#PI The NETWORK is actively exploring the evaluation mechanism of on-chain Blocks? A shocking news recently emerged in the Pi Network community: a Smart Contract, suspected to be from chainlink, was discovered containing direct references to Pi Coin and dynamic evaluation mechanisms. If confirmed, this would be a significant breakthrough, indicating that Pi Network may be striving to achieve the goal of stable Pi value through automatic minting and burning mechanisms. What is the evaluation (PEGGING)? Evaluation is a mechanism where the value of an asset is pegged to a fixed value or another asset such as USD or gold (. This mechanism is commonly found in Stablecoins )such as USDT, USDC(, which helps maintain price stability and prevent excessive Fluctuation. However, what makes the evaluation mechanism of Pi Coin unique is its use of a dynamic Algorithm evaluation, where the Smart Contract will automatically:

✅Mint an additional Pi Coin when the price is below the target price ).
✅When the price exceeds the target price, ( coins will be destroyed. Key details in the Smart Contract are as follows:
🔸Associated coin: Piecoin
🔸Target price: 314.159 * 10¹⁸ = $314.159) This value has been converted to Wei, the smallest unit.