Pi Network Updates & Kraken Futures Listing
The Pi Network ecosystem has received a significant boost with two major announcements: the integration of new decentralized applications (dApps) and an updated account recovery system. This positive news follows the listing of Pi coin perpetual futures on the Kraken cryptocurrency exchange.
Pi Network Expands dApp Ecosystem and Improves Security
In a recent blog post, the Pi Core Team (PCT) detailed the addition of five new community-built dApps to its mainnet. These apps, which include a snake game, e-commerce platforms, and applications providing Pi token on-chain data, aim to enhance the network's utility and attract further development.
The PCT rigorously vetted these applications, ensuring they met stringent quality, functionality, utility, and compliance standards. This process provides a valuable framework for future developers looking to contribute to the Pi Network.
The second key update focuses on improving account security and recovery. A new password reset flow allows users to receive a reset link via their trusted email address, supplementing existing methods. This enhances user accessibility while maintaining robust security.
New dApps Include:
- Snake Game
- E-commerce Applications
- Pi Token On-Chain Data Applications
Kraken Lists Pi Perpetual Futures
The positive momentum within the Pi Network is further amplified by Kraken's listing of Pi perpetual futures contracts, offering traders up to 20x leverage. This allows for both long and short positions on the token, adding another dimension to Pi's market accessibility.
Kraken's futures market supports over 40 collateral options and spans more than 360 markets. This listing, along with Pi's existing spot trading on OKX, represents substantial exchange support. However, it is important to note that Bybit CEO Ben Zhou has publicly stated that his exchange has no intention of listing Pi.
At the time of writing, Pi is trading at approximately $0.76, with a 24-hour trading volume of $180 million. Note that the price and volume are subject to market fluctuations.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Market conditions are volatile. Conduct thorough research before making any investment decisions.
Codeum Note: Codeum offers comprehensive blockchain security and development services including smart contract audits, KYC/AML verification, custom smart contract and DApp development, and tokenomics and security consultation. We help projects like Pi Network build a secure and thriving ecosystem.