The price of Pi Network token has decreased to $0.63, raising concerns among its community. The core team, PiCoreTeam, remains focused on long-term goals despite short-term market fluctuations.
PiCoreTeam’s Core Goals
PiCoreTeam's mission is to democratize cryptocurrency, as outlined on their website. They aim to create a safe entry point into blockchain for newcomers, build a Web3 ecosystem, and foster a community-driven network. The team emphasizes fairness in mining and the security of their blockchain.
Post-Open Network Initiatives
Following the Open Network launch, the team's focus has shifted to expanding Pi's ecosystem. Key initiatives include the successful PiFest with 125,000 sellers, the .pi domain auction, and the introduction of two-factor authentication to enhance user security.
Market Sentiment Among Pioneers
$PI has dropped from its peak of $2.98, causing worry among many Pioneers. The lack of listings on major exchanges like Binance also contributes to the tension. Some Pioneers express dissatisfaction regarding transparency around mechanisms like coin locking and burning, leading to divided opinions on the project's future.
The PiCoreTeam continues to focus on their long-term goals despite the short-term challenges of token price. The evolution and success of the network will depend on their ability to balance ambitious objectives with community needs.
