Back to collectionA new Pioneer phase begins in a quiet market
The Pioneer program's first phase had reached its cutoff, with participants still checking their points and a second phase waiting ahead. At one second before 10 a.m. August closed at 0.189, down 36% for the month and 88% below the March high.
A creative chronicle combining project history with imagined scenes. Story events are not verification of network activity.
The Pioneer program's first phase had reached its cutoff, with participants still checking their points and a second phase waiting ahead. August's market close was also near, while discussion of the chain's progress had grown scarce.
At one second before 10 a.m. Pacific Time, the first phase ended. Its final snapshot was taken, the leaderboard reset to zero, and the second phase started immediately. Officials said a commemorative badge airdrop for first phase participants was on its way, though it had not arrived. Some had only just checked their old points and now had to work out where the new phase began; their former rankings would not carry over.
August closed at 0.189, down 36% for the month and 88% below the March high. The crash wick to 0.182 remained the year's deepest wound. To the narrator, the market had stopped discussing the chain; the silence felt colder than the fall. The new phase gave participants something immediate to do, but whether its tasks could renew discussion around play remained open. The badges were still awaiting distribution.