Pi Network recently launched an auction-like event for domain names that garnered significant user interest. Over 200,000 bids have been placed since the event's start.
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According to statements, the Pi Core Team's policy intends to reinvest revenue into the ecosystem through developer programs and Pi events. More than 40,000 different bidders are participating in the domain competition. Popular domain names simplify complex wallet addresses. The Pi team has also stated they are selling domains that can function as internet addresses. The price of Pi Coin has fallen to $0.8862 due to selling pressure and token unlocking, with trading volume decreasing by 29.21%.
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In official statements, the Pi Core Team highlighted the increasing demand for .pi domain names, which emphasizes blockchain-based ownership in applications, businesses, and online services.
Interest in Domains and Impact on Pi Currency Price
Bids for a single domain have reached up to 30,000 Pi, with total active bids nearing 3 million Pi. Notable companies like Amazon and Samsung are interested in .pi domains, highlighting substantial community participation.
The Pi Network event highlighted significant interest in domain names and the impact on Pi Currency's price. Potential listing news on platforms like Upbit could support the market.
