PESS

Pesscoin: A Vital Complement to the Pi Network Ecosystem

Pesscoin is designed to enhance the Pi Network ecosystem's stability and flexibility, addressing limitations that arise from relying solely on Pi Coin. While Pi Coin serves as the ecosystem's core asset with significant utility and potential, Pesscoin plays a complementary role by mitigating challenges and enriching the overall ecosystem.

1. Auxiliary Tool for Price Stability

Impact of Pi Coin Price Volatility on Ecosystem Users:

- If the price is too high:

Unsuitable for small payments.

Everyday transactions like buying a cup of coffee require excessively small decimal calculations.

Complex calculations degrade the user experience and make transactions cumbersome.

- If the price is too low:

Not suitable for premium services (e.g., high-end product purchases or large-scale transactions).

Undermines Pi Coin's reliability and role as a store of value.

How Pesscoin Addresses These Challenges:

Pesscoin is designed as a liquid and practical payment unit.

It preserves the value of Pi Coin while enabling seamless transactions for small to medium-scale exchanges.

2. Preserving the Scarcity of Pi Coin

Pi Coin as a Store of Value:

As demand increases and supply remains limited, users may prefer holding Pi Coin as a store of value rather than utilizing it for transactions. This behavior could lead to liquidity constraints within the ecosystem.

Pesscoin's Role:

Pesscoin complements Pi Coin by acting as a secondary asset to facilitate transactions within the ecosystem.

It allows Pi Coin to focus on its role as a store of value while Pesscoin supports practical and frequent transactions.

3. Efficiency and Simplification of Transactions

Adaptable Payment Solutions:

For small-scale payments:

Pesscoin is ideal for microtransactions, simplifying the user experience.

Examples: Coffee, snacks, and small digital services.

For medium-scale transactions:

Pesscoin ensures swift processing and low fees, providing a user-friendly environment for transactions.

4. Promoting Ecosystem Participation and Expansion

Benefits for Ecosystem Participants:

For Users:

Pesscoin delivers tangible value through everyday transactions and ecosystem participation.

It provides users with more choices and expands opportunities to interact with Pi Coin.

For Merchants:

Merchants gain liquidity and streamlined transaction capabilities with Pesscoin.

Promotions leveraging Pesscoin usage contribute to the broader adoption of Pi Coin.

Collaboration Between Pi Coin and Pesscoin

Pi Coin: Maintains scarcity and value as a long-term asset.

Pesscoin: Focuses on practical transactions and ecosystem activation.

Pesscoin is more than just a complementary token; it is an essential tool for completing and expanding the Pi Network ecosystem. Together, Pi Coin and Pesscoin enhance the user experience for Pioneers and ecosystem participants by complementing each other's strengths and roles.

Pi Coin, as the core asset of the ecosystem, is likely to have significant scarcity.

- Even if many users hold Pi Coin, they may be inclined to retain it for its investment value.

- This could lead to liquidity shortages within the ecosystem.

PESS Coin ensures liquidity in the ecosystem, serving as an auxiliary payment method that users can freely utilize for practical transactions and services.

While Pi Coin is the central pillar of all transactions in the ecosystem, it may face limitations in handling all minor transactions and roles.

- PESS Coin acts as a supplementary tool for the growth and efficiency of the Pi ecosystem.

- It is optimized for small transactions or payments for local services.

- Pi Coin retains its primary functions (asset, investment, large transactions), while PESS Coin enhances transaction efficiency. PESS Coin is not a competitor to Pi Coin but a necessary auxiliary tool to protect its value and expand the ecosystem.

Economic Cycle:

PESS Coin facilitates small payments, user rewards, and local transactions within the ecosystem, reducing the transactional burden on Pi Coin and enabling a more flexible and stable operation of the ecosystem.

User Accessibility:

PESS Coin also acts as an affordable and accessible auxiliary asset, allowing users who do not own Pi Coin to easily participate in the ecosystem.

PESS Coin can be purchased through the mining wallet app, and can also be earned through the free mobile mining wallet app.

Please note that purchases within the mining wallet app are only available for a limited period of time.

Furthermore, PESS Coins will be distributed to Pi ecosystem stores to promote and expand the ecosystem.

