This story was first published at CrowdfundingPR.org then subsequently republished at: Crowdsourcing.org, ewallstreeter, and The Einstein Foundation
People are calling PICISI a bright idea, an innovative plan, a complex project, a global community, a growing startup, and a crypto currency; yes, it is all of that and a crowdfunding site too. Let's talk about the currency ...
The technical name for the currency is "PICISI" we simply call it Pi. Pi's currency code is NUMUS (Latin for currency). The total supply of Pi is fixed at 500,000 units approximately 5x the anticipated monthly use volume.
Pi was created:
1) to creatively raise capital for initial website construction, finance global operational licenses, and any other major expense,
2) primarily to finance PICISI's ongoing promotion effort, paying Promotion Contractors to promote the site, its sponsors, as well
as campaigns featured at the site,
3) to enable campaign organizers to select PI as the host CC for their campaign(s) and to give sponsors an additional payment option.
PICISI introduced Pi to the cryptocurrency (CC) community at the equivalent value of $1 per/unit. each. The currency is expected to increase steadily in value with meaningful popularity, site upgrades, global license procurement, and as site earnings increase -- a $10 Pi is a good 1st year resting target.
Two factors that will influence Pi's future value are: the rates PICISI pays for global services rendered by Promotion Contractors, and the rate at which PICISI will "rebuy" Pi on the open market.
PICISI.com is seeking an official exchange sponsor; once in place there is where PICISI will exclusively purchase Pi using fiat earnings.
Normally with any currency once funds are raised and removed they are never returned, always resulting in a devaluation of the currency over time. That is not the roadmap for Pi; PICISI's rebuy plan will be used to inject added value into the recycled currency. Theoretically the rebuy plan should actually cause Pi's value to increase over time.
PICISI’s rebuying method of recirculating Pi is designed to: strengthen the currency, provide a store of value, and produce global goodwill for PICISI.com.