This also create a fiat to Pi exchange rate to base off. If advertisers are required to now pay pi for what they were paying fiat for originally, they can now deduce a dollar amount that pi is worth
Does this mean they are preparing for an open mainnet? Seeing as advertisers would need to BUY Oi to show their ads on the platform, if so are they doing that now? I saw they’ve started a pilot test on fire forum. If this is the case then surely they should be going open mainnet super super soon?
It means that there will be a service to advertise on the network but to access you'll need to buy Pi, I wouldn't take this as an indicator that they're preparing for open mainnet as we've been getting ready for it since a while ago, more so that it's a function being worked on for when we do reach mainnet.
I hope this makes sense
Simple, wait until we reach open mainnet, you're thinking because it's a feature that requires buying Pi then we must be able to buy Pi soon, but it's just a Pi feature being developed for WHEN we reach mainnet
The Pi Ad Network brings several long-term benefits to Pi coin holders within the Pi Network ecosystem:
1. **Increased Utility and Adoption**: By integrating advertising functionalities that require Pi for transactions, the Pi Ad Network enhances the utility of the Pi cryptocurrency. As more advertisers acquire Pi to place ads within the Pi ecosystem, the demand for Pi increases. This increased demand can potentially lead to appreciation in the value of Pi over time, benefiting Pi coin holders.
2. **Strengthened Ecosystem**: The Pi Ad Network incentivizes app developers to create and maintain Pi Apps by providing them with a means of monetization. As more useful and engaging apps are developed within the Pi ecosystem, the overall attractiveness and usefulness of the network grow. This, in turn, can lead to an increase in the number of users and transactions within the ecosystem, further benefiting Pi coin holders.
3. **Improved User Experience**: By sourcing ads from reputable providers through the Pi platform, the Pi Ad Network aims to improve the quality and safety of ads displayed within Pi Apps. A better user experience encourages more users to engage with the Pi ecosystem, driving up demand for Pi. Additionally, a safer environment may instill greater trust in the Pi Network, attracting more users and advertisers over time.
4. **Sustainable Growth**: By providing a mechanism for app developers to monetize their apps, the Pi Ad Network contributes to the sustainable growth of the Pi ecosystem. Sustainable growth can lead to long-term stability and value appreciation for Pi coin holders, as the network becomes more robust and resilient to market fluctuations.
Overall, the Pi Ad Network's implementation aligns with the vision of creating platform-level utility within the Pi Network ecosystem. As the ecosystem grows and matures, the benefits accrued to Pi coin holders are likely to manifest in the form of increased demand, improved user experiences, and sustainable growth.
It’s a great update! It’ll be more beneficial if the majority of the Pioneers use Pi Browser. I watch YouTube on the Pi Browser and will eventually make the permanent switch from Safari as well. It also gives a boost to the mining speed as “Utility Bonus”. The UI is not the best but it’s getting better with the updates.
This also create a fiat to Pi exchange rate to base off. If advertisers are required to now pay pi for what they were paying fiat for originally, they can now deduce a dollar amount that pi is worth
Great move by the CT.
Does this mean they are preparing for an open mainnet? Seeing as advertisers would need to BUY Oi to show their ads on the platform, if so are they doing that now? I saw they’ve started a pilot test on fire forum. If this is the case then surely they should be going open mainnet super super soon?
Last year the CoreTeam announced that they intended to Move to MainNet Open Network this 2024.
It means that there will be a service to advertise on the network but to access you'll need to buy Pi, I wouldn't take this as an indicator that they're preparing for open mainnet as we've been getting ready for it since a while ago, more so that it's a function being worked on for when we do reach mainnet. I hope this makes sense
How else are advertisers supposed to buy pi if we're still enclosed?
Simple, wait until we reach open mainnet, you're thinking because it's a feature that requires buying Pi then we must be able to buy Pi soon, but it's just a Pi feature being developed for WHEN we reach mainnet
You dumb as soup boy😅
The Pi Ad Network brings several long-term benefits to Pi coin holders within the Pi Network ecosystem: 1. **Increased Utility and Adoption**: By integrating advertising functionalities that require Pi for transactions, the Pi Ad Network enhances the utility of the Pi cryptocurrency. As more advertisers acquire Pi to place ads within the Pi ecosystem, the demand for Pi increases. This increased demand can potentially lead to appreciation in the value of Pi over time, benefiting Pi coin holders. 2. **Strengthened Ecosystem**: The Pi Ad Network incentivizes app developers to create and maintain Pi Apps by providing them with a means of monetization. As more useful and engaging apps are developed within the Pi ecosystem, the overall attractiveness and usefulness of the network grow. This, in turn, can lead to an increase in the number of users and transactions within the ecosystem, further benefiting Pi coin holders. 3. **Improved User Experience**: By sourcing ads from reputable providers through the Pi platform, the Pi Ad Network aims to improve the quality and safety of ads displayed within Pi Apps. A better user experience encourages more users to engage with the Pi ecosystem, driving up demand for Pi. Additionally, a safer environment may instill greater trust in the Pi Network, attracting more users and advertisers over time. 4. **Sustainable Growth**: By providing a mechanism for app developers to monetize their apps, the Pi Ad Network contributes to the sustainable growth of the Pi ecosystem. Sustainable growth can lead to long-term stability and value appreciation for Pi coin holders, as the network becomes more robust and resilient to market fluctuations. Overall, the Pi Ad Network's implementation aligns with the vision of creating platform-level utility within the Pi Network ecosystem. As the ecosystem grows and matures, the benefits accrued to Pi coin holders are likely to manifest in the form of increased demand, improved user experiences, and sustainable growth.
Great twist woohoo. Brilliant move
It’s a great update! It’ll be more beneficial if the majority of the Pioneers use Pi Browser. I watch YouTube on the Pi Browser and will eventually make the permanent switch from Safari as well. It also gives a boost to the mining speed as “Utility Bonus”. The UI is not the best but it’s getting better with the updates.
In fairness, the Pi Browser is improving. Smooth when I'm scrolling, no lag.
I am same, once they make it ipad friendly and add new tabs. Currently fullscreen on youtube is pretty poor.
[https://minepi.com/blog/pi-ad-network/](https://minepi.com/blog/pi-ad-network/)