The PESS Mining Wallet App is an innovative platform that integrates cryptocurrency mining, secure wallet functionality, and airdrop participation into one convenient application. Designed with a focus on security, user-friendliness, and reliability, the app caters to both beginners and experienced crypto users within the Pi Network ecosystem.

Key Features:

Cryptocurrency Mining: Easily mine PESS tokens through a system optimized for user engagement and efficiency.

Secure Digital Wallet: Safely store, send, and receive PESS tokens and other digital assets using advanced encryption and biometric authentication technology.

Airdrop Participation: Participate in exclusive token airdrops and manage rewards directly within the app.

Integrated Account Options: Access the app effortlessly with Google, Apple, or email-based login, paired with advanced biometric security for enhanced protection. User-Centric Design: Enjoy a sleek, intuitive interface that delivers an optimal cryptocurrency experience.

Why Choose the PESS Mining Wallet App?

Reliability: Seamlessly integrated with the Pi Network ecosystem, ensuring stable performance. As Pi Coin is likely to become a valuable store of wealth over time, PESS Coin complements it as the ultimate auxiliary token.

Security: Preserve the value of your Pi Coins while efficiently handling daily micropayments to medium-sized transactions. Store Pi Coins safely in your primary wallet and conveniently transfer only what you need to the PESS Mining Wallet for secure and flexible use.

Convenience: Manage and store both Pi Coins and PESS Coins on a single platform, providing unmatched efficiency and ease of use. The app is perfect for both cryptocurrency newcomers and seasoned users alike.

The PESS Mining Wallet App is set to officially launch in early April 2025 on Google Play Store and Apple App Store. Explore the new world of cryptocurrency with the PESS Mining Wallet App.

PESS App Wallet Security

The PESS Wallet is protected using a non-custodial wallet system.

Please make sure to carefully read and understand the following information:

The secret phrase (mnemonic) and private key generated during app registration can only be accessed by the user and are never stored on our servers.

The secret phrase and private key can only be viewed in the settings through “View Recovery Phrase” and “Show Private Key” menus, and only after verifying with a passkey or biometric authentication.

Even if your email account is compromised, the recovery phrase and private key cannot be accessed without a passkey or biometric authentication.

Be sure to store your recovery phrase securely offline (e.g., on paper).

To prevent unauthorized access, do not use auto-login on public/shared devices.

Basic Mining Amount Reduction

Starting from June 2025, the basic mining amount will decrease by 100 PESS each month.

Profitability-Based Adjustment

From 2026, daily and monthly ad view counts and total revenue from the previous three months will be collected and analyzed.

Based on this data, the following parameters will be adjusted every quarter (every three months) according to actual profitability.

- Basic mining amount

- Reward amount per ad view

- Maximum number of ads viewable per day

Objectives of the Adjustment

Prevent excessive inflation

Provide advertisers with a stable and sustainable revenue structure

Ensure users enjoy consistent and predictable reward experiences

PESS Coin was initially issued on the BSC chain, and when the Pi Network transitions to an open network and achieves full decentralization (however, smart contracts must be supported on the Pi Network), it will be migrated to the Pi Chain as a token. At that time, the existing PESS Coins can be exchanged for Pi Chain coins through the website. Since the migration will occur in alignment with the full transition to the open network, the exact timing can only be roughly estimated at this point.

Coins earned through the PESS Coin mining app can be withdrawn once a specific quantity has been mined.

Withdrawals will transfer coins to the in-app wallet.

PESS Coin aims to be universally accepted in all ecosystem stores worldwide where Pi Coin is used.

The initial rollout will begin in Korea and gradually expand to Pi Network ecosystem stores worldwide.

Listing of the PESS Coin will proceed after the migration to the PiChain is complete. The token (coin) will be reissued under the Pi Network ecosystem through smart contracts provided by Pi Network. Following the reissuance, all previously issued tokens (coins) will be fully migrated (exchanged) to tokens on the PiChain.

- The listing is planned to take place within the year on CoinMarketCap, CoinGecko, and a top 30 global CEX (Centralized Exchange).

- Our goal is to be listed on higher-tier exchanges each year compared to the previous year.