Pay Network Update - Live Hackathon and Growing Excitement about Migration

> Highlights of the Pay Network - August 24, 2025
• The Pay Hackathon kicked off on August 21, inviting developers to build decentralized applications and specialized tools for services using Pay - teams must complete the "Know Your Customer" process to participate. The application deadline is October 15, with a registration deadline set for September 19.
• Increase in transactions on the Pay chain: Between August 22 and 23, a total of 550 million Pay was transferred in six large transactions - from 50 million to 100 million Pay per transaction - most of which came from Pay Foundation wallets. The Pay community expects this to be related to private funding or the expansion of the ecosystem.
• A second discussion about migration gains momentum: One of the community moderators hinted at the possibility of a second migration for the mainnet in 2025, aimed at enabling referral rewards and balances for validating customer data (KYC). Analysts warn that issuing too many tokens too quickly could temporarily exert selling pressure.
Quick Overview Table:
Development and Impact Visions
Launch of a hackathon encouraging applications based on Pay; participation of developers
Large transfers refer to the movement of funds; they may indicate the construction of the ecosystem.
Migration Speculations: Potential Increase in Liquidity - But Watch the Market Impact
Disclaimer: This is not financial advice. Please always make your own decision before making any decisions.
Your opinion:
Does the hackathon and the enthusiasm for the migration of BAI help regain its strength, or will the token launch increase pressure on the price? Share your opinion!
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