Pi Network's tokenomics are designed to promote community ownership and sustainable ecosystem development. Here's an overview of its key components: Total Supply and Distribution: Total Supply: The maximum supply of Pi (PI) tokens is set at 100 billion. Distribution Breakdown: Community Allocation: 80% of the total supply is designated for the Pi community, rewarding users for their contributions and engagement. Core Team Allocation: 20% is reserved for the Pi Core Team, compensating their development efforts and ongoing project maintenance. Mining Mechanism: Mobile Mining: Pi Network enables users to mine PI tokens via a mobile application, making cryptocurrency mining more accessible. Consensus Algorithm: The network employs the Stellar Consensus Protocol (SCP) and its Federated Byzantine Agreement (FBA) algorithm, ensuring secure and efficient transaction validation. Lock-Up Mechanism: Token Lock-Up: To control market volatility and encourage long-term commitment, Pi Network implements a lock-up mechanism. Users can choose to lock up a portion of their mined tokens for a specified period, reducing immediate circulating supply. Mainnet Launch and Circulating Supply: Mainnet Launch: Scheduled for February 20, 2025, the mainnet launch will transition Pi Network from its development phase to a fully operational blockchain. Circulating Supply at Launch: At the time of the mainnet launch, *approximately 6.041 billion $PI tokens* are expected to be unlocked and available in circulation. Ecosystem Development: Utility Creation: Pi Network emphasizes building real-world utility by supporting decentralized applications (dApps) within its ecosystem, aiming to drive demand and practical use cases for PI tokens. In summary, Pi Network's tokenomics focus on equitable distribution, accessibility through mobile mining, and mechanisms to foster long-term engagement and stability within its ecosystem.