

Pi Chain Mall Set to Introduce Platform Fees For Sellers and Improve Ecological Development



The protocol will introduce a poll in the coming weeks to allow users to vote on the platform's fees. The fee would be used to promote ecological growth in its ecosystem while also offering a fee-free experience for buyers.
Improving Ecological Development
Pi Chain Mall (PCM), the largest e-commerce platform providing exchange services for Pioneers on Pi Network, is set to introduce something new into its ecosystem. The top Pi Network platform is set to introduce "Platform Fees" for sellers while providing a fee-free experience for buyers and improving ecological development.
The platform announced the innovative idea on Twitter and confirmed it with BSC News on Monday, May 22. According to the PCM core team member Edwin, the innovation would ensure sellers sell their products at relatively low fees and earn $PI. Further, it would also enhance the protocol's ecological development by incentivizing top players in its ecosystem, including volunteers, moderators, and more. Edwin shed more light on the reason why the service fee was introduced.
"The service fee was introduced because Pi Network's ecological application development requires funds, and many people in our team are volunteers, who serve the Pi community without any fiat/crypto return," Edwin said.
Regular e-commerce platforms, including Amazon and eBay, charge sellers on the platform relatively high fees ranging from 8-45%. But with PCM's initiative, users could sell at cheaper rates. To make this possible, the platform will hold a poll in the coming days for Pioneers to vote for the optimal fee structure on the platform.
"When we met with the pi core team, we asked the PCT for the proportion of transaction service fees we should take. PCT hopes that we can determine the proportion through community surveys, so we will publish this vote in the coming week," Edwin confirmed the poll with BSC News. "We will use the service fee to pay volunteers (including country leaders, designers, moderators, etc.) who have been involved in Pi Chain Mall ecological development for two years. Thanks to all the team members and volunteers who support ecological development. We are proud to have them in the Pi community."
The platform fees will enhance PCM's sustainability and growth. With its introduction, the team can continue to improve its services and provide support to its community, including members involved in its ecological development. Through the poll, users can contribute to the protocol's decision, and the graphic within the tweet provides a clear overview of how e-commerce platforms charge sellers. With the graphic, users would be able to contribute reasonably to shape its future in the e-commerce industry.
What is Pi Network?
Pi Network is a mobile mining blockchain with an application that lets people earn Pi coins by doing simple tasks on their phones. However, the project remains in its development stage with delivery of an open mainnet still a matter of speculation, with no launch date confirmed.
With this in mind, the protocol remains in its testnet stage and will apparently go live when many users (Pioneers) complete the mandatory KYC procedure while the core team works on developing its ecosystem.
Pi Network is also reported to be under investigation by authorities in Vietnam and users should exercise a high degree of caution when interacting with the project and ensure they have conducted sufficient research before doing so.
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 $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.
Author
Related News


Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro

The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
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 $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.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Try Now!

Sign up Now
Coming Soon

WIN BIG

Coming Soon

Start Earning Today!

Earn Now
Coming Soon

Sign Up Now

Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%