Pi/USD pair value is the most debate topic that I see in almost Pi group on social network. So I think that all pioneers need an app that allow them to propose their desire value of Pi.
Of course, the real value of Pi coin is not decided by this app. We can consider this as a survey of pi value for reference purposes only.
“Pi Value is a survey application for Pi coin consensus value”1. Any pioneer can suggest a desired price of Pi coin against USD.
2. The system will update in real time the consensus price equal to the average price proposed by all pioneers.
3. A pioneer can propose a desired price multiple times. To avoid spam, each time propose a new price, the pioneer must donate an amount of Pi equal to 10% of the proposed price difference from the current price.
4. All history of proposal and donation will be public to everyone.
5. All Pi donations will be accumulated and will be used for charity later.
6. To encourage the proposal of pi value. Each month there will be one time lucky draw. The lucky winner will receive a reward of 10% of the total donation Pi in that month. The lucky number will be draw on www.random.org.
1. Pioneer must open this app (pivalue.live) in Pi Browser to authenticate as a pioneer.
2. Pioneer can suggest any desired price of Pi but must be greater or equal zero.
3. Each time propose value of Pi/USD, pioneer agree to donate an amount of Pi equal to 10% of the proposed price difference from the current price (absolute value).
4. If you propose a value equal to current value (Pi/USD). And if the current value is less then 10 then donate amount is 0.1π, else if current value is equal or greater then 10 then the donate amount is: 1/(Current value)π.
5. The smallest donate amount is 0.00001π.
Current value Pi/USD = 10 (1π = 10$).
→ You propose desire value is 30 (1π = 30$).
→ difference from the current price: 30 - 10 = 20.
→ 10% of difference: 20*10% = 2 (USD).
→ convert to π base on current value: 2/10 = 0.2π.
⇒ to propose, you must donate 0.2π.
6. Once the proposal has been completed, this donate fee will not be refunded for any reason.
7. Each time you make proposal you will receive an proposal id, this id is used to participate in the lucky draw at the end of the month.
1. Each month there will be one time lucky draw. The lucky winner will receive a reward of 10% of the total donation Pi in that month.
2. Currently, we will use www.random.org to pick a random lucky number based on proposal id.
3. Lucky pioneer will be announce on homepage for a month. Lucky pioneer must contact @phquoctuan on Telegram to inform your wallet address to receive award.
4. The lucky draw is scheduled to be the 1st of the successive month. The specific date and time will be announced on the homepage, we will also provide a zoom link for everyone to participate.
1. All donations data will be public and accessible from this app.
2. Donations after deducting rewards and transaction fees, 10% will be used by Pi Value team to upgrade and maintain the Pi Value app, 90% will be used for charity.
3. Contributions will be given to charities like World Food Programme or Save The Children.
4. We will consult the pioneers community when giving charity but the admin (@phquoctuan) will make the final decision.