Pi Network releases an opinion solicitation draft for PiRC2, opening contract review for the testnet subscription

Pi Network’s core team released the second Pi Request for Comment draft (PiRC2) on April 23, announcing the opening of mainnet test network subscription smart contracts for technical review and community feedback, and inviting developers to test subscription feature integration, review contract design, and identify potential vulnerabilities. As of the time of the report, the PI token was about $0.17, unchanged from the previous day.

Background on the PiRC2 Release: Progress on the Smart Contract Test Network

(Source: GitHub)

According to a April 23 announcement by Pi Network’s core team, PiRC2 is a further step after the smart contract functionality’s launch on the test network earlier this month, opening subscription smart contracts for community technical review. In the announcement, Pi Network proposed three objectives for developer participation:

· Application integration of the subscription feature

· Review of contract design

· Testing potential vulnerabilities or extreme scenarios

The announcement quotes: “Imagine that e-commerce, streaming media, online tools, and more are all driven by on-chain technology.”

Previously, the protocol v20.2 upgrade would be completed before March 14, 2026 (Pi Day), laying the technical foundation for smart contract functionality.

Community Reactions: Pros and Cons

According to a public post on the X platform, user Chen2Weels said that with the release of PiRC2, developers “will finally be able to test and deploy on their own applications,” and added: “I also hope to see community participation in similar development projects in other areas as well.”

Some other community members pointed out in public discussions that the KYC identity verification backlog and the mainnet migration progress are issues that still need to be resolved.

PI Token Market Data

According to market data, as of the time of the report, the PI token was about $0.17, unchanged from the previous day. Since the PI token hit a historical high of about $3 at the start of 2025, the cumulative decline has been about 94%. In mid-March 2026, after Kraken announced support for PI token trading, PI briefly rose to a multi-month high of about $0.30.

FAQ

What is Pi Network’s PiRC2, and when was it released?

According to Pi Network’s core team announcement, PiRC2 (the second Pi Request for Comment draft) was released on April 23. It aims to open mainnet test network subscription smart contracts for technical review and community feedback, including testing subscription feature integration, reviewing contract design, and testing for vulnerabilities.

What is the PI token’s current market performance?

According to market data, as of the time of the report, the PI token was about $0.17, unchanged from the previous day, representing a cumulative decline of about 94% from its historical high of about $3 at the start of 2025; after Kraken was listed in mid-March 2026, PI briefly rose to about $0.30.

What is the current development progress of Pi Network’s smart contract functionality?

According to Pi Network’s core team announcement, the protocol v20.2 upgrade was completed on March 14, 2026, and the first smart contract functionality was launched on the test network earlier this month. On April 23, PiRC2 was further released to open subscription smart contracts for technical review.