Is Pi Network Dual Value Model Sustainable Amid Altcoin Market Slump?
Due to its dual value structure, Pi Network (PI) is a special altcoin. This unique quality, meanwhile, also raises questions about its long-term viability. In the dual system, the difference between the two values keeps growing even if the altcoin season hasn’t arrived and the price of PI on exchanges has drastically decreased. The methodology is called into question further by this widening disparity.
Pi Network’s Dual Price System: Bold Innovation or High-Risk Gamble?
The Pioneers, the group of holders, are aware that Pi Coin is now trading at two distinct price points. The first is the Global Consensus Value (GCV), an internal value within the Pi ecosystem that is symbolically inspired by the number Pi in mathematics and is set at around $314,159. The second is the exchange rate, which is approximately $0.63 at the time of writing.
The dual value system of Pi Network is a daring endeavor. While it gives believers hope, there are significant risks involved. Mr. Spock, an investor who backs Pi Network, says this technology is feasible and might be a part of a strategic plan.
Some potential strengths include:
Browse Posts• Merchant trust and consistency in the ecosystem
• Stable economic environment for Pi-based apps and platforms
• Protection against volatility and market manipulation.
Mr. Spock
He acknowledges that the system is not without risks, though. The huge disparity in price may damage confidence. In addition, many people might purchase Pi on exchanges at a discount and use it in the community at a far higher GCV rate.
Pi Network Pioneers Rally Behind GCV as Dual Price Debate Heats Up
In actuality, Pioneers are still presenting reasons in favor of GCV. Some point out, for instance, that developers have shared smart contract source codes on GitHub and included GCV in them. Others draw attention to communities in Vietnam and Thailand that still use the GCV rate for transactions and promotion.
This movement is real. This mission is alive because of all of us. And this freedom? It’s something worth fighting for, worth every bit of effort and heart we put into it.
Lumari, a Pioneer
In general, preserving community trust is essential to this model’s viability. If more people begin trading Pi based on the market price instead of GCV, the internal value model might become obsolete.
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