The cross-chain of Piin is undoubtedly a milestone event in the community development process, marking a crucial step in Piin's exploration of growth paths. By deploying Piin tokens across the Solana chain, we have strategically positioned ourselves in the high-quality tracks of the BTC inscription ecosystem and the Solana ecosystem. This move will merge the user communities and liquidity resources of the two ecosystems, generating a "1+1>2" effect and providing a continuous source of new momentum for Piin's community growth.
While cross-chain has enormous potential, it still requires collective efforts from the community to drive it forward. Therefore, the following will interpret Piin's cross-chain layout and the potential advantages of dual-chain symbiosis for Piin's community growth, aiming to provide beneficial reference and guidance for Piin community members, helping to reach consensus in thinking and form a united front in action to usher in a new era of Piin's cross-chain development.
First, let's discuss the necessity of cross-chain. After a period of community discussions and conference sharing, we have gained a clearer understanding of the challenges faced by the Bitcoin ecosystem. Issues such as poor liquidity, high trading thresholds, and high transaction fees severely restrict the development speed of the entire BRC20 track. Although Piin has consistently maintained outstanding performance in the BRC20 track thanks to its excellent community, we are well aware that to achieve greater breakthroughs, we must break free from existing limitations to create more value for the community.
Crossing to Solana is the key to breaking this situation. The core essence of cross-chain is to expand Piin's ecosystem from the Bitcoin to other public chains. Looking back, Piin's value has been limited to the Bitcoin ecosystem, and those who actively understand and know Piin are limited to players in the Pi circle and the inscription circle. Although Piin's community has a potential user base of 50 million Pi community users, the complex and cumbersome transaction process of BRC20 and the high transaction fees have inevitably held back Piin, despite its culture of collective bargaining.
However, cross-chain will fundamentally change all of this. By deploying and issuing Piin on other public chains, it will break through the ecological barriers and expand Piin's influence to other public chain ecosystems.
In addition, the trading mode of Piin will change after cross-chain. Piin will achieve the freedom to exchange from quantities to numbers. Like ordinary ERC20 tokens, it can be viewed on candlestick charts and bought and sold at will. The change in trading mode will reduce the purchasing cost for users, transforming the token quantity previously restricted by sellers into the ability for users to buy as much as they want, whether it's $100 or even below $10.
Some may ask, does issuing Piin on other public chains mean increasing the token supply? The answer is no. The essence of cross-chain is to use cross-chain bridge technology to transfer Piin coins, which could only be traded in the Bitcoin ecosystem, to circulate on other public chains. In this process, the total supply of Piin remains constant.
Among many public chains, we have prioritized Solana. Currently, the three main battlefields for Meme coins are the BTC ecosystem, the Ethereum ecosystem, and the Solana ecosystem. As a BRC20 Meme token driven by community consensus, Piin has conducted in-depth comparisons between Ethereum and Solana in choosing public chains.
Solana is the public chain with the most incremental funds in this round, with continuous hot money on the chain. The heat of its Meme coin ecosystem even surpasses that of Ethereum, with Meme coins like WIF, BONK, and BOME easily reaching market values of tens of billions of dollars. In contrast, although Ethereum has no shortage of high-quality Meme concepts, it is highly competitive, and the market value performance of many projects is relatively lackluster, and some even struggle to break through the $10 million mark.
In terms of transaction costs, Ethereum, as the public chain with the highest on-chain activity, also has relatively high transaction fees, ranging from a few dollars to over a hundred dollars per transaction. For Meme players who frequently trade, this undoubtedly represents a significant cost. In contrast, Solana has extremely low transaction fees, basically below $0.1, which better meets the expectations of Meme players.
It is worth mentioning that Solana's trading volume has even surpassed the peak level of Meme coins in the Ethereum ecosystem in 2021, and even far exceeds that of the centralized exchange OKX. From this perspective, it can be said that Piin's cross-chain to Solana is equivalent to being listed on an exchange.
