The Future of Pi Network: Beyond Price Speculation

As the Pi Network continues to grow, many are focused on the potential price of Pi coins. However, the real value of Pi lies in its long-term vision and potential applications within the broader blockchain ecosystem.

So today, we are exploring above and beyond the dubious speculation of Pi.

Pi Network’s Technological Potential

Beyond the current speculation, Pi Network aims to be more than just a cryptocurrency. Its developers are building a robust platform that could host decentralized applications (dApps), smart contracts, and more. These innovations could position Pi Network as a significant player in the blockchain space.

Some of the smart contract examples include:

• Play to Earn Games

• Non Fungible Tokens (NFTs)

• Decentralized Finance Protocols (DeFi)

• Central Bank Digital Currencies (CBDCs)

• Pi Tokens (Pi’s version of “ERC20 tokens” created on the Pi Blockchain)

As much as the Pi Network loves to give real-world use-cases all the importance in the world, the above 5 crypto use-cases are immense driving factors. In fact, we can even argue these are the main driving forces behind the success of Ethereum and Solana.

Tokens created on Pi Network would create more demand for Pi coins. This is because anyone wanting to get involved with any token, would ultimately have to buy Pi first, in order to be able to exchange for any of those tokens. This process drives up the price, especially when there are hundreds or thousands of projects launching and millions of people wanting to get-in on the action.

Real-World Use Cases

For Pi to thrive, it needs to offer real-world utility. The developers are working on various use cases that could integrate Pi into everyday transactions, peer-to-peer exchanges, and even global remittances. This potential for real-world adoption could drive long-term value far beyond speculative trading.

There is a wide variety of apps integrating Pi. For example:

• Local commerce (Watugot, Map of Pi)

• Escrow payments (CoinSkro)

• Webshops (PiChainMall)

• Travel Apps (PiToGo)

• Plugins (PiEcard)

• Rideshare

• Gambling

• Auctions

• Games

• and much more!

Creating real-world use-cases is a slow process, and so is building a decent mobile application. As Pi Network KYCs and migrates its userbase to mainnet, hopefully these apps become more polished.

After open mainnet, however, the competition between these apps will become greater as more non-pioneer businesses join the space to build. Also at this point, large amounts of money are at stake for developers, hence, we can foresee a quicker growth of Pi apps inside the Pi ecosystem to capture the pioneers’ attention.

Community-Driven Growth

Pi Network’s strength lies in its community. With millions of users already engaged, the network’s growth is driven by its members, who actively contribute to its development and spread awareness. This community-centric approach ensures that Pi remains accessible and inclusive.

Pi already has a greater number of people than most of top 100 cryptocurrencies, which makes its launch all the more exciting! With more holders, it can spread the message and create awareness of Pi Network better. In today’s where social media dominates, pioneers can make a louder noise, so more people will find Pi once Pi is tradable globally.

As a side-note, Pi’s community is largely made up of people who are brand new to the crypto space. This is interesting because Pi succeeded in attracting new users to the crypto space, which is a notoriously hard task for projects to achieve. This is mainly because of the tremendous amount of pitfalls in the crypto space. By all measures, the Pi Core Team is creating a safe-space for folks new to crypto.

Partnerships and Integrations

Looking ahead, Pi Network could benefit from strategic partnerships with businesses and other blockchain projects. Collaborations could lead to new integrations, expanding Pi’s utility and adoption. Such developments could elevate Pi Network from a niche project to a mainstream digital currency.

As much as we want large partnerships, let’s face it: Pi must have a market price in order for it to be taken seriously. Pi Network boasts of millions of holders who are ready to spend for goods and services, therefor, apps, websites and businesses integrating Pi will likely enjoy increased purchases because of pioneers — however, without a market price for Pi, brands don’t even bother considering Pi option as right now. It’s too risky.

Furthermore, think bottom-up, not top down. At the beginning, we will have smaller businesses integrating Pi. The bigger the company, the less likely they will integrate Pi in their business. What Pi needs is a lot of small businesses and a lot of people adding it as an alternative payment option. This would be a great start to make our way to the bigger companies.

Challenges and Opportunities

Of course, Pi Network faces challenges. Regulatory hurdles, technological scalability, and market competition are all factors that could impact its future. However, these challenges also present opportunities for growth and innovation. By addressing these issues head-on, Pi Network could solidify its place in the crypto world.

As we’ve seen, the Pi founders are used to taking the path of most resistance to tackle the giant problems. The rewards for solving the big problems in life often come obviously and up in many ways. So why cannot see these rewards yet, if Pi solved big problems?

This is because Pi Network has solved — and is solving — major problems in a tiny bubble we call “Pi Ecosystem”. This is the main testing ground before doing it on a large scale. Before open mainnet, Pi Core Team’s problem-solving methods, alongside with showcasing utilities, must reflect the reality to the world.

In other words, the Pi Network ecosystem must become undeniable proof of all the proof-of-concepts an ideas of the founders working in sync. 

The problems solved in the end (such as identity, bots, wallets, apps, universal basic income, platform, social media, web 3.0, etc.) must be demonstrated clearly with the tools and methods used, why it worked, how others can do it or how they can join the Pi ecosystem to take advantage.

In one sentence: Pi Network is fixing problems on a smaller scale properly first; then with open mainnet, fix problems for the next 100 million users.

Conclusion

While price speculation dominates discussions around Pi Network, the true value lies in its potential to revolutionize the way we interact with digital currencies. As the network evolves, it’s crucial to look beyond the short-term price and consider the long-term vision of creating a decentralized, community-driven ecosystem.

By focusing on real-world applications, technological innovation, and strategic partnerships, Pi Network could become a cornerstone of the blockchain industry, offering value far beyond mere speculation.

That’s a wrap from us today!

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