Pi Network Announces StreamVault as July Hackathon Winner

by BSC News

September 18, 2023


StreamVault was declared the winner due to its focus on a single essential utility.

StreamVault to Receive 10,000 PI as Reward 

Pi Network has officially announced the winner of its July Hackathon. StreamVault, a subscription-based video streaming platform, emerged as the winner and will be rewarded 10,000 PI. The announcement was made via a blog post on September 8.

According to the announcement, "StreamVault is a subscription-based video streaming platform that's still in its early stages of development." The platform aims to empower Pioneers by allowing them to stream videos and earn PI through subscriptions to their content. Therefore, Pioneers can use PI to subscribe and watch videos from their favorite creators on StreamVault.

Pi Network revealed that StreamVault was chosen as the winner due to its focus on a single key utility. 

Pi Network stated, "What stood out about StreamVault is their focus on a single key use case. Instead of trying to be everything at once, they've chosen a specific path to deliver real utility to Pioneers."

The mobile mining blockchain disclosed that Video streaming is a relatively untapped use case in its ecosystem. StreamVault's entry promises to benefit content creators and consumers within the Pi community. 

With a reward of 10,000 PI, StreamVault aims to develop further and contribute significantly to the Pi Network ecosystem.

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.

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