This could be a big boost for Pi Coin this year.

Pi Network – a blockchain project aimed at popularizing cryptocurrency for the masses – has officially announced the first global Hackathon event. This is considered an important milestone in the strategy to expand the ecosystem, as Pi not only focuses on its vast mining community but also places emphasis on creating practical applications, thereby enhancing its competitive position in the blockchain space.

Hackathon – Bridge from the community to real-world applications

Unlike many hackathons that are typically limited to a fixed theme, the Pi Hackathon is designed with an open spirit, creating space for developers to freely explore and deploy applications across various diverse fields.

Projects can focus on:

• Payment & E-commerce: Build a DApp that allows users to pay directly with Pi in daily transactions.
• Blockchain game (GameFi): Leverage community power to develop games with the potential for widespread dissemination.
• Decentralized Finance (DeFi): Deploy staking, lending, or peer-to-peer trading solutions on the Pi platform.
• Data encryption & security: Pi application in identity verification, protecting information, and providing secure digital services.

The prerequisite is that all products must meet the listing standards on Pi Network's Mainnet. This diversity of themes is expected to maximize creativity while opening up opportunities for breakthrough ideas, transforming Pi from a widely mined currency into a blockchain platform with practical applications and sustainable value.

Prize structure – An attractive motivation source for the dev community

To encourage global participation, Pi Network has allocated a total prize pool of 160,000 Pi, estimated to be worth around 60,800 USD at the current reference price.

Prize Distribution Details:

• First prize: 75,000 Pi
• Second prize: 45,000 Pi
• Third prize: 15,000 Pi
• Encouragement Prize: A maximum of 5 teams, each team 5,000 Pi

In addition to financial rewards, the winning teams will also receive the opportunity to access expert advisors, get feedback from the global community, and have the potential to deploy projects directly on Mainnet – an extremely important value in terms of commerce and practicality.

Official schedule:

• 21/8: Launch the official event
• 19/9: Deadline for updating progress, an important milestone to receive guidance from advisors.
• 15/10: Deadline for submitting the complete project, including app listing, demo video, and registration documents

Thus, the Pi Hackathon is not just a mere "idea competition", but also requires relatively complete products, ready for testing and listing on the platform, creating conditions for projects to truly develop and be applied in reality.

Toolset for Developers

Pi Network not only organizes a hackathon but also creates a comprehensive support ecosystem that helps developers turn ideas into reality quickly and effectively. Pi Open Source (PiOS) promotes open source development, allowing projects to easily inherit and collaborate; Pi App Studio optimizes the app building process, minimizes technical barriers, and accelerates deployment speed; while Brainstorm App provides a space to share ideas, receive feedback, and find teammates globally.

In addition, the structured mentoring program of Pi Network helps projects not only remain at the experimental level but also have a clear roadmap to develop into viable products and expand practically. With the combination of tools, community, and in-depth guidance, participating teams have the opportunity to maximize development speed, enhance product quality, and increase the likelihood of success, making Pi Network's hackathon a real springboard to affirm global vision and creative capabilities.

Pi and the ambition to position itself in the global blockchain

The Hackathon competition takes place at a time when Pi Network is actively positioning itself in the global blockchain landscape. A notable development is that Stellar – a strategic partner of Pi – has joined the ERC-3643 Association, an organization promoting the standard for asset tokenization. This opens up opportunities for Pi to become a hub in the RWA field, which is one of the hottest trends in blockchain. If many teams in the Hackathon choose to develop applications around RWA, Pi Network could quickly increase its strategic value, not only within the mining community but also in the traditional financial sector, where organizations are increasingly interested in blockchain as a critical infrastructure.

In addition to the technological aspect, this Hackathon is also expected to create a strong impetus for the price of Pi Coin. According to analysis from many experts, there are three notable signals: the accumulation signal from whales, as a large investor is reported to have accumulated up to 350 million Pi Coin, indicating long-term confidence; expectations of listing on major exchanges, as the community spreads rumors that Pi may soon appear on reputable exchanges, expanding liquidity; and technical signals from the price chart, forming a pattern that indicates the potential for a breakout in the short term. The Hackathon could be the catalyst for these three factors to resonate, creating sustainable price momentum for Pi, surpassing effects based solely on rumors.

With over 47 million users who have mined Pi, the project has a huge community but still lacks an important "piece of the puzzle": real utility. This hackathon is an opportunity to fill that gap. If successful, the event will transform Pi from a project that once raised skepticism into a blockchain platform with practical applications, attracting interest from institutional investors – especially in the RWA field – and creating an important stepping stone for official listing on major exchanges.

The first global hackathon of Pi Network is not just a technology event, but also a strategic move, helping Pi overcome previous controversies and get closer to its goal of becoming a globally adopted cryptocurrency. The combination of a large mining community, market momentum, and the creativity of developers could open up a significant turning point in the coming months. If this opportunity is successfully leveraged, Pi Network could definitely turn its ambitions into reality – from a "paper" currency to a blockchain infrastructure with tangible applications, real value, and increasing influence.

Emma