Whitepaper · v1 · draft before deployment
Pi (π)
π is an on-chain experiment with fixed rules: 8,000 seats (1,000 free + 7,000 paid, open together) for wallets holding a .ai Agent ID, a liquidity pool that opens by itself within 24 hours, open stepped minting afterwards, and stake-mining that halves by height. Nobody can change any of it after deployment.
01Two theorems
I. The pool opens within 24 hours, full or not. If seat #8,000 is sold, the pool opens in that same transaction. Otherwise, from 24 hours after the sale starts, the first transaction (anyone may call openPool()) opens it.
II. Nobody holds the keys. No owner, no admin, no pause, no blacklist, no whitelist, no upgrade, no adjustable tax, no withdraw function. LP tokens are burned to 0x…dEaD.
02Pre-open seats
- Sale starts 2026-11-15 20:00 UTC+8 (12:00 UTC).
- 8,000 seats in two pools that open together at the sale start: 1,000 free and 7,000 paid at 0.005 BNB (payable in USDT, swapped to BNB in the same transaction). Each pool has its own counter; the progress line shows both against one total of 8,000.
- Only wallets holding a BSC .ai Agent ID (registry
0x60B9…022F) can take seats. Per Agent ID: 1 free seat, and separately up to 5 paid seats, +1 per valid invite. Taking the free seat does not reduce the paid cap. - A paid seat delivers 9,014,000 π, a free seat 901,400 π (10%), straight to the buyer's wallet in the same transaction.
- 100% of the BNB raised goes into liquidity. The treasury receives nothing before the pool opens.
03Opening the pool
On seat #8,000 (both pools sold out — the last seat can be free or paid), or with the first transaction at or after 2026-11-16 20:00 UTC+8 (at least one paid seat is required; from then on free seats close once a paid seat exists), the contract adds all sale BNB + 64,000,000,000 π to a PancakeSwap V2 π/WBNB pair and sends the LP tokens to 0x…dEaD. This happens exactly once. Free or paid seats not sold by then join the shared reserve.
Pre-open transfer lock. Until the pool opens, the only π transfers that can happen are from PiGenesis to buyers, staking (PiOrbit pulling a staker's own π in stake(), and PiOrbit paying claims and withdrawals back to that same staker), and transfers between the system contracts (PiGenesis, PiOrbit, the token, its tax relay). Wallet-to-wallet transfers, direct transfers into PiOrbit and transfers into any pool revert; π that comes back from staking before the open stays locked in the staker's wallet, so nobody can create a pool before the official one. The lock lifts automatically and permanently in the transaction that opens the pool; there is no owner and no switch, so nobody can lock transfers again.
04Post-open mint
- Open to anyone — no Agent ID, no wallet cap, no share cap. BNB or USDT.
- Share price: 0.006 BNB, rising 0.001 BNB every 100 shares.
- π per share = share price ÷ (reference price × 0.95). Reference price = the highest of the live pool price, the time-weighted average price over at least the last 30 minutes (TWAP, from the PancakeSwap price accumulator; observations at most every 5 minutes, stored by every post-open mint or by anyone via
poke()) and the price at the start of the current block. During the first 30 minutes after the open, the open price stands in for the TWAP. The buyer sets a minimum output. - Payments go 100% to the treasury. Minting stops when the shared reserve is exhausted.
π_out = price ÷ (0.95 × max(P_spot, P_twap30, P_blockStart))
05Stake-mining
Starts with the sale (2026-11-15 20:00 UTC+8), before the pool opens. Any wallet can stake π by the share — no Agent ID is required; each share network-wide moves the share height up by one. Rewards halve every epoch and stop after the last epoch.
- Daily quota: 5 shares per wallet, +1 per valid invite made by that wallet, reset at 00:00 UTC. The quota is per wallet, so it can be multiplied by using more wallets.
- Reward per share = base + reward base × multiplier, locked when the position opens and released linearly by the second over 14 days.
claimRewardpays the released part at any time;withdrawreturns principal and the rest after 14 days. No early exit.- A stake that crosses a halving height is split between the two rates.
network shares include shares minted after the pool opens
pacing cap: if the reserve cannot pay 1.25× the current rate to the epoch's end, the multiplier eases down
| Constant (PiOrbit) | Value |
|---|---|
| π staked per share | 10,000,000 π |
| Shares per epoch | 20,000 |
| Epochs | 10 |
| Epoch-1 base / reward base per share | 200,000 π / 100,000 π (halving each epoch) |
| Staking reward schedule (all epochs, at most) | 27,972,656,250 π |
| Seeds (network / staked) | 1,000 / 200 |
06Invites
A valid invite: the invited wallet names the inviter in its first mint; the inviter holds an Agent ID and has minted. Each valid invite adds +1 to the inviter Agent ID's pre-open paid cap and +1 to the inviting wallet's daily staking quota. When the pool opens, the top 100 inviters share 4,000,000,000 π in proportion to their invites, claimed by each inviter with claimInviteReward().
07Supply & allocation
Total supply 800,000,000,000 π, created once at deployment and held by PiGenesis, which has no withdrawal function; the token has no mint function. π leaves PiGenesis only under the rules above.
| Part | Share | π | Use |
|---|---|---|---|
| Shared reserve | 83.5% | 668,000,000,000 | post-open mint and stake-mining rewards |
| Initial liquidity | 8% | 64,000,000,000 | paired with all sale BNB; LP burned |
| Pre-open seats | 8% | 64,000,000,000 | 8,000 seats (7,000 × 9,014,000 + 1,000 × 901,400) |
| Top-100 inviters | 0.5% | 4,000,000,000 | pro rata to invites, self-claim |
08Tax
Buy 1% / sell 2%, only on trades against the main PancakeSwap pair. Wallet transfers, staking and contract calls are tax-free. All tax is swapped to BNB and sent to the treasury (buy tax waits in the token contract until the next sell or wallet transfer, then is sold in full). There is no launch snipe tax and no mechanism that front-runs sellers.
09Permissions & hard checks
- No owner or admin role; nothing can pause, blacklist, re-price or withdraw.
- Total supply is fixed at 800,000,000,000 π; nothing can mint more.
- Before the pool opens π cannot move between wallets or into any pool (staking in and out of PiOrbit is the only exception, always back to the same wallet); from the open on, transfers are free forever.
- Each function moves only its own funds; the pool opens only once; LP goes to
0x…dEaD. - The only fixed fund flow is to the treasury
0xd303…348f.
10Addresses
11Risks
π is an independent experiment. It is not affiliated with, endorsed by or partnered with Binance or any other project. π has no utility and no promised value or return; its price can go to zero. Smart contracts can contain bugs. Nothing here is financial advice.