Pi Is Pegged On Its Ecosystem
Elaborating of the statement for clarity: There will be many people who think that with 1 Pi 7 billion, which exchange can have liquidity? Just discharge for a minute and the floor will collapse. The exchange has been deeply ingrained in the thinking of people and traders, something has value only when it is listed on the exchange and priced, that is old thinking. Let me assure you of one thing, Pi will not list on exchanges and will never rely on exchanges to determine value but rather from its ecosystem
This statement is suggesting that many people believe that for a digital currency like Pi, which has a maximum supply of 1 Pi for every person on earth (approximately 7 billion), it would be difficult for any exchange to have enough liquidity to support trading. The implication is that if people were to suddenly sell or trade their Pi tokens, it could overwhelm the exchange and collapse its market.
The statement goes on to highlight that the traditional mindset of valuing a currency or asset based on its listing and pricing on an exchange is outdated. It suggests that Pi, as a cryptocurrency, will not rely on exchanges to determine its value. Instead, its value will be derived from its ecosystem.
In other words, the value of Pi will be based on the usefulness and utility it provides within the Pi ecosystem, rather than being determined solely by market demand and supply on exchanges. This implies that the value of Pi will come from its adoption within various applications and services that accept Pi as a form of payment or utilize it within their platforms.
By emphasizing that Pi will not list on exchanges, the statement implies that the creators of Pi intend for its value to be determined holistically rather than relying on speculative trading on exchanges. This approach aims to create stability and long-term value for Pi, focusing on building a robust ecosystem rather than catering solely to short-term market fluctuations.
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