Pi Coin Facts Part - 2
•Failing to do KYC results in forefeit of tokens and will be added back to mining pool.
• The listing or open mainnet condition was to pass 15 million KYC, 10 million migrated and 100 apps on pi ecosystem which was already completed.
• Pi has its own ad network, social media called fireside, digital identity profile and many third party apps.
• Pi has smart contract, cross network transaction using pi bridge and real world asset (RWA) tokenization capability.
• Pi is accepted in many business around the world with South Korea and China having large number of business accepting pi fully or partially.
• Map of Pi application shows hundreds of businesses accepting Pi around the world including real estate, car sellers, dentists, consultants, restaurant and many small business accepting Pi
• There is a moment called GCV, Global Consesus Value and RGCV, quite popular in China and many countries. They have set the price of Pi to be 314159 or 314.159 (RGCV, mostly in Africa) to sell over 200 million dollars of items. They advocate that real world use determines the value of any currency or commodity and not exchanges.
• GCV moment has led to widespread use of pi in various countries, the GCV ambassadors organise local markets where the pioneers buy and sell local products.
• GCV moment has some impact on pioneers, why sell on exchange for a lower price when you can use the pi to buy local goods and services at much elevated value
• Pi is the only coin in the world to pass 300$ IOU price and is currently trading at 80$. It was trading at 50$ on average until Mainnet was announced which led to massive enthusiasm and spike in IOU price. IOU is a good speculation for price of Pi.
• Seeing the massive price hike, HTX exchange delisted Pi IOU trading and settled traders with 61.28$ per Pi
• Pi transaction average time is 4 seconds and can handle 800 million transactions a day.
• Pi has over 200K nodes running which is far higher than any crypto currency till day. #Picoins $BTC