It’s a Date: Ethereum Shapella Unstaking Upgrade Set for April 12
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Project Insight: Beefy Finance
October 8, 2021
MINS
The team at Beefy.Finance has taken the BSC by storm: Simultaneously dominating the yield optimizer market share and strengthening the BSC community.
Robo-Yield Farmers
When people hear “Yield Aggregator,” the first thing that comes to mind is yearn.finance (YFI). This yield aggregator is based on the Ethereum network, where it dominates the market share. The incorporation of Andre Cronje’s (YFI Founder) project allows users to yield farm tokens efficiently, with vault strategies created to maximize returns while minimizing the cost of fees.
Enough about the Ethereum Network, Yield optimizers (aggregators) on the Binance Smart Chain (BSC) are faced with slightly different circumstances. A large part of yield optimization on the Ethereum network is avoiding ridiculous fees, which, as we know, is not an issue on the BSC. This opens up doors for much more involved strategies that can rebalance frequently and use an increased number of transactions to maximize Annual Percentage Yields (APY’s).
The appeal of yield aggregators is that it allows all users alike to become yield farmers effortlessly. Frequent vault updates remove the decisions independent yield farmers must make regarding APY maximization. On top of this, users don’t need to worry about manually compounding their funds daily or weekly. The point of these projects is to allow users to take a set and forget its approach to yield farming.
BSCs’ Leading Yield Optimizer
The team at Beefy Finance has a heavy focus on improving the BSC ecosystem as a whole. Through their governance platform, users and the team will be able to “help projects in BSC grow together, providing help with auditing, creating hackathons for interesting strategies to add to the platform, etc.” Overall, the Beefy Finance team continuously improves their project, the BSC, and yield farmers’ experience on the BSC.
Beefy.Finance optimizes yields through a vault system; vaults serve as investment instruments, implementing strategies through smart contracts. These vaults automate the best yield farming opportunities. Vaults can perform the following actions: Use assets as liquidity, provide assets as collateral for others, manage collateral to reduce odds of liquidation, use assets to generate a yield and compound profits.
With the following actions, vaults allows users to automate their DeFi farming experience completely. Strategies are created by the community and the BIFI team, allowing the process to be effectively optimized.
Compound Wizardry
Now for those of you who don’t know, compounding investing is your best friend. Beefy vaults compound daily, and some vaults compound multiple times a day. These compound functions are integrated into the vault strategies using heuristics to judge the optimal time of compounding. The systems take into account variables such as TVL, price, liquidity, and platform restrictions. Overall the Beefy vaults take care of the nitty-gritty compounding.
APY vs. APR
Annual Percentage Rate (APR) reflects a simple interest rate based on a year’s worth of interest. On the other hand, the Annual Percentage Yield (APY) reflects the rate with compounding factored in. This is a crucial difference to understand, as 1% compounded daily will yield 3678.34% per year, which is exponentially larger than the >1% APY found in traditional finance. This brings us into a bit of financial math. For those of you who don’t enjoy math ill make it quick.
I will do a quick breakdown of the math behind compounding but will leave the rest up to the eager users who wish to learn more. You can check out a more in-depth explanation on the Beefy.Finance whitepaper.
A=P(1+rn)^(nt)
The formula above represents the formula for compound interest, where:
- P = principal amount (initial investment)
- R = annual nominal interest rate (Decimal)
- N = # of compounds per year
- T = number of years
The compound equation is exponential, which results in graphs such as the one pictured below:
This is where Beefy separates itself from the pack. DeFi projects already boast insanely high yields, but Beefy vaults take it to the next level. Just in the sense of compounding, Beefy vaults can earn users upwards of 8x their initial investment after three years of compounding.
Da BIFI Bois
Similar to almost all DeFi projects, the Beefy.Finance project has its own governance token, $BIFI, which allows users to receive a portion of the vault’s performance fees. This token represents the user’s stake in the governance and revenue of the project. $BIFI holders can stake their tokens into the Governance pool; this pool disburses WBNB daily to users based on their percentage of the pool.
Unlike many other BSC projects, users do not have to un-stake their tokens to participate in the voting process. This incentivizes much more voter participation, meaning users don’t need to default their rewards to vote.
