Ever since computers ushered in the internet age things that were only available locally, regionally, or nationally become available globally. Something as simple as making a friend could grow to epic levels with social media; a common action like ‘passing a collection plate in church’ could turn into a crowdfunding site; and a national currency could turn into an international cryptocurrency. An innovative blending of these resources has resulted in the formation of PICISI.
PICISI is a crowdfunding site, presently under construction, that will accepts fiat and cryptocurrency. Pi is short for PICISI issued currency, the currency code is ‘NUMUS’ (latin for currency).
Pi is designed to serve 4 purposes: 1) act as a fundraising vehicle, 2) act as a means to buy promotion services internationally, 3) act as a cryptocurrency option for organizers at the site, and 4) be a cryptocurrency option for sponsors buying sponsorship packages.
Pi will act as a fundraising vehicle, here Pi is no different than all other currencies beit crypto or fiat — every currency’s first purpose is to raise funds to develop an idea. PICISI self-directed fundraising efforts are specific and limited to: start-up funds, site upgrades, and procurement of multiple operational licenses worldwide.
Normally with a currency once funds are raised and removed they are never returned, as such the value of the currency will inevitably diminish over time. That is not the roadmap Pi was created to travel. PICISI’s intent is to “rebuy” the currency, yes they said “rebuy” think recycle with added value as opposed to a repayment, buyout, or buyback since currency isn’t a loan, and doesn’t represent ownership.
PICISI’s rebuying method of recycling/recirculating Pi is designed to have multiple effects; it should make the currency more stable, reliable, and stronger than without it, which in turn should make it more attractive and a greater store of value, It should also provide a large measure of international goodwill for PICISI. The operating revenue PICISI earns in fiat will be used to rebuy Pi on the open market, if an official exchange sponsor is in place PICISI will use that exchange exclusively for all purchases.
The other two design purposes for Pi are expected to have minimal impact since they are juxtaposed to other options that will likely be selected far more often. For example, when an organizer creates a crowdfunding campaign at PICISI he is asked to select a host CC, which is a cryptocurrency that all donated CC will be converted to for that campaign. The choices are: a) a specific CC, b) a sponsor CC, or c) Pi, the greatest expected selection is ‘sponsor CC’ because that is the only choice that literally pays the organizer for that selection. As for ‘payment option for sponsors’, most PICISI sponsors will likely use their own currencies to pay for sponsorship fees, so that is the expected choice over Pi.
The primary day-to-day operational purpose of Pi is to serve as the medium of exchange of services provided by Promotion Contractors all over the world to tell everyone else in the world all about PICISI.
