The staff behind the favored but controversial challenge continues to attempt to enhance the general ecosystem with completely different initiatives introduced ceaselessly, however to no precise avail when it comes to neighborhood approval and token value restoration.
Within the newest instance, they introduced the primary good contract functionality going stay on Testnet, however the underlying asset continues to slip, whereas the feedback under the put up proceed to confer with outdated points they expertise.
First Sensible Contract Capabilities
Pi Community’s protocol updates started in late February when the community migrated to model 19.6. The next month and a half noticed the introduction of model 19.9 and, maybe most significantly, 20.2. The latter laid out the foundations for permitting good contract options. V21 adopted in early April, whereas V22 is scheduled to be accomplished by April 27.
In its newest announcement on X, the Core Staff outlined the introduction of the aforementioned first good contract capabilities instantly on the challenge’s Testnet. In response to them, this might foster “actual, recurring, utility-driven use circumstances.”
Additionally they promised that the blockchain will now have the ability to energy e-commerce, streaming, on-line instruments, and different equally engaging niches.
Pi’s first good contract functionality is now stay on Testnet: subscriptions!
This fosters actual, recurring, utility-driven use circumstances.
Assume e-commerce, streaming, on-line instruments, and extra, powered on-chain.
Learn extra within the Pi mining app. pic.twitter.com/tafdpuGAu1
— Pi Community (@PiCoreTeam) April 17, 2026
Regardless of this seemingly optimistic information, the vast majority of the feedback under the put up on X have been nonetheless targeted on one other essential subject: KYC. Many proceed to expertise points when attempting emigrate their tokens, despite the fact that they declare they’ve efficiently accomplished all mandatory steps. The staff started second migrations final month and insists that a whole lot of 1000’s of Pioneers have accomplished the switch of their balances, however the neighborhood stays unconvinced.
PI Slides Once more
After final month’s transient value pump following the Kraken itemizing, the underlying asset has been in a free-fall state for 4 weeks, falling from virtually $0.30 to nicely under $0.20. It tried to stage a comeback earlier this week, however was halted at $0.185 at present.
The next rejection was fairly painful, pushing the asset all the way down to $0.173 as of press time. Its market cap is all the way down to $1.760 billion on CoinGecko, which endangers its place within the prime 50 alts by that metric regardless of the minor 7-day enhance.
- Pi Community (PI) Worth on CoinGecko
The put up The Pi Community Paradox: Main Characteristic Launched, However PI Token Slides Once more appeared first on CryptoPotato.