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Pi Network launches a DeFi earning game! Continuous positive news but difficult to support coin price, with $0.34 becoming a key bottom.
Pi Network (PI) is trying to inject new vitality into its ecosystem by combining gamification with Decentralized Finance (DeFi). The recently launched PiOnline is a money-making game that combines farm management with Decentralized Finance, introducing a dual-token economy and DAO governance. However, despite the frequent positive news, the price of Pi coin still hovers around $0.3468, and the market reaction is lukewarm.
PiOnline: The First DeFi Earning Game on the Pi Browser
PiOnline has officially launched on the Pi browser, with the first mode being "Genesis Farm." Players can experience agricultural management combined with DeFi elements and enjoy the following features:
Dual Token Economy: PIOL (Governance Token) + SEED (In-game Currency)
Land Ownership: Early players can obtain land and seeds for free.
Staking Rewards: Up to 12.8% Annualized
DAO Governance: Rules and development direction maintained by the community
The development team plans to launch the battle royale mode by the end of September, introducing more competitive gameplay and hoping to create a virtual economy closely linked to real financial activities.
Gamification is the long-term strategy of Pi Network
This is not the first attempt at gamification by Pi Network. As early as May, Pi launched FruityPi, integrating it with Pi Wallet, Pi Ads, and the Pi coin ecosystem.
The Pi core team has long emphasized that games are a key driver for enhancing user activity and the daily utility of the coin. Developers can apply for funding support and promote their products using Pi's millions of active user community.
Positive news keeps coming, but the PI price remains stagnant
(Source: CMC)
Recently, Pi Network has welcomed multiple positive news.
Token2049 Gold Sponsor: Will debut at the global top Web3 event in Singapore in October.
Onramp Money Launch: Supports users from 60+ countries to directly purchase Pi coin through payment methods such as GCash, Maya, Alipay, etc.
Mining rate adjustment: decreased by 1.23% in September, it takes over 15 days to mine 1 Pi without bonuses, increasing scarcity.
However, these positive factors have not driven the coin price to break through, and Pi coin still hovers around 0.34 dollars, reflecting the market's lack of confidence in the short-term improvement of fundamentals.
Market Observation: Can Games Become a Price Catalyst?
The launch of PiOnline combines earnable games + DeFi + DAO governance, which is expected to attract more developers to create game projects on Pi, expanding the ecological scale.
However, without external capital inflow and trading volume support, relying solely on gamification may struggle to reverse the long-term sluggish state of the coin price.
Conclusion
Pi Network is trying to inject new momentum into its coin price through DeFi earning games and various ecological benefits. However, from the current market response, investors are still observing, and 0.34 dollars seems to have become a short-term "iron bottom." Next, the user growth and trading activity of PiOnline will be important indicators to observe whether the Pi coin can break away from the low level.