Key Metrics
The $BIFI token, as previously explained, allows users to reap rewards from the vaults. These metrics show the appeal behind $BIFI: the low capped supply and an even lower circulating supply due to most of the tokens being staked. This displays that many holders are holding onto their tokens to receive WBNB payouts. While most of the tokens are staked, there is no lock-in period, which means that the circulating supply can increase at a moment’s notice. This is still a very unlikely scenario as BIFI has seen rapid growth and is a tiny market when compared to the scale of YFI ($740m). Overall, these metrics display the growth of BIFI and give us an insight into how much market share is left to be captured, and there is still plenty.
Active Vaults:
Currently Beefy.Finance has over 259 vaults, with the top vaults earning over one percent a day. I’m not sure who’s been paying attention, but compounded consistently over a year, some of these vaults have seen APY’s over 200,000%. Beefy’s vaults currently sprawls across three platforms, PancakeSwap, Thugs.Finance and Fortube.
Be sure to check the whitepaper for the full project details.
Allowance Checker
The Beefy team isn’t just looking to maximize its community members farming, but also focus’ on keeping the BSC secure. They have released an Allowance Checker that allows users to identify projects/addresses that have an allowance to spend your tokens. This tool allows you to identify the addresses with allowance and lets users revoke spending permissions for a small transaction fee. Beefy’s release of this tool enables users to stay proactive and ensure that no unwanted projects can drain their wallets. In the wave of recent BSC scams, security should be all investors’ utmost priority, and the team at Beefy.Finance seems to agree.
For those who wish to learn more about maintaining safety on the BSC check out these two articles – Here & Here, by The Ape.
Roadmap
The Beefy.Finance team plans to be a stronghold of the BSC ecosystem. They plan to achieve long-term stability through creating a developing, designing, and finance-based community. The creation of a healthy community will ensure the innovation of Beefy continues to spur.
Knowing that Beefy is prepared to succeed in the future, what is coming next?
A Beefy OG community member, Power, provided some insight stating that “[He] will try to push the following initiative: Finalize the BSC ecosystem strategies to secure BIFI’s earnings and their number one spot on the BSC.”
Beefy’s focus at the moment is to solidify itself as the leading yield optimizer on the BSC. This consists of finalizing Cake, Thugs, and Narwhal vaults to continue propelling BIFI earnings higher.
After discussion with multiple Beefy team members, this seems to be the consensus of the short-term focus. Many BIFI community members expressed the stress of moving to a cross-chain system through a broader lens.
Sirbeefalot and Superbeefyboy were also kind enough to comment on their outlooks. Sirbeefalot mentioned that one of their visions for BIFI is to improve YFI’s bottlenecks by diversifying strategies and making them more available to users.
The Beefy team believes that innovation happens best with open markets, which is why they created a system to allow strategies to surface through calls and signals versus the “traditional” model of committees and voting of YFI. Superbeefyboy then added to the discussion his vision of building a bazaar- referencing The Cathedral and the Bazaar- or a DeFi app store. The general idea behind these points is that it allows all users alike to improve upon an existing foundation of technology.
Final Thoughts
Beefy vaults have taken the “traditional” implementation of YFI vaults and brought a unique spin to the BSC. Currently, Beefy vaults offer users the best yield farming experience on the BSC and only plan to innovate further. Their inclusive community governance system aims to attract many like-minded individuals to the crypto space, driving future developments. After speaking to the team, it is apparent that the Beefy team is oriented around building a strong foundation for both their project and the BSC ecosystem.
With all this said, it is imperative to do your due diligence when making financial decisions. Keep an eye on these cows because they are cooking up some heat.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Radiant Capital Expands From Arbitrum to BNB Chain
March 28, 2023
Radiant’s expansion from Arbitrum to BNB Chain is the first-step in its omnichain DeFi aspirations.
DeFi on Arbitrum, BNB Chain
Aspiring omnichain money market Radiant Capital is now live on BNB Chain.
The expansion by the Arbitrum-native lending platform is another link in the cross-chain Decentralized Finance (DeFi) ecosystem that is emerging on the two Ethereum Virtual Machine (EVM)-compatible networks.
