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Pi Network’s Core Team Successfully Tests Tax Base for PiCoin Transactions on Blockchain Pi

Terfa Ukende
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In a significant development for the Pi Network community, the core team has conducted successful RUN tests for the “tax base” mechanism governing PiCoin transactions on the Blockchain Pi. This milestone marks a crucial step forward in the evolution of Pi Network’s decentralized ecosystem, demonstrating the team’s commitment to transparency and innovation.

The “tax base” mechanism is designed to govern tax fees and tax pools associated with PiCoin transactions, ensuring the sustainability and stability of the Pi Network economy. Through rigorous testing and optimization, the core team has validated the functionality and effectiveness of this mechanism, paving the way for its integration into the Pi Network Mainnet.

The tax base mechanism operates on the Blockchain Pi, where each transaction is assigned a unique code known as “Codigo.” This code serves as an identifier and representation of purchase transactions within the Pi Network ecosystem, facilitating transparent and secure transactions for users.

As Pi Network prepares for the launch of its Mainnet, the successful testing of the tax base mechanism represents a significant milestone in the project’s development. With a focus on community-driven governance and innovation, Pi Network continues to push the boundaries of what is possible within the realm of decentralized networks and digital currencies.

About Pi Network

Pi Network is a decentralized cryptocurrency project founded on the principles of inclusivity, accessibility, and innovation. With a mission to create a more equitable and transparent financial system, Pi Network empowers individuals to participate in a global digital currency network. Through its commitment to community-driven governance and technological advancement, Pi Network is shaping the future of decentralized finance. Read Similar Story

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