The Pi project has indeed attracted a lot of attention since 2019. It claims to allow mining using just a mobile phone and employs a Stellar Consensus Mechanism, which is more energy-efficient than traditional mining.
However, after all these years, it has continually postponed the launch of its mainnet.
Now it's saying that it will officially open on February 20, 2025, but who knows if that's reliable. Although there are over 50 million users globally, with more than 18 million having completed KYC verification, there are even merchants in Taiwan accepting Pi payments.
But with a total supply of 100 billion, if we estimate it at 1 dollar, that gives it a market value of 100 billion dollars, which is indeed a bit scary.
The key will be the performance after the opening on February 20, whether it can get listed on mainstream exchanges, whether the price can stabilize, and whether the ecosystem can develop.
Currently, there are only 80 applications, which is still quite weak.
My suggestion is to maintain a rational perspective on this project, not to be too radical, and also not to dismiss it outright.
After all, blockchain is fundamentally about allowing more ordinary people to participate; it just depends on whether Pi can truly get this right.
After all, nothing in this circle is new, right? 😂
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.