Pi Network launches the DeFi game PiOnline and further reduces the mining rate, with the coin price approaching historical lows but the ecosystem continues to expand | Pi coin price prediction
The Pi Network ecosystem recently welcomed a new member, PiOnline, which is a "play-to-earn" game with built-in DeFi features, officially launched on the Pi Browser. It adopts a dual-token economic model and supports community governance. Despite the expansion of the ecosystem, the price of Pi coin remains around $0.34, close to its historical low. At the same time, the project party has once again reduced the base mining rate by 1.23% in September, further increasing token scarcity. Additionally, a transfer of 6.5 million Pi by a whale to mainstream CEX has raised concerns about market dumping, but Pi Network's progress as a gold sponsor of Token2049 and the launch of fiat entrance Onramp Money still demonstrate its determination for global expansion.
PiOnline Officially Launched: First to Create a Mining and Battle Royale Mode, Building a Dual Token Economy
The first "play-to-earn" game integrating DeFi in the Pi Network ecosystem, PiOnline, has officially launched on the Pi Browser. The game offers a "Genesis Farm" Mining experience and a battle royale mode (expected to be online by the end of September), introducing a dual-token economy: governance token PIOL and in-game currency SEED. Players can earn up to 12.8% annual yield through land ownership and staking, and participate in governance through DAO. Early users can obtain land and seeds for free, lowering the participation threshold. The developers aim to create a virtual ecosystem closely connected to the real economy.
In May, Pi Network launched its first game, FruityPi, integrating Pi Wallet, Pi Ads, and native cryptocurrency, showcasing the potential for synergy between gaming and the ecosystem. The core team of Pi has long emphasized that games are a key strategy for enhancing user engagement and the utility of Tokens, encouraging developers to create applications using Pi infrastructure, and they can also apply for funding to reach millions of active users.
Pi coin price remains sluggish, nearing historical lows
Despite frequent ecological cooperation and activities, the price of Pi coin has not shown significant upward momentum. Over the past few weeks, the trading price of Pi has been around 0.3439 USD, still close to its historical low, although it has slightly increased by 1.5% this week.
Important progress in the ecological aspect includes: Pi Network becoming the gold sponsor of the Token2049 Global Web3 Conference in Singapore, with founder Nicolas Kokkalis attending the event; Pi is also listed on Onramp Money, covering users in over 60 countries, supporting local payment methods such as GCash, Maya, and Alipay for direct purchase of Pi, enhancing the accessibility of non-exchange channels.
Pi Network has again reduced the basic mining rate by 1.23% in September, bringing it down to 0.0027405 π per hour. Without rewards, it currently takes more than 15 days to mine 1 Pi, with an annual output of only 24 Pi. This is another tightening policy following the significant 8% reduction in mining rate in August, aimed at enhancing token scarcity through controlling issuance.
Meanwhile, on-chain data shows that a certain Whale address has just transferred 6.5 million Pi to a mainstream CEX, sparking speculation in the community about its potential dumping. This transfer occurred around the same time as the announcement of the new Mining rate, intensifying market concerns about short-term price trends.
Technical upgrades and global compliance processes are advancing in sync.
Pi Network is set to launch the v23 protocol upgrade, which plans to directly integrate the KYC function into the blockchain to enhance user verification efficiency and compliance. In addition, asset management company Valor has launched the first Pi exchange-traded product (ETP) on the Spotlight Stock Exchange in Sweden, marking further recognition of Pi in the traditional financial market.
In terms of expanding into the European market, Pi's well-known opinion leader WoodyLightyear praised Pi for its continuous efforts to provide purchasing channels for regions with exchange restrictions, highlighting its strategic intention for globalization.
Conclusion
Pi Network continuously expands its ecological boundaries through gamified products, adjustments in the mining mechanism, and global compliance cooperation, yet the token price still does not reflect these fundamental advancements. In the short term, whale transfers and market sentiment may continue to influence price trends; in the long term, mining deflation, the enrichment of ecological applications, and the launch of institutional products may provide more solid support for Pi's value. Investors need to pay attention to whether Pi's dynamics at the Token2049 conference and mainnet progress can inject new confidence into the market.
