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Attention Pi Network Users: Here’s Why August 21 Is a Crucial Date for All Pioneers

TL;DR

  • The controversial but extremely common cryptocurrency venture made an enormous announcement final week in regards to the starting of a brand new occasion.
  • Right here’s why at this time (August 21) is an important date for all ecosystem individuals.

Right here It Comes

CryptoPotato reported over the weekend in regards to the subsequent large factor within the improvement of the complete Pi Community ecosystem. For the primary time for the reason that launch of the Open Community earlier this 12 months, the staff behind the venture has organized a Hackathon, which is able to enable customers to obtain rewards within the type of the native token.

As of August 15, the platform opened for brand new registrations. Every staff might be comprised of a vast variety of folks, however all members need to move the Pi Community know-your-customer procedures to obtain the prizes.

What’s notably vital about at this time, August 21, is the truth that that is the date the Hackathon begins. Because the staff defined, the occasion begins at this time and can run for nearly two months, with the ultimate submission due on October 15. There will probably be an optionally available midpoint check-in scheduled for September 19.

The concept behind this occasion is to encourage Pioneers to develop and construct purposes that improve the native token’s usability, starting from funds and companies to artistic, community-driven options. All PI-powered apps should adjust to the Mainnet Itemizing Pointers and ship tangible worth to the group.

Customers are allowed and even inspired to make use of among the native Pi Community instruments, such because the Brainstorm App, the Developer Portal, and the just lately launched Pi App Studio.

The Prizes

As this may be a very powerful a part of the Hackathon for a lot of customers, we’ll deal with the precise tangible rewards that the primary as much as eight groups will probably be eligible to obtain. There will probably be judges who will consider the apps primarily based on PI utility, long-term potential, UI/UX, alignment with group wants, and extra. All apps have to be uploaded to the Pi Developer Portal and embrace a demo video and a submission type.

In whole, the Core Staff will give away 160,000 PI tokens within the following method:

  • 1st Place – 75,000 Pi
  • 2nd Place – 45,000 Pi
  • third Place – 15,000 Pi
  • Honorable Mentions (as much as 5 groups) – 5,000 Pi every

Given the importance of at this time for the occasion and all individuals who wish to be a part of, Pi Community’s token has jumped by 2.5% regardless of the broader market’s sell-off. PI has tapped $0.36, which is over 7% increased than the all-time low marked on August 6. However, the asset stays 88% south from its ATH registered in late February.

The submit Attention Pi Network Users: Here’s Why August 21 Is a Crucial Date for All Pioneers appeared first on CryptoPotato.

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