GCV Ambassadors Writes To Pi Core Team Demanding Open Mainnet Launch On Pi2Day (June 28th)

You have been eagerly anticipating the launch of Pi Network’s Mainnet and subsequent ability to exchange your Pi for fiat currency or other cryptocurrencies. As a member of the Pi community, you understand that the Core Team has worked diligently to build a cryptocurrency focused on everyday usability, security, and community consensus. However, some feel the wait has been too long. Ambassadors and community leaders have come together to petition the Core Team for an open Mainnet launch on Pi2Day 2022, citing the need to capitalize on community enthusiasm and establish faith in the currency. Their date is strategic, coinciding with Pi Day, a beloved celebration of the mathematical constant Pi. The choice reflects a symbolic fresh start for the currency. As a Pi holder yourself, you have an interest in this debate. Should the Core Team act now to capitalize on current energy or exercise patience to ensure maximum security? The answer will shape the future adoption and valuation of this cryptocurrency. Your perspective matters, so stay informed and consider adding your voice.

TOPIC #31: WHY WE NEED TO SUBMIT OPEN MAINNET ON Pi2DAY 2024 GCV PETITION TO CT?

Today, many countries' Pi Network Ambassadors and community leaders have submitted proposals and petitions to the Core Team (CT) regarding the OM time and Pi price. These two key points are crucial… pic.twitter.com/3uSAjg0ky8

— Doris Yin 东方紫莲🪷 (@dorisyincpa) April 7, 2024

The Importance of Open Mainnet for Pi Network

Demand for Mainnet Launch

The Global Consensus Value (GCV) Ambassadors have submitted a proposal to the Core Team requesting an open Mainnet launch on June 28, 2024 (Pi2Day). The Ambassadors believe launching Mainnet is crucial to Pi Network’s long term success and community trust.

Migration and Compliance Progress

The Core Team has enabled over 50,000 wallet migrations in 24 hours, demonstrating the network’s scalability and security. At this rate, over 5 million wallets can migrate in 83 days. However, Mainnet launch depends on pioneers’ behavior and compliance. Pioneers must stop unsafe transactions and black market activity, allowing safe, legal transactions and data to improve the network.

Building Trust and Momentum

Delaying Mainnet risks losing pioneers’ trust and participation. Community leaders have invested heavily in educating and motivating pioneers, but enthusiasm may wane over long periods. Seizing the opportunity to launch now can reignite passion and build momentum.

Financial Viability

Mainnet launch allows pioneers to access the value of their Pi and support Pi Network financially. Without Mainnet, pioneers have no way to benefit from Pi’s potential value. The network needs pioneers’ financial support to scale sustainably.

A Call to Action

The time to act is now. Opportunities are fleeting, and the window to launch Mainnet and realize Pi Network’s vision may be closing. Community leaders call on pioneers to redouble compliance efforts and motivate the Core Team to launch open Mainnet on Pi2Day, proving the network’s readiness and seizing this pivotal moment. Together, pioneers and developers can fulfill Pi Network’s promise. The time for action is upon us.

Global Consensus Value Determines Readiness for Mainnet

The Global Consensus Value (GCV) movement has submitted a formal petition to the Core Team requesting an open Mainnet launch on Pi2Day, June 28th, 2024. As Pi Network Ambassadors and community leaders representing pioneers worldwide, we believe the network has achieved sufficient progress and stability to proceed to the next stage.

Migration and Compliance

Over the past six months, we have observed the Core Team open a vast number of small balance accounts and safety regions, indicating a low risk of violations or unsafe activities. This progress allowed migration to accelerate to 50,000 accounts per day. If this rate continues for 83 days, the network can reach 5 million wallets. However, pioneers must maintain exemplary behavior to ensure this speed continues unimpeded. All pioneers must cease unsafe or illegal transactions immediately and comply fully with the Pi Network’s terms of service.

Timing and Trust

The opportunity to launch Mainnet may not present itself again if we delay further. Pioneer passion and enthusiasm have a limited duration, and after six months, motivation becomes increasingly difficult to maintain. The Chinese proverb “opportunities must not be missed, time will never come again” applies here. The Core Team has invested heavily in the network, but they rely on pioneers to do their part. We must act now to retain trust in the ecosystem and allow the financial mechanisms of the network to function.

