PI

PiChain Mall Reports 15M PI In Transaction Volume

by BSC News

September 14, 2023

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Pi Chain Mall announced the milestone on Twitter, emphasizing the importance of creating real-world utility for the Pi community.

Pi Chain Mall, a decentralized e-commerce platform on Pi Network, recently announced that it has reached a significant milestone in its operations. On Thursday, September 14, the company took to X (Twitter) to announce that it has crossed the 15 million mark in PI transaction volume.

The platform was created to allow Pioneers to buy and sell products using their PI coin. This feature has proven to be popular among Pioneers, resulting in the reported milestone. In the announcement tweet, Pi Chain Mall emphasized the importance of creating real-world applications for its Web3 community.ย 

"Building on Pi is all about creating real-world utility for our Web3 community. PiChain Mall has been pioneering this vision since 2021, empowering pioneers to trade products and services with Pi," the platform wrote.ย 

Pi Chain Mall offers merchants the opportunity to earn PI coins by selling products on the platform. This model has incentivized sellers and contributed to the overall transaction volume on the platform.

Since its inception in 2021, Pi Chain Mall has been focused on pioneering the use of Pi coins for real-world applications. The recent announcement of surpassing 15 million Pi in transaction volume could underscore the platform's commitment to providing utility and value to its user community.

What is Pi Chain Mallย 

Pi Chain Mall (PCM) is a decentralized marketplace that allows a global network of users to buy, sell, and trade goods and services using Pi tokens as their currency.ย 

What is Pi Networkย 

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.ย 

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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