Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Pi Network's Journey: Evolving from a Community Movement to an International Travel Platform

Pi Network's Journey: Evolving from a Community Movement to an International Travel Platform

Bitget-RWA2025/11/19 07:24
By:Bitget-RWA

- Pi Network launches Pitogo Testnet token, enabling travel bookings via decentralized platform to expand real-world utility. - Over 770,000 Pi coins migrated to mainnet in 24 hours, signaling readiness for broader applications ahead of v24.1.0 protocol upgrade. - MiCA-compliant whitepaper reveals EU market entry plans, positioning Pi as non-custodial layer-1 crypto aligned with global regulatory standards. - Ecosystem advances include Pi App Studio upgrades and Sesame Exchange airdrops, accelerating devel

Pi Network Unveils Pitogo Testnet Token Amid Expanding Global Presence

Pi Network has made a notable advancement in growing its ecosystem by introducing the Pitogo travel token on its Testnet. This allows users to try out booking flights, accommodations, and travel-related services through its decentralized platform. The launch comes at a time when mainnet migrations are accelerating, with

in just one day, highlighting increasing user enthusiasm for the network’s shift toward real-world use cases.

Created by MAMBOCHAIN LTD, the Pitogo token can now be accessed through the Pi Wallet, letting users test transactions and explore initial travel booking options. Although it is currently restricted to the Testnet, developers stress that this stage is essential for optimizing the user experience before the token is launched on the mainnet. Once fully rolled out, Pitogo will let Pioneers use Pi coins to book actual travel services, representing a major step forward in the cryptocurrency’s practical adoption.

This milestone comes after a week of swift progress for Pi Network, including an unprecedented rise in daily migrations.

over 770,000 Pi coins were moved to the mainnet within a single day, pushing the total migrated supply closer to 8.3 billion Pi. This uptick demonstrates growing excitement ahead of the network’s upcoming protocol update to stellar-galexie v24.1.0, which aims to boost performance, reliability, and capacity for new applications like Pitogo.

Pi Network's Journey: Evolving from a Community Movement to an International Travel Platform image 0

Regulatory compliance is also advancing.

, found on Pi’s official website, details the project’s framework, tokenomics, and alignment with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The document reveals Pi’s plans to pursue trading approval in the EU/EEA, setting the stage for regulated entry into major markets. While not an official prospectus, the whitepaper highlights Pi’s dedication to meeting international standards, defining it as a non-custodial layer-1 cryptocurrency rather than a utility token under MiCA.

Technical progress is further fueling ecosystem expansion. The Pi App Studio has recently undergone a significant update, offering improved workflows and user-friendly tools for developers to create and test new applications. These enhancements are designed to speed up the development of practical utilities like Pitogo ahead of wider mainnet availability. At the same time,

, distributing Pi and to encourage user participation during the migration period.

The community’s outlook remains positive as Pi nears important achievements. Observers point out that the combination of increased migrations, protocol enhancements, and regulatory initiatives indicates a maturing ecosystem. With the Pitogo Testnet debut and the v24 upgrade approaching completion, Pi Network is on track to evolve from a grassroots initiative into a globally recognized blockchain platform.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Taurus-Kaiko Collaboration Establishes Benchmark for Regulatory Compliance in Institutional Cryptocurrency Activities

- Taurus Group integrates Kaiko's crypto data to provide institutional-grade digital asset infrastructure with regulatory compliance. - Kaiko's standardized data from 100+ exchanges enhances transparency for Taurus's 40+ bank clients including Deutsche Bank . - The partnership streamlines valuation processes and strengthens risk frameworks as Taurus expands globally with U.S. operations. - The integration reflects growing institutional demand for accurate data and regulatory alignment in crypto markets.

Bitget-RWA2025/11/19 08:52
Taurus-Kaiko Collaboration Establishes Benchmark for Regulatory Compliance in Institutional Cryptocurrency Activities

Zcash News Today: ZEC Whale Risks $5M as Collateral—Will the Short Position Hold if Privacy Coins Surge?

- A ZEC short whale on Hyperliquid faces $13.77M losses as Zcash surges past $700, with 10x leverage and a $1,084 liquidation price. - The whale added $5M USDC collateral to sustain the position, expanding the short size to $43.2M amid ZEC's 1,500% October-November rally. - ZEC's rise to $11.2B market cap, driven by institutional interest and privacy coin adoption, highlights risks of leveraged bets in volatile crypto markets. - The position reflects broader on-chain dynamics, with the whale also holding p

Bitget-RWA2025/11/19 08:52
Zcash News Today: ZEC Whale Risks $5M as Collateral—Will the Short Position Hold if Privacy Coins Surge?

Bitcoin News Update: Investors Shift Funds to Alternative Coins While BTC and ETH ETFs Decline

- Bitcoin and Ethereum ETFs face $2.9B outflows in November, while Solana and XRP ETFs attract $289.8M inflows, reflecting shifting investor priorities. - Canary Capital's XRPC ETF set a $59M first-day trading record, closing with $250M AUM, driven by demand for diversified crypto exposure. - Analysts cite Fed policy uncertainty, leveraged position liquidations, and weakening BTC-gold correlation as key drivers of Bitcoin ETF outflows. - Investors increasingly favor altcoins with tangible utility, such as

Bitget-RWA2025/11/19 08:52
Bitcoin News Update: Investors Shift Funds to Alternative Coins While BTC and ETH ETFs Decline

Hyperliquid News Today: DeFi’s High-Leverage Trading Environments Increase Systemic Spoofing Threats

- Hyperliquid, a fast-growing decentralized perpetuals exchange, suffered a $4.9M bad debt loss from a third 2025 market manipulation attack targeting Solana-based memecoin POPCAT. - Attackers used $3M in USDC to create artificial demand via 19 wallets, triggering a 30% price drop and cascading liquidations that shifted losses to liquidity providers. - The incident highlights systemic risks in high-leverage, illiquid crypto markets, where spoofing attacks exploit thin order books and decentralized governan

Bitget-RWA2025/11/19 08:34
Hyperliquid News Today: DeFi’s High-Leverage Trading Environments Increase Systemic Spoofing Threats