Key Notes
- The significant Pi Coin price gap, over 500,000 times, raises questions about the system’s feasibility and trustworthiness.
- While some users emphasize the GCV’s integration into smart contracts and its promotion by active communities, critics argue that the disparity undermines trust.
- To address these challenges, advocates suggest measures such as limiting ecosystem participation to KYC-verified wallets and implementing GCV-enforced smart contracts.
Pi Coin
PI
$0.63
24h volatility:
0.0%
Market cap:
$4.66 B
Vol. 24h:
$54.35 M
users have recently been debating Pi Network’s dual value model and its long-term sustainability.
This discussion arose after the Pi token price experienced a major correction, dropping to $0.60, an 80% decline from its peak, while the gap between the values in the dual-value system continues to widen.
Understanding Pi Network’s Dual Value System
The Pi Network community, known as Pioneers, acknowledges the existence of two distinct price levels for Pi Coin.
- Global Consensus Value (GCV): Within the Pi ecosystem, the coin holds an internal value referred to as the Global Consensus Value, symbolically set at $314,159, a nod to the mathematical constant, Pi.
- Exchange Price: On external exchanges, Pi Coin currently trades at approximately $0.60.
Although the dual pricing mechanism for Pi Coin represents an innovative experiment, it also introduces considerable risks along with it. Mr. Spock, an investor and advocate for Pi Network, views this system as a potentially deliberate strategy. In a recent message on X, he suggested that this could pave the way for broader adoption of Pi Network with value alignment in the future.
Can Pi Network’s Dual-Price System Really Work? An In-Depth Look at GCV vs Exchange Prices
As the Pi Network continues to evolve, an important question is surfacing among Pioneers and crypto enthusiasts alike:
Can a dual-price system for Pi Coin actually work one price inside… pic.twitter.com/DEtEhj7ZlC— Mr Spock 𝛑 (@MrSpockApe) June 9, 2025
Mr Spock also pointed out some potential strengths associated with this dual-value system such as merchant trust and consistency, stable environment for Pi-based apps and platform, as well as protection against volatility along with market manipulation.
However, he acknowledges the significant challenges built into the system. The vast disparity between the Global Consensus Value (GCV) and the exchange price erodes trust among users.
This gap opens the door for exploitation, as people can buy Pi tokens at the low exchange price and then use them within the community at the substantially higher GCV rate.
Pi Coin Users Support the GVC Model
Pioneers remain vocal in defending the Global Consensus Value (GCV). Some emphasize that developers have embedded the GCV within the source code of smart contracts, which are publicly available on GitHub.
Others highlight active communities in Thailand and Vietnam that continue to advocate for and conduct transactions based on the GCV rate.
At the current exchange price of $0.62, the Global Consensus Value (GCV) stands at more than 500,000 times the market value, presenting a significant challenge to the model’s practicality and sustainability.
Mr. Spock stated that to address these risks, the Pi Core Team is taking proactive measures to uphold the integrity of the GCV.
Proposed actions include limiting ecosystem participation to KYC-verified wallets and implementing smart contracts that enforce transactions according to the GCV.
🔥Snorter Bot Rockets Past $600K, Crypto Traders Can’t Get Enough
A new contender in the crypto utility space, Snorter Token ($SNORT), is turning heads with its rapid success. Powered by the Telegram-based Snorter Bot, built for sniping and trading meme coins on Solana, the platform has raised over $628K since its launch.
Features and Utility
The Snorter Bot offers real-time scam detection with an impressive 85% accuracy against rug pulls and honeypots. Its utility token, $SNORT, provides reduced trading fees (0.85% compared to the standard 1.5%), staking APYs exceeding 504%, and access to exclusive community airdrops.
Users can snipe, trade, copy strategies, and manage portfolios directly within Telegram, eliminating the need for browsers or additional tools. The ongoing presale, spanning 60 stages, currently prices $SNORT at $0.0947, offering early adopters significant opportunities.
Key Stats of Snorter Token:
- Blockchain: Solana (with plans for multi-chain expansion)
- Ticker: SNORT
- Funds Raised: $628K
- Launch Date: May 2025
Early investors can participate using wallets like Phantom or via the Telegram bot itself.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
