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Pi Network price outlook as Protocol Upgrade deadline nears on March 1

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Pi Network price outlook as Protocol Upgrade deadline nears on March 1

Pi ecosystem tokens prioritize utility and user acquisition over speculative fundraising, debuting from Testnet to Mainnet rollout.

Summary

  • Pi ecosystem tokens are community-created assets on the Pi blockchain, already live on Testnet and nearing Mainnet deployment.
  • Tokens must support working products, with launch programs using them for user acquisition and in‑app utility instead of capital raising.
  • Pi’s model aims to hold projects accountable, letting weak apps phase out while Web3 tools reduce the cost of building user engagement.

Pi (PI) Network has announced the incorporation of ecosystem tokens on its Mainnet, with co-founder Chengdiao Fan detailing the initiative’s structure and objectives in a video presentation, according to reports from cryptocurrency news outlets.

The new assets are tokens created by community members and issued on the Pi blockchain, Fan stated. The tokens have been released on the Testnet, with their Mainnet launch currently in final stages, according to the announcement.

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Fan addressed the design framework for the new tokens, stating that a misalignment exists between token design and innovation in the broader cryptocurrency market. “Tokens on most other crypto networks function primarily as tools to raise capital. Yet, despite this approach, most projects frequently fail to provide real utility and innovation,” Fan said in the video, characterizing the issue as a structural problem.

The co-founder described Pi Network’s approach as focused on integrating cryptocurrency tokens for products and innovations, with an emphasis on utility as a driver for long-term stability and success for blockchain projects.

According to Fan, the tokens are designed to enable projects to acquire users for their products through Pi launch programs. “Projects issue tokens to fulfill the need to acquire users for their products and integrate these tokens for utility-based use cases inside their products,” Fan explained.

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Users will receive access to the tokens through the launch programs and will be able to utilize them within products, according to the announcement. Fan noted that developing user-engaging programs within a startup ecosystem typically represents a lengthy and expensive process, but stated that costs can be reduced through Web3 tools from Pi Network, including the ecosystem tokens.

The framework allows users to hold products accountable for their services, Fan said, adding that this structure ensures value for users as underperforming products would naturally phase out over time.

“Pi ecosystem tokens are not about copying existing token models. In fact, we have deliberately sought to avoid the traditional approach. Because many of the problems in Web3 stem from how tokens have been traditionally designed. And this design will also evolve as it gets iterated in practice,” Fan stated.

The announcement comes as Pi Network continues to develop its ecosystem amid ongoing discussions within its online community regarding project development timelines.

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Pi trades near $0.17, roughly -91% below its $2.99 all‑time high, after slipping about -8% over the past week despite a modest -0.6% 24h move and ~$15m in daily volume; with Mainnet upgrades, migration, and validator rewards ramping into early March, price action into March 1 will likely hinge on whether this bullish-flag structure resolves higher toward the $0.20–$0.21 resistance zone or fades back toward the $0.15 support area as traders reassess the upgrade timeline and on-chain positioning.

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Crypto World

Mt. Gox’s Karpeles Floats Hard Fork Recover $5.2B Bitcoin

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Mt. Gox's Karpeles Floats Hard Fork Recover $5.2B Bitcoin

Mark Karpelès, the former CEO of Mt. Gox, is calling on community support for a proposal to recover more than $5.2 billion stolen from his Bitcoin exchange more than a decade ago.

On Friday, Karpelès submitted a proposal on GitHub to add a consensus rule that would allow the 79,956 Bitcoin hacked from Mt. Gox (currently sitting in a single wallet) to be moved to a recovery address without the original private key. 

“These coins have not moved in over 15 years. They are among the most well-known and publicly tracked UTXOs in Bitcoin’s history,” he wrote. 

Source: Jameson Lopp

Karpelès said that with Mt. Gox trustee Nobuaki Kobayashi already overseeing distributions to creditors, if the coins were recoverable, the existing legal and logistical framework would distribute them to their rightful owners. 

“I want to be upfront: this is a hard fork. It makes a previously invalid transaction valid. All nodes would need to upgrade before the activation height. I’m not trying to disguise that fact or sneak it through as something else,” he added.

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However, Karpelès said the proposal wasn’t intended to bypass the Bitcoin development process; instead, it was an attempt to start a discussion with the Bitcoin community. 

Source: Luke Dashjr

“The MtGox trustee has declined to pursue on-chain recovery, citing the uncertainty of whether such a consensus change would ever be adopted,” he said. 

“This creates a deadlock: the trustee won’t act without certainty, and the community can’t evaluate the idea without a concrete proposal. This patch breaks that deadlock by providing something concrete to discuss.”

Bitcoin immutability at risk, say critics 

Karpelès’ proposal saw strong opposition on the online forum Bitcointalk, with most arguing that it would set a bad precedent for Bitcoin, a decentralized cryptocurrency intended to be irreversible and immutable. 

“Each time a hack incident [happens], someone will call for another new consensus rule to recover stolen funds. This will destroy the bitcoin concept in full,” wrote “coupable,” who has been a member of the forum since 2015. 

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“Bitcoin should be independent from what Law Enforcement decides in any [jurisdictions],” said another forum member known as “PrivacyG.”