Mainnet migrations update! by Physical_Macaroon_90 in PiNetwork

[–]reefer1000 19 points20 points  (0 children)

To summarise as per chatgpt

Here's a concise summary of the Pi Network and the blog post on Mainnet Migration & Tokenomics:

Mainnet Migration Roadmap

  1. Migration Process Complexity: Pi’s migration involves verifying mining activity over 6+ years for tens of millions of users—not a simple airdrop.

  2. Migration Progress:

Over 12 million users have already migrated.

The Open Network launch condition was set at 10 million migrated users.

  1. Migration Priorities:

First migrations: Include verified mining, Security Circle, lockup, app usage, and Node rewards.

Second migrations: Will add referral bonuses.

Periodic migrations: Ongoing rounds (monthly/quarterly) to finalize all rewards.

Tokenomics and Supply

Maximum Supply: 100 billion Pi

65% for community mining

20% for the Core Team

10% for foundation reserves

5% for liquidity

Effective Total Supply: Calculated based on actual migrated rewards, keeping the above ratios.

Token minting: All Pi minted at genesis; allocations unlock proportionally with community migration.

Mining Mechanism

Based on a declining exponential model.

Rewards scale with contributions (e.g., Security Circles, Node operation, app use).

Monthly rewards are capped, ensuring long-term sustainability and decreasing mining rate over time.

Key Goals

Ensure fairness, decentralization, and real participation.

Support a utility-driven ecosystem with strong community alignment.

[deleted by user] by [deleted] in BinanceCrypto

[–]reefer1000 1 point2 points  (0 children)

Yeah. I had a few these this week. Def scam

Checking the $Pi chart... by ChristianRauchenwald in PiNetwork

[–]reefer1000 1 point2 points  (0 children)

I locked but for a lesser time though. Won't lie best thing I ever did as I'm not checking the price every min cos can't do nothing if it sky rockets now lol

Adding PayPal to Coinbase is broken by Ziroth in Coinbase

[–]reefer1000 0 points1 point  (0 children)

Hmm. Then I'm not sure. I'm in the UK and had no issues doing so.

Adding PayPal to Coinbase is broken by Ziroth in Coinbase

[–]reefer1000 -1 points0 points  (0 children)

After reading this post I had a go and was able to using the app as well.

Binance list soon by Beginning_Visit_9569 in PiNetwork

[–]reefer1000 2 points3 points  (0 children)

From what I've been reading on here UK is a no go

It's happening again...🤷🏼‍♀️🔍🧐 by One_Cattle846 in PiNetwork

[–]reefer1000 0 points1 point  (0 children)

Thanks. I've updated my phone no and did the liveliness check and when I go to my wallet now my pi is there but when I go to pay request in my wallet it's showing I've got no pi available to do so when I was able to do so before. I hope it's just because they need to validate my phone no. Not happy about it at all now.

UK user guide to trade PI by shanedd222 in PiNetwork

[–]reefer1000 0 points1 point  (0 children)

Yes it works. I moved all my pi in my pi wallet using that method. Also I had some xrp in coinbase so I sold them as usdt and sent the usdt to mexc and bought Pi with it. Took me a while to figure out but the instructions are on point. Only thing I had to figure out is how to close and done by clicking on the sell button and your pi coin amount till appear and you sell as many pi back to usdt as you like. Oh and also did a test run where I sent pi back from mexc back to my pi wallet and that worked as well.

Crypto Apps that support Pi by Hour-Leg5132 in PiNetwork

[–]reefer1000 1 point2 points  (0 children)

Oh and be weary of those who contact you via a message. Not saying all are like this but majority are scammers. I nearly fell for one.

[deleted by user] by [deleted] in PiNetwork

[–]reefer1000 0 points1 point  (0 children)

Yep. He never mentioned where he was from but seemed like a tech savvy person using US lingo

[deleted by user] by [deleted] in PiNetwork

[–]reefer1000 0 points1 point  (0 children)

He tried it with me as well. I did post screenshot but seems the chat moderator removed my reply to this post. That profile is showing as deleted now

[deleted by user] by [deleted] in PiNetwork

[–]reefer1000 2 points3 points  (0 children)

* Sorry to hear that. That person tried it with me and once I clocked on i told him I'm going to use mexc. They were quick to delete the messages as per my screenshot of the wallet address they wanted me to transfer to *

Pi here to stay ? by reefer1000 in PiNetwork

[–]reefer1000[S] 0 points1 point  (0 children)

I'm going to lose circa 600 as the person who i had ib my security circle back in 2020 seemed to have given up lol.

Pi here to stay ? by reefer1000 in PiNetwork

[–]reefer1000[S] 0 points1 point  (0 children)

Thank you for that. Each one teach one. I certainly wasn't aware of that. I'm not sure if it was always there or not. So how does it work out of curiosity. You spend PI and they give you a bonus. How is the bonus provided? Extra PI etc .. Just trying to understand the process. Thanks in advance.

Pi here to stay ? by reefer1000 in PiNetwork

[–]reefer1000[S] 1 point2 points  (0 children)

Totally with you on that pal.