On Friday, Pi Network, the innovative blockchain-based platform, launched its .pi domain auction, which will enable users to bid for unique domain names.
The company also released a comprehensive policy document detailing compliance measures, ownership regulations, and dispute resolution frameworks.
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According to Pi Network, the domain allocation follows a structured auction process. Participants submit their preferred domain names, which then enter an open bidding phase where the highest bidder secures registration rights. “This process aligns with industry standards and legal regulations,” the company stated.
Compliance and dispute resolution
To safeguard intellectual property rights, Pi Network has outlined an appeal mechanism for trademark holders. “If a trademark holder believes that a registered domain name infringes upon their rights or constitutes domain squatting, they may file an appeal,” the platform announced.
The dispute resolution process follows established industry frameworks like the Uniform Domain Name Dispute Resolution Policy (UDRP).
The company further retains the right to reclaim or suspend domains in cases of trademark infringement, bad-faith registration, or policy violations. Legal actions may be taken based on court orders or through formal dispute resolution proceedings.
“Issuer provides domain name registration services ‘as is’ and makes no warranties regarding availability or legal status,” the policy states, emphasising that registrants assume all risks associated with domain ownership.
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The auction has witnessed massive participation from Pi Network’s community. According to their statistics, over 200,000 bids have been placed, with more than 40,000 unique bidders and 95,000 domains receiving active bids. Additionally, the total bid value has surpassed 2.9 million Pi, with the highest bid currently at 30,000 Pi.
Following the Open Network launch, Pi Network also noted the success of its first PiFest event. “It was inspiring to see Pioneer shoppers and local merchants around the world demonstrate the expanding utility of Pi!” the company shared on its official X handle.
Pi Network’s future prospects
The .pi Domains Auction is still ongoing, and interested participants are encouraged to visit the Pi mining app for further details.
The platform aims to expand Pi’s role in real-world commerce and digital interactions, leveraging blockchain technology for branding, accessibility, and decentralised online services.