The rapidly growing PI community in the world of cryptocurrency has taken a big step. Pi Bedrock has officially introduced “Pi Network Ventures Launch”, which will support startups and business from the funds of $ 100 million (USD and PI TOKEN). The aim of this initiative is Pi Token not just a holding asset, but to make real digital currency used in life every day. In the last 5 days, Pi Coin has shown a rise of more than 50%, due to which Pi Coin makes her place in Lead 20 Is. Meanwhile, there is a discussion that Binance may soon list Pi Coin. However, this has not been confirmed by Binance so far.
What is the source of this funding?
The amount for this venture fund is coming from 10% of the token placed for Pi Bedrock. It is a non-profit organization that aims to strengthen PI’s long-term growth and permanent ecosystem.
The main objective of pi communication ventures
The focus of Pi Community Ventures is to invest in startups and business that use Pi Token’s creative and innovative, whether it is in products, services or in daily transactions. Its target is to convert the PI into a widely used currency and not just making tokens to be placed in a digital wallet.
Three main objectives
1. PI to increase utility
Investment in such startups that improve user experience using PI and prepare useful apps or services.
2. Use of Pi in real production
Businesses will be encouraged that include Pi Community in its production process, increasing the value and utility of the network.
3. Examples of daily use
A business will be funded which can show how PI is possible in common life, such as shopping, payment, booking etc.
Big step after open network phase
This launch has happened at a time when Pi Community has recently completed its Visible Community Section, which now Pi coin will be sold at global levelAfter getting permission, users can buy it through cash in more than 100 countries. This approval will increase the reach of PI Community and further strengthen its presence in the Crypto market, which will promote both PI utility and acceptibleness.
Double plan to innovate and adopt
Pi Bedrock has adopted two-way strategy to increase its ecosystem:
First track: Investing in selected innovative startups through Pi Community Ventures.
Second track: Community-Drivan Initiatives, such as Hacathon, open platforms, so that Pi population can find and use new uses itself.
The aim of both these tracks is to make the PI a real, useful and valuable cryptocurrency, so that developers, business and PI customers from all over the world can take advantage of it.
Conclusion
Pi Community Ventures Establishing will not only strengthen the Pi ecosystem, but it will also give global startups a new energy and direction. It is clear from this that PI will not be just a digital token, but in the coming time it can become a widely used currency. If you are running a startup and want to use an innovative use of Pi communication, now you have a big opportunity as Pi Community Ventures.
