The value of your currency #Pi reflects its unique duality: within the main ecosystem of the Pi network, 1 Pi has a value of 314.159 USD, while on exchange platforms, it has a different market price.

This distinction is detailed in the Programming Document available on Pi Apps/Store.

Understanding the values

1 Pi = 314.159 USD represents the value derived from your contributions to the network, including mining, referrals, security circles, node operations, Pi locking, and exploring the ecosystem through the Pi browser. A cryptographic algorithm combined with AI will verify these contributions. This Global Consensus Value (GCV) applies to the entire main ecosystem of the Pi network.

The price of Pi on exchange platforms reflects real-time market dynamics, based on the supply and demand of platforms that have undergone 'Know Your Business' (KYB) verification. Each exchange provides an API code (Application Programming Interface) that facilitates connection with other applications or decentralized applications (dApps) within the ecosystem.

How it Works

The fixed value of 1 Pi = 314,159 USD is based on the contributions of pioneers within the Pi Network.

For example, if the market price of Pi on the OKX exchange is currently 1 Pi = 1 USD and you wish to make a purchase in a dApp (for example, a luxury car priced at 314,159 USD), you would need to acquire 314,159 Pi on exchanges. In contrast, if you use Pi obtained from contributions, the cost would be only 1 Pi.

Why two distinct values?

The main goal of including Pi on exchanges is to promote wider adoption. New users acquiring Pi through exchanges must register as pioneers, ensuring compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations to participate in the Main Ecosystem and obtain GCV. Without registration, the use of Pi is limited to its market price on the exchange.

Security in Transfers

Is it safe to transfer Pi from exchanges to your Pi Wallet? Of course. The system distinguishes between Pi earned through contributions and Pi bought on exchanges. The API code of each exchange helps the system accurately track these transactions, displaying both contribution rewards and Pi purchased in your wallet. If you acquire Pi mined by other pioneers, the market price will apply.

Opportunities for Businesses and Institutions

Businesses, organizations, and institutions wishing to adopt Pi can set up their own nodes to earn rewards for contributions and buy Pi on exchanges, just like individual users. The Core Team will support them through various initiatives, such as Pi Network Ventures.

Future Developments

The Core Team will select the main exchange platforms to facilitate Pi to fiat currency exchanges based on GCV, adhering to daily limits. These platforms will be integrated into the Main Ecosystem of the Pi Network, which could lead to the establishment of a Pi Bank. When purchasing goods and services within the ecosystem, there will be no daily Pi limit, depending solely on the ability of the dApps to meet the needs of pioneers.

Addressing Concerns About Whales

Rest assured that whales hold substantial amounts of Pi, such as 300 million Pi, on the platforms. If the market price is 1 Pi = 1 USD, this translates to 300 million USD in assets, equivalent to just 955 Pi from your contributions. The presence of more whales in the market contributes to the scarcity of Pi, which is a positive advancement.

Remember: only the Pi obtained through your contributions has GCV. Keep this information for all Pi users who have questions about these concepts to better understand how GCV works, especially GCV ambassadors who might feel lost. Understanding GCV is a matter of intention and humility, not reliant on extensive literature.

Your contributions to Pi are a treasure; protect them in your Pi Wallet. Let's focus on building the ecosystem and you will experience the equity that awaits you.