Taking into account key factors such as fund heat, transaction costs, and user base, Solana is undoubtedly the ideal habitat for Meme coins. Piin's choice to cross-chain to Solana is precisely due to the enormous potential of this fertile ground.
How will Piin's cross-chain to Solana accelerate community growth?
- Solana has a large user base, including a significant number of "10U, 20U, 30U war gods," who have a high enthusiasm for participating in high-quality Meme projects. When choosing Meme coins, they comprehensively assess key indicators such as the project's Twitter popularity, attention, Telegram group activity, and chip structure.
With its excellent community and fair full circulation, Piin is the secret weapon that attracts these Meme players. I believe that as more and more Solana users learn about Piin, they will undoubtedly join the Piin community wholeheartedly, injecting new vitality into the community.
Purchasing Piin on the Bitcoin chain often requires multiple cumbersome trading processes, which to some extent raises the participation threshold. After crossing to Solana, users can directly purchase Piin through OKX's flash exchange, greatly simplifying the trading steps. In addition, lower transaction fees and purchasing costs make it easy for both the Pi community and the coin circle players to participate. With improved convenience and reduced barriers to entry, Piin's audience is expected to experience exponential growth.
Solana has attracted a large number of overseas users, providing an excellent stage for Piin's global development. Piin naturally has the advantage of an overseas community user base. Through cross-chain to Solana, it can more directly and efficiently reach these international audiences, truly achieving active participation from both the first Chinese community in the BRC20 ecosystem and the overseas community.
Cross-chain to Solana will greatly enhance the liquidity of Piin's ecosystem, opening up channels for various funds to enter. It is well known that the liquidity bottleneck in the BRC20 ecosystem has always been a significant factor hindering the entry of large holders and institutions. After cross-chain, as our liquidity pool continues to grow, it will completely dispel concerns about the entry of large funds.
Of course, the realization of all this depends on the collective efforts of all Piin community members. As a completely community-governed project, Piin's landing and development on Solana still require the full cooperation of all community members, especially in adding liquidity (pooling).
After cross-chain, what we need to do is add Sol-Piin trading pairs. Adding liquidity is equivalent to pooling everyone's strength to support the market, without having to worry about the volatility on the Bitcoin chain. After adding liquidity, if Piin falls, to equalize the value on both sides, a portion of your Sol in the pool will convert to Piin, which is equivalent to linearly supporting the market; if Piin rises, a portion of your Piin in the pool will convert to Sol, equivalent to linearly selling without pressure.
If there is a price difference between the two chains, arbitrageurs will come to equalize the prices by buying on the chain with the lower price and selling on the chain with the higher price, quickly leveling the price difference.
More importantly, providing support for the liquidity pool is a process that can generate substantial income. As Piin's trading volume continues to rise, the fee income generated by the pool will also increase. And these earnings will be distributed in proportion to the contributions of all participants. This means that even if you only contribute a small portion of tokens, you can continue to receive a substantial "passive" income. Moreover, the funds and earnings contributed to the pool can be freely withdrawn at any time, without worrying about liquidity issues.
It can be said that after cross-chain to Solana, adding funds to the liquidity pool is a mutually beneficial process. For the Piin project, improved liquidity means more stable token price performance, the ability to attract a more diverse group of participants, and more sustainable development. For token holders, this is a lucrative and low-risk financial choice. Therefore, if conditions allow, everyone can contribute a portion to the pool and contribute to Piin.
In summary, Piin's cross-chain to Solana is an important measure to accelerate community growth and expand into the international market. With its excellent community and fair full circulation, simplified trading steps and reduced participation thresholds, advantages in reaching the global Solana community, and the collective cooperation of community members in adding liquidity, Piin will undoubtedly establish a firm foothold in the Solana ecosystem, attract more users, achieve rapid community expansion and international development, and further consolidate its leading position in the BRC20 inscription track.
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