The recent drop in the price of $PI to $0.63 has sparked concern among users of Pi Network. This article reviews the team's goals and responses to the current situation.
Core Goals of PiCoreTeam
The PiCoreTeam is focused on democratizing cryptocurrency and creating a user-friendly ecosystem for novices. They emphasize fair mining practices and the security of their blockchain. Key objectives include creating practical applications within the Web3 ecosystem.
Post-Open Network Actions
Since the launch of the Open Network, PiCoreTeam has intensified efforts to expand the Pi ecosystem. Key initiatives include: * Hosting PiFest, which registered 125,000 sellers and 1.8 million users. * Launching the .pi domain auction for developers. * Implementing two-factor authentication (2FA) to enhance security.
User Reactions to Price Drop
With the drop in $PI price, Pioneers are expressing discomfort. Many users have voiced concerns about the lack of transparency in mechanisms affecting price stability, such as token locking and burning. At the same time, some remain confident about the project's long-term prospects.
In conclusion, despite the current price drop of $PI, the PiCoreTeam continues to work towards creating a sustainable ecosystem. Patience and trust in the team’s strategy may prove vital for users.
