With 2x the max supply of the “parent” blockchain, Stellar ( 50B vs 100B ), PI started trading at 10x the current price of XLM and now has amazing support at x2 the current price of XLM ( 0.6 vs 0.3 )
2.PI Network managed to maintain a 0.6 USD support line for 12h while every user that received their airdrop ( first mainnet migration unlock ) rushed to cash out all of their airdrop or part of it.
3.PI Network conducted the single largest airdrop in crypto history. Pi Network’s airdrop valued at $12.6 billion, doubling Uniswap’s $6.43 billion record.With a total circulating supply of 6.3 billion PI tokens and a launch price of around $2, Pi Network’s total airdrop value reached $12.6 billion on Thursday.
4.PI Network has the most comprehensive coin unlock schedule, vesting and staking program.All of the Core Team allocation is locked and vested for years and years.First mainnet migration is pretty much random, dependant on KYC success and mainnet checklist completion, resulting in users reaching unlock stage and exchange deposit and sell order placement gradually, ensuring price stability.On the same line we can imply that the second mainnet transfer and the subsequent mainnet transfers will also take place gradually so there won’t be at ANY time a massive sell off.
5.PI in app “mining” has decreased sharply for the last few years and will continue to decrease at an accelerated pace until it eventually stops.A regular user with their security circle complete and a few solid referrals can currently “mine” aprox 0.2 PI per day.If one chooses to also run a node 24/7 and lock a big part of his stash, this could rise up to 2–3 PI per day.The point is, PI is scarce and will only become more scarce.Mining will soon come to a halt, first and second batch of airdrop sell pressure will subside and a supply shock will occur ( no more PI available on the exchanges for people to buy — price goes up ).
6.PI Browser and PI “mining app” are both in top 200 ( most countries even top 20 ) in both Google Play Store and Apple App Store.PI has reached people and places that even Bitcoin or Ethereum or even ETH-killers have never dreamed of reaching.We have people of all ages that for the first time are directly involved in any crypto related project.
7.And then there’s Binance.Binance is by far the biggest crypto exchange in the World.Binance popularity, availability and resources are bigger than the other 9 top exchanges combined.Binance does not ask crypto projects if they want to be listed, nor they ask the community if they want a specific coin to be listed.New or promising projects with deep pockets go to them and beg to be listed.Except PI: Binance now runs a “vote” to ask the community if they “should” list PI.The vote is 85% in favour of a listing.But do not be mistaken: The vote is just a ploy.Binance already is in talks with PI Core Team to work out how are they gonna pass KYB and list PI as soon as possible.The poll ends on 27 because that’s how long they considered the discussions will take.It’s not easy business passing KYB and they know it.Sidenote: Binance poll post about PI is now the most viewed and shared Binance square post ever.
8.GCV community: Yes, 314k per PI is a fantasy/joke.But the people that hold the GCV as reality are not fantasy or jokes.They are real people with real motivations and desires.And they are many.Those people will NEVER sell for “real” prices that PI has on external exchanges and will continue to trade in PI at the GCV value.For how long or what exactly will they be able to buy in such a way, i don’t know.The point is, their PI is pretty much locked forever, and as such, out of the circulating supply.
9.PI Core Team level of transparency, communication and delivery is almost unmatched in the crypto space.The team behaves like professionals that are trying to build something solid, future-proof and revolutionary.Now that PI has a price and is validated as LEGIT by external players, investors will start to take notice.
10.I don’t have a 10th reason right now, I only got the other 99! Now that I think about it, 99 reasons really does sound better than 10, maybe i’ll come back and make that post too!
No AI Bot was used in writing this.Opinions are my own.NOT FINANCIAL ADVICE.
