Pi Network is reinforcing its utility-first vision with a new framework designed to ensure ecosystem tokens are tied to real applications, not speculation. On February 27, co-founder Chengdiao Fan introduced the PiRC1 proposal in a detailed video shared through official Core Team channels.
The timing is notable. The update comes just after the first anniversary of Pi’s Open Network launch, signaling what the team describes as the next phase of ecosystem growth. The message is simple: tokens must power working apps, support real users, and contribute measurable value to the network.
Utility Over Speculation
Under the proposed PiRC1 structure, ecosystem tokens will be community-created assets built on the Pi blockchain, but with stricter entry requirements.
Unlike many token launches across Web3, Pi’s framework requires projects to have a functioning product before issuing a token. In other words, no live app means no token launch.
Fan emphasized that the focus is “not on tokens for their own sake.” Instead, tokens are meant to accelerate user acquisition, engagement, and service delivery. This product-first rule aims to prevent empty launches that prioritize fundraising over functionality.
A Different Liquidity Model
Another major shift involves how funds are handled. Instead of sending token proceeds directly to project teams, the framework proposes routing committed Pi into permanent liquidity pools.
According to the Core Team, this design serves three purposes:
- Strengthen token stability
- Reduce the risk of fund misuse
- Align long-term incentives within the ecosystem
By separating fundraising from direct project control, Pi is attempting to introduce a structural safeguard rarely seen in typical token launches.
Accountability and Real Use Cases
Projects launching ecosystem tokens must clearly define real-world use cases. Tokens should function as tools within apps, not stand-alone financial instruments.
Because Pi’s network consists of KYC-verified users, the team believes builders will operate under greater accountability compared to anonymous blockchain environments. This added layer of transparency is intended to push developers toward delivering real, usable products rather than speculative concepts.
Importantly, PiRC1 is not final. The proposal has been released publicly for feedback via GitHub and Google Forms through March.
This open review approach reflects Pi Network’s community-driven identity. Alongside upgrades to migration systems and developer tools, the new token framework highlights the network’s broader objective: scale through utility, not hype.
Whether this structured model succeeds will ultimately depend on developer adoption and consistent execution in the months ahead.
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FAQs
PiRC1 is a new framework requiring ecosystem tokens on Pi to be tied to a working real-world application, aiming to prioritize utility and long-term value over market speculation.
Token proceeds would go into permanent liquidity pools instead of directly to teams, helping stabilize tokens and limit misuse of raised funds.
Only projects with a working app and clear real-world use case can launch tokens, ensuring higher quality and stronger accountability.
PiRC1 is still a proposal. The Core Team has opened it for community feedback before finalizing the framework.
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