Overview
- The MiCA whitepaper, published November 19, seeks admission to trading across the EU and EEA, with any exchange listings contingent on regulatory certification and platform decisions.
- Pi has limited regulated exposure through the Valour Pi ETP listed on Sweden’s Spotlight Stock Market, offering investors indirect access while native token listings await approval.
- The project describes a layer-one blockchain using the Stellar Consensus Protocol with Federated Byzantine Agreement and reports annual energy use of 0.0024 TWh, about 99.9% less than Bitcoin.
- Token distribution involved no ICO or pre-sale, the supply is capped at 100 billion with more than 8.2 billion circulating, and the token carries no ownership, dividend, governance or equity rights.
- Pi emphasizes non-custodial wallets with user-held keys, KYC/KYB identity checks, secondary-market trading only, unrecoverable private keys, and a v23 protocol upgrade targeted before the end of 2025.