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About Pi Network
Pi (PI) is the native cryptocurrency of the Pi Network, a social blockchain project and developer platform designed to make crypto mining accessible to everyone via smartphones. Launched in 2018 by Stanford PhDs Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the network utilizes a mobile-friendly consensus mechanism that allows users to earn tokens without high battery consumption. The PI token serves as a medium of exchange within an integrated ecosystem that includes decentralized applications (dApps), a native wallet, and the Pi Browser. The supply model is capped at 100 billion tokens, with allocations dedicated to community mining rewards (65%), foundation reserves (10%), liquidity (5%), and the Core Team (20%). The network emphasizes security and compliance through a proprietary Know Your Customer (KYC) solution to ensure a one-account-per-person policy.
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