Pi Network's PiDaoSwap Aims to End Price Manipulation
1min read The pi Network community is actively developing PiDaoSwap, a decentralized exchange (DEX) aimed at mitigating price manipulation by external exchanges. This initiative is part of the community's broader effort to achieve financial independence and ensure that the PI coin's price accurately reflects its true market value.
PiDaoSwap is currently in the final stages of development and is expected to launch on the Pi Network mainnet. The platform will provide a multi-functional DEX that will help to eliminate the distortions caused by third-party platforms. According to Pi Network VietNames, a community-driven profile, once PiDaoSwap is completed, the PI coin's price will no longer be manipulated by external exchanges, thereby reflecting its true value.
Despite being in the final stages of development, PiDaoSwap is awaiting Know Your Business (KYB) approval from the Pi core team before it can officially launch. The platform has already secured Twitter’s organizational verification, indicating significant progress in its development. However, the community has expressed frustration over the alleged use of bots by certain platforms to artificially alter Pi’s valuation, which has affected community sentiment and the project's credibility.
Additionally, there are concerns regarding the restrictions on using “Pi-related” branding. Pi Network’s official documentation prohibits the use of “Pi-related” branding without approval, which may necessitate modifications to the project name and domain before PiDaoSwap can debut. This development comes amid escalating frustrations within the PI community, particularly regarding the alleged use of bots and fake price listings by external exchanges.
Pi Network VietNames has highlighted that these manipulations have severely impacted the project’s credibility and adoption. The community is eagerly awaiting the launch of PiDaoSwap, which is expected to address these issues and provide a more transparent and fair trading environment for the PI coin.
