The Pi Network Core Team, led by co-founder Chengdiao Fan, has detailed its new initiative for community-created Pi ecosystem tokens. These tokens are designed to focus on real utility for acquiring users and integrating with products, differing from traditional capital-raising models. The team states the tokens are finalizing their Mainnet launch after being released on Testnet, aiming to provide a more sustainable structure for blockchain projects.
The Pi Network Core Team continues to introduce new ecosystem initiatives despite criticism from parts of its community. Co-founder Chengdiao Fan recently explained the purpose of newly introduced Pi ecosystem tokens in a detailed video.
These community-created tokens, issued on Pi, have been released on the Testnet with their Mainnet launch being finalized. Fan emphasized that their design, rather than just security, is intended to set them apart from typical crypto tokens.
“Tokens on most other crypto networks function primarily as tools to raise capital. Yet, despite this approach, most projects frequently fail to provide real utility and innovation. We see this as a structural problem,” she stated. The network is positioned differently to allow users to integrate crypto tokens directly for products and innovations.
Fan explained that the system strongly encourages real utility as the main driver for long-term stability. Projects can use these tokens through launch programs to acquire users for their products and integrate the tokens for utility-based use cases.
This approach allows startups to reduce costs by using Pi Network‘s Web3 tools while involving users in their projects. Acquired users will be able to hold products accountable, which Fan said ensures users get value as weaker products naturally disappear over time.
“Pi ecosystem tokens are not about copying existing token models. In fact, we have deliberately sought to avoid the traditional approach,” Fan concluded. She noted that many Web3 problems stem from traditional token design, a design that will evolve as it gets iterated in practice.