Request for Approval

We petition the Core Team to respect the will of the global pioneers, as represented by the GCV, and approve a Mainnet launch on Pi2Day. The GCV Ambassadors have worked diligently to educate communities and cultivate consensus, and we believe the Pi ecosystem is ready to progress to the next stage. The time is now to activate the network and allow the digital asset to reach its full potential. Together, we can make history.

Pi Ambassadors Call for Mainnet Launch on Pi2Day 2024

Respected Pi Core Team, on behalf of Pi Network Ambassadors and concerned community leaders across the globe, we submit this formal petition. We demand the launch of the open Mainnet on Pi Day, March 14, 2024.

Migration Progress Satisfactory

The migration of accounts to Mainnet is progressing at an acceptable pace. Over 50,000 accounts were migrated within 24 hours recently, indicating the risks of disruption are minimal. At this rate, 5 million wallets can be migrated in 83 days. The Core Team has strengthened security and optimized the process, instilling confidence in Pioneers.

Window of Opportunity Closing

Community enthusiasm and participation will not last indefinitely. After 6-12 months, motivating Pioneers becomes challenging. The opportunity to launch Mainnet must be seized immediately to capitalize on current momentum and passion. A delay risks disillusioning Pioneers and eroding their support and trust in the ecosystem.

Consensus on $314 Price

The Global Consensus Value of $314.15 for 1 Pi at Mainnet launch is backed by data and endorsed by Ambassadors worldwide. This price is symbolic of Pi Day and resonates with Pioneers, garnering widespread support. The Core Team should respect the will of the community in this regard.

Call to Action

We call upon the Core Team to announce the open Mainnet launch on Pi Day 2024. The infrastructure and security risks are manageable, global consensus has been achieved, and the window of opportunity is closing. Bold action must be taken immediately. The future of the Pi Network project depends on it.

In conclusion, we reiterate the demands of this petition and pledge our full support in educating and motivating Pioneers to make the open Mainnet a success. The opportunity is now, time will not come again. We eagerly await your response and decision on this matter of utmost importance.

What Is the Global Consensus Value for Pi Network?

The Global Consensus Value (GCV) refers to the total value of Pi coins agreed upon by Pi Network pioneers around the world. As the network continues to grow in users and engagement, the GCV provides a mechanism by which the value of Pi can be determined in a decentralized manner prior to the open Mainnet launch.

How Is the GCV Calculated?

The GCV is calculated based on several factors, including:

1. The number of Pi coins in circulation. As more users join the network and engage in mining activities, the total Pi supply increases.
2. Pioneer activity and retention rates. The more active and engaged pioneers are, the higher the perceived value and utility of Pi coins.
3. Network security and decentralization. As the network becomes more decentralized and robust against attacks, confidence in Pi increases.
4. Potential use cases. The range of potential uses for Pi coins, such as facilitating transactions on the network or exchanging for goods and services, impacts the GCV.

Why Is the GCV Important?

The GCV provides an estimate of Pi’s value based on measurable network factors. This can build confidence in Pi and encourage more pioneers to join the network. The GCV also gives pioneers a sense of the potential value of the Pi they earn from mining before the open Mainnet launch. This may motivate them to increase their mining frequency and invite more users to join the network.

For the Core Team, the GCV demonstrates that pioneers see utility and value in Pi coins. This can provide justification for continuing to invest resources in developing and securing the Pi Network. The GCV may also inform the initial listing price if Pi is made available on public exchanges after the open Mainnet launch.

In summary, the GCV is a pioneer-driven mechanism for estimating and building the value of Pi coins prior to their full release and availability on public markets. By considering a range of factors related to network growth, security, and potential utility, the GCV provides an objective valuation for Pi that strengthens confidence in the network overall.

Conclusion

As Pi Network Ambassadors and community leaders, we must take the initiative to take action for our communities. The opportunity to transition to open Mainnet is within our grasp if we work together. Our communities are passionate now, but we must capitalize on this enthusiasm. Let us not delay but instead move forward boldly to request the Core Team open Mainnet on Pi2Day. We have done our part in building a record of good behavior on the blockchain. Now we must beat the drums to draw attention to our goal. The Core Team has demonstrated their capabilities, so we must prove ours by complying with guidelines. By doing so, we can migrate quickly and minimize risk. This opportunity will not come again, so we must seize it. The power is in our hands through unity and action. Let us move forward into the next phase of our network’s growth. The time for open Mainnet is now.