Pi Network co-founder discuss launch, future and tokenomics Mainnet

In front of Pi Network Launch Mainnet What happened 20. February, Cripto.News had the opportunity to conduct K & A with co-fundors PI Netvorske, Dr Nicolas Kokkalis, which is the chef of technology and Chengdiao fans that is the head of the product.

PI Network now has 100 applications ready for Mainet. What is the strategy to ensure the mass adoption of these applications?

PI (Write) Ecosystem, currently located with over 100 applications for Mainet or Mainette, and is designed to be affordable and offers an inappropriate user experience via PI browsers, Ecosystem interface and service programs.

The PI search engine allows easy navigation, facilitating an individual application for pioneers that act in all integrated PI applications. It also allows intuitive and secure application payments via the official app of PI wallet, which is directly integrated into the user experience.

Moreover, Pinet allows Web3 PI applications to be visible and created by web2 browser, creating a “loop” where PIs Millions of users can share applications and support network utility at the same time.

All in all, these functions make it easier for developers to build, and users are used and engaged with ecosystem, which promotes developers to further build and improve the PI applications.

While the tools for developers are essential, the ultimate mass adoption of these applications is relied on developers and companies that continue to establish real utilities and providing true cases of use to the pioneering community.

With millions of PI tokens, how do you plan to prevent hyperinflation and create a long-term model?

PI Network (Write) is designed carefully structured tokenomika A model that seeks to balance accessibility, supply and long-term utility. Our goal is to ensure that Pi remains stable by having a fair and wide distribution of tokens and facilitating the case of use of PI in the real world. Here’s how it was achieved:

PI promotes growth and accessibility, and at the same time deals with potential problems of stability by declining models of publishing tokens and verification of identity as a condition for obtaining PI.

In addition to the tokenomic, the Ministry of Mining for Pi is balances the need for growth, accessibility, longevity and supply while prizes for users in the right dimensional contributions (including actions such as security laps, using PI utility services, etc.) on the network.

The model works partly using a system rate of a mining system (1) multiplied by the mining rate of each individual and (2) set dynamically based on monthly supply restrictions (calculated based on the remaining total supply).

The overall mining rate for each user may increase or decrease monthly based on such an offer and other factors that are exponentially, as PI closer to the supply boundaries, not enabling infinitely, inflationary growth. Read the main network chapters for detailed information on how the formula is doing exactly.

In addition, PI Network as a whole was built around developing and providing long-term utilities and use of cases for their million users. By focusing on applications that solve real needs, the adoption of a trader in local trade and accessibility, PI continues to function as an intrinsically motivated project with the right utility that support their token.

You claimed to expect Pi to be in line with traders. How will you ensure that this happens at the global level?

PI Network has enabled the global adoption of the merchant by providing complete experience of ecosystems on PI through applications and utilities in PI browser, an active customer base and overall availability.

For example, PIFEST 2024, a weekly event, facilitated transaction PI for goods and services between Pi dealers and pioneering customers at the local level, attracting over 27,000 tests in 160 countries and participation over 950,000 pioneers within a few days.

PIFEST presented the complete PI ecosystem for the integration of local trade, which connects storage via PI wallet, transactions on PI Mainnet BlockenCain and Social Sharing on Fireside Forum – everything carelessly working in a variety of occasional

PI-this solid infrastructure, a global user base and a real-world utility make it a scalable solution for traders. With greater adoption, PI is set to become a widely accepted global token for local and internet trade.

Why did it take so long to start an open network?

The unique and innovative design of the annual network period was a strategic choice designed to build a network of true substances and utilities with the best interests of network, communities and individual pioneers in mind.

Historically, any significant creation in the world occupies the time, whether it is a scientific discovery, technological innovation or impact company. While people can be repaired on short, optimistic time frames of the CRIPTO project, such a time frame is not the norm for real creation of communal services.

The growth of such a large social network is required time, but this is a necessary environment and a condition that can lead to real-world utilities focused on solving human needs in everyday life.

The current phase of Mainnet 3 started in December 2021. year with the launch of a closed network period, which meant Mannet, but with a firewall that prevented any external connection. This period set the open network stage, allowing time to:

• Pioneers to Complete Kic;
• Developers for the construction of real applications and communal services for PI ecosystem; and
• Merchants to integrate. For example, achieving local trade integration with PI mentioned before it is possible during this closed network.

Now, as a result of the hard work and commitment of the entire PI network takes a huge next step in achieving the vision to build the most conveniently in the world, which will be used by PI community most commonly used cryptocurrency. In the world.

PI is ready to open our prosecuting ecosystems managed by utility programs where our now over 19 million pioneers can use PIs to use PI cryptocurration with functions and applications that support them in the real world.

What are the benefits of Pi to the merchant and other tokens, especially Stablecoins?

In addition to what is divided into question 3, the focus of the project has emphasized the scope of Pioneers and 10 million mainnet-migrated pioneers, accessibility that is allowed to grow a pi ecosystem that allows for seamless, customer engagement Experiences.