Pi Network Unlocks More Pi From Total Mining Rewards

Recent metrics indicate that the mobile mining blockchain protocol has unlocked up to 25% of the total mining rewards.

BSCN

February 10, 2023

More Mining Rewards to Interact With

Pi Network’s latest activity shows that the blockchain protocol has unlocked up to 25% of its total mining rewards.

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 rewards over four days.

Around 1,578,707m #Pi was unlocked from the total locked supply in the last 4 days as you can see in these two images from #piblockexplorer metrics. 25% is unlocked now.#PiNetwork #pinetworkworld #PiPayments #PiChainMall #PiHackathon2023 #PiTransactions #PiNetworkMarket $pi #pi pic.twitter.com/clMxZXfxEO
— Edycabas 𓃵 (@Edycabas) February 9, 2023

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, over 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. BSC News will keep monitoring the activities on the Pi blockchain.

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web3 experience where community developers can build decentralized applications (dApps) for millions of users.