The interest in Network Pi discoloration and the controversy KYC have entered the network, lowering the price and overall feeling of the market. However, now the wind changes because the PI network community is buzzing with optimism because its domain auction sees an overwhelming participation.
With more than 200,000 offers placed in a week, the excitement is based on the growth of the ecosystem and the potential of Pi Coin to recover the $ 1 bar. However, this excitement will remain as Binance did not let the Pi token However, and the network also deals with other controversies and regulations, but the market hopes that it will return with this last sale to domain auctions, let’s see how true it will be.
The domain auction of the Pi network exceeds expectations
The Pi Core team (PCT) has released An update on its domain auction, revealing that more than 40,000 unique tenderers are in competition for 95,000 areas .PI. Nearly 3 million Pi tokens are actively underway, some areas reaching up to 30,000 ft. In particular, the areas linked to major brands like Amazon and Samsung attract fierce competition.
According to the PCT, this request highlights the growing PI ecosystem, because companies and developers see the value of the property powered by blockchain. These areas will help create applications, companies and PI -based services, further incorporating IP into digital trade.
PCT policy for domain auctions
To guide the process, the PI Core team has published a political document explaining how the product will support the PI ecosystem. Auction funds will be reinvested in developer programs and PI -focused events, encouraging more in -depth growth.
In addition, applications of the PI ecosystem can secure areas without participating in the auctions. However, .Pi domains will require renewals, much like traditional areas, and currently only works in the PI browser.
- Read also:
- Pi Network loses confidence? Control of the controversial decentralization sparks supernodes
- ,,
Can Pi Coin bounce back at $ 1?
In the meantime, the price of Pi Coin has slipped below $ 1, currently negotiating at $ 0.8862 after a 5% fall triggered by unlocking recent tokens and increased sales pressure. Despite this, the feeling of the community remains strong, much believing that a rebound at $ 1 is possible.
A potential list on Upbit feeds speculation that the PI room could rally. However, skepticism remains due to continuous concerns concerning the transparency of the PI Core team, which prevented the major exchanges from listing the token.
It remains to be seen if this momentum will reproduce at $ 1, but the enthusiasm within the community is undeniable.
Never miss a beat in the world of cryptography!
Stay in advance with the news, expert analysis and real -time updates on the latest Bitcoin, Altcoins, DEFI, NFTS, etc. trends
Faq
Pi Coin fell below $ 1 due to tokens, pressure and concerns about exchange announcements, despite a high community optimism.
A rebound at $ 1 is possible if Pi Network secures major exchange lists and maintains strong growth in ecosystems thanks to its domain auction.
Binance has not yet listed the PI part due to regulatory concerns and skepticism concerning the transparency of the PI Core team and the official state of the network.