Pi Network (PI) Tokenomics
Pi Network (PI) Information
Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built on its blockchain ecosystem. Pi has over 60 million engaged users with over 19 million identity-verified (through its native KYC solution) and over 10 million migrated to its Mainnet.
Pi Network (PI) Tokenomics & Price Analysis
Explore key tokenomics and price data for Pi Network (PI), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
In-Depth Token Structure of Pi Network (PI)
Dive deeper into how PI tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Overview
Pi Network is a decentralized cryptocurrency platform with a focus on accessibility and energy efficiency, allowing users to mine Pi coins via mobile devices. The project aims to build a peer-to-peer ecosystem powered by the Pi cryptocurrency, with a total supply capped at 100 billion Pi.
Issuance Mechanism
- Mining-Based Issuance:
Pi coins are primarily issued through a mobile mining process. Users earn Pi by contributing to network growth and security, such as app usage and node operation. The mining rewards are designed to decrease over time, incentivizing early adoption and active participation. - Phased Development:
The issuance mechanism has evolved through three main phases: Beta, Testnet, and Mainnet. The Mainnet phase included an "Enclosed Network" period for KYC verification and ecosystem development before the Open Network launch.
Allocation Mechanism
| Allocation Category | Description |
|---|---|
| Mining Rewards | Distributed to users for mining, app usage, and node operation |
| Ecosystem Development | Reserved for supporting dApp development and ecosystem growth |
| Community & Contributors | Allocated to early contributors, core team, and community initiatives |
| Reserves | Held for future use, partnerships, and unforeseen needs |
- Mining Rewards: The largest share is allocated to users who actively participate in the network.
- Ecosystem & Community: Significant portions are reserved for ecosystem expansion and rewarding contributors.
Usage and Incentive Mechanism
- Utility:
Pi is intended for use in payments, peer-to-peer transactions, and as a medium of exchange within the Pi ecosystem. With the Open Network phase, Pi can now be used for transactions beyond its native environment, including integration with external blockchains. - Incentives:
Mining rewards are based on user contributions, such as running nodes, referring new users, and engaging with dApps. This structure encourages both network security and ecosystem growth.
Locking Mechanism
- KYC and Enclosed Mainnet:
During the Enclosed Mainnet phase, users' mined Pi was locked until successful KYC verification. This ensured that only verified users could access and transfer their tokens. - Staking and Locking:
Users may voluntarily lock their Pi for staking or to participate in certain ecosystem activities, though details on staking yields and penalties are not fully disclosed in the available documentation.
Unlocking Time
- Enclosed to Open Network Transition:
The unlocking of Pi tokens was tied to the transition from the Enclosed Mainnet to the Open Network, which occurred in February 2025. After this milestone, users who completed KYC could access and transfer their tokens freely. - Ongoing Unlocks:
As of July 2025, the circulating supply of Pi continues to increase gradually, reflecting ongoing unlocks and mining rewards. For example, the circulating supply grew from approximately 7.627 billion Pi on July 2, 2025, to 7.646 billion Pi by July 8, 2025, indicating a steady but controlled release of tokens into the market.
Circulating Supply Trend (July 2025)
| Date | Circulating Supply (Pi) |
|---|---|
| 2025-07-02 | 7,627,000,000 |
| 2025-07-03 | 7,633,000,000 |
| 2025-07-04 | 7,639,000,000 |
| 2025-07-05 | 7,642,000,000 |
| 2025-07-06 | 7,642,000,000 |
| 2025-07-07 | 7,642,000,000 |
| 2025-07-08 | 7,646,000,000 |
Summary Table
| Mechanism | Details |
|---|---|
| Issuance | Mobile mining, decreasing rewards, phased development |
| Allocation | Mining rewards, ecosystem, community, reserves |
| Usage & Incentives | Payments, dApps, mining rewards for contributions, node operation, referrals |
| Locking | KYC-based lockup, voluntary staking/locking for ecosystem participation |
| Unlocking | Post-KYC and Open Network transition, ongoing gradual unlocks |
Nuances and Implications
- Controlled Supply Growth:
The gradual increase in circulating supply helps mitigate inflation and supports long-term value stability. - Community-Driven Incentives:
The mining and referral-based reward system fosters organic network growth and user engagement. - Transition to Open Network:
The unlocking of tokens post-KYC and Open Network launch marks a significant shift, enabling broader utility and integration with external systems. - Potential Limitations:
The lack of detailed public disclosures on specific allocation percentages, staking yields, and penalty structures may limit transparency for some stakeholders.
Actionable Insights
- For Users:
Completing KYC is essential to unlock and utilize mined Pi. Active participation in the ecosystem (mining, running nodes, using dApps) maximizes rewards. - For Developers:
The Open Network phase and developer environment present opportunities to build dApps and expand Pi’s utility. - For Observers:
Monitor the circulating supply and ecosystem developments to assess the impact of unlocks and new integrations on Pi’s value and adoption.
This analysis is based on the latest available documentation and supply data as of July 2025. For the most current details, refer to official Pi Network communications and technical resources.
Pi Network (PI) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Pi Network (PI) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of PI tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many PI tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand PI's tokenomics, explore PI token's live price!
How to Buy PI
Interested in adding Pi Network (PI) to your portfolio? MEXC supports various methods to buy PI, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
Pi Network (PI) Price History
Analyzing the price history of PI helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
PI Price Prediction
Want to know where PI might be heading? Our PI price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
Why Should You Choose MEXC?
MEXC is one of the world's top crypto exchanges, trusted by millions of users globally. Whether you're a beginner or a pro, MEXC is your easiest way to crypto.
Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
Buy Pi Network (PI)
Amount
1 PI = 0.45523 USD