Internal Market Assessment Finds Aid Measure to Align with Market Rules
The Pi Network, a new digital currency initiative launched in March 2019, has been making waves in the crypto world. This mobile-based platform, managed by a group of Stanford graduates, aims to create the most inclusive peer-to-peer (P2P) marketplace ever.
The Pi Network secures its ledger using a trust-based mechanism, an aspect of the Stellar Consensus Protocol (SCP). This innovative approach allows anyone to mine cryptocurrency on their phone without sacrificing battery life.
Currently, the project boasts an impressive global user base of over 60 million engaged members. However, the Pi Coin, the network's utility token, remains unlisted, with no historical performance data available.
When Pi Coin becomes tradeable on international crypto exchanges such as OKX, Bitget, Huobi Global, and others (expected in the near future), its value could increase from its initial value of $0. Many experts predict that the value of Pi Coin will be below $1 when the Pi Network finally launches its mainnet.
Upon listing, the Pi Network is likely to experience a pump, with the potential for unprecedented highs. The price could rise during the first few weeks due to intense demand. However, after the initial enthusiasm fades, the price could decrease as people start selling their coins to make a quick profit.
The quantity of coins in circulation when the Pi Network is fully launched has not yet been revealed by the project creators. The future value of the Pi Coin could be influenced by various factors, including the recovery of the cryptocurrency market, media hype, and the place that Pi occupies in the crypto sphere in the coming years.
If the Pi Network launches its open mainnet later this year, it is expected to have its own real value. If the hype occurs at the beginning of spring 2023, the Pi Network team could effectively promote it on Pi Day.
It's important to note that the Pi Network could face the same fate as other highly anticipated projects - only time will tell. As of writing this document, the declared circulating supply of Pi Coin is 68 million PI, with the maximum supply yet to be determined.
In conclusion, the Pi Network offers a unique opportunity for mobile users to participate in the crypto market. With its user-friendly approach and high potential, it's a project worth keeping an eye on.
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