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The main content is about the advantages and disadvantages of Piin rooting in the Bitcoin chain and the benefits of cross-chain Solana.

First of all, it needs to be clarified that Piin's cross-chain Solana does not mean giving up the Bitcoin inscription track, nor does it mean that the Bitcoin inscription is not good. So, it is necessary to emphasize the advantages of the Bitcoin inscription first.

The inscription is issued on the Bitcoin layer. So far, the only things that can be issued on the Bitcoin layer are inscriptions and runes. From this perspective, the inscription has an absolute noble lineage that other tracks can never compare to.

Secondly, the inscription is completely decentralized and circulated 100%. For Piin, its total supply is 100,000, and each one is minted by participants spending real money. Including Piin deployers, they also need to use Bitcoin to mint chips, without any insider trading. In addition, Piin's chip distribution is sufficiently dispersed and has undergone continuous turnover for half a year, so the floor price is very solid now.

In contrast, in terms of token distribution, other on-chain projects often have greater control by the project team. They usually reserve a certain number of tokens for the team and for financing, or only 5-10% of the tokens are used for market circulation. This has led to many so-called "value coins" continuously declining after listing on exchanges, due to the massive unlocking of tokens after project financing and the release of a large number of tokens held by the team, causing many users who took over to complain.

The fair distribution mechanism of the inscription eliminates such problems, ensuring the fairness and transparency of token distribution. The addresses of token holders are also transparent and queryable on the chain, providing a fair competitive environment for all participants.

It is worth mentioning that the Bitcoin inscription is unique. For example, if you search for Piin on other chains, you may find multiple tokens with the same name but different contract addresses. However, in the case of the Bitcoin inscription, each name is unique, unchangeable, and not allowed to be duplicated.

These are some of the advantages of the inscription. Both the inscription and the rune belong to the Bitcoin ecosystem, and the entire Bitcoin ecosystem is definitely a hot track in this bull market. Of course, the Bitcoin ecosystem not only includes inscriptions and runes, but also the Bitcoin layer and other protocols will be the hot tracks that everyone pays attention to in the next 3 to 5 years.

Of course, the inscription track also has its drawbacks: When conducting transactions on the Bitcoin chain, the cost of transfers is high and the efficiency is low. The transaction fees can sometimes be as low as a few dollars, or even one or two dollars, but during peak periods, a transaction fee can soar to hundreds of dollars. In this case, most people will choose to wait for lower fees and delay the transaction.

The impact of high fees is obvious. If the offered fee is too low, a transaction may take several days or even a month to be finally confirmed. Due to the fluctuation of fees, users may encounter relatively idle on-chain transactions with low fees. But if a popular project suddenly appears at this time, participants will choose to increase the fee to "bribe" miners in order to prioritize their own transactions.

In this case, if your low-fee transaction has not been finally confirmed, it may be squeezed behind these high-fee transactions, resulting in failure to complete in a timely manner. In addition, even in the absence of transaction congestion, the Bitcoin chain itself may experience congestion, further affecting transaction efficiency.

A clear drawback of the inscription is the difficulty of splitting. For example, if you want to buy ten Piin, because the transaction fees on the Bitcoin chain are high, you need to mint them before selling. You may find that there are no sellers willing to sell in this way on the market. In addition, the purchase process of the inscription is relatively cumbersome. Users need to first exchange fiat currency for USDT, then use USDT to buy Bitcoin, and then transfer the Bitcoin to a wallet before finally completing the purchase. This series of complex operations often makes many potential users hesitate, resulting in slow growth of inscription project users.

Due to the limitations of the Bitcoin chain's performance, Piin has encountered some bottlenecks in its development process. Now, Piin's choice to cross-chain to the Solana ecosystem is a new breakthrough for Piin, and also a new starting point.

After the cross-chain, the threshold for purchasing Piin has been lowered. On the Bitcoin chain, no one is willing to sell ten Piin in this way, but on the Solana chain, it is possible to buy 1 or 100 Piin, freely exchange, trade at any time, and have fast transaction confirmation. In addition, Solana has very low transaction fees, basically less than $0.1.

Cross-chain security eliminates insider trading. Piin is cross-chained through the Multibit cross-chain bridge project, which is the same one used by the puppet token Pups. Many inscriptions are cross-chained through this project, and many projects or communities trust the Multibit technical team. This means that its security is guaranteed and recognized.

In addition, the current top address of Piin on the Bitcoin chain is the address of the cross-chain bridge. Through this address, all Piin cross-chained on the Bitcoin chain will be locked. For example, if there are 30 Piin in this address, then the corresponding amount will be issued on the Solana chain, which is 30 million Piin.

It is important to note that this address is a contract address, and encrypted assets should not be transferred into it.

How to understand the elimination of insider trading? For example, if xxx has 100 billion tokens on the Bitcoin chain, some cross-chain projects may choose to issue 100 billion tokens with the same name xxx on the Solana chain. The project party will exchange the amount of tokens that holders transfer, and the remaining tokens that have not been cross-chained will be left with the project party or the person in charge. This may pose a security risk because the project party holding too many tokens may engage in improper operations, forming insider trading.