As BSC News reported previously, Radiant recently launched its v2 product on Arbitrum. Built on Layer Zero, Radiant intends to allow users to deposit assets from any major blockchain, borrow assets across multiple chains, and withdraw funds to any major blockchain.
According to DefiLlama, Radiant has the second-largest Total Value Locked (TVL) on Arbitrum, with nearly $334 million. That puts it above Uniswap and only behind GMX.
Radiant’s Arbitrum TVL would put it in fourth place on BNB Chain, behind PancakeSwap, Venus and Alpaca Finance.
On launch, Radiant has just over $28 million in TVL on BNB Chain, according to DefiLlama.
In a Twitter thread accompanying the announcement of its expansion, Radiant cited BNB Chain’s growth and overall size in terms of users and TVL.
“In short: @BNBCHAIN is dominating DeFi onboarding[.] And Radiant v2's BNB integration means it's one step closer to the ultimate vision: Become DeFi's premiere, cross-chain lending market,” Radiant tweeted.
Radiant’s announcement comes one day after stableswap Wombat Exchange announced it would be expanding from BNB Chain to Arbitrum on April 5, bringing with it the WOM Wars competition among yield-boosting protocols Wombex Finance, Magpie XYZ and Quoll Finance.
Other DeFi protocols that are live on both BNB Chain and Arbitrum include Uniswap, Trader Joe, ApeSwap, ApolloX and Dopex.
What is Radiant Capital:
Radiant intends to be the first omnichain money market, allowing users to deposit any major asset on any major chain and borrow a variety of supported assets across multiple chains.
Lenders who provide Radiant with liquidity will earn a passive income from their deposit assets. Borrowers can withdraw against collateralized funds to obtain liquidity (working capital) without selling assets or closing positions.
Radiant's cross-chain interoperability is built on Layer Zero, taking advantage of Stargate's stable router interface. Lenders who want to reclaim their collateral can specify which chain to withdraw funds from and what percentage to send to each chain.
Learn more about Radiant Capital:
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Chingari Announces Integration with Wormhole for Cross-Chain Expansion to Aptos
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March 29, 2023
The integration will also enable Gari Network with an easy and efficient way to migrate assets from Solana to Aptos, paving the way for a smooth bridging operation.
Chingari Goes Crosschain
Chingari, the on-chain social app, announced its integration with Wormhole to enable cross-chain expansion to the Aptos network.
“This partnership seeks to enable Gari Network with an easy and efficient way to migrate assets from Solana to Aptos, paving way for a smooth bridging operation,” The Gari Network team stated.
Last month, Gari Network announced its plans to go multi-chain, enabling the Chingari app to launch on the Aptos blockchain in the second quarter. But what the recent integration will bring for Gari Network:
Benefits of Wormhole Integration
According to Gari Network, users can access different blockchain networks from a single wallet with the recent integration. By integrating cross-chain interoperability, Chingari looks to expand its user base to the Aptos community and offer more innovative features.
Further, core contributors to Gari Network can use Wormhole to transfer emissions to Aptos' Gari wallet when it becomes available. With the Chingari app, new users can use the Aptos-backed Gari wallet seamlessly without needing to migrate.
Furthermore, the protocol believes that the integration can significantly improve performance by offloading some transactional load to other networks.
Having over 5 million daily active users and 2.2 million GARI wallet holders, Chingari has become an increasingly popular platform for entertainment and social interaction.
Gari Network (GARI) is trading at $0.05153, up 1.07% in 24 hours.
What is Chingari:
Chingari is a video-sharing mobile app. In these videos, users can add visual effects, lip-sync, dance, or voice-over movie scenes and comic dialogues. The Company’s vision is to be the best of its short video-sharing platform for its users. A hot new stage for flaming talent to show the world who you are by capturing flawless videos and sharing them in seconds. Express yourself, Create amazing videos, and connect with the content you love! We are a growing family that values diversity by doing the right thing with precision, pace, and passion for reaching the Fast Moving Needs of Modern Bharat.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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It’s a Date: Ethereum Shapella Unstaking Upgrade Set for April 12
March 29, 2023
The Shanghai + Capella (Shapella) update to the Ethereum mainnet is the biggest on-chain event of the year, as it allows for the withdrawal of staked $ETH.
