Pi Network has recently experienced a significant decline in value, removing billions of dollars from its capitalization. Concerns about dilusion are the main focus because more than 1.6 billion coins are scheduled to open this year.
In the midst of market conditions that also see a decline in the price of Bitcoin $BTC 1.78%-> and other altcoin, speculation about the burning of PI coins emerged as a hot topic.
Pi Network will still experience more unlocking in the future. According to Coinmarketcap, currently there are 6.84 billion tokens circulating, while the maximum supply reaches 100 billion tokens.
Reporting from Coingape (19/3), there are two main approaches that can be done for burning token PI. First, by burning the token of pioneers who don't finish KYC and don't migrate to MainNet
Resources by : #pintu
