**TOPIC #82: ANALYSIS OF CT's STRATEGY BEHIND THE EXCHANGE MARKET **
Dear Global Pioneers,
I acknowledge that the announcement regarding the Open Network yesterday may have caused disappointment among some members of the community. However, I would like to take this opportunity to present my analysis of the rationale behind CT’s actions and the considerable potential associated with this initiative. It is important to clarify that this analysis reflects my personal perspective; I do not have any formal affiliation with CT, and the insights I provide are intended as a reference. It is my aspiration that this information will foster trust in CT and GCV. Furthermore, I would like to emphasize that this article is not intended for financial advice; rather, it serves solely for educational purposes.
**Why CT is Taking a Two-Step Approach to the Open Mainnet (OM):**
The Open Network launched on February 20, 2022, primarily aims to enhance the external connectivity of the Pi Network, enabling it to integrate more effectively with real-world applications, such as API interactions with external systems.
The full Open Mainnet is targeted for the first quarter of 2025, with the objective of achieving complete decentralization. This will allow users to trade and utilize Pi coins freely while ensuring the network's stability and safety. At this stage, the source code will be fully accessible, and Pi will be recognized both as a digital currency in ecosystem and as a digital asset in the exchange market. GCV will be completely implemented as per the code from Github. The Open Network marks a crucial milestone on the path to successful OM.
**The Implications of Pi Network’s Pi Token Listing and CT’s Decision on Price Strategy:**
Following the initiation of the Open Network, the restrictions preventing the listing of Pi coin on exchange markets have been lifted. This means Pi Network cannot control its market listing anymore. Since CT cannot stop exchange listing, so why not take the advantage from it. During the Open Network phase, CT can allow external buyers to acquire Pi to gather FIAT liquidity and broaden the adoption of Pi. This strategy enables cryptocurrency investors or others who missed early mining opportunities to hold Pi after OM as ecosystem customers.
According to our migration agreement, specifically the section "C. Restriction on Transfer," it states that the tokens are not intended to be securities. However, there remains substantial uncertainty regarding the classification of this digital asset and no registration for the offer, sale, or distribution of the tokens has been made with the United States Securities and Exchange Commission (SEC) or any other jurisdiction. If these tokens were classified as securities, they could face resale restrictions and other regulatory requirements. This indicates that Pi Network is not registered as a security like traditional cryptocurrencies. Our primary aim is to develop a digital currency rather than merely a digital asset.
However, before we achieve true digital currency status, we will temporarily position ourselves as a digital asset once listed on the exchange market, where it may be treated as a security. Therefore, we must comply with SEC regulations, which prevents CT from announcing an exchange market price. The price must be determined by market supply and demand.
All pioneers must comprehend that the journey to establishing a digital currency constitutes a significant revolution rather than a reform. Reforms can occur in a top-down manner, where we as ordinary individuals must wait to follow directives. In contrast, revolutions stem from grassroots efforts, signifying that we need to approach this with hard work and strategic thinking. As we cannot prohibit the exchange market from listing Pi, we must respect the rules of the exchanges. While Pi Network is not a traditional cryptocurrency, we do possess an ecosystem that can support the price of GCV, backed by our dedicated pioneers.
This is also a reason for our extensive educational endeavors; we utilize the Pioneers Handbook to nurture community support for GCV. Thus, during this phase in the exchange market, our GCV supporters are unlikely to sell, and potential buyers of Pi are more likely to hold until they see GCV pricing or establish use cases within the ecosystem. Consequently, the number of sellers under GCV will diminish over time, leading to a clearer visibility of GCV prices in the exchange market while remaining compliant with SEC regulations.
Should CT announce the GCV price at this stage, the consequences could be dire. The SEC may launch an investigation into Pi Network, potentially resulting in the closure of the network, which would shatter the dreams of our pioneers. Even if such a closure does not occur, there would likely be insufficient buyers for the GCV at this early stage when our ecosystem has not yet achieved widespread adoption.
Therefore, it is essential to generate market demand for Pi at a lower price. A low price can attract outside investors, as well as give pioneers the opportunity to acquire it. Currently, the price hovers around $0.70. This lower price will deter black market activity and draw various buyers to our verified exchange markets. As more buyers enter, we can expect the price to rise when low-priced sellers begin to sell out. As the price appreciates, additional sellers from unauthorized exchange market will likely join the verified exchange market.
This process will help eliminate low-priced sellers, ultimately leading to an environment where GCV becomes prominen. Once buyers are acquainted with GCV, they will refrain from selling their Pi holdings, as all investors seek to maximize their profits. This dynamic is essential for achieving GCV in the exchange market. Therefore, if one wishes to expedite the realization of GCV to OM, it is advisable not to list Pi for sale below GCV $314,159. but it's a good time to invest to buy Pi as it could facilitate a quicker unification of the price towards GCV.
