ABOUT
PESS is an innovative digital asset that delivers real value within the global ecosystem of the Pi Network. It is designed to be used across all ecosystem stores where Pi Coin is accepted, enabling users to freely swap between Pi and PESS, thereby maximizing the utility and value of both coins. PESS goes beyond being just another coin — it is positioned to play a pivotal role in the global economic system of the Pi Network, offering a new and seamless experience for the Pi community and users worldwide.
Background and Vision
PESS has been developed with a focus on expanding the Pi Network ecosystem and enhancing user convenience. Its core objective is to ensure that the coin can be used seamlessly across all Pi Network ecosystem stores worldwide where Pi Coin is accepted. PESS is not limited to regional use — it aims for global adoption in line with the international expansion of the Pi Network. It will be distributed and utilized in Pi ecosystem stores across the globe, allowing users to freely spend and trade their PESS anywhere in the world. As a result, PESS will establish itself as a central medium of global value exchange within the Pi ecosystem. Overview and Strategic Approach of PESS Coin
Role and Objectives of PESS Coin
PESS Coin is a digital asset designed to provide users with tangible value within the Pi Network ecosystem.
Key Objectives:
Provide an asset that can be seamlessly exchanged with Pi Coin within the Pi ecosystem.
Serve as a payment method for various products and services in a global usage environment.
Reissue on a Pi-based foundation when Pi Network achieves full decentralization and complete openness in the long term.
Current Situation and Strategic Response
Current Situation: Currently, the Pi Network has not yet achieved complete decentralization, and token creation and wallet address provision are only possible after meeting institutional requirements, such as KYB (Know Your Business) certification.
Short-term Measures:
Distribute the already issued BSC-based PESS tokens as a priority to support usage in the Pi Ecosystem Store and related platforms.
Develop a swap function within the PessWallet app to facilitate free conversion between PESS tokens and Pi coins. (This is only possible if smart contract support is provided by the Pi Network.)
Long-term Plans:
Develop and reissue new Pi-based PESS tokens once the Pi Network becomes fully open and decentralized.
Establish a smooth exchange system with existing BSC-based tokens to ensure that users can transfer their assets without any issues.
Key Features and Potential Applications
Seamless Interaction with Pi Coin: Initially, BSC chain-based PESS tokens will support transactions and service utilization within the Pi Ecosystem. Upon the full opening of the Pi Network, these tokens will be converted to Pi-based tokens to enhance interoperability.
Global Payment Method and Distribution: PESS tokens will be usable in Pi ecosystem stores and commercial platforms in various countries, including South Korea, promoting economic circulation as a global exchange medium.
Transparent and Fair Token Distribution: During the initial distribution phase, value will be delivered fairly to users and ecosystem participants according to a predetermined distribution model. In the long term, stability will be secured through smooth exchanges with reissued Pi-based tokens.
Decentralization and User-Centered Participation: Although institutional requirements impose limitations at present, the ultimate goal is to adhere to decentralization principles. Community-driven decision-making, exploration of development directions, and the introduction of reward and mining systems will encourage user participation.
Building a Sustainable Economic System: With the growth of the Pi Network, PESS tokens will play a key role within the economic circulation structure through commercial transactions and various partnerships. Built on eco-friendly and scalable blockchain technology, PESS ensures fast and stable transactions.
Future Prospects
PESS Coin adopts a dual strategy of distributing BSC-based tokens to overcome current institutional constraints while preparing for the reissuance of Pi-based tokens upon full decentralization and openness of the Pi Network.
Short-term: Focus on providing stable services and enhancing user experience within the current environment.
Long-term: Lay the foundation for global expansion and full decentralization of the Pi ecosystem, aiming for PESS Coin to establish itself as a central economic asset within the Pi Network.
By optimizing responses to the present situation and implementing forward-looking plans, PESS Coin is prepared to continuously deliver value to users within the Pi Network and play a significant role in the global economy.
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