If they open KYC and migration to all pioneers before the Mainnet launch, it could lead to many pioneers selling their Pi accounts and Pi due to the absence of a fully-developed ecosystem to support their usage. Additionally, many pioneers may be in need of money and choose to sell their Pi. However, if a large number of pioneers sell their Pi, it could jeopardize Pi's long-term goal of becoming a widely used currency. This would lead to centralization, whereas a currency ideally needs to be widely distributed.
👉CT is currently waiting to open 15 million KYC and 10 million migration wallets for pioneers until they can assess how the ecosystem has developed. Once there are more ecosystem available for Pi usage, the risk will be minimized, and they will accelerate the process of opening it to more pioneers.
✅So pioneers, please pay attention: Your timer will be paused if KYC is not open to you or if your migration queue is in a waiting status. You don't need to worry about your timer expiring because it hasn't opened to you and timers won't start. As I mentioned, CT doesn't open to everyone, so if you didn't receive anything, it is normal. They will open to all after OM when there is more ecosystem that can absorb your Pi for usage. When OM, only a small number of pioneers have Pi in their wallet. This is for safety and risk reduction. In case anything happens and needs fixing, they can have a chance. So we should appreciate CT because they will protect Pi Network to realize its goal. And Pi Network realizing its goal means all pioneers will realize our financial freedom dream. Just passing KYC or having Pi in your wallet doesn't mean you've achieved financial freedom if Pi Network fails to achieve its goal. This is the difference between Pi as a currency and traditional cryptocurrency as an investment.
👉So all pioneers understand everything here is connected. What you want is KYC, migration, and OM. But because you don’t study, you will be confused why CT delayed all processes for two years. If you understand well, you will see CT is doing a great job. They protect the project. However, they cannot complete our task. If our pioneers don’t know our task, we will complain to CT. Actually, CT should complain about us. It is the pioneers who delayed the progress.
✅How should we pioneers do? It is very easy. If you don’t have Pi migrated, study by yourself first, and then help other pioneers get good education. Now you don’t need to write, you only need to pass my articles and other GCV Ambassadors' good articles and pass the GCV barter info to your other group.
✅If you passed KYC and got your Pi in your wallet, actively join ecosystem development. Either be a merchant or a pioneer to barter with the GCV price. Now, I recommend partial Pi and partial FIAT so that both merchants and pioneers can win!
Disclaimer: The above is my personal analysis. I am not representing CT. It is only intended for reference by pioneers.
Doris Yin 🪷🪷🪷
