Important Pi Network News and PI Price Update: August 21
There was a giant hypothesis prior to now few days, which, sadly for the huge Pi Network group, turned out to be false, a minimum of in keeping with the newest experiences.
(*21*), we’ll discover in nice element what it was for, and we’ll check out all of the current information, updates, incoming modifications, and PI token actions, so let’s dive in.
PayPal and PI?
Starting with the aforementioned rumor that rocked the Pi group a number of days in the past, one of many unofficial channels devoted to masking Pi Network information famous that PayPal would possibly add the undertaking’s native token to its Crypto Payment Ecosystem. The report informed that PayPal’s developer ecosystem listed PI among the many supported belongings, which might have allowed customers to spend it at eligible US retailers with PayPal dealing with real-time crypto-to-fiat conversions.
However, the identical information channel refuted its personal assertion only a day later. The replace reads that “PayPal isn’t presently listed as a KYB-verified enterprise on Pi Network,” not like verified platforms resembling OKX and MEXC.
Save The Date: August 24
In distinction to the unconfirmed rumors from above, the official X channel behind the undertaking announced earlier this week a significant change for sure Pioneers that can come into impact on August 24. Until now, the workforce charged simply 0.25 PI to create an utility and one other 0.25 PI to edit one.
This meant that the undertaking needed to cowl the distinction between that quantity and the upper precise price of the underlying service. The new method that can begin on Monday will replicate extra intently the usual costs and AI prices and might range relying on the sources required for every motion.
There’s an exception, although. Creators whose apps showcase actual utility and utilization from customers will stay eligible for the earlier sponsored pricing, and all of these might be reviewed frequently to find out whether or not they qualify. In different phrases, if some builders hadn’t met the required standards at first, they’ve the prospect to replace their app and make it extra usable to qualify later.
The upcoming mannequin may also take away the choice of permitting creators to develop apps meant just for experimentation, testing, or spam.
Version 0.6.2
The Core Team additionally outlined the introduction of Pi Node model 0.6.2 in mid-August. It got here with enhancements to SoloHost, node connectivity, and the Pi Desktop consumer expertise. The workforce defined that 5 volunteer Node operators participated within the preliminary distributed computing take a look at and all obtained jobs, carried out the required computations, and returned the outcomes to a Pi coordinator.
In a subsequent put up, the workforce noted that the take a look at validated the “end-to-end movement of duties throughout actual units,” which included the connection to the Pi coordinator.
PI Price Update
The native token of the Pi Network ecosystem has skilled some intense volatility over the previous few days alongside the remainder of the market. Recall that it began the month on the precise foot, surging from round $0.08 to virtually $0.10 earlier than it was rejected once more and dipped to $0.085 inside days.
The rebound was halted at $0.09, and the asset returned to its beginning place however managed to stay above for some time. Then got here the Wednesday market-wide revival by which BTC started its huge uptrend from $64,000 to only beneath $80,000 on Friday morning.
PI additionally joined the journey, however in a extra modest method. It jumped by 11% from its $0.086 beginning stage to virtually $0.096 minutes in the past, which grew to become its highest price ticket in two weeks. However, it was stopped there and has slipped towards the coveted $0.09 assist as of press time.
(*21*), its market cap has reached $1 billion as soon as once more, despite the fact that the asset stays 97% away from its all-time high of $2.99 marked in February 2025.
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