PIto10Dollar
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š I have removed some of my unverified Security circle members.
šØ Unfortunately now I'm unable to add any of my verified members to the security circle ā.
Does anybody know how to add members to the security circle?
Can we add our friends who were added to the Pi Profiles?
#pi
#Pisecuritycircle
#PIto10Dollar
$BNB
šØ Unfortunately now I'm unable to add any of my verified members to the security circle ā.
Does anybody know how to add members to the security circle?
Can we add our friends who were added to the Pi Profiles?
#pi
#Pisecuritycircle
#PIto10Dollar
$BNB
Pi Network's Steady Growth Amid Strategic Developments:
Pi Network (PI) is gaining momentum as its price inches closer to the $1 mark, reflecting cautious optimism in the crypto community. According toĀ a leading cryptocurrency news platform, Piās unique tokenomics including itsĀ lockup mechanism have played a pivotal role in reducing immediate sell pressure, allowing the price to stabilize and climb steadily.
Key Trends Driving Growth:
Lockup Strategy Success: As reported byĀ one of the known websites, over 80% of mined PI tokens remain locked, creating artificial scarcity. This aligns with Pi Networkās phased release model to avoid market flooding.
Exchange Listings: While PI is only listed on smaller exchanges,Ā The ResearchĀ notes that rumors of a Binance listing have fueled speculative demand.
Utility Development:Ā Another reliable sourceĀ highlights Piās focus on building an ecosystem of decentralized apps (dApps), which could anchor long-term value if executed well.
Recent Price Action:
PI surgedĀ +36% in 24 hoursĀ (as of 22nd February 2025 data), nearing with a 24 hour turnover of 98.83M USDT.
The tokenās gradual rise contrasts with meme coinsā volatility, signaling growing confidence in its roadmap.
#PiNetwork #PiGrowth #PIto10Dollar #AltcoinTrends #MarketMomentum
*By the time I am posting this write up, the Pi coin is trading at $1.32XXX*
Pi Network (PI) is gaining momentum as its price inches closer to the $1 mark, reflecting cautious optimism in the crypto community. According toĀ a leading cryptocurrency news platform, Piās unique tokenomics including itsĀ lockup mechanism have played a pivotal role in reducing immediate sell pressure, allowing the price to stabilize and climb steadily.
Key Trends Driving Growth:
Lockup Strategy Success: As reported byĀ one of the known websites, over 80% of mined PI tokens remain locked, creating artificial scarcity. This aligns with Pi Networkās phased release model to avoid market flooding.
Exchange Listings: While PI is only listed on smaller exchanges,Ā The ResearchĀ notes that rumors of a Binance listing have fueled speculative demand.
Utility Development:Ā Another reliable sourceĀ highlights Piās focus on building an ecosystem of decentralized apps (dApps), which could anchor long-term value if executed well.
Recent Price Action:
PI surgedĀ +36% in 24 hoursĀ (as of 22nd February 2025 data), nearing with a 24 hour turnover of 98.83M USDT.
The tokenās gradual rise contrasts with meme coinsā volatility, signaling growing confidence in its roadmap.
#PiNetwork #PiGrowth #PIto10Dollar #AltcoinTrends #MarketMomentum
*By the time I am posting this write up, the Pi coin is trading at $1.32XXX*
#Pi is trading at $1.91 currently. We have a target of $10 till the end of March 2025.
Follow for more updates.
The current support of Pi is $1.6 and resistance is $2.1.
#PiCoreTeam
#Picommunity
#PIto10Dollar
$SOL
Follow me for all pi updates
Follow for more updates.
The current support of Pi is $1.6 and resistance is $2.1.
#PiCoreTeam
#Picommunity
#PIto10Dollar
$SOL
Follow me for all pi updates
PI NETWORK MOVING TOWARD A PRICE PEGGING MECHANISM ON THE BLOCKCHAIN?
PI NETWORK MOVING TOWARD A PRICE PEGGING MECHANISM ON THE BLOCKCHAIN?
A shocking piece of news has just surfaced within the Pi Network community: a smart contract code, allegedly from Chainlink, has been found with a direct reference to Pi Coin and a dynamic pegging mechanism. If confirmed, this would be a major breakthrough, indicating that Pi Network may be aiming to stabilize Pi's value through an automated minting and burning mechanism.
WHAT IS PRICE PEGGING (PEGGING)?
Pegging is a mechanism where an assetās value is tied to a fixed value or another asset (such as USD or gold). This mechanism is commonly seen in stablecoins (e.g., USDT, USDC), helping to maintain price stability and prevent excessive volatility.
However, what makes Pi Coin's pegging mechanism unique is its use of dynamic algorithmic pegging, where the smart contract will automatically:
ā Mint (create) more Pi Coins when the price falls below the target price.
ā Burn (destroy) Pi Coins when the price exceeds the target price.
KEY DETAILS IN THE SMART CONTRACT
Below are the important details found in the contract code:
šø Pegged token: Pi Coin
šø Target price: 314,159 * 10Ā¹āø = $314,159 USD (This value is converted to Wei, the smallest unit of Ethereum).
