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Pi Network Shocks Crypto World with $314,159 Value Claim

By

Triparna Baishnab

Triparna Baishnab

Pi Network claims a stunning $314,159 value per coin, sparking global buzz and confusion. Is this real or just another crypto illusion?

Pi Network Shocks Crypto World with $314,159 Value Claim

Quick Take

Summary is AI generated, newsroom reviewed.

  • Pi Network claims a Global Consensus Value of $314,159 per Pi coin.

  • The value symbolizes the mathematical constant π (3.14159).

  • Pi remains unlisted on exchanges, meaning the value is not market-backed.

  • The project has over 50 million users and a strict halving system.

By asserting a “Global Consensus Value (GCV), in the shape of 314,159 per coin of Pi, the Pi Network community has shocked crypto fans around the globe. This amount is a valuation statement which is one of the boldest in cryptocurrency history based on the mathematical constant π (3.14159). The assertion came together with the discussions on the development of the ecosystem by Pi and the continued migration of the mainnet.

The price of the Pi is calculated at $314,159 and is symbolic with respect to the number 3, which represents Pi Network. According to the supporters of the network, this Global Consensus Value represents the belief in the lack of Pi and its prospect. They say that the scarcity is crucial to have value in the future since the users will be increasing. This valuation is, however, not yet acknowledged by any formal exchange.

Growth Path of Pi Network.

Pi Network is a project that started in 2019 by the founders who were Stanford graduates and wanted to make crypto mining possible through smartphones. The mobile-first architecture enabled users who were a part of the set of pioneers to mine Pi without the need to purchase costly hardware. According to community reports, there are more than 50 million registered users and almost 30 million active miners by 2025.

The network is at its mainnet stage, with verifiable users that successfully pass KYC migrating to it. According to what developers argue, a Decentralized Exchange (DEX) and Pi App Studio will shortly make it more useful. Pi Network is also scarce with a halving mechanism. The mining rate reduces by half when the user base increases ten times:

  • 10,000 users → 0.8 Pi/hour
  • 100,000 users → 0.4 Pi/hour
  • 1 million users → 0.2 Pi/hour
  • 10 million users → 0.1 Pi/hour
  • 30 million users → ~0.05 Pi/hour

The next reduction of 50 million users is likely to lower mining to almost zero. This rule aims to regulate supply, in the belief by supporters that it imitates the Bitcoin scarcity principle.

Analysts View the $314,159 Claim

Analysts term the statement as symbolic optimism, and not as an economic forecast. Assuming that there were 1 billion Pi coins priced at $314,159, the market cap would exceed 300 trillion which is more than the world GDP. The number is a cause of excitement to supporters; however, experts warn that in order to have real value, demand is necessary, there should be exchange listing and liquidity.

Nevertheless, the distinctive approach of Pi to the mining industry, which is mobile mining with close to zero energy consumption, makes it continue to have an international discussion as the possible next-generation utility token.

The crypto community is still divided. Those who are enthusiastic refer to the valuation as the beginning of a new digital economy, and those who are not as cynical as to dismiss it as unrealistic hype. The large numbers of users and growing ecosystem make Pi continue to engage users globally, despite the controversies.

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