Pi Network is a project designed to be a cryptocurrency accessible to everyone. This network stands out from other cryptocurrencies by enabling mobile mining using smartphones, requiring no expensive hardware or advanced technical knowledge.

What is Pi Network?

Founded in 2019 by Stanford University graduates, Pi Network aims to provide a decentralized, secure, and scalable cryptocurrency. Users can easily earn Pi coins by simply downloading the app and pressing the ‘mining’ button. This ease of use has attracted many users worldwide.

What is Global Consensus Value (GCV)?

GCV (Global Consensus Value) is a concept proposing a value of $314,159 per Pi coin. This figure was first proposed by some communities in China and has since spread globally. Supporters claim this value indicates the potential of the Pi Network, while many remain skeptical, and discussions about its feasibility continue.

Supporters’ Claims

GCV supporters argue that this value is not just theoretical but has a realistic basis, citing the success of ecosystem projects like Pi Nexus and Pi Finance. These projects aim to expand token utility and integrate with traditional financial systems.

Criticism and Concerns

On the other hand, many critics point out that GCV is unrealistic and not based on market principles. Furthermore, as the Pi Network itself is still in the development phase, there are doubts about its practicality and sustainability.

Ecosystem Evolution: Pi Nexus and Pi Finance

Pi Nexus: Pi Nexus is a platform that provides interoperability with external applications, allowing users to utilize P tokens outside the mainnet. This significantly expands the scope of token usage.

Pi Finance: Pi Finance is a project aiming for integration with traditional and modern financial services. It supports asset management and financial interactions, functioning as a comprehensive financial solution.

Summary and Future Outlook

Pi Network is gaining attention due to its unique approach and rapid growth. The progress of GCV and ecosystem projects, in particular, indicates that this project holds realistic potential, not just being an idea. However, criticism and concerns are also factors that cannot be ignored.

In the future, if the transition to an open network is successful, Pi Network will attract even greater attention. This will require not only technological advancements but also cooperation from many users and the developer community.

What do you think about this project? Please share your thoughts in the comments!