The group behind the favored but controversial mission continues to attempt to enhance the general ecosystem with completely different initiatives introduced continuously, however to no precise avail by way of group approval and token value restoration.
Within the newest instance, they introduced the primary sensible contract functionality going stay on Testnet, however the underlying asset continues to slip, whereas the feedback under the put up proceed to consult with previous points they expertise.
First Good 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 sensible 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 Workforce outlined the introduction of the aforementioned first sensible contract capabilities immediately on the mission’s Testnet. In response to them, this could foster “actual, recurring, utility-driven use instances.”
In addition they promised that the blockchain will now be capable of energy e-commerce, streaming, on-line instruments, and different equally engaging niches.
Pi’s first sensible contract functionality is now stay on Testnet: subscriptions!
This fosters actual, recurring, utility-driven use instances.
Suppose 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 constructive information, nearly all 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, regardless that they declare they’ve efficiently accomplished all vital steps. The group 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 group 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 as we speak.
The following 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.