Today's content comes from the community meeting sharing. Here is a summary of the text:
The Pionex community can be compared to Floki. I believe that as long as there is a suitable opportunity, we will surpass Floki, at least reaching a market cap of 30 billion USD. So as long as Pionex continues to do what it is doing now, it will not fail.
The Pionex community is successful, and Pionex's culture is successful. The reason Pionex is not rising is fundamentally due to the lack of liquidity in the BRC20 track itself, not Pionex's problem. The reason why everyone chooses the BRC20 inscription gameplay is because it is fair, returning the coinage right to retail investors. However, BRC20 does have issues, such as the need for order book trading. Even if capital wants to enter Pionex, they cannot do so because those people can enter but cannot exit, which is a big risk for capital. If it is listed on an exchange, those capitals will dare to enter.
Currently, the largest exchange in the world is not OKX or Binance, but the decentralized exchange (DEX) on Solana. Solana's trading volume has already exceeded the trading volume of the 2021 Ethereum ecosystem animal meme coin craze. Therefore, cross-chain can be simply understood as being listed on an exchange, but it requires everyone's joint efforts.
Although OKX and Binance are considered top exchanges, it can be clearly stated that the user's ability to pick up on OKX is not as good as that of Solana's ecosystem users. Although users on Binance have the ability to pick up, they will not buy without understanding the situation. Now, when we list on Solana, it is equivalent to being listed on the world's largest exchange, with a user base even broader than Binance.
Rats was once the largest and strongest community in the BRC20 ecosystem, with a market cap reaching six billion USD, but even it found it difficult to move up from second-tier exchanges such as Matcha and Gate to first-tier exchanges like OKX and Binance. The BRC20 ecosystem lacks liquidity, and in this situation, exchange data is not transparent, especially for second-tier exchanges, where they can manipulate data.
Of course, Pionex is definitely stronger than them, but we also need more time to strengthen ourselves first. The hotter the community, the more people there are, and the exchanges will also be eager. They need to earn fees, and they will definitely list. It is meaningful to list on Binance only after reaching at least a 30 billion USD market cap.
Why do we choose Solana? Solana is the public chain with the most incremental funds in this round, even surpassing Ethereum. We can see that meme coins on Solana such as WIF and BOME have reached market caps of tens of billions of USD, while Ethereum has not shown any outstanding performance during the same period, only recently releasing Pepe and some other memes.
In addition, Solana's fees are very cheap, basically below 0.1 USD, which means that the trading cost and purchase cost on Solana are very low. Even if you only buy 10 USD, you can buy, and there are many such 10U war gods on Solana.
The increase in Solana's value this round may be greater than that of Ethereum. You can understand that if we cross over, there will be a pool of trading pairs with Solana. In the future, when Solana rises, Pionex will also rise, and when Bitcoin rises, Pionex will also rise. Even if we do not promote, this will be a passive increase.
In general, because Solana is currently the world's largest decentralized exchange, crossing to Solana solves the liquidity problem. We no longer need to list on Gate, Matcha, or even OKX. The only exchange that may be meaningful to us now is Binance. Therefore, the significance of listing on Solana's exchange is greater than listing on Binance.
Secondly, overseas users have not truly joined the BRC20 ecosystem. Currently, apart from projects driven by the Pionex community, the rest of the BRC20 ecosystem is not viable because Pionex people are very selfless, teaching everyone how to use it bit by bit, which people in the coin circle and overseas users do not know. BRC20 is troublesome to use, so they will not use it. Solana has gathered a large number of overseas users, making trading more convenient. Therefore, crossing to Solana and allowing these overseas users to truly join is also a sign of the project's globalization.
Thirdly, it can solve the pain point of exchange data manipulation. It is undeniable that the Rats community is very strong, but even with a market cap of 6 billion USD, it is difficult to move up to large exchanges due to data manipulation, especially by second-tier exchanges. Now that we have listed on Solana, the largest exchange, we no longer need to list on these centralized exchanges. Because we are strong enough, we can provide liquidity ourselves.
Fourth, when Bitcoin gas fees are high, everyone cannot buy. By crossing to Solana and achieving dual-chain operations, it will not prevent the community from continuing to promote due to high gas fees.
Fifth, those who have played decentralized finance (DeFi) in the past know that they can earn fees by adding liquidity to the pool, but they do not need to add much, depending on their situation. For example, one person can add 200U of Pionex and 200U of Sol. When others trade, they will use the trading pairs we have created, and we can earn fees.
Sixth, the saved gas fees can be converted into purchasing power for Pionex. Normal Bitcoin transactions on the chain cost about 100 USD in gas fees. Saving this money can buy more Pionex. And when there is a price difference between the two chains, people will arbitrage to balance the price difference, increasing liquidity. Because Pionex was launched completely fairly, we can learn to build a large liquidity pool in the DeFi model.
