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Meanwhile, the PI token continues to struggle at just over $0.20.
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Summarize with AI
Summarize with AI
Pi Network has faced its fair share of criticism over the years, mostly due to countless delays upon its long-anticipated launch that finally occurred in early 2025, and for its controversial KYC procedures.
Now, though, both of these issues seem behind it. The launch was successful in February, while the team has integrated numerous updates to the verification system, which has simplified the process, and millions of users have passed the KYC procedure. As such, one of the news pages dedicated to covering PI developments outlined what might be the next logical step in the ecosystem’s evolution.
Utility Apps Next?
Utility applications, just like the name suggests, are meant to make people’s lives easier by solving real-life problems. Pi Network’s current path indeed seems to be heading down that road, which is evident from the recently-concluded hackathon.
As reported earlier this week, the team outlined the three winners and five honorable mentions, and the trend appears clear. The winner was Blind_Lounge – a privacy-first social and dating platform allowing people to connect anonymously and reveal identities only by mutual choice. In other words, it’s a utility app for dating. Interestingly, one of the honorable mentions (Kindrek) is a similar platform.
The second place went to Starmax – a loyalty program app enabling Pioneers to spend the native token at participating businesses and earn rewards for their engagement.
Another rep of the honorable mentions – Workflet for Pi – also falls into the utility category, as it serves as a platform built around role-based workspaces for productivity and collaboration.
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PallyPay and SimpleJoy have utility functions as well. The former is a group payment and bill-splitting app for everyday transactions like meals and trips, while the latter offers a curated library of full open-source, browser-based games that are free to play and easy to access.
PI Price Update
Despite the most recent developments within the Pi Network ecosystem, which included the integration of additional AI tools as well as some partnerships, the protocol’s native token has lost its October/November momentum. At the time, it stood close to $0.30 but it has dumped by nearly 50% since then and now struggles to remain above $0.20.
It’s worth noting that its all-time low is at $0.172, which means that PI is not far from charting another one soon. ChatGPT believes there’s such a possibility in the week ahead, especially if it loses the $0.18-$0.19 support.
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Source: https://cryptopotato.com/pi-network-pi-evolution-is-this-major-new-step-about-to-begin/
