A historical turning point for Pi Network is approaching. The start of the open network is said to be just a few dozen days away, and the countdown has begun. This article provides a detailed explanation of the latest development status of Pi Network and its future prospects.

Current Status and Evolution of the Cryptocurrency Market

The digital currency market has achieved significant growth, especially since the support from former President Trump. In countries like the UAE, the legalization of cryptocurrencies and the regulation of transactions are progressing, accelerating the transition to a digital economy.

Pi Network’s Value Formation Mechanism

Many people have questions about how Pi Network’s value is formed. However, this can be thought of using a principle similar to the value formation of gold. Gold also did not initially exist in the market, and its value was established through the balance of supply and demand.

Importance of Market Utility

A key feature of Pi Network is its “market utility,” which is integrated into actual economic activities. By having practical uses such as daily payments, bill settlements, and product purchases, natural demand is created. This envisions usage across the entire supply chain, from supermarkets to manufacturers and raw material suppliers.

New Developments in Wallet Development

The development team is proceeding with the development of a wallet with more comprehensive features. The new wallet will include:

• Exchange functionality with other cryptocurrencies
• Transaction system within the platform
• Unique price formation mechanism

Future Outlook and Features

Pi Network aims to return to the origins of Bitcoin and build a more comprehensive economic system. It is designed as a currency that is easy for ordinary people to use, not just the wealthy.

Features of the Trading Platform

According to the development team’s announcement, Pi Network transactions are expected to occur only on its own platform with a 90% probability. This signifies the establishment of a new trading model that does not rely on traditional exchanges.

Importance of Pi Fest 2024

Pi Fest 2024 will be the final important event in the transition to the open network. After this event, the transition to the full open network phase is planned.

Furthermore, based on past experience with futures trading, the development team has indicated a policy to restrict unapproved transactions and maintain the platform’s integrity. This is expected to lead to more stable value formation.