The first official goal of PI in 2020 is to establish the value of PI coins
In 2019, “Pi” chose March 14 as its festival, and the PI mobile app was officially launched. By March 14, 2020, the global consensus reached more than 3.5 million, and the annual consensus reached more than 10 million.
Why emphasize consensus makers? The reason is that only when the consensus reaches a certain scale can PI really have the value basis to exchange intangible assets or tangible goods. In other words, the ecosystem constructed by Pi is actually that the consensuses are willing to allow other consensuses to use Pi to exchange their own assets or goods, or some kind of service provided. Here, the value of PI is reflected in the monetary value of convertible assets, goods or services, or the purchasing power of PI is equal to that of currency.
This is the value building of PI.
The first official goal in 2020 is to build the value of PI.
In order to build value, consensus makers need to use pi to exchange real value (currency) and scale products, so as to create a real use environment for PI. And in entertainment, social relations, influence, knowledge and many other fields, through the purchase and sale of real assets, goods and services, so that PI has real use value.
In order to create a mature ecosystem that reflects the breadth and scale of the traditional economy, it is impossible for the core team to build all the applications separately.
Therefore, the official strategy is to disperse the development of PI ecosystem through PI application platform.
For example, in order to promote and expand healthy PI market transactions, consensus members or third-party developers can create PI applications in different markets (application scenarios), which vary according to different regions, languages and types of goods or services.
Although the core team is not an expert in all application fields, the global consensus community and external third parties are fully qualified for the above development work.
The PI core team focuses on providing platforms for other applications that are more focused on specific areas, such as e-commerce, logistics, supply chain, games, real estate or financial services.
In addition to the platform, the PI core team will develop some PI applications that are closely related to the vision and community building of PI.
Preliminary research data shows that, like Android system or apple system, the third-party developers of all kinds of applications in the market are very excited to contribute to the construction of PI ecosystem through the platform, which can be seen from the visits of PI applications and the activity of large global communities.
PI’s ambition is not only to exchange assets, goods and services, but also to build a holographic ecological application and development platform in the future. All these need to be based on the global application scale of Pi’s consensus.
The application platform allows third-party developers to build applications that use pi to facilitate structured transactions. The application platform can include an application called PI apps built in the PI network, as well as an external application that can integrate PI into its payment system.
PI applications will be holographic interfaces, similar to Facebook applications or wechat Mini programs. Some potential categories of PI applications that can be hosted in the PI interface include:
PI financial services applications – applications that allow consensus players to access the emerging decentralized financial world. Developers build apps that allow people to own real estate, cars and shares in companies like apple and Google, and the outlook is fantastic.
PI social media application – allows consensus players to consume and earn PI while participating in high-quality content. We are particularly interested in integrating PI into the existing applications of PI network to plan higher quality consumer entertainment and generate value.
PI market – an application that allows consensus players to exchange goods and services. Similar to Amazon and Taobao shopping mall, and similar to didi express and other services.
PI Game App – allows consensus players to play a variety of interesting games using PI, just as gamers spend traditional money on their favorite games.
PI payment – allows external applications to integrate PI into their payment options. Some examples of PI payments include:
A code scanning system that allows local retailers to accept PI payments;
Your favorite local website has a new “pay with Pi” button;
One day tiktok or Taobao, Jingdong, or Kwai, jitter can also create a new “Pi payment” button on its website.
From the beginning of focusing on the application directly built on the PI Network – pi application, PI apps will build a strong and feasible PI ecosystem to attract external traditional industries to integrate PI payment into its platform.
Work with the community to identify the most promising applications on the platform.
In order to avoid out of control in the application, i.e. some developers try to use the developed application to hurt other consensus holders, the application will establish a review system. Unlike apple, this work may be left to the major application communities for self review and screening, so as to realize the true intention of decentralization, so as to ensure the popularization of higher quality applications and provide them to the global consensus holders More reliable safe use scenarios.
The development of application platform started in the second quarter of 2020.
Applications for third-party developers are open to global audiences in the third quarter of 2020.
In application transfer (in platform transfer) test has proved that consensus makers need a safe and efficient PI trading environment and reduce abuse.
The results of the test mean that we must slow down the registration speed of the application’s inward opening until more applications are added to the application platform to expand the transaction of real goods and services, and we design the necessary safeguard measures to prevent the pi from being misused and causing harm to the consensus.
Currently, KYC (real person certification) is gradually promoted, so it is necessary to participate in other PI plans.
KYC will improve the probability of consensus members registering for in turn tests in various applications, and more applications will be added to the platform.
Those who pass KYC and get the consensus of nodes will also be allowed to connect PI nodes to the grid for testing.
The update of nodes is very important for PI, and the consensus members work together!
Source: digital economic port