June 28 is widely celebrated within the broader Pi Network community as Pi2Day due to being 2x of March 14 (the resemblance to the mathematical constant π). It usually arrives with major expectations about potential token listings or new features.

The latest was announced earlier today by the team, but the native token’s correction has only worsened after the news went live.

Extending the Focus

The days leading up to the event were full of speculation from both the team and the community, with some anticipating major new features, while others spread rumors about potential token listings on large exchanges, similar to what happened around Pi Day (March 14) with Kraken.

The actual announcement outlined the introduction of SoloHost, Pi Sign-in, and PiVerify, all of which aim to expand the ecosystem beyond native applications and into AI, identity, and third-party services. These updates want to position Pi as a platform for AI applications, decentralized computing, and digital identity, rather than being focused only on blockchain functionality.

The three launches extend Pi’s services beyond its native ecosystem by enabling devs, businesses, and third-party apps to leverage Pi’s computing infrastructure, user base, and KYC capabilities.

Actual Releases

The main release is probably SoloHost, which supports locally-run AI apps, including the newly introduced Homes AI assistant. It processes and stores data entirely on a user’s device instead of relying on cloud infrastructure. The team said this approach improves privacy and reduces dependence on centralized servers.

Pi Sign-in is the second major feature, allowing users to log into supported third-party websites and apps using their Pi credentials. It gives external devs access to Pi’s verified user base while simplifying authentication for existing Pioneers.

The third is PiVerify. It serves as a new identity verification service that opens Pi’s KYC infrastructure to external businesses.

The team also outlined Pi’s hybrid AI-and-human verification system, which has verified over 18 million users across more than 200 countries and regions. PiVerify will work in tandem with that system and will enable fintech companies, exchanges, Web3 apps, and other businesses to leverage Pi’s identity infrastructure for customer onboarding, AML screening, duplicate account detection, and compliance workflow.

PI Still Slides

Although the team has announced new features aiming to improve the overall user experience, the protocol’s native token has reacted with a similar ‘buy the rumor, sell the news’ manner. PI has plummeted by over 4% in the past 24 hours, even though most of the market has rebounded from the weekend lows.

PI dipped to just under $0.12 but managed to remain inches above its all-time low of $0.1189. It now trades above $0.12, but it’s still 10.5% down weekly. Moreover, it remains 96% away from its all-time high of $2.99 registered in February 2025.

Источник: CryptoPotato