Pi Network moderators have openly rejected the long-circulated Global Consensus Value (GCV) myth, labeling it as misleading and harmful to the ecosystem, particularly for new members. They clarified that no official consensus value exists and that inflated price claims—such as 314,159 USD per Pi—have never been supported by the Pi Core Team. This move aims to protect small merchants from pricing goods based on unrealistic expectations during the Enclosed Mainnet phase.
Community leaders emphasized that the false GCV narrative has made Pi Network a target of ridicule in broader crypto circles, urging Pioneers to rely solely on official announcements. The timing coincides with the imminent launch of Map of Pi 2.0, which will introduce full on-chain payments, built-in escrow services, and enhanced search tools for over 140,000 merchants currently accepting Pi, alongside 2 million users and 100,000 verified reviews.
Pi Network co-founder Dr. Chengdiao Fan reinforced this focus on utility over speculation during her speech at TOKEN2049 in Singapore, stressing that long-term value derives from real-world use cases and innovation. Additionally, partnerships with entities like OpenMind highlight Pi's role in decentralized AI, with 350,000 nodes capable of supporting AI workloads while consuming 99.9% less energy than Bitcoin, positioning Pi as a sustainable blockchain infrastructure.
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