YEREVAN (CoinChapter.com) —The Pi Network community is developing PiDaoSwap, a decentralized exchange (DEX) to limit price manipulation from external platforms. Reports on social media indicate that the new platform is near completion. It will operate within the Pi Network ecosystem and focus on showing the real value of PI coin.
According to Pi Network VietNames, the new DEX aims to separate PI coin price from interference by third-party exchanges. The community platform stated,
“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges.”
The team behind PiDaoSwap DEX claims some centralized exchanges distort the coin’s value using bots. These concerns have spread among users, especially after several listings showed inconsistent prices.
PiDaoSwap DEX Awaits Approval From Pi Core Team
While PiDaoSwap DEX is almost ready, it has not launched yet. The project is waiting for Know Your Business (KYB) clearance from the Pi Core Team. This step is necessary before the DEX becomes active on the Pi Network mainnet.
Meanwhile, the project has passed Twitter’s organizational verification. This shows that development is moving forward, even if the official launch is pending. The team has not given an exact date for when the platform will go live.
The Pi Network community continues to call for more transparent pricing for the PI coin. Users say current listings do not reflect market demand and raise questions about credibility.
External Exchanges Accused of Distorting PI Coin Price
The PI coin price has become a major concern for the Pi Network community. Several platforms allegedly use bots to influence pricing, which affects trust in the project.
CoinMarketCap was showing suspicious activity. The platform was accused of displaying prices based on non-organic activity.
The Pi Network VietNames group says these actions have damaged the project’s adoption and growth. The issue has also affected the community’s mood.
At the same time, Binance has not confirmed any listing plans for PI coin, despite repeated calls from the Pi Network community. This lack of clarity has caused further frustration.
Trademark Policy May Lead to Name Change for PiDaoSwap
The use of “Pi” in PiDaoSwap may lead to legal changes. The Pi Core Team enforces a policy that limits use of “Pi-related” branding unless approved.
PiDaoSwap asked the team,
“As a community-driven ecosystem project under PIDao, with DAO as our core focus, would this still be prohibited? Or do we need to modify our project name and domain accordingly?”
So far, the Pi Core Team has not issued a public reply. Based on the policy, a name change may be required before the DEX can launch officially within the Pi Network ecosystem.
PI Coin Price Drops Below $1 After a 30% Weekly Fall
PI coin dropped below $1, falling more than 30% in seven days. The price dip reflects ongoing concerns about market accuracy and the lack of exchange support.
The community hopes that once PiDaoSwap DEX is live, it can help provide more consistent pricing by avoiding external interference. For now, the Pi Network community continues to track the project’s progress as it waits for approval.