Pi Network Has Pi Chain Mall Which Will Launch Low Transaction Fees For Sellers On Its Platform

JAKARTA The leading E-commerce ecosystem in the Pi Network, namely Pi Chain Mall (PCM) will soon provide exchange services for Pioneers. PCM is preparing to launch platform cost features for sellers.

PCM will also provide free cost services for buyers. This is intended to increase the Pi Network ecosystem in the e-commerce. PCM announced the information through its official Twitter account on May 22.

One of the PCM core members named Edwin stated that this innovation will ensure sellers can sell their products at relatively low costs and earn Pi Coin.

Not only the Pioneers will benefit from this new service. PCM will also improve the development of protocol ecology by providing incentives to the best players in its ecosystem including Volunteers, Moderators, and others. Edwin provides further explanation of the reasons why this service fee was introduced.

"The cost of this service was introduced because the development of the Pi Network ecological application requires funding, and many of the people in our team are volunteers, who serve the Pi community without fiat/crypto rewards," said Edwin.

Citing BSC News, regular e-commerce platforms, including Amazon and eBay, charge a relatively high fee for sellers on its platform from 8-45 percent. But with the new initiative of PCM, users can sell at a cheaper rate.

To make this happen, the platform will hold a vote in the coming days for Pioneers to determine the optimal costs on the PCM platform.

"When we met with the core Pi team, we asked PCT about the proportion of transaction service costs we had to take. PCT hopes we can determine the proportion through a community survey, so we will hold this vote in the coming week," Edwin confirmed the vote to BSC News.

"We will use the cost of this service to pay volunteers (including leaders of countries, designers, moderators, etc.) who have been involved in the development of Pi Chain Mall ecology for two years. Thank you to all team members and volunteers who support ecological development. We are proud to have them in the Pi community."

The platform's costs are expected to increase Pi Chain Mall's sustainability and growth. The presence of this feature, of course, developers will continue to improve platform services and support the Pi Network community.