Pi Coin will pave the way for many activities on the blockchain after the open mainnet goes live.
Pi Coins i continues to build in its enclosed mainnet as the mining platform prepares to launch the next phase—pen mainnet.
Pi Network continues to build in its enclosed mainnet as the mining platform prepares to launch the next phase—open mainnet.
While we anticipate the open mainnet launch, we want to look at the protocol’s native currency, $Pi, and its utilities in the crypto space.
Pi will serve as the cryptocurrency, powering all activities on the Pi blockchain upon mainnet launch. Already, numerous developers have shown interest in creating utilities by deploying their Decentralized Applications (dApp) on the network through their participation in the ongoing Hackathon.
With the growing interest in the blockchain, here are the core uses of Pi currency for every user in the crypto space when open mainnet is launched:
Transfer Money Easily
Similar to other crypto assets, users can transfer Pi Coins to one another quickly and bypass huge transfer fees.
Make NFT Transactions
With Pi Coin, Non-fungible Tokens (NFT) enthusiasts can create, buy, or sell NFTs. Pi Network will launch its native NFT marketplace for interested users to trade their collections with Pi coin.
Purchase Goods and Services
Pi Marketplace allows pioneers to purchase real-life goods with the Pi coin.
Connect With Workers
The Pi Workforce application will allow users to connect with professionals across different fields to complete various tasks. By paying with Pi coins, users will get people to work for them easily.
Play and Earn
PlayToEarn (P2E) utility will allow users to play games and earn Pi coins.
The future is bright for the Pi blockchain alongside its native currency. Apart from the above utilities, more ideas will be integrated with Pi Coin. You can visit the Brainstorm segment on the Pi mobile application to check out the various innovations in the ongoing Hackathon.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
Where to find Pi Network:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.