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The Value of Pi Network: The Role of Pi Coin in a Decentralized Economy

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Introduction

Pi Network is a project aiming for a P2P decentralized economy utilizing a new digital currency called Pi Coin. This article explains how the value of Pi Coin is formed and what role it will play in the future.

Is the Coin’s Value Real?

Some people criticize the value of Pi Network’s currency as “fictitious.” However, as the scale of Pi Network expands and the decentralized economy matures, its currency value will become more clearly apparent. It is important to understand how the current economic scale affects the value of Pi Coin.

At this point, the coin’s value may seem small, but it is still just the beginning.

Decentralized Economy and the Coin’s Role

In a decentralized economy, production and services play a very important role. Currently, about 35-40% of the global economy is due to production activities, while the remaining 60-65% is occupied by commerce and service industries.

In the future, as AI (Artificial Intelligence) and Blockchain Technology become widespread, the roles of production and commerce in a decentralized economy will significantly change. Pi Network is expected to demonstrate its potential, particularly in the areas of commerce and services.

Potential Value Expansion of Pi Coin

As Pi Network grows and a P2P economy where all internet users participate is realized, the activities of each user will gain value. This is a phenomenon already seen on existing platforms like Facebook, but Pi Network aims to evolve this further, creating an economy where all activities are valued by Pi Coin.

In the future, the value of Pi Coin in the decentralized economy could dramatically increase.

Conclusion: The Future of Pi Network

Pi Network is still in its early stages, but its potential is very large. Considering the current economic situation and technological advancements, there is no doubt that Pi Network will play an important role in the future economy.

Going forward, let’s continue to pay attention to how Pi Coin will grow and become the currency supporting the decentralized economy.

 

Thoughts on the Future Potential and Value of Pi Network as Open Mainnet Approaches

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What is Pi Network?

Pi Network is a platform that allows you to mine the cryptocurrency “Pi” using your smartphone. It was developed by a team including Dr. Nicolas Kokkalis from Stanford University. Its main goal is to promote the use and adoption of cryptocurrency among more people.

How Does Pi Network’s Value Fluctuate?

It is difficult to predict the future value of Pi Network. The following factors may influence its value:

  • User Count and Adoption: The more people use and support Pi, the higher its value is likely to rise.
  • Technological Advancement: The technological progress of the project and the capability of the development team are important.
  • Market Acceptance: If Pi is listed on exchanges and can be exchanged for other cryptocurrencies or fiat currencies, its value will be determined.
  • Regulation and Legal Environment: Regulations and legal environments in each country can also significantly affect the value of cryptocurrency.

Reasons Why Value Increases as Users Grow

The reason why value increases as users grow is based on the network effect and the principles of supply and demand. Specifically, the following points can be mentioned:

  • Network Effect: As more users utilize the Pi Network, the network becomes more valuable.
  • Improved Liquidity: As more users participate in transactions, the liquidity of Pi improves.
  • Increased Demand: As new users increase, the demand for Pi rises.
  • Ecosystem Development: With many users, the incentive for developers and businesses to create new applications and services using the Pi Network increases.
  • Increased Trust and Recognition: As the number of users grows, the trustworthiness and recognition of the Pi Network increase.

Methods to Promote Pi Circulation

For Pi to circulate, there are several steps and conditions. The following methods can be considered to promote Pi circulation:

  • Listing on Cryptocurrency Exchanges: When Pi is listed on major cryptocurrency exchanges, trading volume increases, promoting circulation.
  • Use in Commercial Transactions: By enabling the purchase of goods and services using Pi, it becomes usable in daily transactions.
  • Ecosystem Development: Developing applications and services usable within the Pi Network increases opportunities for users to use Pi.
  • User Education and Awareness: Educating and raising awareness among users about how to use Pi and its convenience will lead more people to use Pi.
  • Partnerships and Collaborations: Partnering with other companies and projects can promote the use of Pi.
  • Regulatory Framework Development: It is also important to develop regulations and legal environments in each country to ensure that the use of Pi is legal.

Measures Against Selling Pressure Upon Listing

While there is a possibility of selling pressure occurring when listed on cryptocurrency exchanges, its impact can be minimized by implementing the following measures:

  • Supply Restriction Upon Listing: Limiting the amount of Pi circulating at once can suppress selling pressure.
  • Staking and Lock-up Programs: Providing incentives for users to lock up Pi for a certain period can reduce selling pressure.
  • Establishment of Liquidity Pools: Establishing liquidity pools and providing liquidity makes it easier to absorb selling pressure.
  • Utilization of Market Mechanisms: Strengthening marketing and partnership activities to stimulate demand for Pi and balancing sellers and buyers is important.
  • Community Support: If the community believes in the long-term value of Pi, selling pressure may be alleviated.
  • Utilization of Decentralized Exchanges (DEX): Encouraging trading on decentralized exchanges can distribute selling pressure from centralized exchanges.

While some selling pressure after listing is unavoidable, implementing these measures can minimize its impact and aim for healthy market formation.