Today’s content is from the sharing in the community meeting. The following is a text summary:
The Piin community can be compared to Floki. I think as long as the right time comes, we will surpass the previous Floki, at least 3 billion US dollars. So as long as Piin continues to do what it is doing now, it will not fail.
The Piin community is successful, and the Piin culture is successful. The fundamental reason why Piin did not rise is that the BRC20 track itself lacks liquidity, not Piin's problem. Why do people choose the BRC20 inscription method? Because it is fair and returns the coinage rights to retail investors, but BRC20 does have a problem, that is, it requires pending orders. Even if capital wants to enter Piin, it does not go up because those people can enter but cannot exit, which is a big risk for capital. If it is listed on an exchange, those capitals will dare to enter.
The largest exchange in the world right now is not OKX or Binance, but the decentralized exchange DEX on Solana. Solana's trading volume has exceeded the trading volume during the Ethereum ecosystem animal Meme coin boom in 2021, so cross-chain can be simply understood as going on an exchange, but it requires everyone's joint efforts.
Although OKX and Binance are top exchanges, it can be clearly stated that the ability of OKX users to accept orders is not as good as that of Solana ecosystem users. Although users on Binance have the ability to accept orders, they will not buy without understanding. Now, we are on Solana, which is equivalent to the world's largest exchange, and their user range is even wider than Binance.
Rats was once the largest and strongest community in the BRC20 ecosystem, with a market value of over $600 million, but even it has difficulty upgrading from second-tier exchanges such as Matcha and Gate to first-tier exchanges such as OKX and Binance. The BRC20 ecosystem lacks liquidity, and in this case, the data of the exchanges is not transparent, especially for second-tier exchanges, which can manipulate the data.
Of course, Piin is definitely better than them, but we also need more time to grow ourselves first. Because the more popular it is, the more people in the community will be, and the exchanges will be greedy. They need to earn commissions, and they will definitely go public. When will it go public? I think it will only make sense to go public on Binance when it reaches at least 3 billion US dollars.
Why should we choose Solana? Solana is the public chain with the most incremental funds in this round, even surpassing Ethereum. We can see that Meme coins such as WIF and BOME on Solana have reached a market value of billions of US dollars. At the same time, Ethereum has not had any outstanding performance, except for the recent release of Pepe and some other Memes.
In addition, Solana's transaction fees are very cheap, basically below $0.1, which means that Solana's transaction costs and purchase costs are very low. You can buy it even if you only spend $10, and there are many such 10U coins on Solana.
This round of Solana's increase may be greater than Ethereum. Everyone can understand that if we cross over, there will be a trading pair pool with Solana. In the future, if Solana rises, Piin will also rise. If Bitcoin rises, Piin will also rise. At the same time, even if we don't push it, this is a passive increase.
In general, Solana is the world's largest decentralized exchange. Cross-chain to Solana solves the liquidity problem, that is, we no longer need to use Gate, Matcha, or even OKX. The only exchange that makes sense to us now is Binance, so the significance of using Solana is greater than that of using Binance.
The second point is that overseas users have not really joined BRC20. Currently, except for the projects driven by the Pie circle, all other BRC20 ecosystems are not working. This is because the people in the Pie circle are very selfless and just teach everyone how to use it little by little. People in the currency circle don’t know how to use it, and overseas users don’t know how to use it. BRC20 is troublesome to use, so they won’t use it. The Solana chain has gathered a large number of overseas users, and transactions are more convenient. Therefore, cross-chain to Solana and allowing these overseas users to truly join is also a sign of the globalization of the project.
The third point is that it can solve the pain point of exchanges crashing the market. I cannot deny that the Rats community is very strong. Even when the market value rose to $600 million, it was inevitably crashed by data and finally could not be listed on large exchanges. Now that we are listed on Solana, the largest exchange, we do not need to go to these centralized exchanges. Because we are very strong, we can provide liquidity ourselves.
Fourthly, when the gas fee of Bitcoin was high, no one could buy it. When it crosses the chain to Solana and realizes dual chain, the high gas fee will not prevent the community from continuing to promote it.
Fifth, those who have played with centralized finance DeFi know that you can charge a fee for adding a pool (adding liquidity), but you don’t have to add much. It depends on your own situation. For example, one person can add 200U of Piin and 200U of Sol. In this way, when others make transactions, they use the transaction pairs we made, and then we can earn the transaction fees.
Sixth, the saved gas fee can be converted into purchasing power for Piin. The normal transaction on the Bitcoin chain has a gas fee of about 100 yuan. This money can be saved to buy more Piin. And when there is a price difference between the two chains, some people will move bricks to arbitrage and even out the price difference on both sides, and liquidity will increase. Because Piin is completely launched fairly, we can learn the DeFi model and slowly expand the liquidity pool.
