Pi Network Community Awaits GCV Decision on June 28

June 28, 2025, is a pivotal day for the Pi Network community, dubbed the “Day of Great Expectation.” Millions of Pioneers are eagerly awaiting the Pi Core Team to address the Global Consensus Value (GCV) and acknowledge it as the true value of PiCoin. Supporters of GCV advocate for a value of $314,159 per Pi, symbolizing belief, unity, and trust in the project. Although the Core Team has not officially endorsed this value, it is being promoted globally, particularly in Asia and Africa.

GCV is a community-driven value, not determined by exchanges or market prices. Over 6 million small on-chain transactions indicate that people are already using this value in real trades. A recent poll showed that 99.1% of users support GCV, asserting that while the Core Team handles the technical aspects like Mainnet and KYC, it is the users who give Pi its real value through everyday use. If the Pi Core Team were to adopt GCV, it would not involve setting a fixed price for exchanges. Instead, the Core Team would continue building the ecosystem and encouraging more real-world use.

Critics, however, argue that GCV is merely symbolic and not practical, with its actual value only becoming apparent once the open mainnet launches. Analysts like Dr. Altcoin warn that without a major update, including a GCV discussion, the token could slide back to $0.40. Conversely, even a small update or roadmap news could boost the price and community sentiment.

Pi Coin has faced challenges recently, with a 24% drop in the past month and an 80% decline from its all-time high. With more tokens unlocking and no major news yet, the pressure is mounting. The mainnet launch, expected soon, could change perceptions of the project and its future value if updates on GCV, merchant tools, or mainnet news are provided. If the Core Team remains silent, it could lead to mass sell-offs and users losing interest. The community demands that the Pi Core Team officially recognize the GCV as a show of respect for the millions of users who have supported the project over the years.

Moreover, a leading Pi Network news account has expressed frustration, stating that if Pi2Day only brings Pi Domains and no big updates, many will be disappointed. They are urging the Core Team to launch long-promised features like smart contracts instead of stretching out announcements over the years.

On June 28, the Pi Network community is abuzz with anticipation as the core team is expected to break its silence on the highly anticipated Global Cryptocurrency Venture (GCV). This event marks a significant milestone for the Pi Network, which has been in development for several years and has garnered a substantial following worldwide. The Pi Network, known for its innovative approach to cryptocurrency mining through a mobile app, has been working diligently to transition from its testnet phase to a fully functional mainnet. The core team has pledged that the mainnet launch will occur in the first quarter, contingent upon the completion of the ongoing Know Your Customer (KYC) verification process. This verification is crucial for ensuring the security and legitimacy of the network, as it helps to prevent fraudulent activities and maintain the integrity of the Pi ecosystem.

In preparation for the mainnet launch, the Pi Network has been actively developing various decentralized applications (DApps) to be deployed on the Pi Browser. The core team plans to introduce 100 DApps, enabling members to buy and sell goods and services worldwide using Pi coins. This development is a significant step towards realizing the full potential of the Pi Network, as it will provide users with a practical and accessible way to utilize their Pi coins in everyday transactions.

The upcoming update on June 28 is expected to address several key aspects of the Pi Network, including KYC, tokenomics, and mining changes. These updates are likely to have a profound impact on the network's functionality and user experience, as they will shape the future of Pi coin mining and its integration into the global economy. The core team's decision to break its silence on these matters indicates a high level of confidence in the network's readiness for the mainnet launch and its potential for growth and success.

The Pi Network's journey to the mainnet launch has been marked by a series of challenges and milestones, each of which has contributed to the network's development and refinement. The core team's commitment to transparency and community engagement has been instrumental in building trust and support among Pi Network users, who have eagerly awaited the mainnet launch and the opportunities it will bring.

As the Pi Network community prepares for the June 28 update, there is a sense of excitement and anticipation. The core team's decision to address the GCV and other critical aspects of the network is a testament to their dedication to the project and their commitment to delivering a high-quality and secure cryptocurrency platform. With the mainnet launch on the horizon, the Pi Network is poised to make a significant impact on the global cryptocurrency landscape, offering users a unique and innovative way to participate in the digital economy.