π - LISTING PI ON EXCHANGERS - π
Dear Pioneers,
According to WhitePaper, there's no assurance that Pi is going to be listed on exchangers after open mainnet. But anyway, the decision might later change, according to the needs of Pioneers and other reasons from the Core Team. Though, the Core Team didn't explain why exactly they have no desire for listing Pi on exchangers now, but listing or not listing Pi on exchangers would probably have no negative outcome on the coin as a Stable Coin.
What might be the main reason that might have impact on this decision of the Core Team is probably the price of the Pi Coin, and the large number of community it has. Bitcoin and Ethereum are the top leading crypto currencies in the crypto market. Despite those coins being unstable like the Pi Coin, the demand on the coins is very very high, especially the Bitcoin because of the profit that the coin returns with time.
If Pi coin should be listed on exchangers, then the probability of the coin to be in demand is going to be very very low, WHY? because it's a stable coin unlike BTC & ETH. If Pi is launched as a stable coin, then what would be the reason for people who didn't mined Pi to need Pi? Probably for other reasons like it happens with USDT?
If Pi can be used to buy anything or pay for goods and services, then people who are holding Pi will have no desire for exchanging it with other currencies. Though it could be extremely advantageous to pioneers for Pi to be listed on exchangers, so they can swap it with their desired crypto currency for trading, or exchange it for fiat. But the demand for Pi in the beginning is going to be very low because it would not return any profit for the buyers since it's a Stable Coin.
As time goes, the demand for Pi will be extremely high, but not on exchangers. Though, it would never reach that of BTC and ETH because of their differences, but it will definitely be in a serious demand because with time, Pi will be the main currency for the entire world to use anytime anywhere. And so, people who wants to have Pi coins must create utilities in order to get Pi. Like starting a business or serving people and accepting Pi as a means of payment.
Whatever the circumstances, people who mined Pi are the ones that will be very proud of the Pi Coin, and are the same people that will smile for Pi until the end of time. Because to them, Pi is like a free money though it isn't. The more you contribute to the Pi-Network, the more Pi you earn with time. Those who refer others to mine, those who joined the Validator program and those that uses the Pi-Browser regularly, know what exactly I mean here, including developers.
Don't play with starting a new mining session after every 24hr to earn more Pi, as the base mining rate decreases every month which is an indication of the time remain for the open mainnet launch.
"SHARE YOUR THOUGHT"
As a Pioneer, share your thought on Pi being listed on exchangers or not, and explain the reason for your decision, and what you think could be the solution.
DON'T FORGET TO SHARE THIS INFORMATION SO WE CAN HEAR DIFFERENT OPINIONS FROM OUR FELLOW PIONEERS AROUND THE WORLD TO SEE WHAT'S BEST FOR US!
Up Pi-Network ✌.
π - LISTING PI ON EXCHANGERS - π
Dear Pioneers,
According to WhitePaper, there's no assurance that Pi is going to be listed on exchangers after open mainnet. But anyway, the decision might later change, according to the needs of Pioneers and other reasons from the Core Team. Though, the Core Team didn't explain why exactly they have no desire for listing Pi on exchangers now, but listing or not listing Pi on exchangers would probably have no negative outcome on the coin as a Stable Coin.
What might be the main reason that might have impact on this decision of the Core Team is probably the price of the Pi Coin, and the large number of community it has. Bitcoin and Ethereum are the top leading crypto currencies in the crypto market. Despite those coins being unstable like the Pi Coin, the demand on the coins is very very high, especially the Bitcoin because of the profit that the coin returns with time.
If Pi coin should be listed on exchangers, then the probability of the coin to be in demand is going to be very very low, WHY? because it's a stable coin unlike BTC & ETH. If Pi is launched as a stable coin, then what would be the reason for people who didn't mined Pi to need Pi? Probably for other reasons like it happens with USDT?
If Pi can be used to buy anything or pay for goods and services, then people who are holding Pi will have no desire for exchanging it with other currencies. Though it could be extremely advantageous to pioneers for Pi to be listed on exchangers, so they can swap it with their desired crypto currency for trading, or exchange it for fiat. But the demand for Pi in the beginning is going to be very low because it would not return any profit for the buyers since it's a Stable Coin.
As time goes, the demand for Pi will be extremely high, but not on exchangers. Though, it would never reach that of BTC and ETH because of their differences, but it will definitely be in a serious demand because with time, Pi will be the main currency for the entire world to use anytime anywhere. And so, people who wants to have Pi coins must create utilities in order to get Pi. Like starting a business or serving people and accepting Pi as a means of payment.
Whatever the circumstances, people who mined Pi are the ones that will be very proud of the Pi Coin, and are the same people that will smile for Pi until the end of time. Because to them, Pi is like a free money though it isn't. The more you contribute to the Pi-Network, the more Pi you earn with time. Those who refer others to mine, those who joined the Validator program and those that uses the Pi-Browser regularly, know what exactly I mean here, including developers.
Don't play with starting a new mining session after every 24hr to earn more Pi, as the base mining rate decreases every month which is an indication of the time remain for the open mainnet launch.
"SHARE YOUR THOUGHT"
As a Pioneer, share your thought on Pi being listed on exchangers or not, and explain the reason for your decision, and what you think could be the solution.
DON'T FORGET TO SHARE THIS INFORMATION SO WE CAN HEAR DIFFERENT OPINIONS FROM OUR FELLOW PIONEERS AROUND THE WORLD TO SEE WHAT'S BEST FOR US!
Up Pi-Network ✌.
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