Pi Network Launches PiDaoSwap to Combat Price Manipulation

The Pi Network community is actively developing PiDaoSwap, a decentralized exchange (DEX) aimed at combating price manipulation and ensuring that the PI coin accurately reflects its true market value. This initiative is a response to concerns within the community about the influence of external exchanges, which are suspected of distorting the PI coin's price through artificial activities.

PiDaoSwap is nearing completion and is expected to launch soon on the Pi Network mainnet. According to community sources, including Pi Network VietNames, the DEX will facilitate PI token trading based on genuine market supply and demand, free from the interference of centralized exchanges. The platform is currently awaiting Know Your Business (KYB) approval from the Pi core team before its official launch.

Supporters of the Pi Network have expressed frustration over the alleged use of bots and fake data by some exchanges and price tracking platforms to manipulate the PI coin's market perception. These activities have reportedly led to discrepancies in the coin's listed value, causing frustration and eroding trust within the community. A recent report highlighted concerns about suspicious bot activity affecting the PI coin's value on various platforms.

Despite growing support for the PI coin, major exchanges like Binance have yet to list it, further fueling community disappointment. Meanwhile, PiDaoSwap has secured verification status on Twitter, indicating that the project is gaining traction even before its official launch.

The Pi Network team has strict rules regarding branding and intellectual property. The project's policy restricts the use of names and domains containing "Pi" or "Pi-related" references without permission. As a result, the developers behind PiDaoSwap may need to consider a name change or rebranding to comply with these guidelines. The team has reached out to the Pi core developers to clarify whether their current naming and domain can remain or must be adjusted.

PiDaoSwap aims to support a more transparent and community-led financial system. By eliminating dependency on third-party exchanges, the platform hopes to provide an accurate pricing system for the PI coin and restore trust among its users. As the launch approaches, the Pi Network community remains focused on overcoming regulatory hurdles and branding restrictions. If successful, PiDaoSwap could become a crucial tool in preserving the integrity of the PI coin's value within its native ecosystem.