SMART CONTRACTS V23 ||| PI NETWORK

• The V23 upgrade introduces smart contracts, enabling Pi DEX and liquidity pools for decentralized trading and rewards. • Pi Hackathon 2025 has attracted 173 dApps, with a deadline of October 15, vying for a prize of 160,000 Pi. • Advanced KYC with photo ID and facial recognition is implemented to ensure network security and user identity. • This update aims to build a secure, user-friendly and more functional digital economy ahead of the full mainnet launch. ________________________________________ Pi Network is preparing for a major upgrade with the V23 protocol. This update brings smart contracts to the forefront of its ecosystem. This update is critical, as all Pi apps depend on V23 to function fully. The developers actively met with the Core Team every week to ensure a smooth rollout. Once V23 goes live, users will have access to Pi DEX and liquidity pools. This makes decentralized trading and earning rewards simpler and more profitable. Unlike centralized exchanges, these features allow users to store their Pi tokens within the ecosystem, while still benefiting from trading incentives and liquidity. Pi DEX and Liquidity Pools With the V23 update, Pi Network emphasizes decentralized finance (DeFi) through its DEX and liquidity pools. Users no longer need to transfer their Pi tokens to external exchanges to trade. In contrast, DEXs and liquidity pools provide the ultimate platform of choice for maximizing rewards. The move aims to strengthen Pi's internal economy while offering higher incentives for active participants. This update is expected to drive demand for Pi, as users increasingly choose on-chain solutions that offer more control and flexibility over their tokens. The momentum of the Pi Hackathon 2025 Hackathon is also creating excitement as the final submission deadline approaches on October 15th. The event has attracted 173 dApps, with 73 of them added recently. This reflects the rapid growth in the Pi ecosystem. Participants compete for a share of 160,000 Pi in prizes. This encourages innovation and creativity within the network. Hackathons like this not only highlight the project's technological advancements, but also engage the community in shaping the future of the Pi Network. V23 smart contract support allows these dApps to leverage more complex functionality, offering a better user experience and more powerful applications. KYC and Network Security Security remains a top priority for Pi Network. The project uses an advanced KYC system that combines photo ID verification with facial recognition to ensure all users are genuine. This AI-based process protects millions of Pioneers while preserving privacy. Personal data is encrypted and controlled exclusively by the user, which prevents unauthorized access. Layered security measures protect transactions and the Pi wallet from fraud. A strong emphasis on identity verification and digital trust ensures that the ecosystem remains secure. This is important as the network moves towards a full mainnet launch. Building a Trusted Digital Economy By combining V23 smart contracts, a decentralized trading platform, and strict KYC protocols, Pi Network positions itself as a secure and user-friendly digital economy. Verified and active users contribute to a more reliable network. This fosters trust in transactions and community growth. As Pi prepares for mainnet and continues to expand its offerings, this update underscores the project's commitment to transparency, security, and decentralization. Pioneers can expect a stronger, more functional network that rewards participation, while ensuring security and reliability across all operations. The upcoming launch of V23, combined with the Hackathon and enhanced security measures, marks a watershed moment for Pi Network. This shows the project's dedication to building a strong and decentralized ecosystem. In it, users maintain control and participate actively, taking advantage of the increasingly sophisticated blockchain environment.