Pi Network is attracting attention as part of its ecosystem expansion, celebrating its first Pi Day after the open network launch, with the .pi domain auction being a key focus. This time, we will provide detailed information based on the announcements made on Pi Day, March 14, 2025, regarding the latest updates on Pi Network, the status of the domain auction, and the future of the developer program.
Summary Article (from official website)
https://minepi.com/blog/pi-domains-faqs/
Domain Policy
https://minepi.com/auction-domain-name-issuance-disclosure-and-policy/
Learn more about domains here
Pi Network’s .pi Domain Complete Guide: From How to Buy to Auction Tips
Current Status of Pi Network Domain Auction
In the Pi Network domain auction, over 200,000 bids have already been placed, with over 40,000 unique bidders participating. This number clearly indicates the high level of community interest in acquiring domains.
Currently, over 2.9 million Pi are actively being used for bidding in the auction, demonstrating the 활발한 economic activity within the Pi Network ecosystem.
New Domain Auction Policy
Pi Network recently announced a new policy document regarding the domain auction. This document also includes answers to frequently asked questions, making it easier for users to understand the auction process.
“The domain auction is one of the important economic activities within the Pi Network ecosystem, providing community members with the opportunity to acquire unique domains for their apps and services.”
Improved Application Compatibility and Convenience
Pi Network’s .pi domains operate within the Pi Browser, and over time, other wallets and browsers may integrate this functionality. For compatibility with traditional browsers (like Chrome and Safari), all .pi domains will also function through the extension “.pinet.com”.
Browser Compatibility
For example, if a domain is “joe.pi” within the Pi Browser or a compatible third-party service, it can also be accessed as “joe.pinet.com” through any browser. However, there is no guarantee or promise that .pi domains will be adopted by traditional browsers.
How Domain Auction Revenue Will Be Utilized
The revenue generated from the domain auction will play a crucial role in the development of the Pi Network ecosystem. Specifically, it is planned to be utilized for the following purposes:
- Supporting the developer program
- Hosting events
- Providing support to app developers
Through these initiatives, the Pi Network ecosystem is expected to become even more enriched, and the number of valuable services for users is anticipated to increase.
Benefits for Developers
Developers who complete the PiNet migration by May 28, 2025, and develop Pi community apps that comply with the ecosystem listing guidelines will receive the benefit of being able to secure a domain without bidding. This is an expression of gratitude to developers who have contributed early to the Pi Network ecosystem and a measure to enhance the value of their apps and services.
Bidding on Multiple Domains
Users can bid on multiple domains simultaneously. This expands the opportunity to secure the optimal domain for their project or business.
Important Auction Dates and Notes
Auction End Date
The current domain auction is scheduled to end on June 28, 2025 (Pi2day). If you are interested in a domain, you need to complete your bid by then.
Final Bid Rules
If a bid is placed just before the auction ends, specifically within the final 24 hours, or if a winning bid is lowered or canceled, the auction period for that domain will automatically be extended by 24 hours. This ensures a fair auction process.
Domain Ownership Transfer
The process for transferring ownership of domains won in the auction is also explained. Winning bidders will acquire ownership immediately after the auction ends and may be subject to potential future annual registration and maintenance fees similar to traditional internet domain fees.
Future Outlook
Pi Network also mentions future considerations regarding domains, and winning bidders may be subject to potential future annual registration and maintenance fees similar to traditional internet domain fees.
The Pi Network ecosystem continues to grow steadily, and the domain auction is a significant part of it. For developers and users, these domains are expected to hold value beyond just a web address, becoming important assets in Pi Network’s decentralized economy.
Summary
The Pi Network domain auction is showing excitement beyond expectations, with active community participation. Over 200,000 bids and an active bid amount of over 2.9 million Pi are a testament to the trust and expectation in the Pi Network ecosystem.
Pi Network continues to grow steadily, with initiatives like strengthening the developer program and improving application convenience. Further developments are expected towards the auction end date of June 28, 2025. We recommend keeping an eye on the latest Pi Network information.