Pi Network

Pi Network is a Layer 1 blockchain project that classifies itself as a social cryptocurrency and developer platform. It aims to make participation in a digital currency network accessible to ordinary smartphone users by allowing them to accumulate tokens through a mobile application rather than through energy-intensive mining hardware. The stated goal is a widely distributed currency usable for everyday transactions, targeting people who have historically been excluded from cryptocurrency networks by technical or financial barriers.

Pi Network runs on the Stellar Consensus Protocol using a Federated Byzantine Agreement model, in which nodes reach agreement by trusting selected groups of peers rather than competing to solve cryptographic puzzles. Users participate in roles — pioneers, contributors, ambassadors, and nodes — and security is maintained through user-formed groups called security circles, where members vouch for one another to build a global trust graph. The PI token exists within this network and is intended to facilitate transactions on the platform, though the block time recorded in the data is 0.0 minutes and the consensus algorithm field is not populated, limiting the mechanical detail available here.

The data stored for Pi Network does not include a fee stream — there is no recorded protocol revenue, fee collection mechanism, or distribution of fees to token holders or the protocol treasury in the metrics provided. This means the fee-based measures that this site calculates for other assets are not applicable here. What the data does show is that 65% of the total token supply has been issued as of the point-in-time snapshot, that only 11.24% of the 100,000,000,000 maximum supply is currently in circulation, and that the dilution overhang — the share of maximum supply not yet in circulation — stands at approximately 53.85%.