Analyzing the strategic significance and development potential behind the cross-chain Solana of Pionex.

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1 year ago

Today's content comes from the community meeting sharing. Here is a summary of the text:

First, let's briefly introduce the advantages of the Solana chain. Solana is a high-performance blockchain platform known for its fast and low-cost transactions. Compared to the Bitcoin chain, Solana has significant advantages in gas fees and speed, providing ordinary users with a faster, cheaper, and better public chain experience, which is one of the main reasons it can attract market attention.

Since 2024, the Solana ecosystem has achieved tremendous growth, with the ecosystem's market value reaching $49.1 billion, tripling in just one year. Despite a pullback after reaching an all-time high in November 2021, many crypto players and institutional investors still have high hopes for Solana in this bull market.

The Solana ecosystem is very rich, with the most famous being the Meme sector and some Ethereum-like infrastructure. In the entire blockchain industry, Solana's ecosystem ranks first in market value among non-EVM chains. The second-ranked is the Bitcoin chain, but its ecosystem size is still significantly smaller than Solana's, which is also an important reason for the optimism about the Bitcoin ecosystem. Additionally, Solana has performed well in fundraising, raising over $200 million in the first half of 2024, including some recent large fundraisings of nearly $100 million.

It is worth mentioning the Meme sector of the Solana ecosystem. Bonk, Wif, and Bome are very famous Meme coins in this sector. The explosion of these Meme coins has led to the launch of many Meme coin projects on the Solana chain. Due to its low transaction costs and the wealth effect generated by the explosion of Meme coins, it has attracted more cash flow and crypto players to the Solana chain.

Compared to the previous bull market of Ethereum, Solana is more easily accepted by small investors. Because on the Solana chain, 0.1 SOL or a few hundred RMB can participate in these Meme coins. In other words, the entry threshold is very low, which can attract players from around the world.

Furthermore, from a data research perspective, in this cycle, all Meme coins in the Solana ecosystem, including Meme, will enter a stage of takeoff.

The above briefly introduces some of the advantages of Solana. Next, I would like to talk about Piin's cross-chain. Everyone knows that the Bitcoin ecosystem has high entry barriers, lack of liquidity, difficulty in entering and exiting, and is prone to rug pulls. However, these are issues that exist throughout the entire Bitcoin ecosystem, not only in BRC20, but also in many other protocols. Although Piin's cross-chain has perfectly addressed these shortcomings, these issues objectively exist and also affect the speed of Piin's development.

From the perspective of cross-chain, Piin can be understood as connecting to the largest decentralized exchange on Solana. The purpose of listing on exchanges is easy to understand: one is to solve liquidity, and the other is to attract players on the exchange. This also explains why many projects see listing on Binance as a future direction, because Binance has 200 million crypto users. Cross-chain on Solana not only solves the limitations of the Bitcoin ecosystem but also attracts the vast community of crypto players on Solana.

From the discussions in the community in recent days, everyone should have heard about the successful case of Pups puppet token cross-chain. After crossing to Solana, Pups saw a significant increase, reaching as high as $110. It is obvious that a major advantage of cross-chain is effectively addressing the major obstacles to the continuous development of projects in the Bitcoin ecosystem.

In addition, Piin's chip structure and the entire community are very suitable for cross-chain. Strong consensus, fairness, and full circulation make it a very strong barrier in our cross-chain efforts. Many have probably also thought about why many projects have not taken such action, and the main reason is this.

Solana has a large user base and very low transaction thresholds, with no upper limit on transactions from 0.1 SOL upwards. The combination of the two has given rise to many "10U," "20U," and "30U" war gods in the crypto circle. They often charge forward based on some data and community conditions of Meme coins. In a sense, this is also very advantageous for Piin.

After the cross-chain, we must be clear that continuous community building is essential. First, the operation of Twitter and Telegram is crucial. After crossing to Solana, we need to realize that most players on Solana have a certain technical background and basic operational capabilities.

When they choose an interesting Meme coin on Solana, they will consider the project's popularity, attention, and activity on Twitter. Next, they will enter the project's Telegram group to assess the number of real users, online users, and activity. In addition, they will analyze the project's chip structure and community atmosphere. These are all important criteria for evaluating projects and areas that we need to continue to build.

Another key point is continuous evangelism. Piin has a significant advantage in that we have integrated multiple circles to form a unified community. This is unique in the crypto community. We need to fully utilize this advantage, attract more users, and expand the community's influence through continuous evangelism.

