Most crypto ecosystems grow on speculation and hope. $PI is unusual because it has an actual user base with identity-verified accounts. Whether the price reflects that yet or not, the foundation is different from most chains. That's the part people keep undervaluing.
We’re thrilled to share an exciting update with the Pi community! 🎉
Our team has been working on the Pi KYB process, and we’re delighted to announce that the documents we submitted for Know Your Business verification have been approved. ✅ This marks a significant milestone for us, though our journey isn’t complete—our KYB application is still awaiting final approval. ⏳
We’re eagerly anticipating the next steps from @picoreteam to finalize this process, unlock our full potential, and deliver more secure, advanced, and innovative services to all you incredible Pioneers in the Pi ecosystem. 🌟 Stay tuned for more updates as we edge closer to this exciting goal—thank you all for your amazing support! 🙌
Pi Network – The people’s currency, the king of accessibility!
Bitcoin vs Pi Network – The Journey of Formation
•Bitcoin was born in late 2008, early 2009, marking the beginning of the decentralized cryptocurrency era.
•Pi Network started development in late 2018 and officially launched its first version in March 2019.
From Bitcoin to Pi Network, cryptocurrency has evolved:
•Bitcoin pioneered the concept of blockchain and digital assets.
•Pi Network introduced a more accessible model, allowing people to mine without expensive hardware.
👉 Pi is not a copy of Bitcoin – it’s the next innovation!
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THE TRUTH ABOUT THE NUMBER 314,159 IN SLIP-0044. DON’T BE FOOLED!
In the digital age, the spread of unverified information can have unpredictable consequences, especially in the cryptocurrency space—where price volatility and investor confidence are crucial. Recently, a misleading claim has been widely shared, stating that Pi Network (Pi) has a fixed valuation of $314,159, based on an image extracted from the SLIP-0044 technical standard. This article will analyze the truth behind this number and warn about the dangers of spreading false information.
1. The Truth About the Number 314,159 in SLIP-0044
SLIP-0044 is a technical standard used to assign unique coin identifiers (Coin ID) for cryptocurrencies in hierarchical deterministic (HD) wallets. In this document, Pi Network is assigned the number 314,159, which corresponds to the hexadecimal value 0x8004cb2f. This is merely a symbolic reference to the mathematical constant π (pi ≈ 3.14159) and has nothing to do with Pi’s market value.
▫️ The actual purpose of 314,159: Similar to a coin’s unique ID, this number helps wallet systems distinguish Pi from Bitcoin, Ethereum, and other cryptocurrencies. For example, Bitcoin has the ID 0, Ethereum is 60, and Pi is 314,159—a playful reference to the mathematical constant π.
▫️Hexadecimal value 0x8004cb2f: This is simply the technical representation of the coin ID used for wallet address generation, not a price declaration.
2. Why Is This Information Misunderstood?
Misinformation often arises from two main reasons: lack of technical understanding or deliberate distortion. In this case, linking the number 314,159 to a monetary value is a dangerous misconception:
▫️Confusion between a coin ID and its actual value: Non-technical readers may mistakenly assume that numbers in technical documents reflect a cryptocurrency’s market price.
▫️Scam tactics: Some individuals may intentionally misinterpret this information to manipulate investor sentiment, persuading them to buy Pi under the illusion that its price is “fixed” at a high level.
👉Useful links:
Commit b8253cc
https://t.co/bIl5fApKHD
SLIP-0044 : Registered coin types for BIP-0044
https://t.co/Fj2tFVEZml
SLIP
https://t.co/nqluIIpAdl
🚀Repost and follow @Pi81Mall for valuable insights for Pi Network pioneers!
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“Let's show the world a different path to crypto and the power of Pi Network in the new era of Open Network.”
Watch the full Open Network video from Chengdiao Fan, Pi Founder and Head of Product, to celebrate Open Network and learn more about its significance and opportunities.
https://t.co/zB4RIk7Wv1