$PI Pi coin has a total supply of 100 billion, with mining pools containing 65 billion. What about the remaining 35 billion? The following is Alipay's Qianwen answer:

Core Team (20%): 20 billion coins, used to support the project's development, operations, and long-term growth.

Ecosystem Building (10%): 10 billion coins, managed by the Pi Foundation, used to fund community projects, developer ecosystem construction, and more.

Liquidity Pool (5%): 5 billion coins, used to ensure transaction liquidity and market stability within the future ecosystem.

Therefore, these 35 billion coins (20 billion + 10 billion + 5 billion) are not unaccounted for, but rather reserved for the project's continued development, ecosystem building, and market operations.

How are the core team's 20 billion coins allocated?

Regarding the 20 billion coins (20% of total supply) held by Pi Network's core team, the currently available public information and economic model design primarily clarify their purpose and release mechanism, but have not disclosed detailed individual allocation lists within the team.

The following is a detailed analysis of the allocation of these 20 billion coins based on available information:

1. Allocation Purpose: Development and Maintenance

These 20 billion coins are specifically reserved for Pi's core team (including project founders, developers, and operational backbone members).

Main objective: To serve as compensation and incentive for the team's efforts in network construction, continuous development, infrastructure maintenance, and ecosystem expansion initiatives.

Fund nature: This portion of funds is intended to support the project's long-term operations, ensuring the team has motivation to continue maintaining the network and driving its development.

2. Release Mechanism: Vesting Schedule (Vesting)

To prevent massive token dumping by the team in the project's early stages that could crash the market, these 20 billion coins are not unlocked all at once, but rather follow a strict vesting schedule:

Synchronized Release: The unlock speed of team tokens remains consistent with the migration progress of community mining rewards. This means that only as community members complete KYC and migrate tokens to the mainnet will the team's unlocked tokens increase accordingly.

Long-term Lock: This mechanism ensures that team interests are aligned with community interests, promoting long-term commitment. According to relevant data, the network will gradually unlock tokens, with this process expected to continue until around May 2028.

3. Specific Internal Allocation: Not Fully Disclosed

While officials have clearly stated that the team has a total allocation of 20 billion coins, the specific breakdown of these 20 billion among team members (such as founders Nicolas Kokkalis and Chengdiao Fan versus other employees) currently has no detailed public disclosure.

External estimates: Some analysts point out that if only divided equally between the two founders, each person's coin holdings would be extraordinarily valuable (potentially worth tens of billions of dollars based on fully diluted valuation calculations), though this is merely speculation based on total supply.

Transparency concerns: This is also a major criticism point regarding Pi Network's governance structure, namely the lack of community-driven decision-making mechanisms and the core team's control over a significant proportion of token ownership.

In summary, these 20 billion coins represent the team's "wages" and "operating funds," gradually released through a vesting mechanism tied to community progress to prevent market dumping, but the specific details of individual internal allocation remain undisclosed to the public.