The Pi Chain Mall lets users buy and sell products across the Pi Network.
Pi Chain Mall E-Commerce Marketplace
The Pi Chain Mall (PCM) is one of the most active decentralized applications (Dapps) within the Pi Network. PCM is a decentralized marketplace that allows a global network of users to buy, sell, and trade goods and services using Pi tokens as their currency.
Pi Chain Mall has been building from the beginning of Pi Network. PCM is a winner of the inaugural Pi Network Hackathon in October 2021. PCM was chosen as the #2 business app in the Hackathon behind Pi Workforce Pool, a job hiring marketplace. The PCM team recently celebrated their successes with a tweet to their community.
The Pi Chain Mall works very simply. Users can build a profile, link it to their Pi Wallet, and begin buying and selling products. It is not required to fully KYC to join Pi Chain Mall; however, as the Pi Network moves towards the open mainnet, all members will KYC.
The PCM Network is global, with members logging in from China to Nigeria. The users are trading and engaging in business nearly every minute of the day, according to the PCM payments smart contract on the Pi Blockexplorer.
“Basically, we have transactions on the blockchain every minute. We are also the most active Pi application based on the number of transactions everyday,” Edwin, PCM Global Community Manager, told BSC News. “Even though we are still in enclosed mainnet and most of the pioneers haven’t get KYCed.”
The e-commerce marketplace exists within the closed mainnet of the Pi Network. This causes Pi Chain Mall users some limitations. Pi Network users cannot withdraw their Pi tokens for any fiat. Users cannot link any other financial services and exchange anything but Pi in the app.
“Currently, PCM users are only able to sell products to earn Pi. But the Pi they earned cannot be withdrawn or used to buy other stuff. This limits the circulation of Pi on our platform,” Edwin, PCM Global Community Manager, continued. “However, PCM will open π withdrawal next month. And users can withdraw it from the PCM app to their pi mainnet wallet. This will be a meaningful and historical moment for us, where the development of pi ecological applications will enter a new level. And Pi will generate more value as they are better circulated.”
The Pi Chain Mall team maintains good relationships with many projects in the Pi Ecosystem. The team is also in close contact with members of the Pi Core Team and can put in update requests to improve the overall Pi Network experience.
The Pi Chain Mall is available through mobile and browser. PCM is also accessible through the Pi Network App and the Pi Browser.
What is Pi Network:
Pi Network is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution. The project was founded by a team of Stanford University Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Network has evolved over the years and has organized a hackathon, built a couple of working Pi blockchain apps, and is now in the final stages of transition to public mainnet.
Where to find Pi Network:
Source : bsc.news
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