YEREVAN (CoinChapter.com) — Pi Community’s airdrop is now essentially the most beneficial in cryptocurrency historical past, surpassing Uniswap’s (UNI) earlier file. Following the Pi Community mainnet launch, its token debuted on a number of exchanges, setting a brand new business benchmark.
Pi Community’s airdrop reached $12.6 billion, doubling Uniswap’s $6.43 billion file from 2020. In contrast to conventional airdrops that primarily reward early adopters, Pi Community’s mining mannequin allowed hundreds of thousands of customers to mine tokens on cell units since 2019.
Pi Community Airdrop Worth Extra Than Doubles Uniswap’s Report
A report from Bitget highlighted that Uniswap’s airdrop in 2020 was the most important within the business earlier than Pi Community. Uniswap allotted UNI tokens value $6.43 billion, a milestone that remained unbeaten for practically 5 years.
Pi Community now exceeds this determine, with a circulating provide of 6.3 billion PI tokens at a launch price of $2.
Pi Community confirmed the token price, posting on X:
“1 PI = 2$.”
Cell Mining Mannequin and Widespread Adoption
Pi Community launched a distinct strategy to cryptocurrency mining. In contrast to conventional proof-of-work fashions, Pi Community mining permits customers to earn tokens utilizing cell units. Since 2019, hundreds of thousands have joined the venture, resulting in a broad group base.
A number of cryptocurrency exchanges, together with Bitget, supplied Pi Community airdrops earlier than the Pi Community mainnet launch. Equally, BitMart promoted USDT giveaways, anticipating the venture’s open section.
Pi Community Open Community Expands Blockchain Integration
The Pi Community Open Community section has now enabled exterior integrations. Beforehand, Pi Community operated in a closed ecosystem, however with this replace, connectivity with different blockchains and monetary programs is now potential.
The crew said:
“Open Network has unlocked Pi’s thriving ecosystem, innovative applications, and extensive peer-to-peer network for integration with the broader blockchain world.”
Regulatory Considerations and Market Challenges
Regardless of setting a file, Pi Community’s mining mannequin has raised issues. Some critics have questioned its construction, arguing that the Pi Community airdrop relied on mass person acquisition. Regulatory authorities have but to find out whether or not Pi Community’s mannequin meets compliance requirements.
Market volatility additionally stays an element. Many Pi Community token holders are first-time crypto contributors, resulting in uncertainty about long-term adoption.
Pi Community Value Drops 37% After Alternate Listings
Following its itemizing, Pi Community price dropped from $2 to $1.1984, marking a 37% decline. As of the most recent knowledge, the price additional declined to $0.9761, reflecting ongoing market volatility. Market knowledge means that early holders could have offered tokens after the Pi Community airdrop, affecting price stability.