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Pi Network launches the DeFi game PiOnline and further reduces the mining rate, with the coin price approaching historical lows but the ecosystem continues to expand | Pi coin price prediction
The Pi Network ecosystem recently welcomed a new member, PiOnline, which is a "play-to-earn" game with built-in DeFi features, officially launched on the Pi Browser. It adopts a dual-token economic model and supports community governance. Despite the expansion of the ecosystem, the price of Pi coin remains around $0.34, close to its historical low. At the same time, the project party has once again reduced the base mining rate by 1.23% in September, further increasing token scarcity. Additionally, a transfer of 6.5 million Pi by a whale to mainstream CEX has raised concerns about market dumping, but Pi Network's progress as a gold sponsor of Token2049 and the launch of fiat entrance Onramp Money still demonstrate its determination for global expansion.
PiOnline Officially Launched: First to Create a Mining and Battle Royale Mode, Building a Dual Token Economy
The first "play-to-earn" game integrating DeFi in the Pi Network ecosystem, PiOnline, has officially launched on the Pi Browser. The game offers a "Genesis Farm" Mining experience and a battle royale mode (expected to be online by the end of September), introducing a dual-token economy: governance token PIOL and in-game currency SEED. Players can earn up to 12.8% annual yield through land ownership and staking, and participate in governance through DAO. Early users can obtain land and seeds for free, lowering the participation threshold. The developers aim to create a virtual ecosystem closely connected to the real economy.
In May, Pi Network launched its first game, FruityPi, integrating Pi Wallet, Pi Ads, and native cryptocurrency, showcasing the potential for synergy between gaming and the ecosystem. The core team of Pi has long emphasized that games are a key strategy for enhancing user engagement and the utility of Tokens, encouraging developers to create applications using Pi infrastructure, and they can also apply for funding to reach millions of active users.
Pi coin price remains sluggish, nearing historical lows
Despite frequent ecological cooperation and activities, the price of Pi coin has not shown significant upward momentum. Over the past few weeks, the trading price of Pi has been around 0.3439 USD, still close to its historical low, although it has slightly increased by 1.5% this week.
Important progress in the ecological aspect includes: Pi Network becoming the gold sponsor of the Token2049 Global Web3 Conference in Singapore, with founder Nicolas Kokkalis attending the event; Pi is also listed on Onramp Money, covering users in over 60 countries, supporting local payment methods such as GCash, Maya, and Alipay for direct purchase of Pi, enhancing the accessibility of non-exchange channels.
Pi Network Cuts Mining Rate Again, Whale Movements Attract Market Attention
Pi Network has again reduced the basic mining rate by 1.23% in September, bringing it down to 0.0027405 π per hour. Without rewards, it currently takes more than 15 days to mine 1 Pi, with an annual output of only 24 Pi. This is another tightening policy following the significant 8% reduction in mining rate in August, aimed at enhancing token scarcity through controlling issuance.
Meanwhile, on-chain data shows that a certain Whale address has just transferred 6.5 million Pi to a mainstream CEX, sparking speculation in the community about its potential dumping. This transfer occurred around the same time as the announcement of the new Mining rate, intensifying market concerns about short-term price trends.
Technical upgrades and global compliance processes are advancing in sync.
Pi Network is set to launch the v23 protocol upgrade, which plans to directly integrate the KYC function into the blockchain to enhance user verification efficiency and compliance. In addition, asset management company Valor has launched the first Pi exchange-traded product (ETP) on the Spotlight Stock Exchange in Sweden, marking further recognition of Pi in the traditional financial market.
In terms of expanding into the European market, Pi's well-known opinion leader WoodyLightyear praised Pi for its continuous efforts to provide purchasing channels for regions with exchange restrictions, highlighting its strategic intention for globalization.
Conclusion
Pi Network continuously expands its ecological boundaries through gamified products, adjustments in the mining mechanism, and global compliance cooperation, yet the token price still does not reflect these fundamental advancements. In the short term, whale transfers and market sentiment may continue to influence price trends; in the long term, mining deflation, the enrichment of ecological applications, and the launch of institutional products may provide more solid support for Pi's value. Investors need to pay attention to whether Pi's dynamics at the Token2049 conference and mainnet progress can inject new confidence into the market.