Pi Network takes steps towards developing real utility for its PI token. This includes active participation in app development and community engagement, highlighted by the upcoming Hackathon in 2025.
Focus Shift to Real Utility
Pi Network emphasizes creating real utility for the PI token. This includes active community involvement in app development and the 2025 Hackathon. Key figures such as founders Nicolas Kokkalis and Chengdiao Fan, both with Stanford affiliations, underline the importance of public participation in ecosystem development.
Current Market Sentiment
Currently, there is cautious market sentiment following recent announcements. PI token prices are showing a downward trend, affecting investor confidence in the project.
Long-Term Community Prospects
Among the financial implications is a 160,000 PI prize pool for Hackathon participants. The community is anxiously awaiting further news regarding potential migrations planned for 2025. Despite good intentions, the community's reaction is mixed, with some skepticism about the project's ability to deliver tangible benefits.
Pi Network focuses on real utility through community engagement and the upcoming Hackathon. However, the current market conditions and community reactions leave the project's future open to questions.
