Pi GCV Value depends on adoption
If Pi Network is not intended for exchange markets and is instead designed solely for payments in products and services, its value would depend on community adoption and merchant acceptance. In this case:
1. **GCV Could Be Used** – If the community and merchants agree on a Global Consensus Value (GCV), Pi could be used for transactions at that set value.
2. **Limited Liquidity** – Without exchange listings, converting Pi to fiat or other cryptocurrencies would be difficult.
3. **Barter System Effect** – Pi would function like a digital barter system, where its value is based on mutual agreement between buyers and sellers.
4. **Adoption is Key** – The success of Pi as a payment method would depend on how many businesses and users are willing to accept it.
If Pi Network follows this model, it would be more of a closed ecosystem rather than a freely tradable cryptocurrency.