Regarding the legitimacy of BRC20: Piin is an asset on the Bitcoin chain. Even if it is transferred to Solana, it still cannot change the fact that Piin is an inscription project. PUPS has proved this to us, and its performance is very impressive. In just one month, the market value soared to 700 to 800 million US dollars.
Of course, the distribution of PUPS is not as good as Piin, and the community is not as strong as Piin, so I believe Piin will perform better after going to Solana. Another Floki listed on Binance is also dual-chain, and has also developed very well on the Ethereum and BNB chains.
Regarding the development of Piin after cross-chain: Like PUPS, we will cross-chain through the Multibit project. Previously, I was worried that Piin’s competitors would learn from it and cross-chain to Solana. Now I think there is no need to worry about this, because many projects are useless even if they cross over.
First of all, it is meaningful to cross over only if the project is launched fairly, because the players in the cryptocurrency circle are not stupid, and they will not buy projects that are not launched fairly and are completely fair. Cross-chain has costs, and pools must be added. If no one buys after the cross-chain, it will be meaningless.
Whether it is the community, the promotion or other aspects, Piin has people in the cryptocurrency circle. Piin is not a purely offline project. So even if it is very strong offline, if there is no online, then cross-chain is meaningless. Piin is successful because of its own community, culture, and everything else. It has a fair launch and a mature community. After the promotion, no one in the entire Chinese cryptocurrency circle does not know Piin, so we can now ignore the Chinese cryptocurrency circle. After the cross-chain, we can contact some big Vs on the Solana chain to let them know about Piin.
As more and more people get to know Piin, we just need to wait for capital to enter the market. Slowly, it may have the same trend as BOME, reaching billions of US dollars first, surpassing the previous Shib and Dogecoin. Of course, all this depends on luck. I think the Piin community deserves to become a phenomenon.
We all know that Bitcoin miners benefit from the inscription. They are unwilling to promote it, and unwilling to let the inscription rise, because promoting this thing itself is a very laborious thing. If Piin reaches billions of dollars first, then we will contact the background of Pi network, then it is possible that these really powerful miners will promote it, and they will choose the final winner to join. Only then will we be able to become a phenomenal project in this round.
Then Piin may redefine the future gameplay, issuing assets on the Bitcoin chain, and then obtaining liquidity on the Solana chain or Ethereum chain. As for why we don’t go to the second layer of Bitcoin, because there are no users on the second layer of Bitcoin, it is meaningless to cross over, so we choose to cross to the chain with the most users.
At present, the cross-chain is progressing very smoothly. After the cross-chain, there is one thing that we need to do together, which is to add liquidity. By adding a little bit by each person, we can provide liquidity by ourselves, and there is no need for exchanges. After providing liquidity, the next progress is, for example, to slowly continue to let more people join, let more overseas communities join, and then wait for capital to pull us up.
Regarding security: We are working with the cross-chain partner for Pups, so there is no problem with security in this regard. Many people have heard about the problems of the Tugou project withdrawing the pool and running away. Don't worry about this, because if you want to add a pool, you use your own Piin and Sol as a trading pair to add the pool, and others have no authority to move it. Those pools that have run away are the pools added by the project party themselves, and they can withdraw the pool and run away. But Piin adds the pool by itself after crossing over, without the project party, you can withdraw the pool at any time to recover your coins, and others cannot take them.
Because there is no project party, we can only let everyone add little by little. It is best to add to the pool when the market value is not high now, because for example, adding two Piins to the pool currently requires 3,000 SOL. If Piins increase tenfold in Solana in the future, adding two more Piins (2 million) will require 30,000 SOL. And the more people add to the pool, the thicker the pool will be, and the thicker the pool, the easier it is for funds from all sides to enter.
About adding pools: For example, if you use SOL and Piin as a trading pair, this part can earn commissions. If Piin falls, part of the SOL will become Piin, and then make the two sides equal, which is equivalent to linearly taking over. If Piin rises, part of the Piin will become SOL, which is equivalent to helping you sell linearly. It is equivalent to using everyone's strength to protect the market together. Everyone uses this part of the money to make trading pairs, and its income is very considerable, and the more trading volume, the more commissions will be.
It is very difficult to buy on the Bitcoin chain, but it is very convenient to buy on the Solana chain, because we have always been pursuing the increase in the real number of people. It is also easier for us to obtain the real number of people on the Solana chain, because everyone's transaction costs and trial and error costs are lower, because 10U and 1U can also be purchased, so the real number of people increases faster.
Regarding the pool size: If we can add 200,000 U of SOL on the left and 200,000 U of Piin on the right, and if 1,000 people are willing to add to the pool, it means that each person adds 200 U. If we can add a pool of 400,000 U at this position, then we may have a pool of more than 1 million U when we have 100 million US dollars, which is more than enough.
