Pi Coin Users Justify Dual-Value Model Amid Price Decline to $0.60
The Pi Network community is discussing the viability of its dual value model amid a significant price correction for the Pi Coin, which has fallen to $0.60, an 80% drop from its peak.
Pi Network’s Dual Value System
The Pi Coin operates with two distinct price levels:
- Global Consensus Value (GCV): Internally set at $314,159.
- Exchange Price: Currently trades at approximately $0.60.
This dual pricing presents risks, including erosion of user trust due to the widening gap between GCV and exchange price, leading to potential exploitation by users buying low on exchanges and utilizing higher GCV within the ecosystem.
Community Support for GVC Model
Pioneers defend the GCV, citing its integration in smart contracts available on GitHub. Active communities in Thailand and Vietnam continue to operate based on the GCV rate. The current exchange price versus GCV shows a disparity of over 500,000 times, challenging the model's sustainability.
To mitigate these risks, the Pi Core Team plans to implement measures such as limiting participation to KYC-verified wallets and enforcing transactions through smart contracts aligned with the GCV.
Snorter Token ($SNORT) Launch
The new Snorter Token has raised over $628K since its May 2025 launch. It features a Telegram-based bot designed for trading meme coins on Solana, offering:
- Real-time scam detection with 85% accuracy
- Reduced trading fees at 0.85%
- Staking APYs exceeding 504%
- Access to exclusive community airdrops
Users can trade directly within Telegram, enhancing convenience. The ongoing presale prices $SNORT at $0.0947, allowing early adopters to benefit.