The original developer has transferred the 1.9% premine to our team
Was this premine by the original developer from malice or ignorance? The premine was a surprise at launch.
PI uses an axiom formula to index the 30-day altcoin futures market. This coin will change the way traders speculate future altcoin prices and trades.
I don't understand. Please tell me more.
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I do not understand either. Please rephrase how the coin will be used. I understand what futures are just not how this coin will be used.
Our Goal for PI is to have its trading price represent a 30-day altcoin futures market. PI will change the way traders speculate future altcoin prices and trades. PI is the first and only futures cryptocurrency, and could be the most important altcoin of 2014. The future is here! PI Coin will be the standard for the futures market index.
So what are futures?
Futures essentially give altcoin traders a preview of what’s likely to happen with altcoin prices 30 days from today. The original futures were developed as a way for farmers to lock in a reasonable price now for crops they’ll harvest later. The same can be true for PI. Using the price of PI as a 30-day future speculation, altcoin speculators can hedge their trades and exposure to the bitcoin alternative market.
PI trading Price adjustment
After 60 days of trading we hope a PI trading price can be achieved to allow for altcoin futures speculation. Price volatility of PI would probably be too great within the first 60 days to achieve project goals for the coin.
Ok, so you’ve got the axiom formula for speculating the 30-day future price of the altcoin market using PI coin, but where do I get the values to enter into the formula?
To get the total market cap for altcoins go to
http://coinmarketcap.com and set it to give prices in BTC, and then click “mineable” coins only. Use the total at the bottom. The number of altcoins to use is around “100”. This way data for all top altcoins is used. This site also gives the 24 hr volume. You’ll have to do a little homework to figure the new coins generated for all 70 altcoins 30 days from now.
A working example of the formula:
z = (t/a) x (1/pi) x (y/b)
z= (1,170,208/100) x (1/0.314) x (3,100/61,400)
z= around 1881 BTCSo we are speculating 1 PI coin = 1881 BTC and is the futures index. The trading price of PI coin in Bitcoin changes when traders speculate what the total market cap of all altcoins, volume for day, and new coins generated will be 30 days from now. There are a number of speculating factors that can determine movements in PI coin. For instance, if there were high speculation that trading volume would be low it would lower PI coin. If there was high speculation that total market cap would rise 30 days from now, that could raise PI coin.
This coin is a game changer for the altcoin market!
Project Goal: PI coin will speculate on the performance of the entire market.
