What is a Pi Domain and How Does It Work? – Introduction
How to Buy and Use a Pi Domain in Pi Network – A Pi Domain is a domain name that can be used to host applications, websites, and services on the Pi Network blockchain, similar to traditional domains like .com and .net. However, the Pi Domain system is decentralized and operates on a peer-to-peer (P2P) network using blockchain technology.
How to Purchase a Pi Domain?
Anyone, whether an individual or a company, can own a Pi Domain and use it for app development, websites, online stores, or other use cases. Currently, Pi Domains can be acquired through auctions on the Pi Network browser app. You will own a Pi Domain if you place the highest bid by the end of the auction.
Pi Domain Auction
To participate in a Pi Domain auction, you need to meet the following requirements:
- Your Pi account and wallet must have already migrated to the Mainnet.
- You must have enough Pi coins available to place bids.
Step-by-Step Guide to Buying a Pi Domain
Open the Pi App and navigate to “Pi Domain Auction” or visit domains.pinet.com using Pi Browser.
Read the terms and conditions, then click “Go to Auctions.”
Log in to your Pi Network wallet.
Enter the desired domain name you want to bid on, then click “Search.”
- Set your bid amount, then click “Bid.”
- The minimum bid starts at 10 Pi if no previous bids exist.
- If there is an existing bid, the minimum increment is 0.1 Pi.
- For example, if another bidder placed 10 Pi, your new bid must be 10.1 Pi or more.
To confirm your bid, click “Place Bid.” The bid amount plus a 0.01 Pi transaction fee will be deducted from your wallet.
Bid Confirmation and Errors
- After placing your bid successfully, a confirmation message will appear.
- If you receive an error message in red, it may be due to:
- Another bidder placing a higher bid before you.
- Insufficient Pi balance in your wallet.
- Using a wallet that is not linked to a migrated Mainnet account.
Checking Your Bidding History
- After bidding, you can view the auction status in the “Bid History” section.
- The crown icon represents the highest bidder at any moment.
- To cancel a bid and refund your Pi, click “Cancel” next to “Your Current Bid”, then confirm by clicking “Cancel Bid”.
- Your bid amount will be refunded to your wallet, excluding a 0.01 Pi transaction fee.
- To monitor your active bids, go to “My Bids”.
Why Own a Pi Domain?
Owning a Pi Domain is a valuable investment opportunity if you plan to create a website, application, or online store within the Pi Network ecosystem. It allows
you to secure a unique and early domain name, which may become highly valuable as the Pi Network grows.
How to Use and Activate a Pi Domain?
A Pi Domain can be linked to hosting services that support blockchain-based domains, such as Namecheap. However, at present, Pi Domains cannot be accessed through regular browsers unless specific configurations are applied.
Once your auction is complete and you own the domain, you can manage it via the domain settings panel. Remember that Pi Domains require annual renewal
fees, so ensure you renew it to prevent domain expiration and loss.
Final Thoughts
A Pi Domain is an exciting opportunity to build an online business, accept Pi payments, or secure a unique digital identity. Additionally, you can buy premium domain names and sell them later for profit, especially if the name matches a well-known brand or company.
If you have any questions about How to Buy and Use a Pi Domain in Pi Network, let us know in the comments below!
