# All About Pi Network: Development Process, Coin Distribution and Liquidity Creation
Pi Network is attracting strong attention from the global cryptocurrency community thanks to important steps in preparing to launch **Open Mainnet** - the stage where Pi coin officially participates in the trading market. Below is important information about this project that you should not ignore.
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## What is Pi Network?
Pi Network is a mobile-based cryptocurrency project (**mobile-based cryptocurrency**), with the goal of making cryptocurrency mining easier and closer to everyone. The special thing is that you **don't need to own expensive hardware or deep knowledge of technology** to participate.
– **How it works:** Pi uses **Stellar Consensus Protocol (SCP)** to verify transactions, allowing users to "mine" coins simply by pressing a button on the application once every 24 hours!
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## Pi Coin Distribution and Liquidity
Pi Network has carefully planned the coin distribution to ensure the sustainability and long-term success of the project:
### **1. Coin Allocation to Pioneers:**
– The majority of Pi coins will be reserved for the Pioneers community - those who have persistently mined Pi during the **pre-Mainnet** period.
– **Conditions:** Miners need to complete identity verification (KYC) to be able to move their coins from **Enclosed Mainnet** to Open Mainnet wallet.
### **2. Market Liquidity:**
– A small portion of coins will be allocated to exchanges to establish the initial price of Pi coin and support transactions.
– This helps control the circulating supply to avoid inflation or strong fluctuations that affect the Pi value.
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## Creating Liquidity – Strategic Move
Pi Network has prepared important steps to build a **liquidity pool** - a liquidity fund that supports easy transactions when Pi coin officially goes on the exchange.
– **Total Pi coin supply:** 100 billion coins.
– **Current supply:** 68 million coins.
In the plan, a portion of these coins will be **transferred to a liquidity wallet** to ensure trading ability and maintain market stability when Pi Network enters the Open Mainnet phase.
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### Conclude
What we see is that Pi Network is on the right path to be ready for a major breakthrough. From fair distribution of Pi coins to building solid liquidity, this project promises to create a **ever more stable and accessible cryptocurrency ecosystem** for the global user community.
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Are you ready to witness the **explosion of Pi Network**? Make sure you complete KYC and follow the latest information from the project!
