- Pi Network launched its first hackathon with 160,000 Pi coins in prizes worth $60,800.
- Developers can register now and must submit their apps by October 15.
- The competition aims to create useful applications and boost Pi coin adoption.
Pi Network has announced its inaugural hackathon competition, marking a significant milestone in the cryptocurrency project’s development strategy. The event represents the platform’s most ambitious attempt to expand its ecosystem through developer engagement and practical application development.
The Pi Core team revealed that developers worldwide can now compete for prizes totaling 160,000 Pi coins, valued at approximately $60,800. This substantial prize pool demonstrates the network’s commitment to fostering innovation within its ecosystem.
Competition Structure and Prize Distribution
The hackathon features a tiered reward system designed to incentivize high-quality submissions. The winning team will receive 75,000 Pi coins, while the second-place team earns 45,000 coins. Third-place finishers will claim 15,000 coins; up to five additional teams may receive 5,000 each.
Registration opens immediately, with team formation encouraged from the outset. The official competition begins on August 21, providing participants nearly two months to develop their applications. A midpoint checkpoint scheduled for September 19 offers teams mentorship and community feedback opportunities.
The final submission deadline falls on October 15. Teams must complete app listing through the Developer portal, submit demonstration videos, and fill out required forms by this date.
Development Requirements and Resources
Participants must create decentralized applications that provide genuine utility to Pi Network users. All submissions must comply with Mainnet Listing requirements and demonstrate real-world value propositions. The competition maintains an open-ended theme, allowing developers creative freedom in addressing various use cases.
The Pi Core team has made several development tools available to participants. Pi App Studio provides essential development infrastructure, while the Brainstorm app supports ideation processes. Developers can also leverage Pi Open Source (PiOS) for community-driven development approaches.
The hackathon’s timing coincides with growing speculation about Pi Network’s potential role in real-world asset tokenization. Industry observers note the platform’s connections to Stellar, which recently joined the ERC-3643 Association to advance compliant tokenization standards.
Traders suggest the hackathon could significantly impact Pi coin’s valuation and adoption metrics. The competition addresses longstanding criticism about the network’s limited practical applications by encouraging functional dApp development.
Recent market activity supports optimistic projections for Pi coin performance. Whale accumulation patterns show increased institutional interest, with one major investor acquiring 350 million coins. Technical analysis indicates potential bullish momentum building across multiple timeframes.
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