The Pi Network has announced a series of significant updates, including the integration of new decentralized applications (dApps) and an improved account recovery system. These enhancements arrive alongside the introduction of Pi Coin perpetual futures on the Kraken exchange, marking a notable step in the network’s ongoing development and accessibility.
Integration of New dApps
The Pi Core Team recently introduced five community-developed applications to the Mainnet Ecosystem Interface. These new dApps include a classic snake game, e-commerce platforms, and analytical tools that provide detailed on-chain data related to the Pi token.
Each application underwent a thorough review process to ensure it met strict standards for functionality, quality, and policy compliance. By diversifying the types of applications available, Pi Network aims to boost user engagement and showcase its growing ecosystem.
This initiative also encourages developers to build practical and innovative solutions, thereby increasing the overall utility and attractiveness of the Pi platform.
Improved Account Recovery Options
To improve accessibility and security, Pi Network has rolled out a new account recovery method. Users who have registered a trusted email address can now reset their password via email, adding to the existing recovery options.
This update is especially beneficial in regions with limited mobile network coverage, where traditional verification methods may be less reliable. The streamlined process helps ensure users retain continuous access to their accounts, reducing both frustration and barriers to participation.
This user-focused improvement highlights the network’s commitment to creating an inclusive and frictionless experience for its global community.
Kraken Exchange Lists Pi Perpetual Futures
In a major milestone, the cryptocurrency exchange Kraken has listed Pi Coin (PI) perpetual futures. This new offering allows traders to take long or short positions with leverage of up to 20x.
Available on Kraken Pro, these contracts support over 360 markets and accept more than 40 forms of collateral. Unlike standard futures, perpetual futures do not have an expiration date, enabling traders to hold positions indefinitely, subject to periodic funding rate adjustments.
This listing represents Pi Coin’s first appearance on a major derivatives platform, which could enhance its market visibility and liquidity.
Market Reaction and Future Prospects
Despite these positive developments, the price of Pi Coin saw a slight decrease, trading around $0.77 at the time of reporting. The availability of leveraged trading may introduce higher short-term volatility as the market adapts to these new instruments.
The Pi Network continues to focus on building a strong, functional, and user-friendly ecosystem. The addition of new dApps and better security features is expected to support broader adoption and sustainable growth.
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Frequently Asked Questions
What are the new dApps available on Pi Network?
The newly added dApps include a classic snake game, several e-commerce platforms, and data tools that offer insights into Pi token’s on-chain activity. All apps were vetted for quality and compliance.
How does the new account recovery process work?
Users who have added and verified an email address can now request a password reset link directly to their inbox. This offers a simpler and more accessible recovery option, especially in areas with poor telecom services.
What are perpetual futures?
Perpetual futures are derivative contracts without an expiry date, allowing traders to hold positions indefinitely. They are settled periodically through funding payments, making them popular for leveraged trading.
How might the Kraken listing affect Pi Coin?
The listing on a major exchange like Kraken can improve liquidity and market exposure. However, it may also increase price volatility due to the introduction of leveraged trading.
Is Pi Network only for developers?
No, Pi Network is designed for a wide range of users. While developers can build dApps, everyday users can engage with applications, participate in the ecosystem, and use Pi Coin in various ways.
Where can I learn more about using Pi Network safely?
For secure and effective participation, it’s important to use official sources and trusted community guides. Always enable security features like email recovery to protect your account.