Respected GIEX users,
GIEX Exchange will launch Pi NETWORK (Pi coin) futures, and USDT transaction is supported.
The gross of Pi will be composed of three parts, namely, mining earnings, fission earnings and developer rewards, among which mining earnings will become fewer and fewer until disappearance. If the total number of people on the network doesn’t rise, Pi will be issued additionally without limitations, however, once the total number of people reaches the standard, the mining earnings will be reduced; the issue of Pi will deflate, and it will be hard to get Pi. Based on this design, each user and each coin-holder have a rational choice to continuously develop new users until the mining rewards go to zero. This will be greatly helpful to the security of entire network and the decentration in governance after the major network is put online in the future. The developer rewards will also be produced from mining. However, compared with many “pre-mining” projects, the mining process of developer rewards of Pi Network is designed to adjust dynamically with the fission of users, and it will grow with the growth of the entire network.
Pi NETWORK (Pi coin) futures will be replaced with Pi NETWORK（Pi coin） major network coins by 1:1 after Pi NETWORK (Pi coin) is put online officially in the major network.
Launch time: at 10:00 on April 23, 2020 (SGT+8)
Official website: https://minepi.com
White paper: https://minePi.gitee.io/white-paper.htm