At first, let’s get a clear difference between digital “Coin” and “Token”
Digital Coins : They’re native to their Blockchain. Coins are most often used simply as money. however, some coins do have other uses. These include being used to fuel applications, being used as a stake to validate a transaction on a network, or being used to fuel smart contract and token transactions.
Digital Tokens : A token is a unit value that exists on an existing blockchain. Tokens do not have their own blockchain but depend or exist on an existing blockchain of a cryptocurrency.
The distribution breakdown of Pi for the mining and distribution process can be found in the white paper [ Pi Token Emission]. Please don’t get confused that it means Pi will be a Token.
Pi adopted stellar consensus protocol for it’s mining protocol. As validators (miners) across the network construct their quorums, these quorums help nodes to reach consensus about transactions with guarantee on security. Their implementation and deployment will depend on nodes updating the mining software just like any other blockchains. At a certain time, No central authority will be controlling the currency and it will be fully decentralized. Bear in mind that coin requires their own blockchain and that is what we’re building today through our Nodes. Pi will not be a token from another platform/blockchain. Pi will operate on its stand alone blockchain and it will be a COIN.