The price of $PI token from Pi Network has dropped, raising concerns among users. However, the team remains focused on long-term goals.
PiCoreTeam's Goals: Accessibility and Growth
The PiCoreTeam aims to make cryptocurrency accessible for newcomers by developing a Web3 ecosystem with practical applications. Key objectives include creating a safe entry point into blockchain and maintaining fair mining conditions.
Post-Open Network Actions: Building Utility
Following the Open Network launch, the team has intensified efforts to expand the Pi ecosystem, organizing a successful PiFest where over 125,000 sellers attracted 1.8 million users. An auction for .pi domains was also launched, enhancing the network's utility.
Token Price: Why Pioneers Are Worried
The price drop to $0.63 after reaching a peak of $2.98 has caused negative expectations among users. Some believe the lack of clarity around mechanisms like token locking and burning affects price stability.
The PiCoreTeam continues to work towards long-term goals despite short-term price fluctuations. Users are encouraged to exercise patience and trust in the project.
