The huge gap between the global consensus value (GCV) and the
1 PI is worth a whopping $314,159, while the actual market price is only about $1 or less. The PI network stands out for its dual value system, but this unique setup raises concerns about its utility, transparency, and growth potential. Strategic plan? Analyst Mr. Spock believes this may be part of a long-term strategic plan rather than a flaw. He says this creates two separate economies—within the PI ecosystem, apps and services use the high GCV rate, while outside, on exchanges, PI trades like a regular altcoin at market rates. The system keeps these values separate using controls like wallet locks and KYC, creating two related but distinct economies. The analyst notes the strengths and risks of the dual value system. He notes some key strengths of the dual value system—it builds trust, creates stability for apps, and protects against market volatility. But he also warns of significant risks. People could exploit this by purchasing cheap PI from exchanges and spending it at a much higher GCV rate within the ecosystem. The presence of wildly different PI prices can confuse users and make outsiders skeptical of the project. Also, the dual-value PI model relies on community trust. If users prefer market prices to GCV, its relevance could quickly fade. Can the PI Core Team help? To protect the system, the PI Core Team has also proposed measures such as limiting access to KYC for users and enforcing GCV through smart contracts.He also proposed locking Pi to limit supply, slowly closing the price gap as real usage increases. Several pioneers supporting GCV note that smart contracts with GCV rates have been uploaded to GitHub, and communities in places like Thailand and Vietnam are actively using GCV for transactions. “This mission is alive because of all of us,” said Lumary, a committed pioneer. The analyst noted that Pi’s true value comes from trust, interest, and community, not just price charts. Pi fell more than 60% in May. With an estimated 100 billion Pi coins in circulation, a valuation of each Pi on GCV would put Pi at over $31 quadrillion, which would be significantly more than the entire world’s GDP. But users are still unmoved. Activity steady but uneven. Dr. Altokin said in a recent YouTube video that 3.35 million Pi were moved to the Mainnet in the last 24 hours, and 7.9 million Pi were unlocked today. This indicates steady but uneven activity due to KYC delays and migration rollbacks. PI is trading around $0.63, with a market cap of $4.63 billion. In the short term, he expects PI to trade between $0.618 and $0.641. If the price stays above $0.625, it could rise to $0.64. He says that how newly unlocked PI is distributed is key to price action.$BTC
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