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Pi Futures, for those unaware of it, is a derivative of the cryptocurrency of the Pi Network. This so-called derivative has already grown out of Pi’s success, an Ethereum token issued with a 1:1 anchor to the Pi Network.
With that in mind, Pi Futures has just opened the possible opportunities of the Pi digital currency to the people.
Pi Futures
According to EIN News, Pi Futures gives its users access to the Pi token’s value via Ethereum smart contracts. What’s good about it is that Pi Futures allows transfers between Ethereum and Pi token (possible through cross-chain technology) since both of them are blockchains.
Cross-chain tech
You might ask how this cross-chain technology works. As mentioned above, the two are blockchains; hence, “the interoperability is required for value transfer,” according to Pi Futures’ website (pifutures.org).
It further explained that as a new generation blockchain, the Pi Network shows the roadmap supporting smart contracts. The premise of putting up a cross-chain technology includes decentralization and openness, and programmability.
Pi Future’s whitepaper went on to state that if the recent releases of both the APIs and the open platform of the PI Network are anything to go by, this cross-chain between Ethereum and Pi is pretty much possible.
Pi Futures’ value
As for Pi Futures’ value, its website claims that Pi Network’s market value could be around a billion dollars, and the value of a single Pi is ranging from 10-20 U.S. dollars.
Earning Pi Futures is pretty much straightforward as it offers both a web-based system and a mobile app as these allow its users to earn it for free and from wherever they are. Since Pi is paired with Ethereum, this enables its value “to build on the quick and significant rise in value that Ethereum has experienced.”
This results in offering its users “the added value of trading for the value of Pi” minus the waiting time for Pi Network Phase 2’s launch.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
