As the Pi Network approaches its global open mainnet, it's essential to understand the significance of the Purity Badge and its impact on the value of Pi coins. According to recent updates, the Pi coins that will function at the Global Consensus Value (GCV) are limited, and the number is estimated to be less than 1 million.
The Importance of Purity Badge
The Purity Badge is a crucial aspect of the Pi Network ecosystem. It signifies that the Pi coins have not been transferred to any exchange and are retained in their original form. Dr. Nicolas Kokkalis and Dr. Chengdiao Fan have emphasized the scarcity and value of Pi coins, stating that those who persevere until the end will achieve great things.
Pi Coin Classification
The Pi Browser wallet will have two types of available balances:
1. Contribution Balance: Pi mined and never transferred to any exchange, retaining the Purity Badge and eligible to function on GCV.
2. Non-Contribution Balance: Pi transferred to an exchange in the past, losing the Purity Badge forever and ineligible to function on GCV.
Requirements for Holding Pi with Purity Badge
To hold Pi with a Purity Badge, Pioneers must:
- Create a Pi account
- Mine for at least 30 days
- Complete KYC
- Be in the migration queue
Consequences of Transferring Pi to Exchanges
Transferring Pi coins to crypto exchanges results in the loss of the Purity Badge, even if they are transferred back. This emphasizes the importance of holding Pi coins in their original form to retain their value.
Sources of Information
The information is based on:
1. Pi GitHub – Programmed Codes
2. Pi Network Whitepaper – Vision and Mission
3. Pi Browser – Ecosystem Development
Congratulations to Loyal Pioneers
As the Pi Network progresses towards its global open mainnet, we congratulate all loyal Pioneers who have persevered and retained their Pi coins with the Purity Badge. Your dedication and commitment to the Pi Network ecosystem will be rewarded.
About Pi Network
Pi Network is a blockchain-based digital currency platform developed by Stanford PhDs, including Dr. Nicolas Kokkalis. The platform aims to create a secure, decentralized, and accessible digital currency for everyday use. With its innovative approach and strong community support, Pi Network is poised to make a significant impact in the world of digital currencies.
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