Pi Network Unlocks 25% of Total Pi Mining Rewards, Open Mainnet Soon?

So far, Pi Network has unlocked over 400 million $PI, representing 25% of the total mining rewards. More unlocked coins indicate increased Pi transactions and rewards for Pioneers in the industry.

Latest Pi Network News: More Mining Rewards Unlocked

Pi Network’s latest activity metrics indicate that the mobile mining blockchain protocol has unlocked up to 25% of its total mining rewards. And the number is increasing.

Edycabas on Twitter revealed the protocol’s enclosed mainnet action to the public. According to the top Pioneer, about 1,578,707 million Pi was deducted from the total locked mining rewards over four days.

The data shows that 1621790457.8859322 Pi mining rewards were migrated to the mainnet, of which the mobile mining platform locked 1220181678.053296 Pi. However, from February 5th to 9th, the locked mining rewards were reduced to 1218602971.0768094 Pi.

Therefore, more than 400 million Pi are unlocked and available for Pioneers, representing 25% of the total mining rewards. More unlocked tokens indicate increased Pi transactions and rewards for Pioneers in the industry.

BTCC will keep monitoring the activities on the Pi blockchain and the news about the Pi Network launch date. Read the following articles for more information about the Pi Network:

• Pi Network Launch Date: When Will Pi Coin Enter The Market?
• Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?
• Will Pi Network Ever Launch? What Stage is Pi Network Now?
• Pi Coin Price Prediction 2025:Will Pi Ever Be Worth Money?
• Pi Network Price Prediction Hinges on Its Open Mainnet Launch
• Pi Network 2022 Year-End Update
• Pi Network Review: Is Pi a Scam?
• Pi Wallet: Does Pi Network Have a Wallet App?
• Pi Network News: Will Pi Coin List on Binance?
• Will Mined Pi Tokens Be Part Its Circulating Supply?
• Pi Crypto Introduces Cross-Chain Bridge – PiBridge
• How to Create a Pi Network Invitation Code

Disclaimer: Pi coin carries a high level of risk and it is not recommended to trade this coin.

FAQs

1.Is Pi coin real or fake?

Currently, no one knows the answer to the question whether Pi coins are real and legal. There is no cost to install the application. However, there may be issues regarding data privacy and lack of transparency.

2.Is Pi Network worth anything?

As Pi Network is still in its enclosed mainnet period and has not yet launched the open mainnet, the platform insists that its token is currently not tradeable during the period. We believe that Pi coin will have its own real value only when Pi Network launches the much-anticipated open mainnet to the public finally. So will Pi ever be worth money? We have to wait and see.

3.How much is 1 Pi in dollars?

Though several exchanges such as Huobi has listed Pi coin and shows live Pi network value, the Pi Core team asserted that all these listings were conducted independently of the team and were not approved. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.

4.What stage is Pi Network now? Will Pi Network ever launch?

Pi Network has evolved over the years and is currently in its final stages of opening the mainnet to the public. The transition is on schedule, but there is no definite timeline yet.

5.Does it have a Pi wallet app?

Yes, but Pi wallet currently only connect to the Testnet, with only Test-Pi for testing. It will have the real Pi coins inside when Pi Network mainnet goes live, when it will enable actual Pi transfers.

6.Is Pi mining legal?

Yes, it is legal as it does not involve any cash investments to mine it. All you need is about 20 seconds of your time (typically less than 20 seconds) to click on the lightning button to start mining once every 24 hours. If you already have the app, you can wait to see if the founders build something of significant value.

7.What about the Pi coin price prediction?

There is no way to know the future of a cryptocurrency that hasn’t even been launched yet. No one knows if there will be any value of Pi coin at all. Therefore, Pi coin price prediction seems impossible as of this time.

Despite all this, some Pi project enthusiasts argue that the final mainnet launch is not expected to take long to come. They think the smartphone minable coin will hit the public space this year. And Pi coin value could explode soon if listed on top crypto exchanges such as Binance and Coinbase.

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