for his or her growth efforts and ongoing upkeep of the community. This allocation is topic to a vesting schedule aligned with the distribution to the group.
As Pi Community approaches its mainnet launch, the Pi Core Staff has not publicly disclosed the precise variety of tokens to be unlocked at the moment.
As of December 2024, roughly 562 million Pi cash have been unlocked and are in circulation.
Notably, a big variety of Pioneers (customers who mine Pi utilizing the cellular app) have chosen to lock up their tokens for prolonged durations. Many are even choosing a three-year lock-up.
Pi Community Was Accused of a Knowledge Leak
In Could 2021, reviews emerged of a big knowledge leak involving roughly 17 gigabytes of private data from round 10,000 Vietnamese residents. The compromised knowledge included identification card particulars, house addresses, telephone numbers, and e-mail addresses.
In the meantime, the person chargeable for the leak claimed the information was sourced from Pi Community. The challenge, nevertheless, refuted these allegations.
In accordance with the challenge, a third-party service, Yoti, carried out its KYC processes. Yoti additionally claimed that Vietnamese identification playing cards weren’t saved on their servers.
“Pi Network or its third-party KYC provider has nothing to do with the recent alleged data leak of Vietnamese national IDs. Pi Network never asked for or collected such data and our third-party KYC provider does not accept this type of ID documentation,” the challenge wrote again in 2021.
Later, an inner investigation by Pi Community discovered no proof of an information breach on their finish. Yoti additionally denied any involvement within the knowledge leak.
Pi Was Concerned in China’s Largest Pyramid Scheme
Pi Community has confronted important scrutiny in China, with allegations suggesting it operates as a multi-level advertising and marketing (MLM) or pyramid scheme. The platform makes use of a referral-based system the place customers can enhance their mining charge by inviting others.
In July 2023, the Public Safety Bureau of Hengyang Metropolis, Hunan Province, labeled Pi Coin as a rip-off. The Bureau highlighted that Pi Community depends on a hierarchical invitation mechanism. This kinds layers of members the place recruiters profit from bringing in new members.
“PI Network has nothing to do with the real project and will soon rug. Be aware because CABAL is trying to make a meta from the Pi Network 2025 brand,” analyst MASTR wrote on X (previously Twitter).
The mannequin aligns with the traits of pyramid schemes, that are unlawful beneath Chinese language legislation. A number of business leaders like Colin Wu and AB Kuai.Dong have warned in regards to the authorized dangers of partaking with Pi Community in China.
In response, Pi Community has applied restrictions on Pi coin buying and selling in sure areas, together with mainland China. Exchanges like OKX have confirmed that Pi Community requested an remoted itemizing methodology.
“PI is the largest pyramid scheme in the Chinese-speaking world. Since mobile phones can be used for digging directly, the threshold is low. As the number of users increases, mining rewards will gradually decrease. But the disadvantage is that it involves pyramid schemes and gambling, and there are many cases involving police in various places,” wrote AB Kuai.Dong.
Pi Community is Among the many High 5 Most Standard Crypto Initiatives
Even with no mainnet launch and steady delays, Pi Community is at present the fifth most adopted crypto challenge on X (previously Twitter). The challenge at present has 3.7 million followers, which is larger than Ethereum, Solana, and different in style blockchain networks.
It’s additionally among the many hottest crypto apps in South Korea and India. The challenge’s cellular app has over 100 million downloads on the Google Play retailer.
Pi Coin Launch Worth
Pi community’s OTC (over-the-counter) value is $2 per Pi token. This represents peer-to-peer transactions the place customers commerce Pi informally with out change listings.
Nevertheless, its present IOU ( I owe you) value is round $64. IOUs are speculative costs on exchanges like HTX (previously Huobi), the place merchants anticipate future costs earlier than Pi turns into tradable.
Most significantly, Pi Community has over 45 million engaged customers, making it one of many largest crypto communities. Social media exercise and search developments point out robust retail curiosity.
At present, a big proportion of Pi is locked as a consequence of voluntary lock-up durations set by customers. Given these elements, BeInCrypto analysts predict Pi coin to commerce between $30 – $50 on mainnet launch date.
Disclaimer
In adherence to the Belief Undertaking pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nevertheless, readers are suggested to confirm details independently and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material. Please observe that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.
