The auction of .pi domain names by Pi Network has become a significant discussion topic. Over 200,000 bids were placed in the first week post-launch, highlighting active participation by Pioneers, businesses, and developers.
The Importance of .pi Domains for the Ecosystem
.pi domains represent a new step in blockchain-based digital identity development. These identifiers allow users, businesses, and applications to establish their presence in the Pi ecosystem. Unlike traditional domains, .pi domains are integrated with the Pi blockchain, providing secure ownership and management.
Auction Highlights and Key Figures
The .pi Domain Auction, exclusive to Pi Mainnet participants, has already shown impressive results. Over 200,000 bids were placed by more than 40,000 unique bidders. Active bids amount to 2.9 million Pi, with the highest bid reaching 30,000 Pi. These figures reflect the community's significant interest in the event.
New Policies and Features
Pi Network has released a policy document explaining the auction rules and domain issuance policies. These documents clarify participant requirements and trademark compliance, ensuring transparency as the auction progresses. Users can ask questions and get clarifications in the network's online FAQ.
The .pi domain auction demonstrates Pi's evolution from a mobile cryptocurrency to a platform utility, reflecting its mission to make cryptocurrency accessible and functional for everyone. The auction is set to conclude on June 28, 2025.
