Facts about the Pi Network
When I first encountered the Pi Network, I was, like many in the blockchain world, interested in the price. The most important question was: what will be the value of this token? But I quickly realized that focusing on short-term price overlooks the bigger picture. If you compare it to the prices of cryptocurrencies at launch - like Bitcoin when it was just cents, or Ethereum at $0.31 - the potential value of the Pi Network could exceed 90% of its predecessors. More importantly, it is not just a "currency"; it is an emerging ecosystem with a clear vision, which made me rethink its long-term value and get excited about its future.
Comparison with leading cryptocurrencies
Most cryptocurrencies started at modest prices:
Bitcoin launched in 2009 at just $0.0008.
Ethereum was priced at $0.31 in 2015.
As for Pi, it has already appeared in the markets at prices ranging from $0.6 to $2, making it start from a stronger point compared to most other blockchain projects.
But price is not everything; what excites me is the ambition of the Pi Network. While Bitcoin was just a peer-to-peer payment experiment, and Ethereum emerged with smart contracts, Pi has defined its mission from the start: to build a decentralized ecosystem based on smart contracts and decentralized applications (dApps), making it a more ambitious project from day one.
Does Pi have real value?
Many cryptocurrencies lack real utility and rely on speculation or just a supportive community, but the Pi Network breaks this pattern by:
1. The Know Your Customer (KYC) system, ensuring that the network consists of real users.
2. Encouraging developers to create decentralized applications like games, e-commerce, and social platforms, which are already in testing phases.
Imagine after the launch of the Mainnet, that Pi becomes a decentralized hub connecting millions of users, supporting a range of practical applications. Isn't this clear evidence of its true value?
Delay is not always negative
I've heard some concerns from the community about the delay in launching the mainnet or that prices did not meet expectations. But for me, this indicates a team working hard to build a solid foundation before pushing tokens to the market. It’s a similar approach to what Ethereum did, which did not achieve success overnight, but through the development of smart contracts and community support, making it one of the largest blockchain projects today.
What about the future of Pi?
If we want to measure Pi's future value, we need to look at the community size and ecosystem utility:
More than 100 million registered users, even if only 10-20% of them remain active, that's a huge market.
Support from prominent investors like Designer Fund and Ulu Ventures, reflecting great confidence in the project.
If Pi can enter daily use cases like payments, entertainment, and education, the demand for the currency will naturally rise.
Are there risks?
Certainly, the cryptocurrency market is full of risks, and competition is fierce. The success of Pi depends on actual execution, but the ecosystem strategy gives it a strong advantage compared to currencies that rely solely on price.
My advice to you
If you are part of the Pi Network, do not let short-term price fluctuations affect your vision. Prices rise and fall, but the ecosystem's growth is tangible. I had doubts sometimes about continuous mining, but with every new update and every new decentralized application, my faith in the project grows.
Pi is not just an investment; it is a blockchain experience and an opportunity for ordinary people to be part of the future of digital currencies. Be patient, follow developments, and engage with the community. Just as those who held Bitcoin in its early days, we may one day look back with pride at our decision today. The Pi Network journey is not over yet, and we are all a part of it!