Although our number of holding addresses has reached over 16,000, which is relatively large in the crypto circle, to become a phenomenon-level "god coin," we still have a long way to go. In the process of continuous evangelism, our number of holding addresses will become an important indicator for individual investors, institutions, VCs, and even exchanges to evaluate the project.

After crossing to Solana, everyone is certainly very concerned about the price trend of Piin. I believe that Piin has the potential to become a phenomenon-level, thousand-fold or even ten-thousand-fold asset. So, why is crossing to Solana more advantageous for Piin's development?

First, after the cross-chain, there are many experienced and proactive players on Solana. We don't need to worry excessively about a lack of user participation, we just need to manage our Telegram group and other basic social media well. Although the funds these players participate with may mostly be 10U, there are also many powerful players in the crypto circle who will actively join our community.

Second, our current market value is relatively small, around $20 million. This is extremely attractive to Solana players because the downside is limited and the upside is unlimited.

Before choosing the cross-chain direction, we carefully studied some Meme coin projects on Solana. We were surprised to find that some projects with incomplete narratives, themes, and community development easily reached market values of several billion dollars.

As Piin, we have excellent chip structure and high community integration. With these two major advantages, I believe that reaching a market value of $20 billion is just around the corner. In the future, if we hope to further increase the market value to $200 billion or $2 trillion, we will need everyone's joint efforts to drive this.

On the Bitcoin chain, we may encounter some limitations and constraints that hinder the project's development. Cross-chain to Solana is like widening from a two-lane road to an eight-lane highway, which is of great significance for Piin's development. There may be discussions in the community about the legitimacy of BRC20, but I think there is no need to worry too much. Whether as an inscription or a Meme, in this round of the market, both have a particularly important position.

In previous markets, everyone talked about technology and pursued so-called value coins recommended by institutions. But in this round, it is clear to see the popularity and frenzy of tokens driven by Meme coins and community culture in the entire crypto industry, which has left many people speechless, including many investment institutions who do not understand. In fact, this is a process driven by the times awakening retail investors, so I think this is actually very meaningful.

We will have tutorials and guidance on the pools and how to cross-chain, so that everyone can complete the process. As long as we are clear about the significance of cross-chain, the direction it can give us in the future, in the end, the most important thing is the extent of growth in our wallets.

Because we are a self-governing community, and everyone has seen the cohesion of the Piin community, it can be exaggerated to say that this is something no other community has. Although we have no backing, no pillar, we are very pure. We don't have to worry about being harvested by anyone. Everyone is the same, fair and just, and everyone needs to use their own hard-earned money to buy chips.

The more fair and pure it is, the more we need each and every Piin holder to jointly build our own home and empower our wallets. Perhaps our efforts today herald the multiple growth of our future. We need everyone's joint efforts to propel Piin to a thousand-fold or ten-thousand-fold height and become a phenomenon-level Meme token.

In the cryptocurrency industry, the annualized returns are very high, exceeding the expectations of most people. In just a few days, the returns can be several times or even hundreds of times. Coupled with the overall market momentum, as long as we don't sit idly by and take the initiative to push forward, it will not contradict our original plans.

Many partners may be concerned about whether Piin's cross-chain to Solana will be favored by capital and whether it will develop in the direction we expect. In my opinion, whether it's Piin or us as individuals, as long as we are strong ourselves, there should be no problem attracting individuals, institutions, VCs, or funds.

The key here is the strength and excellence of our community itself, which is the most important. This means that members of our Piin community need to continue to be enthusiastic, and everyone taking action is the key.

Regarding the view of the current bull market compared to previous ones, there have been many changes in the cryptocurrency industry this time. In April of this year, Hong Kong approved an Ethereum ETF, and before that, a Bitcoin ETF had also been approved. These events have epoch-making significance for the entire cryptocurrency industry.

In this process, we have seen the participation of many countries at the national level. Previously, when small countries like El Salvador bought Bitcoin, they were ridiculed for buying at a high point. However, the country's president showed extraordinary foresight and determination, insisting on buying one Bitcoin every day, and now they have achieved overall profitability. This is a typical case of a country participating in the crypto market.

As a leading global country, the United States has also made significant improvements in this regard, providing more people with entry opportunities. This includes the large-scale entry of institutional investors, including the world's largest top institutions such as BlackRock, Grayscale, and MicroStrategy, all joining the crypto industry.

2024 is quite crucial due to the U.S. presidential election. The entire cryptocurrency industry has become a battleground for the two rounds of the U.S. presidential election, pushing the cryptocurrency industry to the forefront and exciting thousands of crypto players. Additionally, this year also faces a rate cut cycle. These factors lead us to believe that after the Bitcoin halving in 2024, the largest bull market in history will come.

