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It is good Pi can make many pioneers become millionaires and billionaires.❤️❤️❤️ When you have wealth, please remember to help our society and our world to become peaceful.🙏🙏🙏 You must realize the bonus Pi release mechanism is not released yet. I estimate it will take a very long time to release based on ecosystem development. So you should not count your big amount of bonus Pi from your reference. The security circle has been locked 100% for 3 years. After the first migration, the second migration is very little. For example, almost 2 years after the first migration, I only have 183 transferable Pi when I have a node and always 30 miners online. I locked 90%. So after 2 years, I only have 18 Pi available to use. Plus, after Pi Open Mainnet, all countries' governments will have capital gains tax and sales tax, income tax on Pi when it is defined as currency or cryptocurrency. In Canada, the capital gains tax rate is 67% after 6/28/24. Sales tax is around 15% or higher. Income tax will be around 20-50% according to your total income. Sales tax should be enforced when it is a currency. Capital gains tax will be enforced if you sell on the exchange market. Income tax will be enforced when you earn Pi as income. Therefore, you need to consider the above information. After all the above, it will not be easy to become a billionaire, especially after Open Mainnet, the speed will be very slow when a lot of miners join in. I estimate the speed will drop to 0.01 or lower in one year, which means 8.7 billion populations cannot be millionaires anymore. Only we pioneers who hold more than 1000 Pi have opportunities to be billionaires. Please remember, the pioneers who hold more than 1000 Pi are very limited, especially most of them sold their Pi already. Those who bought Pi accounts will be confiscated. After the above restrictions, if you can still be a billionaire, you must be very fortunate! Doris Yin 🪷 🪷 🪷

It is good Pi can make many pioneers become millionaires and billionaires.❤️❤️❤️

When you have wealth, please remember to help our society and our world to become peaceful.🙏🙏🙏

You must realize the bonus Pi release mechanism is not released yet. I estimate it will take a very long time to release based on ecosystem development. So you should not count your big amount of bonus Pi from your reference.

The security circle has been locked 100% for 3 years.

After the first migration, the second migration is very little. For example, almost 2 years after the first migration, I only have 183 transferable Pi when I have a node and always 30 miners online. I locked 90%. So after 2 years, I only have 18 Pi available to use.

Plus, after Pi Open Mainnet, all countries' governments will have capital gains tax and sales tax, income tax on Pi when it is defined as currency or cryptocurrency.

In Canada, the capital gains tax rate is 67% after 6/28/24. Sales tax is around 15% or higher. Income tax will be around 20-50% according to your total income.

Sales tax should be enforced when it is a currency.

Capital gains tax will be enforced if you sell on the exchange market.

Income tax will be enforced when you earn Pi as income.

Therefore, you need to consider the above information. After all the above, it will not be easy to become a billionaire, especially after Open Mainnet, the speed will be very slow when a lot of miners join in. I estimate the speed will drop to 0.01 or lower in one year, which means 8.7 billion populations cannot be millionaires anymore.

Only we pioneers who hold more than 1000 Pi have opportunities to be billionaires. Please remember, the pioneers who hold more than 1000 Pi are very limited, especially most of them sold their Pi already. Those who bought Pi accounts will be confiscated.

After the above restrictions, if you can still be a billionaire, you must be very fortunate!

Doris Yin 🪷 🪷 🪷

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Here are the commonly used terms used in the cryptocurrency community to discuss market trends, investment strategies, and security measures. 🔸FUD: Fear, Uncertainty, and Doubt. This term is used to describe the spread of negative information or rumours to create doubt and panic among investors. 🔸FOMO: Fear of Missing Out. This term describes the anxiety or fear that one might miss out on a potentially profitable investment opportunity. 🔸HODL: Hold On for Dear Life. This term originated from a misspelling of "hold" and has become a rallying cry for long-term cryptocurrency investors who refuse to sell their holdings despite market volatility. 🔸WAGMI: We Are All Going to Make It. This phrase is used to express confidence in the long-term success of the cryptocurrency market and the belief that everyone who holds onto their investments will eventually profit. 🔸SAFU: Secure Asset Fund for Users. This term was popularized by the cryptocurrency exchange #Binance , which created a fund to protect its users' assets in case of a security breach. 🔸ROI: Return on Investment. This term refers to the percentage of profit made on an investment relative to its initial cost. 🔸ATH: All-Time High. This term is used to describe the highest price a cryptocurrency has ever reached. 🔸ATL: All-Time Low. This term is used to describe the lowest price a cryptocurrency has ever reached. 🔸DYOR: Do Your Own Research. This term is used to encourage investors to conduct their own research and due diligence before making any investment decisions. 🔸DD: Due Diligence. This term refers to the process of conducting thorough research and analysis before making an investment decision. 🔸AML: Anti-Money Laundering. This term refers to a set of laws, regulations, and procedures designed to prevent the use of financial systems for money laundering and other illegal activities. 🔸KYC: Know Your Customer. This term refers to the process of verifying the identity of a customer before allowing them to use a financial service or platform. Source: OMOBOLA
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