In the previous message, I mentioned that the price of pi on exchanges belongs to privately negotiated contracts, and I have also seen many people online who believe that the GCV pi price of 314159 is a fantasy.

Pi previously launched a wallet that allows users to purchase Pi directly with fiat currency using Banxa, which attracted large spot traders and led to a rapid surge in its price on July 28th.

Now, Pi has launched a second fiat purchase service, TransFi.

The purpose of launching these two platforms is to serve users in different countries, as not everyone has access to Banxa. This time, the launch of TransFi, targeting the European market, is particularly significant.

TransFi is a fiat currency exchange platform based in Lithuania. Following the impact of Banxa, the current purchase price of Pi on TransFi is 0.1 higher than on exchanges. Yes, you read that right: the exchange is currently 0.35, while the purchase price on TransFi is 0.45.

Will this entry into the European fiat currency market trigger another wave of large spot traders buying? Let's wait and see.

On-chain prices are generally being driven up. As previously explained, exchanges are merely private contracts, like in-game prices within private games. They cannot be used to translate into external fiat prices because they are privately contracted.

Therefore, two prices are currently emerging, some even diverging from each other, creating a large premium.
When retail investors mistake the exchange price for the on-chain Pi price, they are voluntarily choosing to sell at a lower price in someone else's private contract.

Currently, most retail investors, unaware of how to access on-chain prices, are forced to use the exchange price as their pricing.
In fact, as soon as someone releases an on-chain price chart, it becomes clear that the private contract prices on exchanges are deceptive and manipulated.

The current price of Pi must be based on the on-chain exchange value of foreign exchange fiat currencies. Don't rely on exchange prices anymore. You can sell to others at a lower on-chain price, so why use the exchange price to sell at a lower price?

Other manipulation is their business; we only use the on-chain price.

Withdrawing Pi from exchanges will reduce price manipulation by whales borrowing coins in private contracts on exchanges.

#PI
#pi