How do lockups on Mainnet work?At M

How do lockups on Mainnet work?At Mainnet, the lockup reward is meant to support a healthy and smooth ecosystem and incentivize long-term engagement with the network, while the network is bootstrapping the economy and creating demands. It is an important decentralized macroeconomic mechanism to moderate circulating supply in the market, especially in the early years of the open market when utilities are being created. One important goal of the Pi Network is to create a utility-based ecosystem of apps. Transactions for real goods and services in the ecosystem, rather than just speculative trading, are intended to determine the utility of Pi. As we launch the Enclosed Network phase of the Mainnet, which will be introduced soon, one of the main areas of focus will be to support and grow the Pi app developer community and nurture more Pi apps to grow. In the meantime, Pioneers can choose to lock up their Pi to help create a stable market environment for the ecosystem to mature and for more Pi apps to emerge and provide compelling use cases for spending Pi – to ultimately create organic demands through utilities.The lockup feature will be active when we launch the early version of the Mainnet later this month, but you can take time to learn about and even preselect lockup configurations now before you are KYC’ed or ready to migrate to the Mainnet. You can decide to change your lockup configuration anytime you want as an overall account-wide setting in the Pi app.