Pi Network Insertion Puzzle:
Why did the price start at only $2?
Today was the day everyone was waiting for, which is the listing of Pi Network on the platforms, and everyone expected the price to start at a high level, but the shock was that the price started from only two dollars and then dropped to one dollar! It was strange, but after research and analysis, I discovered that there is a very smart plan from the core team, and this step hides a big secret.
What does ICO mean?
An ICO, or Initial Coin Offering, is a method used by new projects to raise funds before launching a currency by selling a portion of the currency to investors or platforms before the currency becomes available for public trading. Most new cryptocurrencies do an ICO to provide liquidity and create demand for the currency from the beginning. But in the case of Pi Network, there was no ICO, which made its listing on platforms completely different from any other currency.
There is no ICO... and that's the secret of the game!
From the beginning, everyone was wondering why there was not enough supply of the coin on the platforms, and I thought the main reason was that the core team did not officially distribute any coins on the platforms, i.e. there was no ICO for Pi, and this was confirmed today when Changdao Fan from the core team herself confirmed that no coins were released on the platforms.
Well, if there was no ICO, where did these coins come from on the platforms? This is where the mystery begins to unravel!
How did the coins reach the platforms?
Since the core team did not distribute any coins to the platforms, the only solution is that the coins sold came from:
1. Whales and beneficiaries: People who have accumulated large amounts of Pi over the past years, and quickly sold them once the listing happened.
2. Hackers: Unfortunately, many people's wallets have been stolen, and the person who stole them may have sold them on the market immediately.
3. Filtering out the weak: The low price was intended to test people's patience, and those who sell quickly do not really believe in the project, and therefore will not be among those who will benefit when the currency reaches its real price.
The role of platforms in early coin accumulation
Some exchanges took advantage of the opportunity to their advantage, like OKX which opened deposits very early before other exchanges moved, and it was clear that their goal was to accumulate as much Pi as possible before the price stabilized. Knowing that the core team would not provide them with a ready supply, the only solution was to collect the coin from those who owned it and try to control the market early. This explains why the price started low, because it was those who sold quickly who made the initial price, not the exchanges themselves.
Smart plan from core team
I think the main team had a solid plan, and it was not just a coincidence, because what happened achieved more than one important goal:
1. Platforms do not control the market: If the core team had distributed quantities to the platforms, they would have been able to control the price as happens with other currencies.
2. Protecting Pi's internal economy: When selling is from people who already own Pi, and not from platforms or speculators, the market becomes stronger.
3. Paving the way for a stronger future: The initially low price forces weak speculators out, leaving the patient ones to profit later.
The real open network has not started yet!
Although Pi is now tradable on some platforms, the true open network has yet to begin! The ecosystem applications that are supposed to support the Pi economy have yet to emerge, major partnerships have yet to be finalized, and all this is because the network is still in the final stages of qualifying to make sure Pi goes to the people who deserve it.
Conclusion
Today was not just a normal listing, what happened was a calculated move by the core team, and what happened with the price is part of the plan, not a failure as some think. Those who understand the subject well will know that this is just the beginning, and that the Pi Network still has many surprises! Will the price start to rise soon, or are there other secrets waiting for us?
Whoever reads and follows will understand... especially what is between the lines... 👇
Congratulations to the platforms that collected their supplies from the pioneers...
Attached is a screenshot and translation of the video text by Dr. Fan 😉
And if you don't believe me, you can go back to the video...
The network did not sell a single cent.
For platforms...."
