• Pi coin uses mobile based mining and those who mine pi coins are called pioneers.
• Pi uses Stellar Consesus Protocol (SCP) and energy efficient mining
• Pi ensures a trust bases network where common users are invited to participate in mining operations.
• To ensure that pioneers invites other users, your mining rate is boosted for each invite for a certain percentage.
• The overall mining rate decrease in an exponential pattern as more users join the pi network.
• You can boost your mining rate by inviting users or locking the coins that you mined currently or locking up the pi coins that's already migrated to mainnet.
You can also gain pi coins by running a pi node on your computer.
• Pi core team releases mined pi coin in batches to mainnet wallet. This process is called migration and will happen multiple migration cycles as you mine.
• If the users you invited for mining has not completed the KYC, the pi coins gained from the invite boost won't migrate to main net wallet
• Pi coin ensures there is no fraudulent activity like mobile farm by verifying the identity of pioneers (KYC)
• Total Supply of 100 billion and 80 billion can be mined by pioneers, according to first migration 1.5 billion coins have migrated (or successfully mined) to mainnet wallets, 600 million of migrated coins is locked for a period of upto 3 years to increase mining speed for pioneers, out of 900 million unlocked pi coins only around 100 million was deposited to exchanges as of now. This can be due to pioneers who hodl or some even locked up entire mainnet wallet balance.
• Adding to the scarcity, with current rate you can mine around only 1 pi coin a month per user on average. This mined coin won't reach Mainnet wallets unless next migration happens.
• All mined coins of pioneers won't make it to mainnet wallet unless KYC is done.
•Currently there are over 15 million KYC'd pioneers and over 10 million pioneers accounts migrated.
• With current available supply of 900 million, there is an average of 100 π coins per pioneer.
• 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.
• Many Pi based meme coins is on the way.
• 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. Can easily pay with QR codes.
• Pi has over 200K nodes running which is far higher than any crypto currency till day.
• The pi chain mall app holds over 1.5 billion pi coins with potential to buy and stock millions of products to sell for pi
• Pi has wordpress plugin that enables pi payment on millions of WordPress websites.
• Any business can register their business for accessing pi ecosystem, this has to go through KYB verification which is done by third party crypto verification company Synaps
• Alchemy Pay, one of Stellar's largest anchors reaching over 200 Countries, will bridge Pi for seemless swap and transactions. You can buy using Apple pay or any payment system.
• US and majority of Europe still can't trade Pi due to approval process delays but once that goes through there will be a major spike in pi value.
• Pi is currently number 4 social app on playstore
• Plans for NFT market place and AI layer in future
• Elon Musk subscribed to @PiNewsMedia on X which led to many speculations
• Easy POS system https://piecard.app
#Picoins #NewListing #PiNetwork #Solana #BTC
