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Big Day for Pi Network: Will the Core Team Break Silence on GCV This June 28?
June 19, 2025 – In a dramatic turn of events, the Pi Network community is holding its breath as it anticipates a crucial announcement from the core team. The hype surrounds Global Consensus Value (GCV), a value set by users that has garnered immense support. As of now, there is no official stance on GCV, leaving enthusiasts eagerly awaiting clarification.
The buzz surrounding this development began when millions of small transactions were recorded, suggesting that people are already utilizing the assigned value in real-world trades. This surge in usage comes as a result of 6 million users actively engaging with Pi Network’s blockchain platform.
Despite the fervor surrounding GCV, critics argue that its actual practicality remains uncertain and hinges on updates to the project’s infrastructure. In contrast, advocates emphasize that the community-driven approach embodies the core spirit of decentralization and democratic governance, as it empowers end-users in determining the value of PiCoin.
As June 28 approaches, investors are left pondering whether this will be the day where the team takes a stance on GCV. Many believe that refraining from addressing the issue could lead to mass sell-offs and disillusionment within the community.
While some remain skeptical about GCV’s potential impact, a prominent Pi Network news source has expressed concern that if the June 28 event only delivers minor updates, such as Pi Domains, users may feel frustrated. Consequently, they have urged the core team to prioritize long-promised features like smart contracts and not prolong announcements indefinitely.
The tension surrounding this milestone date stems from the fact that any non-committal stance on GCV could lead to widespread disappointment among supporters and potentially harm the project’s overall prospects.
Source: coinpedia.org
