Revealed: 77.8% of Pi Network Users Hold Less Than 10 Coins – What Does It Mean?
By: Elena - The distribution of coin ownership within the Pi Network has drawn
significant attention from the global cryptocurrency community. Recent reports
reveal that a staggering 77.8% of Pi Network users hold fewer than 10 Pi coins.
This finding raises several intriguing points worth discussing.
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1. Many New or Inactive Users
This data indicates that a substantial number of users are either new to the
Pi Network or have not been very active in mining activities. This underscores
the need for increased awareness and engagement within the community. With
proper education and encouragement for more active participation, it is hoped
that more users will be able to accumulate a significant amount of Pi before
the open mainnet launch.
2. Impact on Perceived Value and Liquidity
This distribution could influence the perceived value and liquidity of Pi
when it eventually gets listed on exchanges. With a broad base of shareholders
but small balances, a more distributed and stable trading pattern can be
established. This is different from concentrated ownership, which often leads
to high price volatility. In other words, with more users holding a small
number of coins, Pi trading could become more stable and less susceptible to
sharp price fluctuations.
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3. Importance of a Streamlined KYC Process
These findings highlight the importance of the Pi Core Team's efforts to
simplify and expedite the KYC (Know Your Customer) process. Ensuring that a
larger percentage of the community completes KYC will be a key factor in the
network's success and credibility as it transitions to the open mainnet. If
more users can complete the KYC process, more coins can be transferred to Pi
wallets and utilized within the ecosystem.
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As we approach the open mainnet launch, the actions taken by the Pi Core
Team and Pioneers will have a significant impact on the future of the Pi
Network. It is crucial for every user to be more active in mining and to take
advantage of the various features offered by the Pi Network. Additionally,
completing the KYC process is a critical step to ensure full participation in
the growing Pi ecosystem. With greater awareness and engagement, it is hoped
that the Pi Network can achieve its primary goal of creating an inclusive and
stable cryptocurrency network.
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