Pi Network’s Secret System Sparks Curiosity After ALOSA π’s Revelation

An announcement of a new post regarding Pi Network has caused a huge discussion in the crypto community. ALOSA π (@maxwell_alosa) unveiled that the value system of Pi Network does not depend on the conventional mining rewards. According to him, the project creates value by contribution, and not speculation. Each app developer, node operator, and validator bring quantifiable value to the ecosystem. His words became an instant attraction among millions of Pi miners in the world who now raise questions about the real operation of the Pi economy.

Pi Network Converts Contribution to Real Value

Pi Network is based on the theory that users can contribute value by using it. The project does not rely on the energy-intensive proof-of-work mining. Rather, it gives credit to community participation. The post by ALOSA stated that all the activities, such as transaction validation, the development of apps, and node operation, are parts of an expanding network of trust. He underlined that Pi is not a reward mechanism but a chain of economic legitimacy. With this change of attitude, Pi transforms not as a token economy, but as a functioning, participatory economy.

Data Mining Discovers a Complex Process

A snapshot that was posted along with the post revealed some interesting information during a live mining session. The miner received 0.0267 π per hour, which is complemented by a base rate of 0.0027 π/hr. Boosters added to that by 663.69 percent, and rewards increased the production by 1.47 times. All the components were essential. Security Circle even increased by 100% using trusted users. A colossal 463.69% reward, the Lockup Reward, was a token of staying with their Pi in the long-term. The Utility Usage Bonus with a value of 0.47 was an incentive to users frequent users of Pi apps. These statistics indicated that Pi does not compensate inactive ownership-it compensates participation.

Analysts state that the model by Pi is in line with ISO 20022 international standard on secure financial data transfer. Pi has an authentic verification process which claims more than 1,000 types of documents that belong to over 240 countries, which further validates its argument of legitimacy. The advocates view that this system is capable of interacting with the mainstream financial networks as soon as Pi becomes open to the public exchange of the Mainnet. Robot developers are still creating decentralized applications (dApps) on the platform and utilize Pi as currency and utility.

Pi Community

Pi Network was started in 2019 by Nicolas Kokkalis and Chengdiao Fan, two Stanford PhDs. The founders had the desire to develop a cryptocurrency that was accessible by everyone and could be mined using a mobile phone. Today, the project has over 40 million users and more than 10 million have been authenticated using KYC (six years since it started). Pi is mined by users by opening the app every day and having trust circles. The system keeps track of the contributions and rewards are given out in real time. This business model creates a digital economy that is based on cooperation and openness.

Millions of miners have understood today that their involvement is what determines the power in the network. Coin locking, peer validation and Pi apps can increase earning ability. The post on ALOSA disclosed that the active users can multiply their mining rate by a few times. This model does not compensate on speculation. In case Pi manages to connect contribution to tangible value, then this might reshape the way individuals quantify wealth in Web3 ecosystems.