Pi Network launched PiRC1 on April 22 under Protocol V22, requiring any project seeking to issue ecosystem tokens to demonstrate a real, functioning application with genuine user demand before launch.Token proceeds under PiRC1 are routed to permanent liquidity pools rather than directly to project teams, adding a structural safeguard against misuse of raised funds.The framework arrives alongside an April 27 node upgrade deadline for Protocol 22, with full smart contract functionality expected to follow under Protocol 23 in May.