However, Piin does not have this situation. The Piin on the Solana chain is all cross-chained from the Bitcoin chain and will not be increased. In addition, the total amount of Piin on Solana is deflationary because cross-chain requires a 0.8% fee, meaning that for every 1000 Piin crossed, Solana can only mint 992 Piin, which is multiplied by 0.992.

What is the significance of cross-chain? After the cross-chain, Piin will be listed on the decentralized exchange on Solana. We need to provide liquidity to this exchange, participate in pool farming, and the decentralized exchange has an automated market-making mechanism, which will automatically help users providing liquidity to buy low and sell high, while also earning transaction fees.

The larger the liquidity pool, the more stable the price, and there will no longer be a situation of price collapse. In the trading market on the Bitcoin chain, there are usually some situations of price collapse. Some people who do not understand Piin see someone listing at a low price, easily generating panic, and then choose to list at an even lower price to sell. Due to the listing trading mechanism of the inscription, in this situation of price collapse without trading volume, the drop in the data can reach 30% to 50%, or even more.

After the cross-chain, there will no longer be a situation of price collapse. Because once a low price appears, it will be immediately taken, and the liquidity pool model of Solana helps stabilize the price. Once a low price appears on the Bitcoin chain, there will be a price difference on both sides, creating arbitrage opportunities, and people will go to take the low price and sell at a high price, thereby leveling the prices on both sides and earning the price difference.

After the cross-chain, Piin will be able to share the dividends of the rapid growth of funds and traffic on Solana. In this recent round, Solana has the most incremental funds, and many investors, investment institutions, developers, and users are very concerned about Solana. Various meme coins on the chain continue to emerge, and even created Bome, which was listed on Binance within 3 days. With the wealth effect, it can naturally attract more funds, developers, and traffic.

In addition, Solana is highly scalable, and in the future, various ecological applications can be developed on the Solana chain, laying a good foundation for future ecological applications around Piin. It is difficult to achieve these application developments on the Bitcoin chain.

Solana is particularly friendly to developers. Public chains must be able to attract developers to build ecosystems, develop applications, etc., in order to attract users and traffic. Solana provides developers with complete documentation and modular development interfaces, making ecosystem construction work simple. This naturally brings huge traffic, especially in the past year, the ecological traffic of the Solana chain can be said to have grown explosively, and the proportion of overseas users is higher. Cross-chain Solana also lays a good foundation for Piin's next global layout.

In the last bull market, SOL's historical high price reached $260. Now, in a market downturn, SOL's price has just exceeded $100. Currently, Solana's market value is only $65 billion, while Ethereum's market value is $435 billion, and Bitcoin's market value has reached $1.3 trillion. Compared to Ethereum and Bitcoin, Solana's market value is relatively small.

Many people predict that in the next bull market, Solana's market value is expected to approach that of Ethereum. If this prediction comes true, then Solana still has 6-7 times growth potential from now on. In other words, if we cross-chain Piin to Solana now, even if Piin itself does not further develop, the value of Piin can still increase by 6-7 times based solely on the growth of Solana.

Regarding the issue of liquidity funds, it is important to emphasize that if there are no plans to provide liquidity, there is no need to rush to make cross-chain actions. This is because the mobile cross-chain function has not been developed well yet and will take some time. Cross-chain transactions can currently only be done through the computer. If you want to contribute to the Piin community, you can use spare funds to exchange for Sol and Piin, and then provide liquidity. In addition, long-term holding also contributes to the development of the Piin community.

What are the benefits of providing liquidity with SOL and Piin?

On one hand, it allows you to benefit from the rise of both SOL and Piin. On the other hand, as Piin rises, others will use SOL to exchange for Piin in the pool, increasing the amount of SOL in the pool, which in turn increases your SOL holdings. Conversely, if SOL rises, it will increase your Piin holdings. Regardless of the changes in the coins in your pool, the overall value will continue to grow.

In addition, providing liquidity allows you to earn transaction fees. As the popularity of Piin increases, the trading volume in the pool will also increase, and everyone's transaction fees will also increase. Under normal circumstances, the annualized return rate is approximately between 50% and 500%. In addition, providing liquidity helps stabilize prices, preventing situations of price collapse and panic, and maintaining the confidence of coin holders.

It is important to note that when cross-chaining, remember to leave some Piin on the Bitcoin chain, as the data aspect of the inscription is crucial for attracting users. When people look at a project, they will first check its data situation. A project with a healthy data aspect can attract users and continued attention from capital. Especially for an inscription project, if the addresses on the Bitcoin chain are gradually decreasing, it will naturally reduce others' enthusiasm to participate.

Furthermore, Piin is rooted in the Bitcoin chain, and cross-chaining to Solana is only to overcome some of the current limitations in the Bitcoin ecosystem. Cross-chain expansion is just a temporary measure, exploring new development space before the Bitcoin ecosystem matures. However, in the long run, Piin must always be rooted in Bitcoin, and moderate expansion is necessary to achieve sustainable development.

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