Pi Network publicly denies market rumors! GCV misleadingly claims each Pi coin is worth $310,000

Pi Network administrators have publicly refuted the long-circulating “Global Consensus Value” (GCV) claim, calling it harmful to the ecosystem and misleading to new community members. Moderators clarified that there is currently no official consensus value and that inflated prices such as “each Pi is $314,159” have never been endorsed by the Pi Core Team. Such false promotion distorts expectations during the closed mainnet phase and harms small merchants attempting to price goods based on unrealistic numbers.

Moderator Slams GCV Myth for Harming Merchants

(Source: Pi Network Moderator)

Pi Network moderators have stepped forward to point out that the GCV claim is false and harmful. They clarified that there is currently no official consensus value and that there have been inflated price claims, such as the notorious “$314,159 per Pi.” This number is derived from the first six digits of pi (π) and has been packaged by some community members as the “Global Consensus Value,” claiming it to be Pi Network’s “real value.” However, the Pi Core Team has never supported this claim.

Moderators warned that the various GCV rumors distort expectations for the closed mainnet phase and directly harm small merchants trying to price goods based on these unrealistic numbers. Imagine a small coffee shop owner believing GCV promotions and pricing a cup of coffee at 0.00001 Pi (about $3.14 if calculated at $314,159 per Pi), when the actual market price may be just a few cents. Such pricing confusion leads to failed transactions, lost customers for merchants, and ultimately damages commercial applications across the entire ecosystem.

Community leaders added that this false promotion has made Pi Network a laughingstock in the broader cryptocurrency space. On Reddit, Twitter, and other social media platforms, Pi Network is frequently mocked by supporters of other crypto projects because of the absurd GCV claims. This negative image seriously impacts Pi Network’s reputation in mainstream crypto communities and hinders opportunities for collaboration with other professional projects.

Several well-known Pi community figures have expressed similar opinions. They urge Pi users to block GCV promoters and focus only on official announcements. They believe that debunking these rumors is crucial to protecting sellers. This helps the ecosystem develop with integrity and prepares Pi for its eventual transition to an open network. When the community can price based on real market supply and demand, rather than on a fictitious “consensus value,” the Pi Network commercial ecosystem will be able to develop healthily.

The moderator’s public statement marks the first time Pi Network officials have so explicitly refuted GCV. This signals that project management has decided to proactively combat misinformation rather than let it spread unchecked in the community. This change in attitude shows that Pi Network is transitioning from a closed testing phase to a more mature stage of commercial application, and needs to establish market expectations grounded in reality.

Map of Pi 2.0 Lists 140,000 Merchants with Built-in Payments and Escrow

As the GCV debate gradually subsides, attention is quickly shifting to the upcoming release of Map of Pi 2.0, a major upgrade to the ecosystem’s largest commercial directory. The platform now boasts over 140,000 real merchants accepting Pi Network, 2 million users, and more than 100,000 verified reviews. The new version introduces full on-chain payments, built-in escrow, and smarter search tools.

140,000 merchants is an extremely impressive number, highlighting Pi Network’s achievements in real-world commercial adoption—far surpassing most crypto projects. In comparison, many higher market cap crypto projects have only a few hundred or even just dozens of merchants actually accepting them as payment. Pi Network’s ability to accumulate such a vast merchant network is thanks to its unique community-driven model and global user base.

Full on-chain payments are a core upgrade in Map of Pi 2.0. Previously, Pi payments may have required users to manually operate wallet transfers—a cumbersome and error-prone process. The new version integrates the payment flow directly into the map app, allowing users to complete payments with a single click, similar to Alipay or WeChat Pay. This seamless experience will greatly lower the barrier to using Pi for payments.

The built-in escrow feature addresses the trust problem in decentralized payments. In traditional peer-to-peer transactions, buyers worry that sellers won’t deliver after payment, and sellers worry buyers won’t pay after delivery. The escrow mechanism temporarily locks funds in a smart contract, releasing them only after both parties confirm the transaction is complete, protecting both sides’ interests. This is crucial for establishing a foundation of trust in the Pi Network commercial ecosystem.

Merchants can list their shops in just seconds, and the system will support multiple languages. This low-barrier design will attract even more merchants to the Pi Network ecosystem. The upgrade is expected to make the transaction experience smoother and safer, especially for users shopping offline with Pi Network for the first time. Community members believe that the Pi map is one of the strongest proofs of Pi’s growing utility—even before exchanges provide liquidity.

Three Core Upgrades of Map of Pi 2.0

Full On-Chain Payments: One-click payment, no need for manual wallet transfers

Built-In Escrow System: Smart contract locks funds, releases only after transaction confirmation, protecting both buyer and seller

Multilingual Support and Smart Search: Lowers the barrier for merchants to list; improves efficiency for users finding merchants

These upgrades show that Pi Network is moving from a proof-of-concept phase into large-scale commercial application. 140,000 merchants is not the end—this number could grow exponentially as the experience is optimized.

Dr. Chengdiao Fan: Utility, Not Liquidity, Is the Core

The Pi leadership’s emphasis on utility rather than liquidity aligns with the views expressed by Pi Network co-founder Dr. Chengdiao Fan at the TOKEN2049 conference in Singapore. She emphasized that Pi’s long-term value will come from genuine innovation and real-world use cases, rather than speculation or price games. She believes that focusing solely on liquidity risk will only repeat the failures of previous Web3 cycles.

This philosophy has become the core of Pi’s strategy. The project will continue to drive the development of decentralized applications, merchant adoption, and a global developer ecosystem—and sees these as the main drivers of value. This strategy stands in sharp contrast to most crypto projects, which typically pursue exchange listings and liquidity immediately after mainnet launch, hoping to attract attention through price speculation. Pi Network has chosen a more robust but slower path.

The advantage of this approach is that it builds real value support. When Pi Network finally opens its mainnet and lists on major exchanges, its price will be supported not just by speculative demand, but by the actual usage demand of 140,000 merchants. This utility-based price discovery mechanism is more sustainable and less prone to the extreme volatility of boom-and-bust cycles.

Pi Positioned as Decentralized AI Infrastructure

Pi’s partners have highlighted the network’s increasingly important role in decentralized artificial intelligence, further energizing the community. OpenMind and Pi contributors state that there are now over 350,000 nodes capable of supporting AI-related workloads, while consuming 99.9% less energy than Bitcoin. This cements Pi’s position as a potential sustainable blockchain and decentralized AI agent infrastructure layer.

Pi is positioned as a potential decentralized AI infrastructure, with nodes valued at $350,000 each and capable of supporting AI workloads at extremely low energy costs. This positioning is highly forward-looking, as decentralized AI is currently one of the hottest tech trends. Today’s AI computing mostly relies on centralized cloud providers, which are subject to single points of failure and censorship risks. If Pi Network can successfully build a decentralized AI computing network, it will unlock entirely new application scenarios.

350,000 nodes make up a massive distributed computing network. In comparison, Ethereum has about 6,000 nodes and Bitcoin about 15,000. Pi Network’s node count far exceeds these mainstream blockchains; while the computing power of each individual node may be lower, the sheer number provides potential for distributed computing tasks. The 99.9% lower energy consumption than Bitcoin is a huge advantage in sustainability, which is particularly attractive as global focus on environmental protection increases.

As Pi Network prepares for major upgrades and continues cracking down on misinformation, it appears to be opening a new chapter with clearer messaging, stronger tools, and a renewed emphasis on real value.