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As preparations for the Consensus 2025 event unfold, discussions continue regarding potential growth opportunities within the Pi Network ecosystem. A notable expert in the cryptocurrency field has pointed out that two critical issues need resolution to capitalize on the benefits brought by the event. These developments encompass the approval process by the team and efforts to implement decentralized applications.
Pi Network (Pi Coin)
Renowned cryptocurrency analyst Dr. Altcoin expressed that the upcoming event could represent a significant opportunity for Pi Network. The event is expected to host over 20,000 participants from more than 100 countries and will take place in Toronto in mid-May. Nicolas Kokkalis, the founder of Pi Network, is also set to be among the distinguished speakers, planning to discuss strategies for decentralized growth and network adoption. Additionally, a substantial token reward plan for the community has been introduced.
Insights on Pi Coin
Dr. Altcoin emphasized that the Pi Core Team (PCT) must complete several steps before the event. The expert demands the approval of all Know Your Business (KYB) applications, followed by the official rollout of decentralized applications (DApps). Failure to meet these timelines may prevent the ecosystem from fully benefiting from the opportunities available.
Dr. Altcoin highlighted:
Dr. Altcoin: “The Consensus 2025 Summit is a major opportunity to promote Pi Network; it’s among the best events.”
Moreover, Kokkalis’ participation in the event has heightened expectations within the community. It is believed that Kokkalis will focus on strategies related to decentralized growth and network adoption. This raises curiosity about the future development plans of Pi Network.
Critics have pointed out the slow approval process for KYB applications by PCT. This has led some community members to seek alternative avenues. If critical processes are not completed on time, a shift toward other projects may be observed within the community.
The transaction price of Pi currently hovers around $0.6477. Experts indicate that significant increases in the token price could occur with the adoption of Pi Network by major financial institutions, while investors remain cautious regarding short-term fluctuations. Meanwhile, some central exchanges still maintain a negative stance during the ongoing airdrop distribution process for Pi Coin.
In light of rising expectations and criticisms, the impact of the consensus event on the sector is anticipated to be closely monitored. Completing updates and approval processes within the Pi Network ecosystem is deemed crucial for evaluating the potential offered by the event.
