PI Network chooses a 100B coin supply to be accessible for global adoption at an affordable price for PI.
80% of the total supply allocated to community rewards, organizations, and liquidity pools.
It refuses to burn 20B tokens and avoids a surge in prices that excludes new developing countries users.
The PI network will only control inflation through Harving and KYC, with 7.81B coins currently circulating.
From its early days as a simple “tap to air” experiment to pushing the future of open source, PI networks have come a long way. Today, with over 60 million users worldwide, the project is preparing for wider adoption while maintaining a total supply of 100 million people.
Many community members have proposed burning at least $20 billion in tokens, but the PI network has not done this to reduce supply.
Find the reason.
Why PI Networks Choose to Supply $100 Million
The PI Network has chosen to supply 1100 billion PI coins to allow the project to include people from around the world, not just early adopters. A high supply means there are enough coins for millions of users now and in the future.
Most of these coins are reserved for the community through mining rewards, which will keep people contributing to the ecosystem for years to come. Meanwhile, large supply makes PI coins easier to use for trading, purchasing, and creating new apps
Currently, there is about 7.8 billion billion in a very small portion of the 100B supply, with the rest being released slowly over time, with more people participating and verifying their accounts.
Why PI Networks Don’t Burn Tokens
Unlike some other cryptocurrencies, PI networks do not “burn” coins to reduce the total number. The PI team suggests that reducing supply to 20 billion, especially in developing countries, will raise prices too much, and will shut out many new users.
So instead of permanently destroying tokens to control inflation, PI relies on half, gradually lowering mining rates, and strict KYC verification to manage the number of coins in circulation.
This means that while the total supply is 100 billion people, it is only available to an estimated 100-20 billion people available in the early stage open network.
First community coin
The PI Network will leave most of the coins in the hands of users. This is about 80% of the supply. Of the total supply, 65% spends on community member mining rewards, 10% of local PI-related organizations, and 5% on liquidity pools that keep the network running smoothly.
The remaining 20% is for teams to build the project. This approach aims to prevent the control of “whales” where a small number of large holders control most of the currency.