This is the dashboard which we regularly publish in our Pi-token Telegram group: https://t.me/promille_project
In this article we will explain the main graphics in this dashboard.
First: Pi in circulation:
The Pi in circulation shows how many Pi tokens are out there backed 1:1 by TRX. Our intention is that this should be an ever growing line, but in case some holders want to exchange their Pi to TRX, we have the backing grade to show the health of our project from TRX token liquidity point of view:
The backing grade shows our ability to convert Pi back to TRX. As long as the backing grade is above 100% it means that we have enough funds to exchange Pi (not held by founders) back to TRX by selling CITYUPTAKE tokens for market value and using the reserve funds. The backing grade made a drop due to the big buys, but is still well above the required 100%.
The rewards reserve shows how much TRX we have in our wallets and how many days of rewards that represents. As the daily rewards increased significantly today the amount of rewards reserve decreased but is still well above our target of 50 days.
Come and check us out!!