Ready for ETH Unstaking?
The biggest on-chain event of the year finally has a firm date. The Shanghai + Capella (Shapella) upgrade to the Ethereum mainnet will take place around 10:30 p.m. UTC on Wed., April 12.
Ethereum core developer Tim Beiko said in a Twitter thread that Shapella bug bounties are being doubled until April 5. Additionally he included a link to the Shapella Watch Party on YouTube.
According to an announcement from the Ethereum Foundation Blog, the update’s March rollout to the Goerli testnet has gone smoothly, and developers quickly reached a consensus on the timing of the mainnet upgrade.
“This upgrade follows The Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. It also introduces new functionality to both the execution and consensus layer,” according to the blog.
The immediate knock-on effect of the anticipated Shapella upgrade has been to create new demand for Ether liquid staking projects. The thinking is that the new ability to unstake $ETH will attract more users to stake their $ETH – and, instead of just staking directly, to use a liquid staking protocol that enables them, effectively, to “double-dip” in yield farms and Decentralized Finance (DeFi) platforms.
What is Ethereum:
Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts - that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).
Find more about Ethereum here:
Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
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SafeMoon’s Liquidity ‘Compromised’ for $9M, SFM Token Plummets
March 29, 2023
PeckShield said a “public burn bug” was introduced during an update by the official SafeMoon deployer.
More Trouble for SafeMoon
There’s been another incident with the SafeMoon project, which announced that its SFM/BNB Liquidity Pool had been “compromised.” On-chain data indicates the amount drained approached $9 million.
SafeMoon CEO John Karony tweeted that only the SFM/BNB LP was affected, and the project’s exchange platform is “safe” along with the wallet.
This isn’t the first time SafeMoon has been in the negative spotlight. In April 2022, YouTuber Coffeezilla published two videos looking into the project’s troubles, some of which predated Karony’s tenure.
In regard to the current incident, blockchain security firm PeckShield tweeted that the code that was exploited – a “public burn bug” – was introduced by the official SafeMoon deployer.
“The upgrade, with the exploited public burn bug, was initiated by the official SafeMoon: Deployer. (Admin key leak?),” PeckShield said.
Data from BscScan indicates that the exploiter’s wallet transferred the funds to a second wallet, which sent a message to the SafeMoon deployer, saying “Hey relax, we are accidently frontrun an attack against you, we would like to return the fund, setup secure communication channel , lets talk”.
Upon news breaking about the incident, the SFM token’s value dropped by about 30%, according to CoinGecko, though it has since regained some of that loss.
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Pi Network Introduces Ambassador Program to Onboard Local Businesses to the Pi Ecosystem
March 29, 2023
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Pi Network created the local business ambassador program to onboard Pioneers who can convince users to integrate Pi payments into their businesses.
Become a Local Business Ambassador on Pi Network
Becoming a local business ambassador is the second ecosystem program unveiled by Pi Network on Pi Day 2023. Like the ecosystem ambassador program, Pioneers can contribute to the network’s development.
The local business ambassador program is for stores, shops, and small businesses that accept Pi payments. Already, numerous stores have started receiving Pi payments for goods and services, and Pi Network has recognized its importance in contributing to a solid infrastructure in the Decentralized Finance (DeFi) space.
“Local businesses are an important component to the Pi ecosystem and will make great contributions to building substance and utilities for the network,” Pi Network’s announcement read. “Local businesses are also where the grassroots power of the Pi community can be unleashed to have great potential and impact—something rarely seen in other networks.”
Pi Network created the program to onboard Pioneers, contributing to Pi’s development by bringing local businesses into the Pi ecosystem through Pi payment integration. However, while it promotes the network’s awareness, there may be some challenges.
To solve these challenges, such as location, accountability, and many more, Pi Network opened community proposals for Pioneers to submit their ideas on encouraging users to integrate Pi payments into their local businesses.
“If you are knowledgeable about local businesses or enthusiastic about this direction of ecosystem building, submit your ideas via the Pi support portal. Stay tuned for more updates on this program,” Pi Network wrote.
Open the Pi Day announcement HERE to submit your ideas about the initiative.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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