Pi Network's upcoming mainnet launch on February 20, 2025, is causing a buzz in the crypto world, with many wondering about its potential listing price. The launch is highly anticipated and here are five key facts about the Pi Network that potential investors should be aware of:
Pi Coin Tokenomics: Pi has a total supply capped at 100 billion tokens, distributed as follows: - Mining Rewards (65%): Around 65 billion Pi will be rewarded to users engaging in activities like mobile mining, referrals, and node operations. - Ecosystem Building (10%): Approximately 10 billion Pi will support community initiatives and the development of decentralized applications. - Liquidity Pool (5%): 5 billion Pi will be used for liquidity within the Pi ecosystem. - Core Team Allocation (20%): The Pi Core Team will receive 20 billion Pi for their efforts in network development, with a vesting schedule aligned with community distribution.
As the mainnet launch approaches, the exact number of tokens to be unlocked remains undisclosed by the Pi Core Team. Currently, around 562 million Pi coins are in circulation, with many users opting for extended lock-up periods, including three-year lock-ups.
Data Leak Controversy: In 2021, Pi Network faced accusations of a data leak involving personal information of Vietnamese citizens. The project denied involvement, stating that data was not collected for such purposes. An internal investigation found no evidence of a data breach on their end.
Pyramid Scheme Allegations: Pi Network has been scrutinized in China for operating as a pyramid scheme, which is illegal under Chinese law. Despite these allegations, Pi Network has restricted Pi coin trading in certain regions. Industry leaders have warned about engaging with the project in China.
Popularity and Price Predictions: Despite delays, Pi Network remains one of the top 5 most followed crypto projects on social media platforms like X. With over 3.7 million followers, Pi Network has garnered significant attention globally. The project's mobile app has over 100 million downloads on the Google Play store.
The OTC price for Pi tokens stands at $2, while the IOU price on exchanges like HTX is around $64. Analysts predict Pi coin to trade between $30 - $50 on the mainnet launch date, considering the strong community engagement and locked token percentages.
Pi Network's mainnet launch is eagerly awaited by the crypto community, poised to make a significant impact in the market. Stay tuned for further updates on this groundbreaking project!