Important clarifications for all PI users, developers and investors: details

TL; D

• The team behind the project reiterated some of the most important details of the recently launched PI Network Ventures, which is planning to invest $ 100 million in “innovative” startups.
• The large amount is kept in both the US dollar and PI codes.

PI network projects: details

Everything began with a mysterious tweet, but ten days ago when the official X account behind the project said that the big advertisement would happen on May 14. The community did not praise the speculation, but its first probability – based on Binance – did not pay its fruits.

The actual announcement showed the creation of a dedicated investment fund called Pi Network Ventures, which will distribute up to $ 100 million on startups and companies that “offer, adopt and impact PI.”

Details behind the new initiative, which the team published earlier this week, but repeat In a more modern post, it was noted that it was established through the PI, which is “an organization without a owner aimed at directing the long -term development of the PI”. Pi Holdings comes in the new box of 10 % of the icons intended for the foundation reserves.

The main goals of PI projects are three times, but in essence, they aim to take advantage of “builders and companies, and most importantly, the global community of pioneers:

Pi enhancement benefitSupport startups and companies that integrate PI into their products, services and customer experiences.

Empowering more world production on the PI network: Get more production operations in the real world, whether in the form of applications, transactions or companies, on PI by investing early in startups and companies that create such operations.

PI brought to the real worldEnables the use of realistic life and applications that show the unique value of PI as a widely distributed encoded and accessible currency.

Investors coming from startups in the early stage will go to the financing rounds from the series B and beyond, and the post continues.

How do you differ?

The advertisement has identified two main reasons behind the difference of PI network projects on the programs of the ecosystem for other encrypted currency. First, he said that the PI alternative will focus heavily on “public technology sectors, including artificial intelligence applications and male intelligence, Fintech, compact payments, e -commerce platforms, markets, social networks, consumer applications in the real world and institutions applications.”

Second, all its operations are supposed to reflect the practices of the traditional VC companies in the Silicon Valley in the way in which its sources will invest, selection, and veterinarians.

The team also noted that the pioneers (investors who hold the PI icon) will benefit because the new initiative will create a greater benefit for the original, promoting the ecosystem, and stimulating high -quality integration.