Pi2Team 𝝅 🔶

A few things need to be corrected when we talk about Pi: 1. Pi did NOT “drop 3,300% from its peak.” A price can only fall a maximum of 100%. The correct figure is roughly 97–98% down from the peak. 2. Pi uses 7 decimal places, similar to Stellar. Stop using decimal precision to predict Pi’s value. Dogecoin uses 8 decimals. Ethereum uses 18. Decimal places do NOT determine price. 3. Fake “Core Team” accounts are everywhere. They pretend to be insiders, build trust with harmless posts, then eventually promote scam tokens, GCV, or other questionable schemes. That is not good for the Pi community. #pi #pinetwork #파이 #파이코인

Pi is centralized. And the price is heading toward $0.01. The mined and unmined supply figures are not fully transparent. The Foundation has not clearly disclosed how much Pi it plans to use or how it will use it. The Core Team has not revealed its plan for the 20 billion unlocked Pi under its control. The fee policy remains unclear, and access to the blockchain is still centralized. In other words, Pi has too many hidden structures and too much opacity for the market to function freely and properly. The Pi Core Team is directly involved in controlling circulation and token distribution, so it makes no sense for them to say that price declines should simply be left to the market or blamed on the community. Pi is already trading around $0.07, and it could fall even further. Will the team still talk only about utility and refuse to introduce any price-support measures even if Pi falls to $0.05 or $0.01? The decision to issue 100 billion Pi was clearly a failure. Burn Pi. Proportionally burn the community’s unmined allocation, the Foundation’s allocation, and the Core Team’s holdings. Burn a portion of transaction fees as well, and have the Foundation conduct buybacks to help prevent further price declines. Otherwise, this project could truly fail. @PiCoreTeam @nkokkalis #pi #pinetwork #파이 #파이코인

This shows the one-week price performance of the top 100 cryptocurrencies by mc. Pi recorded the biggest decline among them. Will Pi be able to recover to $0.10 soon, or will it continue its downward trend toward $0.01? @PiCoreTeam @nkokkalis #pi #pinetwork #picoin #파이 #파이코인

🚨🚨🚨🚨🚨🚨🚨 stellar.org/blog/foundation-… This is the official article published on Stellar’s website in 2019, when it burned 50% of the total lumen supply. Recognizing that the original tokenomics did not work as intended and correcting it quickly also takes courage. Remember this. if Stellar had failed to protect the value of its token at that time, the great utility it built years later might never have been possible. ‐--------‐------------------------------ "What are those resources? Yesterday, there were about 105 billion lumens in existence, roughly: 20 billion out in the world 17 billion in SDF’s operating fund 68 billion remained earmarked for giveaway programs administered by SDF Stellar isn’t mined, so the lumens now in public hands are there because we’ve worked hard to get them there over the last four years. As for the other two allocations, in time and after a lot of thought, we’ve come to realize they’re too large. SDF can be leaner and do the work it was created to do using fewer lumens. Over the years we’ve also seen that giveaways and airdrops have diminishing effects, especially in the outsized amounts our original plan was designed to support. So a smaller public-facing program would have just as much impact. The network and community around Stellar are now robust enough to allow SDF to carry less weight, too--we’re just a piece of a much larger whole, and the funds we steward should reflect that. So: we’ve decided to reduce our lumen allocations, and to rededicate what remains to what we now think Stellar needs most. We’ll use approximate numbers here in the text, but the chart and table to follow detail the precise amounts in question. So: we’ve decided to reduce our lumen allocations, and to rededicate what remains to what we now think Stellar needs most. We’ll use approximate numbers here in the text, but the chart and table to follow detail the precise amounts in question. Just before this announcement, we burned 5 billion lumens from our operating fund. It now stands at 12 billion lumens. This reduction isn’t in any way a retreat from our mission. It’s an acknowledgement that we owe it to the ecosystem, to the network, and to ourselves, to be as efficient as possible in our work. We’ve plotted the next ten years of Stellar’s growth and even with our greatly increased ambitions for SDF, we’re confident these funds will be enough to see us, and the network, through. At the same time, we’re ending Stellar’s World Giveaway Program (for individual airdrops) and our Partner Giveaway programs, both of which were created at the network’s inception. 50 billion of the 68 billion lumens in those programs have also been burned. We believe the number of lumens we hold now aligns better with our mission. SDF will not burn any additional lumens. To burn the lumens, we have sent them to a Stellar account with no signers (including a master key weight of 0): GALAXYVOIDAOPZTDLHILAJQKCVVFMD4IKLXLSZV5YHO7VY74IWZILUTO We believe the number of lumens now aligns better with our mission. SDF will not burn any additional lumens. For clarity, this is what remained after these transactions: All told, there are now 50 billion lumens in existence[1]. Slightly under 30 billion of those are still administered by SDF. That pool is a resource for the whole network. We view these as “Stellar’s lumens”, not so much owned by the Foundation as held by us temporarily to use for initiatives that support Stellar and the ecosystem. Alongside this burn, we’ve developed a new set of strategic objectives for SDF, and we are publicly committing to using them pursuant to the plan below. This new mandate reflects our desire to do more of what has worked for Stellar and much less of what hasn’t. We’ve designed the new mandate with the future of the network foremost in mind, but as you’ll see below we’ve also tried to tie each allocation back to our original vision." #pi #piburn #pinetwork #파이 #파이코인 #stellar

Pi needs a token burn. I hope the portion of undistributed community allocation, Foundation allocation, and Core Team allocation will all be burned. A portion of transaction fees should also be burned. The Core Team should also introduce a clear policy to ensure that the amount of Pi entering circulation each year does not exceed a reasonable limit. @PiCoreTeam @nkokkalis #pi #pinetwork #파이 #파이코인