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** Call to Action for Global Pioneers: Uniting Efforts to Stabilize the GCV Price in the Exchange Market**
Dear Global Pioneers,
We are currently at a critical juncture that may determine our ability to swiftly realize the GCV in the exchange market.
As of now, we are in the Open Network phase, which serves as a preparatory stage for a fully decentralized network where all code can be activated. It is important to note that the Pi Network has not registered as a security because it aims to function as a digital currency rather than a digital asset. However, given recent list on the exchange market, compliance with the United States Securities and Exchange Commission (SEC) is now necessary for Pi Network, which subsequently require CT not to guide Pi's price in the exchange market.
To address this situation, we urge all pioneers to unite in a call auction to ensure the GCV is stabilized as soon as possible. We implore you not to sell below the GCV price. Conversely, you are encouraged to buy if you have the means, as the current prices are significantly low.
It is essential to emphasize that we are now in the Open Network phase, permitting both buying and selling. We have observed that many pioneers may be hesitant to make purchases; however, it is imperative that you do not let this concern deter you. We have surpassed the enclosed mainnet phase, where buying and selling were prohibited. Increasing liquidity in the exchange market is crucial for attracting external investors. At this stage, the combined strength of all pioneers is required to enhance purchasing power and to capitalize on lower prices.
Please clarify your understanding of our current pricing situation. The existing market prices do not reflect Pi's value of our source code, which is derived from our blockchain record. Our efforts have previously focused on establishing Pi as a digital currency, culminating in the creation of the GCV blockchain record, which has indeed achieved success. For instance, the GitHub record indicates a GCV of $314,159, and Mr. Kasasih's code fork has now been integrated into the CT’s main bran code of the signifying its official status.
The rationale for the current low prices in the exchange market stems, in part, from a lack of awareness among many pioneers, some of whom may be in financially constrained positions and require immediate funds for necessities. Such individuals may be misled by those who do not support GCV's potential, thereby selling their holdings at depressed prices. This underscores the importance of CT's control over KYC processes and migration procedures. Allowing all pioneers pass KYC and migrating Pi could lead to detrimental outcomes for the project, as uninformed pioneers may sell at significantly low prices. Just we see right now there are a lot of pioneers sell at very low price. So, CT only allow 10 million wallets migrated.
It is important to recognize that the current low pricing is not the fault of the PCT or GCV CT, it is a consequence of a collective lack of proactive engagement from the pioneers. By promoting education on the true value of Pi as GCV, we can mitigate the prevalence of low-price sellers. While complaints about pricing may arise, it is essential to understand that we cannot prevent pioneers from selling. What we can do is purchase the available low-priced offerings from the market and collectively urge all pioneers not to sell below the GCV price. This remains a top priority for all involved if we aim to achieve the OM status swiftly.
Additionally, it is vital to understand that the CT cannot announce the price of Pi in the exchange market, nor can they buy all the Pi in the exchange market. The price must ultimately be determined by the actions of our pioneering community and outside investors. Therefore, it is everyone's responsibility to refrain from complaints and instead focus on advancing the project collectively.
We recommend all pioneers take the following actions:
- Do not sell below $314,159. Please list selling price at $314,159. You should have confidence on GCV when it has been in the code already. Once the OM completed; all ecosystems will implement GCV. And you don’t need to wait long time and I estimate in one month or less.
- Consider purchasing if you have extra funds available but ensure that you are not borrowing money or using essential living funds for these investments. Any amount such as $10 or $20 or $100 you choose to invest can contribute to increasing the visibility of Pi in the exchange market, potentially attracting outside investors.
Also, many pioneers have locked three years with 100%, it is a good chance.
You can acquire 6 Pi for just $10 right now. Once our pioneers warm up the market, you'll see outside investors becoming active, so there's no need to worry about how long or how much funding it will take to reach GCV. As soon as the low-priced Pi are being purchased, the price is poised to surge from just a few dollars to GCV in no time. We won't follow the traditional cryptocurrency path for growth because we have a strong community backing GCV.`
It is crucial for all global pioneers to recognize that we are all collectively striving towards the successful realization of the OM. The CT shares this goal as well. However, if the exchange market price remains as low as $1 or $2, the likelihood of merchants joining the Pi Network diminishes. It is imperative that the gap between the ecosystem's Pi value and its exchange market price remain minimal. If the exchange price is low, it inhibits the CT's ability to fulfill ecosystem objectives.
You need not worry about protracted timelines. With collective action, the path to achieving GCV can be expedited. While it would indeed be beneficial for the CT to manage arrangements efficiently, it is vital that we do not adopt a passive stance, awaiting resolutions. Delays could adversely affect both the reputation of PCT and the GCV CT.
Lastly, I would like to address recent rumors suggesting that pioneers are unable to transfer Pi to or from the exchange market; this information is misleading. Pi Network is indeed open already, and the CT has verified five exchange markets for transactions. I have personally encountered challenges while attempting to purchase 1,000 Pi on the exchange market, with multiple platforms rejecting my credit and debit card payments. Nonetheless, I firmly believe that this represents a valuable investment opportunity critical for advancing our collective mission toward GCV unification in the exchange market.
Your understanding of this message and prompt actions will be appreciated as we move forward together.
Best regards,
Doris Yin🪷🪷🪷
Founder, Global GCV Movement
Feb.23rd, 2025