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Pi mainnet upgrades to protocol 21 successfully Pi Network (Pi Network) has confirmed a successful upgrade of its mainnet to Protocol 21. The update marks another step in the project’s ongoing network development. Node operators have been asked to ensure their systems are fully updated. The team has also...

26,394 görüntüleme • 1 ay önce •via X (Twitter)

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**Congratulations to Chinese Pioneers Purchasing Cars via Full Pi Payments at GCV** BYD Auto Service Co., Ltd., located in the Yuhua District of Changsha City, Hunan Province, is supporting Pi payments at a GCV rate of $314159 for the exchange of hundreds of cars. Each car was traded for 0.2 Pi, allowing around 40 Chinese Pioneers to drive home today. Congratulations to them! 💪💪💪✌️✌️✌️ Yong Chuang Capital has invested 40 million RMB in these hundreds of cars. The financial backing comes from Gaoling Group, Sequoia Capital, Hongyuan Construction, Poly Group, and Hunan Pi Chain Co., Ltd. I have verified this information with Mr. Li Shao from the Hunan Pi Network Merchants Association. The price of 0.2 Pi covers all related fees. While this amount is slightly above the fair market value (FMV), it is justified because the Pioneers did not need to pay Pi upfront; they simply signed contracts committing to pay after Pi migrated. The capital's willingness to accept full Pi payments at this time, before the official mainnet launch (OM), is driven by the potential for significant profits. The belief that the value of Pi is fixed at $314,159, as noted in the GitHub code, contributes to this perception of minimal risk. This can be called the time value. As long as pioneers have been notified this extra charge, it is a Fair barter for both sides. Although the price is higher than FMV, it addresses the immediate high demand for cars among Pioneers. Time is a critical factor, and Pioneers are willing to pay a premium to acquire their cars as soon as possible. A special thanks to BYD Auto Service Co., Ltd. for their prompt support of the GCV Ecosystem. We also appreciate the backing from the financial supporters of the Pi Network at the GCV rate of $314,159! With just one day remaining until the mainnet launch (OM), I anticipate that more significant commodity merchants will join the Pi Network soon. The Know Your Business (KYB) process for merchants has opened today, which will help address the challenge of merchants not having wallets to receive Pi. This is a priority channel for merchants to complete their KYB and obtain a wallet to connect to the Pi Network Blockchain. Doris Yin 🪷🪷🪷

Doris Yin 东方紫莲🪷

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