Pi Network launched three new services at Pi2Day, trying to extend its capabilities beyond its own ecology. The new functionality covers identification, third-party log-in and developer tools, which the official wish is to increase the actual use of Pi currency, but the market response remains weak.
PiVerify is open to outside firms
In this update, PiVerify received the most attention. This service opens the capacity of the KYC, which was originally used in the ecology, to outside firms. Third-party companies can use this to verify that the user is a real person, to reduce false accounts and to enhance security.
According to the introduction, companies that access PiVerify are required to pay for services in Pi currency. This means that the use of the Pi currency is no longer limited to point-to-point transfers, but rather a new payment scene for business-oriented services.
Pi Network indicates that the platform now has over 18 million users who have completed their KYC validation. It is the official view that the outward export of this certification capacity will help to expand ecological coverage and enhance the long-term usefulness of the tokens.
Add Login and Developer Tool
In addition to PiVerify, Pi Core Team launched Pi Sign-in. This feature allows users to access third-party applications and websites that support access by using Pi accounts, further extending the system to the ecological exterior.
Another update is SoloHost. The tool is open to developers and provides a framework that can be used to construct AI and distributed computing applications and run through Pi Desktop. Users can run related applications on their own computers and access them through Pi Browner.
From these three updates, Pi Network is trying to expand its location from a single encryption project to an identification, application login and development tool platform.
The token price continues to press.
However, product upgrades did not immediately drive Pi currency performance. The data show that the Pi currency is currently reported at $ 0.1129 and has fallen by about 6 per cent over the past 24 hours, still nearly 96 per cent below the historical high of $2.98.
The market is also concerned with the subsequent de-locking of the currency. According to the report, in July, about 103 million PIs are expected to enter circulation, valued at approximately $11.7 million at current prices. If new supplies continue to increase and demand does not improve significantly, the price of tokens may still be under further pressure.