#PiNetwork

Pi Network Confirms Strict Mining-Only Pi Distribution Under MiCA Documentation

Pi Network has officially reaffirmed its strict mining-only distribution model through its recent MiCA documentation, explicitly prohibiting the purchase of Pi tokens. The Pi Foundation, Pi Bit, SocialChain Inc., and all affiliated entities are confirmed to have no involvement in token sales, private offerings, or market-based distribution. This clarification aims to eliminate speculation regarding indirect sales channels and reinforces the project's commitment to user participation as the sole acquisition method. By aligning with the European Union's Markets in Crypto-Assets (MiCA) regulation, the network seeks to provide transparency and reduce regulatory uncertainty regarding its economic structure. This approach distinguishes Pi from projects that rely on initial coin offerings or exchange listings, prioritizing an inclusive, mobile-based mining system. For the broader RWA and crypto market, this stance highlights a deliberate strategy to avoid speculative trading in favor of ecosystem engagement. As the project matures, this rigid distribution framework serves as the foundation for its future utility and integration within the Web3 space.

hokanews.com·Jun 19