Why GCV Was Not Mentioned at TOKEN2049? Understanding the Core Team’s Role and Pi Network’s Community Consensus

At Asia’s largest blockchain conference, TOKEN2049 Singapore, Pi Network took the stage as a major sponsor, drawing global attention. Yet one topic sparked widespread discussion among pioneers: the absence of Global Consensus Value (GCV) in Dr. Chengdiao Fan’s presentation. As summarized by Doris Yin in Topic #115 and shared by @jojo102102, this omission was not a dismissal—it was a deliberate affirmation of Pi Network’s core philosophy: Picoin’s value is not dictated by central authority but shaped by the community itself.

This article explores the strategic reasoning behind that decision, the Core Team’s role in Pi Network, and how GCV continues to thrive through community practice.

What Is GCV and Why Does It Matter?

Global Consensus Value (GCV) is a reference value for Picoin, formed through community agreement. Unlike market prices driven by speculation, GCV reflects a collective understanding of value based on contribution, utility, and trust.

Key characteristics of GCV:

• Not set by the Core Team or external market mechanisms

• Emerges from community practices such as pricing goods and services, peer-to-peer transactions, and ecosystem engagement

• Serves as an ethical and stable benchmark for real-world use of Picoin

GCV is not just a number—it’s a reflection of Pi Network’s belief that value is earned through participation, not imposed from above.

Why Dr. Fan Didn’t Mention GCV at TOKEN2049

Dr. Fan’s decision to omit GCV from her TOKEN2049 presentation was not an oversight. It was a strategic move to reinforce the Core Team’s position: they do not and cannot determine Picoin’s value.

Strategic reasons behind the decision:

• Emphasizing that Pi Network is community-driven, not centrally controlled

• Avoiding the perception that the Core Team influences or endorses a fixed price

• Allowing the community to continue shaping GCV organically

• Preserving the integrity and decentralization of Pi’s value system

By not referencing GCV directly, Dr. Fan underscored that the power to define value lies with the pioneers—not the founders.

🐋🐋🐋PI NETWORK NEWS : SUMMARY OF DORIS YIN’S MESSAGE – TOPIC #115: WHY DR. FAN DID NOT MENTION GCV AT TOKEN2049 SINGAPORE?

1. The Role of the Core Team and GCV

🔸The Core Team cannot and will not determine Pi’s value.
🔸Pi’s value is established by pioneers themselves through… https://t.co/jANb0cyaqC pic.twitter.com/6QVy0TiZxw

— JoJo-π (@jojo102102) October 2, 2025

The Core Team’s Role: Facilitators, Not Price Setters

The Core Team plays a vital role in building infrastructure, guiding development, and maintaining strategic direction. However, they have consistently stated that they will not set Picoin’s value.

Their responsibilities include:

• Providing tools like Pi Wallet, Pi Browser, and Pi DEX

• Ensuring network security, scalability, and interoperability

• Supporting app development and merchant integration

• Promoting community participation through education and transparency

By stepping back from valuation, the Core Team ensures Pi Network remains a truly decentralized ecosystem.

GCV in Practice: Community-Led Value Creation

Even without formal endorsement, GCV continues to thrive through real-world use. Pioneers apply GCV in:

• Pricing goods and services in Pi-based marketplaces

• Setting transaction values in local apps and platforms

• Engaging in community discussions about Picoin’s utility

• Developing business models based on contribution and trust

GCV is not theoretical—it’s a living standard shaped by millions of Pi users worldwide.

Challenges and Opportunities

Maintaining GCV as a community standard comes with challenges:

• Differing value perceptions across regions and cultures

• Lack of official benchmarks may confuse new users

• Risk of misuse or manipulation without transparency

Yet these challenges also present opportunities:

• Strengthening community education and dialogue

• Encouraging ethical participation and fair pricing

• Reinforcing Pi’s identity as a decentralized, user-led economy

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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