Pi Network may be in compliance risk on the Apple Store
Having covered an article recently highlighting that Brave Browser has been striked with Apple Store compliance issues leading to Brave taking away the capabilities of its iOS application to tip other users and be rewarded with BAT (Basic Attention Token) for their activities. With Pi Network's current core feature based around the rewarding capability, and its users being rewarded PI tokens for their daily engagement we will explore the risks coming from the recent compliance strikes by Apple.
- With the main feature of Pi Network being currently the first digital miner which you can mine effortlessly on your mobile phone by simply tapping an 'activate' button every day when prompted, the application is soon to offer the ability of its users (who passed KYC) to use those mined tokens to spend on Pi Apps and within those Pi Apps, to later at some point in the next year roll out its mainnet and offer transfers of those tokens.
- With the popularity of cryptocurrency in the 2020s catching up to the hypes of 2017s Pi Network has noticed a remarkable climb in terms of App Store statistics, currently being listed as the 31st most popular Social Networking app, which is most likely starting to put the app on the radar of Apple.
- The biggest risk from Apple is of potentially striking Pi Network with a breach of Guidelines section 3.2.2 which simply put prevents apps from rewarding its users with something loosely termed as "tasks for cash", unless of course Apple gets a fair cut out of the process.
- Furthermore, with Pi Network offering a tipping service which if recalled correctly was to tip a very small amount of the Pi token to the developers/contributors. This is another key guideline which could be potentially in breach of with section 3.1.1 which focuses on preventing apps from allowing services to tip other person, company or a service unless what is being transferred originates from Apple in-app purchase.
- Although Pi Tokens are not currently convertable to cash, this is set to change with the release of Pi Network mainnet which will see the token go into a price discovery and according to the current plans all the users who go through the KYC process will be able to transfer the funds out of the app.
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This post was originally posted on publish0x
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