ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Coinmotion Oy |
Relevant legal entity identifier | 743700PZG5RRF7SA4Q58 |
Name of the crypto-asset | Pi Network |
Consensus Mechanism | Pi Network uses a consensus mechanism derived from the Stellar Consensus Protocol (SCP), which is based on the Federated Byzantine Agreement (FBA). The network relies on a trust graph built from “Security Circles” created by individual users. Each participant adds trusted members to their Security Circle, and these interconnected trust relationships form the basis for validating transactions and securing the network. |
Incentive Mechanisms and Applicable Fees | The Pi Network incentivizes user participation through a mobile-first mining system that distributes Pi tokens based on user engagement and contributions to network growth and security. Users, called Pioneers, earn tokens by logging into the app daily and actively participating in the creation of Security Circles, which help build the trust graph required for consensus. Transaction fees on the network are expected to remain low and accessible, and the governance of these fees will evolve as the network transitions fully to its open mainnet phase. |
Beginning of the period | 2024-06-09 |
End of the period | 2025-06-09 |
Energy consumption | 54399.60000 (kWh/a) |
Energy consumption resources and methodologies | For the calculation of energy consumptions, the so called “bottom-up” approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation. |
Renewable energy consumption | |
Energy intensity | (kWh) |
Scope 1 DLT GHG emissions - Controlled | (tCO2e/a) |
Scope 2 DLT GHG emissions - Purchased | (tCO2e/a) |
GHG intensity | (kgCO2e) |
Key energy sources and methodologies | |
Key GHG sources and methodologies | |