About PI Ecosystem
Hey guys Here's a translation:
Pi Network is making efforts to build and improve its ecosystem. However, it seems they're introducing a significant change. Their LaunchPad has a unique system different from traditional crypto launchpads.
One key difference is that with Pi Network, you'll need to commit funds to buy tokens and also stake some Pi. After a while, you'll get your staked Pi back. They've combined this model so that you get something they call PiPower, which shows you the number of tokens you'll get based on your staking and commitment. You must do both. There are also tasks that'll give you discounts to access the LaunchPad.
Meanwhile, in the crypto space, 90% of launchpad activities are speculation, with few utility tokens. Mostly memecoins are launched, and even those with utility often aren't sustainable.
How will crypto users receive Pi LaunchPad? Crypto traders are mainly chasing quick money. Pi seems to be fixing industry issues, but the market might not be ready for this change because most people see cryptocurrency as a means for quick trading profits.
Pi's approach might work for real builders, but they are a minority in the market. Traders prefer fast deals, taking profits while others take losses. So, Pi might not get huge volumes like traditional launchpads initially. They might adjust their plans later.