Regarding the legitimacy of BRC20: Pionex is an asset on the Bitcoin chain, and even crossing to Solana does not change the fact that Pionex is an inscription project. PUPS has already proven this to us, and its performance is very impressive, with its market cap soaring to seven to eight billion USD in just one month.
Of course, PUPS's distribution is not as good as Pionex's, and the community is not as strong as Pionex's, so I believe that Pionex will perform better after crossing to Solana. Another project, Floki, listed on Binance, also operates on both chains and has had good development on both the Ethereum and BNB chains.
Regarding Pionex's development after crossing chains: Like PUPS, we will cross through the Multibit project. Previously, there was concern that Pionex's competitors would learn and cross to Solana as well, but now I believe there is no need to worry about this because many projects, even if they cross over, are not useful.
First, it is only meaningful for fairly launched projects to cross over, because players in the coin circle are not stupid and will not buy projects that are not fairly launched or completely fair. Cross-chain has costs, and liquidity needs to be added. If no one buys after crossing, then it is meaningless.
Pionex, whether it's the community, promotion, or anything else, has people from the coin circle. Pionex is not just an offline project. So even if it is very strong offline, if there is no online presence, then crossing chains is also meaningless. Because Pionex itself, the community, culture, everything is successful, including promotion, the entire Chinese coin circle knows Pionex, so we can now ignore the Chinese coin circle. After crossing chains, we can promote to some big V on the Solana chain, let them also know about Pionex.
As more and more people understand Pionex, we just need to wait for capital to enter. It is possible that slowly we will have a trend like BOME, reaching several tens of billions of USD, surpassing previous projects like Shiba Inu and Dogecoin. Of course, all of this depends on timing, but I believe the Pionex community deserves to become a phenomenon.
We all know that Bitcoin miners benefit from inscriptions. They are not willing to promote or let inscriptions rise because promoting this is a very laborious task. If Pionex reaches several tens of billions of USD first, then when we contact the background of Pi Network, it is possible that these truly powerful miners will promote it, choosing to join the final winner. Then we can naturally become the phenomenon of this round.
In the future, Pionex may redefine a new way of playing, issuing assets on the Bitcoin chain and obtaining liquidity on the Solana or Ethereum chain. As for why we do not go to the second layer of Bitcoin, it is because there are no users there, so crossing over is meaningless. Therefore, we choose to cross to the chain with the most users.
The current progress of crossing chains is very smooth. After crossing chains, one thing that needs to be done together is to add liquidity. By having everyone add a little, they provide liquidity themselves, without needing an exchange. After providing liquidity, the next step is to slowly continue to get more people to join, get more overseas communities to join, and then wait for capital to push us up.
Regarding security: We are collaborating with the partner who is providing the cross-chain service for Pups, so there are no security issues in this regard. Many people have heard about the issues of projects pulling liquidity and running away. There is no need to worry about this because when you want to add liquidity, you use your own Piin and Sol as a trading pair to add liquidity, and others do not have the authority to touch it. The pools that run away are added by the project team, and they can pull the liquidity and run away. But after crossing to Solana, Piin adds liquidity by itself, without the project team, and you can withdraw your coins at any time, and others cannot take them.
Because there is no project team, we can only let everyone add little by little. Adding liquidity when the market cap is not high is the best, because for example, currently adding two Piin to the pool requires 3000 SOL. If Piin on Solana rises tenfold in the future, then adding two (2 million) Piin will require 30,000 SOL. The more people add liquidity, the thicker the pool will be, and it will be easier for funds to enter from all aspects.
Regarding adding liquidity: For example, using SOL and Piin as a trading pair, you can earn fees from this. If Piin falls, a portion of the SOL will become Piin, then equalize both sides, essentially linearly picking up. If Piin rises, a portion of the Piin will become SOL, essentially linearly helping you sell. It's like using everyone's strength to support the market. Using this portion of money to create a trading pair can yield significant returns, and the more trading volume, the more fees earned.
Buying on the Bitcoin chain is very difficult, while buying on the Solana chain is very convenient, because what we have been pursuing all along is the increase in real user numbers. By crossing to the Solana chain, we can also more easily obtain real user numbers, because everyone's trading costs and trial costs are lower, as 10U, 1U can also be bought, so the increase in real user numbers will be faster.
Regarding the size of the pool: If we can add 200,000U of SOL on the left side and 200,000U of Piin on the right side at this position, if 1000 people are willing to add liquidity, it is equivalent to each person adding 200U. If we can add a pool of 400,000U at this position, then when we reach a market cap of one billion USD, we will have a pool of over 1 million U, which will be more than enough.
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