Pi Network (PI) Drops Major Announcement; Community Reacts With Mixed Feelings

The workforce behind the controversial crypto mission Pi Network goals to enhance the general ecosystem by way of varied initiatives, with the launch of good contract capabilities among the many principal objectives.

Just just lately, it issued an vital disclosure on that matter, but the value of the native token failed to achieve momentum.

What’s New?

Pi Network has undergone a number of very important updates because the starting of the 12 months, with probably the most vital being the migration to protocol v20.2, which laid the inspiration for good contract capabilities. It was efficiently upgraded earlier than the symbolic Pi Day (March 14).

Earlier this month, the Core Team revealed that the primary good contract functionality is dwell immediately on the mission’s Testnet. According to them, this may foster “actual, recurring, utility-driven use instances.”

“Think e-commerce, streaming, on-line instruments, and extra, powered on-chain,” the announcement reads.

Several hours in the past, the workforce delved deeper into the matter, releasing the second Pi Request for Comment (PiRC2), aiming to open the Testnet subscription good contract to technical assessment and group suggestions. Pioneers are inspired to strive integrating subscriptions in their very own functions, assessment the contract design, and take a look at for bugs or edge instances.

Some group members highlighted the event and labeled it as helpful for all the ecosystem. X consumer Chen2Weels, as an example, argued that customers will lastly have the ability to take a look at and deploy on their very own apps.

“This is what we’d like to see on different tasks: the group getting concerned in developments like these,” they added.

Others had been much less supportive, claiming that Pi Network wants to deal with many ongoing points earlier than introducing new initiatives. The principal drawback seems to be the KYC verification and migration to the mainnet, as some customers declare they’ve been ready for years for approval with none success.

PI Price Outlook

The current announcement and the broader market’s resurgence following the extended ceasefire within the Middle East have did not spark an uptick in Pi Network’s native cryptocurrency. It continues buying and selling at round $0.17, roughly the identical degree as yesterday.

When zooming out, the scenario seems to be way more regarding. PI has collapsed by almost 95% from its all-time high of $3, reached initially of 2025, and it appears that evidently solely a serious catalyst, akin to help from a number one crypto trade, may set off a considerable rebound.

In reality, that is what occurred in mid-March when Kraken allowed buying and selling providers with the asset, inflicting the value to spike to a multi-month high of $0.30.

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