Pi Network: Understanding the Purity Badge and GCV Value
The Pi Network has specific requirements for Pi coins to function at the Global Consensus Value (GCV). Here's a breakdown:
- *Purity Badge:* Pi coins with a Purity Badge are considered scarce and valuable.
- *Requirements:* To retain the Purity Badge, Pi coins must not be transferred to exchanges.
- *Contribution Balance:* Pi mined and never transferred to exchanges retains the Purity Badge.
- *Non-Contribution Balance:* Pi transferred to exchanges loses the Purity Badge forever.
Key Points to Consider
- *Pi Mining:* Pi mining will end soon, and the global open mainnet will bring changes.
- *Pi Browser Wallet:* The wallet will display the real Pi value and dollar equivalent.
- *Pi Balance:* The available balance will be categorized into Contribution Balance and Non-Contribution Balance.
Pi Network Overview
Pi Network is a blockchain-based digital currency platform developed by Stanford PhDs, including Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. The platform aims to create a secure and accessible digital currency for everyday use.