As previously mentioned following the Open Meeting (OM), the mining rate for Pi will progress at a considerably slow pace, remaining below 0.1 or even 0.01 yearly. This indicates that, in the first year, the majority of miners will be unable to hold more than 0.01 Pi. However, our ecosystem requires a greater number of buyers to ensure robust support. Consequently, this presents a prime opportunity for investors to familiarize themselves with the Pi Network.
Currently, even black market sellers perceive the price as too low, being significantly below the amount they initially paid. Thus, they are likely to withhold sales until the price higher. When they see Pi can reach GCV in short time, most of them will HOLD. Sellers offering Pi at low prices will exit the market swiftly after sold out. This is the reason why the Core Team (CT) is maintaining the pace of Know Your Customer (KYC) processes and migration. The reason fewer than 11 million wallets have undergone migration is that this approach will expedite the removal of low-priced offers because of small size group. All these elements will foster a market environment where investers cannot find low price but GCV, thereby facilitating a seamless alignment of the price with GCV.
It is vital to remain undeterred by the current price of Pi. This price is not indicative of its final value; rather, it represents a transitional phase leading to the ultimate destination. As we often say, "No one can achieve success easily; there is no rainbow without wind and rain." Following adversity, the resulting opportunity will be even more rewarding.
Merchants are encouraged to continue accepting partial payments in Pi until the CT announces the official Pi value. Furthermore, it is important to note that a Call Auction system has been implemented. This bidding and selling mechanism aims to establish the coin's price. This strategy represents a temporary measure by the CT to establish Pi Stablecoin at GCV $314,159.
I trust that this explanation clarifies the situation, enabling you to build confidence and remain unaffected by external distractions. Let us concentrate on our core responsibilities:
1. Engaging with the Pioneers Handbook to ensure that miners do not sell below GCV.
2. Participating in MapofPi and Know Your Business (KYB) registration to foster an ecosystem that supports GCV.
3. Recognizing that for pioneers interested in acquiring Pi within the exchange market, this is an opportune moment. Some pioneers may feel that the current low price is unjust, especially considering the effort they have invested over the years in mining Pi. It is essential to understand that this situation arises from the actions of fellow pioneers who never been educated. This is not CT's mistake. It is our community didn't do our job well. Thus, I encourage you to promote education regarding the Pioneers Handbook to prevent this scenario from recurring and to help others grasp the value of Pi. Unfortunately, many pioneers remain inactive in this educational initiative. Therefore, who should bear the responsibility for such low price sold by so many pioneers?
At this juncture, you may consider purchasing if you believe the price is excessively low. By acquiring Pi at a lower price, you position yourself for significant gains. We must all remember that we do not possess control over the behaviors of others. Our role is to educate, and we cannot compel compliance. I encourage everyone to act judiciously and maintain a professional demeanor in all undertakings.
I am confident that through collaboration with CT and our dedicated pioneers, we will achieve a fully decentralized OM by the first quarter of the year. I also believe that March 14th is the ideal date to implement the GCV across our ecosystem.
To all pioneers, we have already succeeded; it is time to let go of any doubts. Trust in CT’s wisdom and strategic vision. It is important to stay aware of those who may try to undermine your goals, dreams, and financial independence out of their own insecurities and envy. They may prefer to see you always in poverty and struggle, but I encourage you to distance yourself from such negativity and focus on our collective journey toward success and prosperity.
Doris Yin 🪷🪷🪷
Feb 21st, 2025
🔐 Update on the Upcoming Verification Process
We know many of you are looking forward to verification - and we’re stepping closer to that moment.
This process is designed to be structured, transparent, and fair, ensuring every qualified Human Node moves forward with clarity. Here’s how the flow will work:
Phase 1: Matching
You begin by tapping “Match Curator.”
An anonymous list will appear, and you can choose a curator to match with.
After selecting, you enter the matching state and wait to be successfully picked. Once picked, your application advances to the submission stage.
Phase 2: Submission
When it’s your turn, a strict 24-hour countdown will start.
You must complete and submit your documents within this time. Missing the deadline may move you to a later pool, delaying your progress.
There are 3 submission levels. After completing all required steps, you press Submit, and your status changes to In Review.
Phase 3: Verification Process
This is the last stage - your application will be reviewed carefully.
This process is more than a technical update - it’s a defining milestone before full verification rollout.
Prepare early. Understand each phase.
Be ready when your turn comes!
#InterLink #ITLG #ITL
@inter_link interlink network lừa đảo người dùng.
1. Dev là người Việt sống bên Mỹ, có tiền sử lừa đảo.
2. Ban đầu họ nhử cho khai thác nhiều để ham giới thiệu mã mời như đa cấp, sau đó họ đốt, coi như bạn đi phát triển hệ thống không công cho họ.
@Ando73522159@Dungpikachu Hiện tại Pi chưa có smacontract, dự án còn thiếu minh bạch, đang trong giai đoạn mainet hạn chế, chưa được công nhận là tiền kỹ thuật số mà chỉ là tiền mã hóa thông thường
Trao đổi bằng topken pi