Pi Network tests subscription smart contract as PI eyes $0.27

Pi Network activated its first subscription smart contract on Testnet on April 17, 2026. The contract adds recurring-payment capability that lets a subscriber approve a budget the contract can draw from during a defined billing period. Funds remain in the user’s wallet until a charge is executed.

The Testnet release implements on-chain recurring-payment logic that does not require full pre-funding, a difference Pi notes from account abstraction standards such as ERC-4337. The design also removes repeated signature steps used in earlier proposals like EIP-1337. Pi has published Pi Request for Comment 2 (PiRC2) on GitHub for developer review and engaged external auditors to examine the code ahead of any Mainnet rollout.

Developers and community contributors have identified target use cases including streaming services, AI tools, digital memberships, e-commerce and local commerce. The project reports more than 18 million KYC-verified users.

Mainnet timing will depend on audit findings and PiRC2 feedback. Pi’s team indicates audit results and developer input will guide any decision to move the contracts from Testnet to Mainnet.

Dr. Vincent McPhillip wrote that ‘Smart contracts bring Pi functionality closer to Ethereum’ and noted the market is watching.

On Bitget, PI traded around $0.1699. Using a Fibonacci retracement anchored to the Sept. 22, 2025 high of $0.3527 and the Feb. 6, 2026 low of $0.1297, the 0.236 level is at $0.1823 and the 0.382 level is at $0.2149. The 0.618 retracement sits at $0.2675. Horizontal support is near $0.15; a close below that level would expose the February low at $0.1297.

Technical indicators show the Relative Strength Index in the mid-40s. Trading volume declined in April. Market participants say audit outcomes, a confirmed Mainnet date and developer participation in Testnet reviews are the primary variables that could affect demand and trading activity.

PiRC2 feedback, audit reports and any announced Mainnet date are the milestones market participants will monitor to assess whether the Testnet contracts lead to broader developer adoption and increased on-chain flows.