Pi Network (PI) Tokenomics
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.
Pi Network (PI) Information
Pi Network is a cryptocurrency project that aims to make mining accessible through mobile devices. Unlike traditional cryptocurrency mining, which requires significant computing power, Pi Network allows users to mine on smartphones with low energy consumption. The project is designed to provide a beginner-friendly operating environment.
What is Pi Network?
Pi Network (abbreviated as PI) was launched in 2019 by a team of PhDs from Stanford University in the United States. Its vision is to make cryptocurrency accessible and usable for everyone. Unlike Bitcoin, which requires high-performance mining machines and significant electricity consumption, Pi introduces an innovation: users can participate in network consensus and earn token rewards simply by tapping the mobile app once a day.
The vision of Pi is to build the world's most inclusive peer-to-peer ecosystem and online experience. In the future, users will be able to use PI for payments, transfers, and even consumption within Pi ecosystem applications.
Pi Network's Mining Mechanism
One of the most notable features of Pi Network is its mining mechanism. It is based on the Stellar Consensus Protocol (SCP), a lightweight consensus algorithm that does not require the energy-intensive computations used in Bitcoin, and is designed to minimize resource consumption.
Key characteristics of Pi Network's mining process include:
- Logging into the app daily to activate mining.
- Building a trust network by inviting and verifying friends, which significantly improves mining efficiency.
- An intuitive interface that makes it easy to monitor mining activity.
- Real-time tracking of mining progress and accumulated rewards.
How to Obtain Pi
Unlike other cryptocurrencies, Pi was initially obtained through mobile mining:
- Download the Pi Network app and register an account
- Tap the lightning button once per day to start mining
- Invite friends to join in order to increase mining power
- Complete KYC (identity verification) before PI can be transferred to the mainnet wallet
Today, PI is also listed on MEXC, allowing users to trade directly on the platform:
- Sign up for an account on MEXC and complete identity verification
- Deposit funds using a bank card or USDT
- In the trading section, select the PI/USDT trading pair to buy PI
This shift marks Pi's transition from "on-paper mining" to actual circulation and tradability.
Pi's Value and Price
The price of Pi has always been one of the community's main concerns. Since Pi is still in the transition phase toward the Open Network and the official team has not yet fully released all tokens, its market price is primarily determined by supply and demand on exchanges.
On platforms such as MEXC, Pi has experienced significant volatility, rising sharply at the time of listing before stabilizing through subsequent corrections. This reflects both speculation and shifting expectations in the market. At present, Pi’s value largely depends on the pace of ecosystem application rollout and the level of activity within its global community.
Looking ahead, if the Pi team succeeds in advancing the application ecosystem, Pi could move beyond its current boundaries and unlock more practical use cases. In that scenario, the PI token could evolve from a “community coin” into a genuine cryptocurrency asset.
Is Pi Worth Investing In?
The investment logic of Pi differs from that of Bitcoin. Bitcoin's core value lies in "scarcity" and "decentralization," while Pi emphasizes "inclusiveness" and "application ecosystem."
Advantages:
- Large user base, with tens of millions of active users worldwide
- Very low mining threshold, making it accessible to the general public
- A project vision focused on building an ecosystem rather than pure speculation
Risks:
- High price volatility, with significant influence from market sentiment
- Less transparency in project progress compared with Bitcoin or Ethereum
Therefore, if users believe in the widespread adoption of Web3 and mass-market applications, Pi may be considered as a small part of an investment portfolio.
Common Investment Approaches for Pi
- Long-term holding (HODL): Buy and hold for the long term, based on confidence in Pi's future potential.
- Dollar-cost averaging (DCA): Invest a fixed amount each month, regardless of price fluctuations, to spread out cost.
- Short-term trading: Take advantage of price volatility by using real-time market data and trading tools provided by MEXC to capture arbitrage opportunities.
- Ecosystem participation: Use PI for spending and payments in future Pi applications, enabling the token to truly circulate.
Why Does Pi's Price Fluctuate?
Pi's price is influenced by the following factors:
- Community engagement: User activity and discussions on social media
- Ecosystem development: The launch of dApps, marketplaces, or payment channels
- Market sentiment: Bull and bear trends in the broader cryptocurrency market
In short, Pi's price movement shows a "dual-driven" pattern: it depends both on the project's own development progress and on the cyclical fluctuations of the cryptocurrency market.
Where Can You Buy Pi?
MEXC provides a secure and convenient channel for PI trading:
- Low fees: Transparent trading costs for higher capital efficiency
- Multiple deposit methods: Supports bank cards, credit cards, and stablecoin transfers
- Professional tools: Real-time market charts and analysis features
- High security: Bank-level encryption to protect user assets
- Global community support: Access to customer service and multi-language support at any time
For beginners, MEXC is an ideal platform to start investing in Pi.
Pi Network is a cryptocurrency experiment built on the principle of accessibility for everyone. From mobile mining to being listed on exchanges, it demonstrates the potential for increased adoption.
