Pi Network’s GCV Movement Gains Ground in China’s Largest Trade Hub

marks a pivotal moment for Pi Network’s Global Consensus Value (GCV) initiative, particularly in China. The China GCV Industry Alliance has made significant strides in Yiwu, the world’s largest wholesale market for small commodities. Local businesses are increasingly accepting Picoin as a form of payment, signaling that GCV is evolving from a symbolic concept into a practical economic standard.

As shared by Doris Yin, a key figure in the Pi Network community, the warm reception from merchants in Yiwu reflects growing confidence in Picoin’s utility. The GCV model, which values 1 Pi at $314,159, is being used in peer-to-peer transactions and merchant integrations, demonstrating that decentralized valuation can function in real-world commerce.

Understanding GCV: A Community-Driven Valuation Model

Global Consensus Value (GCV) is a valuation framework proposed by the Pi Network community to reflect the long-term potential of Picoin. Unlike market-driven prices, which fluctuate based on speculation, GCV is rooted in collective agreement, utility, and participation.

Anchored to the mathematical constant π, the figure $314,159 symbolizes Pi Network’s commitment to structure, logic, and enduring design. It serves as a rallying point for millions of users who believe in Picoin’s role as a medium of exchange and a store of value.

According to, the GCV initiative is designed to empower pioneers to define value through use, not hype. It encourages users to hold, transact, and build with Picoin, reinforcing its role as a functional currency rather than a speculative asset.

Yiwu: A Strategic Launchpad for Adoption

Yiwu’s status as a global trade hub makes it an ideal location for testing large-scale adoption. With thousands of merchants and a high volume of daily transactions, the city offers a dynamic environment for integrating Picoin into retail and wholesale commerce.

Reports indicate that Pi payments are being accepted for a wide range of goods, from textiles and electronics to food and services. The China GCV Industry Alliance has facilitated merchant onboarding, technical support, and community engagement to ensure smooth implementation.

This expansion is not limited to symbolic gestures—it involves real transactions, verified users, and operational infrastructure. It reflects Pi Network’s shift from theoretical models to practical deployment.

Doris Yin’s Role and Community Leadership

Doris Yin, founder of the Pi Network Global GCV Movement, has played a central role in promoting GCV adoption. Her outreach to merchants, coordination with local alliances, and public communication have helped bridge the gap between digital currency and traditional commerce.

In a recent statement, Yin confirmed that dozens of businesses in Yiwu are now accepting Picoin at GCV rates. She emphasized that the initiative is backed by community consensus and supported by investors such as Gaoling Group and Sequoia Capital.

Her leadership exemplifies the decentralized ethos of Pi Network—where value is shaped not by institutions, but by users.

Infrastructure That Enables Real Utility

Pi Network’s technical foundation supports this adoption. On September 3, the network launched Protocol v23.01, which includes:

• Smart contract support via Soroban

• Parallel transaction processing for scalability

• Decentralized KYC aligned with ERC-3643 standards

• Biometric authentication via Passkey

• Linux Node expansion for institutional-grade deployment

These upgrades ensure that Pi can handle high transaction volumes, secure identity verification, and decentralized governance. The infrastructure is not just theoretical—it is powering real commerce.

Picoin: Currency of Participation and Trust

Picoin is earned through verified engagement, not speculative trading. Its capped supply and inflation-resistant design make it suitable for stable, everyday use. In September, the base mining rate was reduced to 0.0027405 Pi per hour, reinforcing scarcity and long-term value.

Unlike many cryptocurrencies that struggle to find real-world use, Picoin is already circulating in local economies. From groceries to professional services, users are spending Pi like real money—and merchants are accepting it with confidence.

🌏🌏🌏PI NETWORK NEWS: 🌏 A Strong Leap for GCV in China!

It’s truly impressive to see the China GCV Industry Alliance making strides in Yiwu—the world’s largest wholesale market for small commodities—by expanding Pi Payment. As Doris Yin shared, the warm reception from local… https://t.co/RkRrQFUC2e pic.twitter.com/JTTnihML7x

— JoJo-π (@jojo102102) September 8, 2025

Global Expansion and Institutional Recognition

Pi Network’s reach spans over 160 countries, with active communities in Southeast Asia, Africa, Latin America, and Europe. The listing of Valour Pi ETP in Sweden brought nearly $947 million in assets under management, signaling institutional confidence in Pi’s long-term viability.

Meanwhile, Pi Coin has been listed on Swapfone (BTCC) in the United States and integrated with Onramp Money, enabling fiat access in over 60 countries. These developments make Picoin more accessible and tradable, supporting liquidity and adoption.

Challenges and Strategic Considerations

Despite its progress, Pi Network faces challenges. Price volatility, governance centralization, and infrastructure scaling remain ongoing concerns. With 82.8% of token supply still under Core Team control, the network must balance decentralization with strategic oversight.

The PiOS codebase is now 90% complete, and DAO frameworks are being tested to enable community-led decision-making. These efforts aim to ensure that Pi’s journey remains inclusive, transparent, and resilient.

What Comes Next

Looking ahead, Pi Network’s roadmap includes:

• Full deployment of Soroban smart contracts

• Expansion of staking and DAO governance

• Launch of Pi-powered marketplaces and identity services

• Continued rollout of smart contract-enabled applications

• Potential listings on major exchanges and institutional platforms

• Further expansion of GCV adoption in China and beyond

Each milestone builds on the foundation laid during the GCV rollout in Yiwu. As Picoin becomes more accessible and tradable, the ecosystem gains the flexibility needed to scale.

Conclusion: GCV Is Becoming a Living Reality

The expansion of Pi payments in Yiwu marks a strong leap for the GCV initiative. What was once a visionary concept is now being tested in one of the world’s busiest commercial centers. With community leadership, merchant engagement, and technical infrastructure in place, GCV is no longer a distant dream—it is becoming a living reality.

For pioneers, developers, and institutions alike, the message is clear: Pi Network is building a decentralized economy where value is defined by use, trust, and participation.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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