Faced with such opportunities, what we need to do is embrace them. As a veteran of seven years in the industry, I have shared my insights with many partners. Although there have been losses and failures in this industry, I have always believed that this is a very good industry. Even if we lose money, we may be losing it while sitting back and drinking coffee. Compared to other industries, we don't have to invest early and late, but we may not necessarily make a profit.

In the cryptocurrency industry, opportunities are everywhere. As long as you seize one, you can not only make money but also potentially change the fate of an entire family. Just like winning a lottery of 5 million, the chance of winning several tickets at the same time is also common. Therefore, I still believe that this industry is very good.

Looking back at history, we have witnessed the waves of the real estate, stock, and other industries. In these waves, many people missed the opportunity to easily obtain wealth because they did not embrace it in time. Faced with the current overall environment of the cryptocurrency industry, some partners may feel confused: they have been holding on but have not seen an increase or seem to be falling. In this regard, I want to say that as long-term investors, we should view every market decline as a gift, as it provides an opportunity to accumulate more tokens.

We already have a clear expectation of the future market outbreak. Every pullback, every decline, is the market giving us chips. We need to bravely embrace these opportunities and accept these pullbacks. When the market rises, we won't regret missing out.

Before the bull market erupts, we need to establish our own direction and overall strategy and not easily waver from our original intentions. What was your logic for choosing Piin initially? What did you see in it? When a black swan event or unexpected event causes a market decline, look back and ask yourself if these choices have changed. If they have, then reassess your investment; if they haven't, then the decline is an opportunity. Also, we need to firmly hold and continue to build, so that when the time comes, and the opportunity arises, even a "pig" can take off, as the saying goes.

Finally, I want to share my experience with the entire community. In November last year, during the second round of the Mingwen outbreak, a friend inadvertently mentioned Piin to me. Initially, he mentioned that Piin had 50 million Pionex pioneers and a spirit similar to that of the Foolish Old Man Removes the Mountains, but did not mention the community building aspect, so I didn't pay much attention to it and did not participate in the minting. I was quite stubborn about my choice of target, perhaps because I felt I had more experience.

But when my friend mentioned Piin's unique IP for the second time, I realized that this was a community background that was different from the rest. In the world of Mini coins or inscriptions, the community and its cultural spirit are very important because they are closely related to people. Any token's rise requires people to drive it. Therefore, after the minting was completed in October last year, I unhesitatingly bought Piin and encouraged our community partners to "buy according to their heads." Someone once asked me what "buy according to their heads" meant, and I think it means it's a must-buy because this target is very good. Until today, I still firmly hold Piin.

I have never lost confidence in Piin for a long time. Although I did not participate in Piin's construction before, I have been involved since the end of April. Whenever Piin needs donations or other help, I do my part because these are the chips I hold. This is the first time I have participated in such a donation activity in the cryptocurrency industry because I sincerely believe it is something I should do from the bottom of my heart.

As an ownerless currency, Piin may face some difficulties in terms of funding, which requires the push from each and every one of us. I am delighted to see everyone willing to listen to my sharing of knowledge and information about the cryptocurrency industry. This motivates me to work harder, apply what I have learned, and give back to this excellent community. I participate in night chats almost every day, sometimes even until late at night. This is because I truly appreciate the Piin community. Compared to other communities, our spirit, cohesion, and adaptability have been put to the test and have performed excellently. Based on this, I believe that our future development will be orderly and explosive. As a member of Piin, I feel extremely honored.

I hope that every partner can have an owner's spirit. Although we all have our strengths and weaknesses, as long as we work together and demonstrate an owner's spirit, care for our community, and drive our development, we can be invincible. Especially in terms of donations, although we have done well, development cannot be achieved without financial support. I hope everyone can actively and generously support community development. Many hands make light work, and with our cohesion, we will be invincible.

As for the price, I believe everyone can open up their imagination. Under the impetus of the bull market, our upward potential will be beyond imagination. At that time, our wallets will achieve geometric, exponential growth, not just a few percent or doubling. This is the conclusion of our many years of experience. In recent night chats, I have noticed that many peers have also joined our community. They must have seen our highlights, unique features, and future development space. I believe everyone is smart and knows what is worth having, following, and investing in.

As partners who already hold Piin, we need to work together to make Piin bigger and stronger, becoming a phenomenon-level project that attracts attention from inside and outside the cryptocurrency industry. Finally, I want to emphasize our excellent community culture, especially the slogan "I for all, all for me." If everyone can keep this in mind and put it into action, we will definitely be very successful. I am honored to be a member of the Piin community. Let's work together to drive Piin and welcome the raging bull market!

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