Blockchain and its application are revolutionising the tech industry. Cryptocurrency, NFTs, Decentralised Applications (dApps), and much more come under the shadow of blockchain. Thus, we are highly enjoying the perks of blockchain in our daily lives.
Moreover, the innovations taking place in blockchain, especially cryptocurrency, attract most users toward themselves. Nevertheless, it also expels a large number of users from the use of digital earning sources. This fear among people is due to many scams and dark activities that occurred under the name of cryptocurrency.
Pi Network is a popular and innovative crypto project that attracts a massive crowd to invest and trade in Pi. On the other hand, many call it a scam, giving it a bad name in the market. However, Pi Network tries its best to provide its users with interesting and appealing opportunities for earning, dipped in creativity and learning.
Also read: Crypto During a Recession: Here’s What to Expect
Pi Network – Overview
Pi Network is an innovative technology that enables users and crypto enthusiasts to mine their cryptocurrency, namely the Pi crypto (PI). Co-founded by two Stanford University students, Pi Network offers an advantageous and better approach toward creating a crypto token with many perks.
Pi tokens can be created via smartphone apps at your fingertips. It does not limit you to buying an entire pack of high-value computers and setting up expensive mining systems. Thus, Pi Network aids users to have cryptocurrency with no harm to the environment due to crypto mining. It makes Pi an environment-friendly cryptocurrency.
Pi Network has several essential and positive features, making it the best platform for crypto projects. First, Pi Network allows users to contribute to creating a cryptocurrency to earn rewards. Furthermore, the mining of Pi is not unlimited but dependent on the number of users mining it. The higher the number of users, the lower the Pi limits will be, making it a limited crypto.
Pi Network Hackathon Programme
As you read about Pi Network, it is an interactive platform based on cryptography for users to mine and earn cryptocurrency. They aim to earn fame like Bitcoin or overtake Bitcoin in many aspects. Therefore, Pi Network has many innovative ideas to pursue its ambition.
At the start of 2023, Pi Network announced an interactive programme known as Pi Network Hackathon in March. The project was based on ideas from developers to advance Web 3.0 and dApps. Therefore, Pi Network provided the users with a development theme for dApps. At the end of the project, they announced the winners, rewarding them with incentives and future projects.
It is another project from Pi Network to help collect ideas for the advancement of dApps, explore talent, and help them become full-time workers. It commenced at the start of this month, June, and will last till September 2023. It takes a few stages for developers to participate in this programme and submit their developed project within a decided timeframe. Pi Network will announce winners on its official website.
Perks of the Hackathon Programme
As the first Hackathon programme from Pi Network was a success, it generated many ideas for the blockchain ecosystem. This time, it will be more creative, collaborative, and innovative in nature due to the participation of many users worldwide. Here are a few perks that we can expect from the Pi Network’s new Hackathon programme.
#1. Unique Problem Statement
The Hackathon project aims to use participants’ creativity to bring innovation and solve digital problems. Therefore, the core team from Pi Network designed a specific problem statement that exists in the current blockchain ecosystem.
It serves as the project purpose for participants, making them focus on the problem to solve. Thus, Hackathon will help solve many existing problems in the system presently. As per the official announcement from Pi Network, the theme that participants will be working on includes social media, games or entertainment, consumer utilities, and open innovations.
#2. Huge Participation
Pi Network’s new Hackathon programme will attract plenty of users to participate in this project. Since the project is interactive, developer-friendly, and creative, it will help participants learn and grow at the end of the project. Plus, there is no limit on the number of users signing up, making it a great platform to experiment with your idea in the real field.
Moreover, participation in the Hackathon programme requires users to be part of the Pi Network. In other words, they must be members of the Pi app on mobile devices or web browsers. It implies that Hackathon is a magnificent opportunity for Pi Network to extend its network and get more users into its platform.
#3. Networking Opportunities
This mega project from Pi Network will allow its participants to connect with the Pi core team, other participants, and crypto influencers. Thus, it will help participants find opportunities to learn and earn extra with the right connections and networking.
With the help of such connections, participants will get chances to learn from experts in the blockchain industry. Thus, participating in Pi Network’s new Hackathon programme is a win-win for users and Pi Network.
#4. Lucrative Rewards
Pi Network has announced high rewards and incentives for winners and participants in the Hackathon programme. These rewards will range from fiat currency (USD) to crypto (PI). Thus, it is the best way to motivate developers worldwide to put in their skills to provide the blockchain industry with valuable contributions.
Frequently Asked Questions
Will Pi Cryptocurrency Emerge in the Future?
The development we have seen in the Pi Network is evidence of Pi’s success. Pi is a project that promotes eco-friendly mining, making it the best cryptocurrency for environmental welfare. Moreover, innovative projects from Pi Network attract a plethora of users to join its network, making it a popular crypto project in the future.
Will Hackathon Programmes Occur Again?
Yes, Pi Network has confirmed the occurrence of Hackathon contests every month. Thus, developers and creative programmers will get opportunities to enliven their ideas. Moreover, it is an opportunity for users to earn lucrative incentives and rewards for their productivity and contributions to the good cause.
Can Pi Get to 100 USD?
The price of any asset depends on its supply and demand in the market. Moreover, market capitalisation highly influences the price of any financial asset or product. Currently, Pi has greater supply than demand, making its price lower. However, it will reach the $100 mark soon due to the ongoing rapid registration of Pi users.