Pi Coin Surge: Community Rewards Fuel Price Increase

Pi Coin Surge: Community Rewards Fuel Price Increase

coingape.com
April 19, 2025 by Jhon E. Bermúdez
7
The price of Pi coin has seen a considerable rise recently, spurred by a recent announcement that detailed the project’s tokenomics and migration plan. The news revealed a key element of Pi Network’s long-term strategy: a substantial 65 billion Pi tokens have been allocated as a reserve for community mining rewards. This highlights the commitment


The price of Pi coin has seen a considerable rise recently, spurred by a recent announcement that detailed the project’s tokenomics and migration plan.

The news revealed a key element of Pi Network’s long-term strategy: a substantial 65 billion Pi tokens have been allocated as a reserve for community mining rewards. This highlights the commitment of Pi Network, an organization that has diligently worked for over six years to cultivate its ecosystem.

Pi Coin Price Pumps Following Token Distribution Details

Fresh data indicates that the price of Pi coin experienced a notable increase of nearly 5.5% over the last 24 hours. The coin’s price moved from a 24-hour low of $0.6098 to reach a high of $0.6599.

Prior to this price movement, Pi had been trading within a seven-day range of $0.594 to $0.774. The latest announcement appears to have fueled bullish price momentum. It’s noteworthy that of the 100 billion maximum token supply, a significant 65% – that’s 65 billion tokens – is specifically allocated for community mining rewards. CoinGape has also published an analysis exploring the potential heights Pi Coin could reach if major banks were to adopt it.

According to the announcement, the remaining token supply is divided as follows: foundation reserves are allocated 10 billion tokens (or 10%), liquidity purposes receive 5 billion tokens (or 5%), and the Core Team is designated 20 billion tokens (or 20%).

A distinctive feature of Pi’s tokenomics is that all allocations dynamically track the pace of community migrated mining rewards. This implies that as verified community members successfully migrate to the mainnet, tokens from other allocation categories become available proportionally.

The network explained that this structure “was intentionally designed to align the interests of all parties in the network to get as many Pioneers and as much Pi onto the Mainnet as possible.”

In practical terms, this means the effective total supply at any given time can be calculated by dividing the current migrated mining rewards on the blockchain by 65%.

Mainnet migration advances with phased approach

Pi Network has outlined a structured roadmap for migrating its community of users to the mainnet blockchain. The network highlighted that they have already successfully migrated over 12 million people, describing this achievement as “an achievement of scalability in the industry.”

The migration process is proceeding through distinct phases based on network priorities. Currently, Pi Network is focused on completing initial migrations for users in the queue. This includes verified base mining rewards, Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards.

Once this first migration phase is completed, the network will concentrate on second migrations that will also incorporate referral mining bonuses attributable to team members who have passed KYC verification.

In addition, the final stage will involve transitioning to regular, periodic migrations that will include all bonuses and rewards. CoinGape has also delved into Pi Network price analysis on whether you should sell or hold your Pi Coins.

✓ Share:

Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source: coingape.com