PaiCoin Web3 platform launched! Identity verification mechanism revolutionizes traditional blockchain gameplay

Pi Network core team announces the launch of a new Web3 developer platform focused on identity verification and trust-based infrastructure. The platform offers analytics, security development tools, and cloud scalability solutions aimed at accelerating the development of real-world decentralized applications. Pi Network has over 50 million users and is currently transitioning to full mainnet functionality. This release marks a key step in its transformation from a mobile mining app to a comprehensive blockchain ecosystem.

Pi Web3 Platform Disrupts with Trust as Priority

The Pi core team states they are developing a brand-new Web3 developer platform designed to build the next generation of decentralized applications. The goal of this project is to establish an open and verified ecosystem where developers can create more secure and trustworthy blockchain products. Unlike traditional permissionless systems, Pi focuses on identity verification.

This approach aims to limit fraud, enhance compliance, and create a safer environment for users and developers. Pi positions this model between open decentralization and pragmatic regulatory standards. This is the biggest difference between Pi and other blockchain platforms: most blockchains pursue complete anonymity and permissionless access, while Pi adopts a “verifiable identity” foundation.

On traditional blockchains like Ethereum or Solana, anyone can create wallets anonymously and interact with smart contracts. While this openness embodies decentralization, it also opens doors for scams, money laundering, and bot attacks. Pi’s identity verification requires users to pass KYC (Know Your Customer) processes, ensuring each account is linked to a real person.

The advantage of this design is effectively preventing Sybil attacks, where a single entity creates many fake accounts to manipulate the network. In scenarios like airdrops, voting, or fair distribution, identity verification ensures “one person, one vote” or “one share per person.” Additionally, verified identities make tracing and accountability possible in cases of scams or disputes.

However, this model also faces challenges. A significant portion of crypto communities highly value privacy and anonymity, and may be reluctant to reveal their true identities. Pi’s strategy targets different user groups: not those seeking complete anonymity, but mainstream users who want to use blockchain technology in a secure and trustworthy environment.

Three Core Tools of Pi Developer Platform

The platform includes a suite of tools related to secure application development. These tools assist developers with smart contracts, user permissions, and transaction integrity. The goal is to reduce technical risks and make the deployment of decentralized applications (DApps) more reliable, suitable for large-scale use.

Security Development Toolkit: Pi offers smart contract auditing tools, vulnerability scanning, and security testing frameworks. These help developers identify and fix potential security issues before deployment. On traditional blockchains, once a smart contract is deployed, it cannot be modified, and any vulnerabilities could lead to catastrophic losses. Pi’s security toolkit reduces this risk.

User Permissions Management System: Based on identity verification, Pi provides fine-grained access control. Developers can set different permission levels, such as allowing only KYC-verified users to access certain features or offering differentiated services based on user reputation scores. This flexibility enables DApps to design more complex business logic.

Cloud Analytics and Scalability: Pi also introduces built-in analytics and scalable cloud computing features. Developers can access user activity, transaction flows, and performance metrics on the platform. These data help optimize user experience, identify bottlenecks, and make data-driven decisions. Cloud infrastructure ensures DApps can scale smoothly as user numbers grow.

Pi’s 50 Million User Base and Strategic Value

Pi has over 50 million users and is still transitioning to full mainnet functionality. This large user base is Pi’s most attractive feature for developers. For DApp developers, the biggest challenge is often user acquisition rather than technical development. Launching a DApp on Ethereum or other blockchains requires extensive marketing and time to attract users, which can be costly.

Pi offers a ready-made pool of 50 million users. While it’s uncertain how many are active and willing to use DApps, even a 1% conversion rate means 500,000 potential users. This scale effect makes Pi’s platform uniquely appealing to developers.

This stage will also be supported by the developer platform, fostering ecosystem growth and expanding real-world applications across industries. Pi is driving its transition from a “mobile mining app” to a “full blockchain ecosystem,” with the developer platform being a core component. Only when third-party developers start building valuable applications on Pi can it demonstrate its true value as a blockchain platform.

Can Pi Become the Trust-First Standard in Web3

This release demonstrates Pi’s ambitious vision of becoming a trust-first layer in Web3. With identity verification and scalable tools, Pi aims to stand out among many blockchain providers and bring decentralization concepts into mainstream adoption. This positioning differentiates it from existing platforms like Ethereum and Solana.

A trust-first strategy may have unique advantages in certain scenarios. For example, DeFi (Decentralized Finance) has been plagued by scams and Rug Pulls; if Pi can reduce these risks through identity verification, it could attract more conservative users and institutions. Social applications could also benefit from verified identities, reducing spam, bots, and fake accounts.

However, Pi also faces challenges. First, its technology maturity—its mainnet is still in transition, and full features are not yet live. Second, the developer ecosystem is still forming; it’s unclear how many top development teams are willing to build on Pi. Third, token economics—Pi’s token value and liquidity remain limited, which could impact developer incentives.

In the long run, Pi’s success depends on attracting killer applications. If a highly successful DApp is built on Pi, it will prove the platform’s value and attract more developers.