The PI Network Community stays divided before the event “Pi Day 2” on June twenty eighth. A central discussion point is a user proposal to assign a worldwide consensus (GCV) of $ 314,159 per PI coin. This proposed evaluation is in contrast to the present trade area of the coin of approx. 0.55 to 0.65.
The GCV proposal proposes to frustrate 500,000x premium in comparison with the market price network tax problems.
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The proposed value refers back to the mathematical constant π (3,14159) and is supported by a segment of the community. Others argue that the evaluation lacks practical feasibility. The proposal was raised before the event, wherein the network is updated for updating the inner and token model.
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GCV proposal proposes a bonus of 500,000x over the market price
The proposed GCV is nearly 500,000 times higher attributable to its existing price. At this speed, the market capitalization of PI 31 US dollar would storm, which assumes a suggestion of 100 billion tokens. According to the World Bank in 2024, comparison was estimated at 106 trillion dollars in 2024.
Dr. Altcoin, a PI community analyst, described the GCV as symbolic. He said that the number contributed to awakening an early interest within the project and using it as a valuation benchmark is missing. “Even with a conservative circulating offer, the applying of this number results in an assessment that goes beyond a measurable economic system,” he said.
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Some community members argue that the GCV shouldn’t be intended for external markets. They suggest that it serves as a reference point for pricing throughout the PI ecosystem. These users consider the worth as a benchmark for apps and dealers and never as a number for open trade.
Other users have taken care of the undeniable fact that the gap between GCV and actual market prices can result in price consistencies. If PI is cheaply acquired on informal exchange and used for a better internal value, users can reap the benefits of the system. The PI Core team didn’t react publicly to the GCV proposal or clarified its view of the upcoming event.
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PI network -Technical migration problems result in frustration of the users
The GCV discussion corresponds to continued infrastructure problems reported by the users.
Some accounts show empty credit despite the successful KYC check. Others report that migration to the Mainset has stalled or stays incomplete. Delays in briefcase access and the app functionality were also marked in accordance with the Horizon upgrade.
According to the core team, over 12 million users have accomplished the Mainnet migration.
However, unresolved access problems have raised questions on the willingness of the platform to support consistent token use. Users have also expressed concerns a couple of wallet, in accordance with reports 276 million PI tokens. The team has not announced the aim of this participation.
From June 13, Pi Coin will act with $ 0.554, 53 percent in comparison with the previous month and 67 percent last 12 months. The day by day trade volume has increased by 254 percent within the last 24 hours. Analysts interpret the amount backlog as an indication of increased sales pressure.
Pi/USD Daily Price Chart. Source: Coinmarketcap