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.
Token Issuance Mechanism
- Total Supply: The Pi Network has a capped total supply of 100 billion PI tokens.
- Mining/Issuance: PI tokens are primarily issued through a mobile mining mechanism. Users, called "Pioneers," mine PI by contributing to network growth and security. Mining rewards are based on user activity, app usage, and node operation, rather than energy-intensive proof-of-work. The mining rate decreases over time and as the network grows, incentivizing early participation and sustained engagement.
Token Allocation Mechanism
| Allocation Category | Percentage of Total Supply | Description |
|---|---|---|
| Community | 80% | Distributed to users (Pioneers) via mining and ecosystem participation |
| Core Team | 20% | Reserved for the Pi Network core team, unlocked gradually |
- Community Allocation: The vast majority (80%) of PI is allocated to the community, distributed through mining and ecosystem activities.
- Core Team Allocation: 20% is reserved for the core development team, with a gradual unlocking schedule to align incentives and prevent immediate sell pressure.
Usage and Incentive Mechanism
- Utility: PI is designed as a utility token for peer-to-peer transactions, payments, and as a medium of exchange within the Pi ecosystem.
- Ecosystem Growth: The token incentivizes users to participate in the network, run nodes, and use decentralized applications (dApps) built on Pi.
- Incentives: Mining rewards, app usage, and node operation are the primary incentive mechanisms. The network also plans to support a virtual storefront and dApp marketplace, further expanding utility and demand for PI.
Locking Mechanism
- KYC and Migration: During the Enclosed Mainnet phase, users must complete KYC (Know Your Customer) verification and migrate their mined PI to the mainnet. Tokens remain locked until these steps are completed.
- Team Vesting: The core team's allocation is subject to a gradual vesting schedule, preventing immediate access and aligning long-term interests.
- User Locking: There is no explicit mention of user-initiated locking (e.g., staking for governance or rewards) in the available documentation, but tokens are effectively locked until KYC and migration are completed.
Unlocking Time and Schedule
- Gradual Unlocks: Unlocking of tokens is phased:
- For Users: PI tokens mined during the testnet and enclosed mainnet phases are unlocked only after successful KYC and migration to the mainnet.
- For Core Team: The 20% team allocation is unlocked gradually over time, with no evidence of a large, immediate release.
- Recent Unlock Events: As of July 2025, over 215 million PI tokens were set to unlock, with 13.3 million unlocking on July 11, 2025. These unlocks can introduce selling pressure and impact market dynamics.
- Ongoing Unlocks: The network continues to unlock tokens as more users complete KYC and as vesting schedules for the team progress.
Recent Circulating Supply Trend
- Circulating Supply (Oct 2025): The circulating supply has shown a steady, incremental increase, reflecting ongoing unlocks and migration to the open mainnet. For example, from October 12 to October 19, 2025, the circulating supply increased from approximately 8.246 billion to 8.279 billion PI.
Implications and Considerations
- Market Impact: Large scheduled unlocks (e.g., 215 million PI in July 2025) can create significant selling pressure, especially in the absence of a token burning mechanism.
- Decentralization Concerns: Analysts have noted concerns about centralization and the lack of a burn mechanism, which may affect long-term price performance and investor confidence.
- Ecosystem Development: The transition to the Open Network phase and the introduction of dApps and a virtual storefront are expected to enhance utility and demand for PI, potentially offsetting some of the negative effects of unlocks.
Summary Table: Pi Network Tokenomics
| Aspect | Details |
|---|---|
| Total Supply | 100 billion PI |
| Issuance | Mobile mining, decreasing rate, activity-based rewards |
| Allocation | 80% Community, 20% Core Team (gradual unlock) |
| Usage | Payments, dApps, P2P transactions, ecosystem incentives |
| Incentives | Mining, app usage, node operation |
| Locking | KYC/mainnet migration required for unlock; team vesting |
| Unlocking | Phased, based on KYC, migration, and vesting; recent large unlocks can affect price |
| Recent Circulating | ~8.28 billion PI (Oct 2025), steadily increasing |
Further Reading and Official Resources
- Pi Network Blog
- Pi Network Whitepaper
- Pi Network Roadmap
Nuanced Analysis
- Tokenomics Design: Pi Network’s tokenomics are designed to maximize user growth and engagement, with a strong emphasis on accessibility and gradual decentralization. The phased unlocks and KYC requirements aim to ensure a fair distribution and prevent abuse.
- Risks: The lack of a burn mechanism and the potential for large unlocks to create sell pressure are notable risks. Centralization concerns and the need for robust ecosystem development remain key challenges.
- Opportunities: The Open Network phase and the expansion of dApps and merchant adoption could drive real utility and demand, supporting long-term value if managed effectively.
Note: All data and analysis are based on the most recent and verifiable sources as of October 2025. For the latest updates, refer to the official Pi Network channels.
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.
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1 PI = 0.20673 USD
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