Pi Network Announces Fireside Forum, A New Web3 Social With Pi Cryptocurrency

Key Points:

• Fireside Forum is a Web3 social platform that uses tokenomics to encourage positive social interactions and behavior online.
• Pi Network‘s vision with Fireside Forum is to revolutionize social interactions online by addressing societal issues and unlocking the full potential of the digital world.

Pi Network announces Fireside Forum, a Web3 social platform integrating tokenomics to foster authentic, constructive, and healthier online social interactions. Powered by Pi cryptocurrency.

The Forum aims to foster authenticity, constructive conversations, and healthier online social interactions. The tokenomics mechanism, powered by Pi cryptocurrency, allows Pioneers to create and organically curate content, and moderate behavior, providing the community with tools to manage the online environment in a decentralized way.

The forum intends to solve current popular Web2 social network issues using blockchain-powered technology to design the future of Web3 social experience. Pi team believes that a true Web3 social network should make advancements and improvements on the flaws of many Web2 social networks, such as propagating misinformation and disinformation, trolling, internet violence, information overload, low signal-to-noise ratio, information silos due to overuse of machine learning algorithms, etc.

Pi Network has been creating innovative designs and products to differentiate from Web2 in all three facets, ownership, distribution, and social interactions and experience. Fireside Forum was built based on Pi’s vision of how Web3 should work, prior academic research on issues of social networks and online behavior, and their own hypotheses about how blockchain and cryptocurrencies can mitigate such issues in the old web.

By revolutionizing social interactions online, Pi Network aims to foster a healthier and more responsible digital environment where people can engage in meaningful exchanges, be well-informed, and positively impact the global community. Reinventing our social interactions online is a matter of improving user experience, addressing broader societal issues, and unlocking the full potential of the digital world.

The design uses costs, rewards, disincentives, and intrinsic and extrinsic motivations. It strikes a balance among all of them to achieve its goals of improving online social interactions. Fireside Forum is another testament to Pi team’s commitment to developing utility-focused applications, where blockchain technology and cryptocurrency are used to solve real human needs, create innovations addressing larger social problems, and facilitate meaningful human connections worldwide.

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