- Launches Hackathon 2025 to boost app development.
- 160,000 PI prize pool announced.
- Pi Coin gains strength despite wider market downturn.
The Pi Network launched the Pi Hackathon 2025 on August 21, promoting new app development within its ecosystem, as Pi Coin gains amid broader altcoin declines.
The event’s prize pool encourages innovation, potentially stabilizing Pi Coin’s position, contrasting with the volatility seen in other cryptocurrencies.
Pi Network has officially launched its Hackathon 2025 on August 21, aimed at boosting the development of new applications. The event features a substantial prize pool of 160,000 PI coin dedicated to encouraging app innovation.
The Pi Hackathon 2025 is organized by the Pi Core Team and spans until October 15. Participants must undergo KYC checks to compete for prizes, emphasizing the network’s focus on real utility and ecosystem growth.
“This hackathon invites developers to build and launch useful Pi applications that deliver real utility and help shape the Pi ecosystem.” – Pi Core Team, Official Organizer, Pi Network
Amid the broader altcoin market declines, Pi Coin is showing resilience with a notable uptick. While official exchange volume remains unreported, community sentiment reflects optimism surrounding Pi’s ecosystem ventures. For example, recent data from Sify highlights how Pi Coin is displaying strength amidst corrections faced by other altcoins.
Financial impacts include a structured prize allocation with 160,000 PI coins. This surge aligns with previous events like Pi2Day, underscoring the hackathon’s potential to stimulate both developer engagement and native token velocity.
Historical trends identify hackathons like Ethereum’s ETHGlobal as catalysts for significant app launches. These events often lead to short-term spikes in transactions and developer engagement within their ecosystems. Pi’s event similarly promises to invigorate app activity.
Official statements place the Hackathon 2025 as a milestone event for Pi Network. However, there remains a lack of institutional VC or governmental funding disclosures, as well as on-chain data linking directly to this event’s broader market implications.
