Pi Network, which started as a mobile mining project, will officially launch its mainnet at 4 pm Taiwan time on the 20th (tomorrow) and will be simultaneously listed on well-known exchanges such as OKX, Pionex, and MEXC.
How much Pi Coin is currently in circulation?
According to the official explanation, after the mainnet launch, the maximum circulation of Pi Coin will be 100 billion:
- 80% allocated to the community (80 billion)
65% for mining rewards (65 billion)
10% for ecosystem building (10 billion)
5% for liquidity pools (5 billion)
- 20% allocated to the core team (20 billion, released in line with community distribution)
According to data from Explorepi, the current circulating Pi Coin is about 6.28 billion, of which 4.62 billion are locked. (Previously, many pioneer accounts chose to stake without knowing when the mainnet would launch, so many accounts will not be able to trade tomorrow.)
Calculated, the amount of tradable tokens after the official launch on the 20th will be about 1.66 billion (6.28 - 4.62).
However, it should be noted that the 20% tokens (about 12.5 billion tokens) of the official team may not be included in this, as they have not explained how they will use these tokens or whether they will be locked. Therefore, it is also difficult to rule out the possibility that the official team may become the largest selling pressure.
On the other hand, with a total supply of 100 billion, the long-term potential inflationary pressure of Pi Coin is also not small.
What is the current off-exchange price of Pi Coin?
According to comments in the Pi Coin Taiwan community today, the current price of one Pi Coin is around $1.5-$2.5, but whether there have been actual successful transactions is still unknown, so the reference value is limited.
In addition, the community is currently comparing the price of Pi Coin with existing more well-known meme coins, for example, assuming the FDV is benchmarked against Dogecoin, the price of each Pi Coin would be about $0.376.
But these are just predictions, let's wait and see the real price of Pi Coin tomorrow.