techstudypointThe total supply of Pi Network (PI) and its daily unlock chart are key metrics for understanding the Pi Network’s tokenomics and how the circulating supply of Pi coins grows over time. Since Pi Network is still in its testnet phase (as of my knowledge cutoff in October 2023), the exact numbers for total supply and daily unlocks can be a bit dynamic and subject to changes by the Pi Network development team.
However, here’s what we know and what you might expect:
1. Pi Network Total Supply:
The total supply of Pi Network’s coins is fixed at 100 billion Pi (100,000,000,000). This cap is designed to limit the total amount of Pi tokens that will ever exist.
The network’s mining rewards gradually reduce over time through a mechanism known as the halving model. As more people join and the network grows, the amount of Pi rewarded per user decreases. This is a way to mimic the way Bitcoin’s mining rewards halve every 4 years.
2. Daily Unlock Chart:
The daily unlock refers to the gradual release of Pi tokens to miners based on the lockup periods and mining rewards. There are two main phases for Pi’s unlock:
1. Testnet Phase (Mining Phase):
During the testnet phase (before Pi Network transitions fully to mainnet), miners can accumulate Pi, but the coins are locked. The unlocking schedule will likely follow a set pattern as more users are involved in mining.
- Phase 1 (Mining Phase):
- The daily unlock rate depends on the mining multiplier, which changes based on the number of active miners and whether users are connected to the network.
- During this phase, Pi tokens are essentially in a “locked state” and cannot be transferred or traded.
- As more people mine, the rate of daily unlock decreases.
2. Mainnet Phase:
Once the Pi Network fully transitions to mainnet, the coins will begin to unlock gradually. The exact schedule for this phase is still under discussion, but it will likely follow something similar to Bitcoin’s supply schedule with a significant portion of the coins being unlocked over time in a controlled manner to avoid inflation and ensure a stable price once exchanges list Pi.
Estimated daily unlocks could look something like this (hypothetically):
| Day | Unlocking % | Total Supply (%) |
|---|---|---|
| Day 1 | 0.01% | 0.01% |
| Day 10 | 0.05% | 0.05% |
| Day 30 | 0.1% | 0.1% |
| Day 90 | 0.3% | 0.3% |
| Year 1 | 3% | 3% |
| Year 2 | 6% | 9% |
Keep in mind that these numbers are just estimates based on mining behavior and Pi Network’s design.
Tracking Pi Network’s Supply and Unlock Status:
The Pi Network app and its official website provide real-time information on supply, mining rewards, and updates on the unlocking process. As more news is released by the developers, detailed charts might be available to track these numbers over time.
Would you like me to help you visualize a daily unlock chart or anything else?