šø Mint Threshold: When the price falls below this level, the contract will automatically mint new Pi Coins to stabilize the price.
šø Burn Threshold: When the price rises above this level, the contract will burn Pi Coins to reduce supply and bring the price back to equilibrium.
IMPLICATIONS FOR PI NETWORK
If Pi Network successfully implements this mechanism, Pi Coin would function as an algorithmic stablecoin with greater flexibility. This would help Pi Coin:
āļø Reduce extreme price volatility, increasing user and investor confidence.
āļø Become more widely accepted in everyday transactions and decentralized finance (DeFi) ecosystems.
āļø Transform into a stable digital asset, pushing Pi Network further toward becoming a global payment system.
QUESTIONS THAT NEED VERIFICATION
Although this is a positive signal, several critical questions remain:
š Is this contract code officially from PiCoreTeam?
š Has Chainlink officially integrated Pi Coin?
š Does Pi Network have concrete plans to adopt this pegging mechanism in its ecosystem?
MAJOR MARKET IMPACT
If Pi Coin is pegged at $314,159, this could cause a massive price surge once it is officially listed on major exchanges. At the same time, this mechanism would:
š„ Maintain price stability, preventing price manipulation.
š„ Establish Pi Coin as a valuable digital asset for daily transactions.
š„ Attract more institutional investors and users into the ecosystem.
CONCLUSION
If this information is confirmed, it would mark a historic turning point for Pi Network. Developing an algorithmic pegging mechanism suggests that Pi Network is moving toward a sustainable digital asset model with real-world utility. This could be the key to Pi Coinās widespread recognition and adoption in the global financial system.
š Let's wait for an official announcement from PiCoreTeam to verify whether Pi Network is truly integrating this pegging mechanism.
#MasterTheMarket
#PiCoreTeam
#PiNetworkMainnet
#Pi
#PIto10Dollar
$XRP
$ETH
A shocking piece of news has just surfaced within the Pi Network community: a smart contract code, allegedly from Chainlink, has been found with a direct reference to Pi Coin and a dynamic pegging mechanism. If confirmed, this would be a major breakthrough, indicating that Pi Network may be aiming to stabilize Pi's value through an automated minting and burning mechanism.
WHAT IS PRICE PEGGING (PEGGING)?
Pegging is a mechanism where an assetās value is tied to a fixed value or another asset (such as USD or gold). This mechanism is commonly seen in stablecoins (e.g., USDT, USDC), helping to maintain price stability and prevent excessive volatility.
However, what makes Pi Coin's pegging mechanism unique is its use of dynamic algorithmic pegging, where the smart contract will automatically:
ā Mint (create) more Pi Coins when the price falls below the target price.
ā Burn (destroy) Pi Coins when the price exceeds the target price.
KEY DETAILS IN THE SMART CONTRACT
Below are the important details found in the contract code:
šø Pegged token: Pi Coin
šø Target price: 314,159 * 10Ā¹āø = $314,159 USD (This value is converted to Wei, the smallest unit of Ethereum).
šø Mint Threshold: When the price falls below this level, the contract will automatically mint new Pi Coins to stabilize the price.
šø Burn Threshold: When the price rises above this level, the contract will burn Pi Coins to reduce supply and bring the price back to equilibrium.
IMPLICATIONS FOR PI NETWORK
If Pi Network successfully implements this mechanism, Pi Coin would function as an algorithmic stablecoin with greater flexibility. This would help Pi Coin:
āļø Reduce extreme price volatility, increasing user and investor confidence.
āļø Become more widely accepted in everyday transactions and decentralized finance (DeFi) ecosystems.
āļø Transform into a stable digital asset, pushing Pi Network further toward becoming a global payment system.
QUESTIONS THAT NEED VERIFICATION
Although this is a positive signal, several critical questions remain:
š Is this contract code officially from PiCoreTeam?
š Has Chainlink officially integrated Pi Coin?
š Does Pi Network have concrete plans to adopt this pegging mechanism in its ecosystem?
MAJOR MARKET IMPACT
If Pi Coin is pegged at $314,159, this could cause a massive price surge once it is officially listed on major exchanges. At the same time, this mechanism would:
š„ Maintain price stability, preventing price manipulation.
š„ Establish Pi Coin as a valuable digital asset for daily transactions.
š„ Attract more institutional investors and users into the ecosystem.
CONCLUSION
If this information is confirmed, it would mark a historic turning point for Pi Network. Developing an algorithmic pegging mechanism suggests that Pi Network is moving toward a sustainable digital asset model with real-world utility. This could be the key to Pi Coinās widespread recognition and adoption in the global financial system.
š Let's wait for an official announcement from PiCoreTeam to verify whether Pi Network is truly integrating this pegging mechanism.
#MasterTheMarket
#PiCoreTeam
#PiNetworkMainnet
#Pi
#PIto10Dollar
$XRP
$ETH
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