Pi Network's first Ecosystem Summit will conclude with a hackathon offering $200,000 in USDT rewards instead of the project's native token. The event runs from November 17 to 19, but the decision to pay winners in stablecoins has sparked questions about future demand for PI itself.
The project recently released developer tools including SoloHost, which allows AI coding assistants to prepare apps for distribution without requiring PI payments. PiVerify stands as the main exception, charging businesses in PI for identity verification services. The token recently rebounded 15 percent from its all-time low of $0.0626 while trading volume dropped 29 percent.
Read the full story on BSC News: Pi Network Ecosystem Summit Closes With 200,000 USDT Hackathon, Raising Questions on PI Demand
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