TL;DR
- The Pi Network community is developing PiDaoSwap, a decentralized exchange (DEX) designed to counteract price manipulation by external platforms.
- The DEX aims to ensure that Pi Coin reflects its real value based on market demand. While awaiting KYB approval for launch, the project is already verified on Twitter.
- It may need to undergo rebranding due to Pi Network’s intellectual property policies, yet it continues to gain strong community support.
The Pi Network community is taking a bold step toward financial independence with the upcoming launch of PiDaoSwap, a decentralized exchange (DEX) created to tackle price distortion and restore trust in the valuation of Pi Coin. This community-led project intends to break away from centralized price control and ensure that Pi Coin is traded based on real supply and demand within its ecosystem.
Fighting Manipulation, One Trade at a Time
For months, the Pi Network community has expressed concern about alleged price manipulation on platforms like CoinMarketCap, where bot activity and fake data may be skewing Pi Coin’s perceived value. According to a report from BeInCrypto, this manipulation has led to growing frustration among users, who argue that external influences damage the project’s credibility and slow down broader adoption. PiDaoSwap emerges as a direct response to this, providing a decentralized alternative that could finally align Pi Coin’s market price with its actual utility and demand, and protect long-term investor confidence.
PiDaoSwap is now in its final development phase and is expected to launch shortly on the Pi Network mainnet. Before going live, the project is awaiting Know Your Business (KYB) approval from the Pi core team. Once cleared, it will allow users to trade PI tokens without relying on centralized exchanges, making Pi trading more democratic and less susceptible to artificial market movements. The team has also emphasized transparency in its smart contract design and governance structure, aiming to involve users in future decision-making processes.
Growing Support and Branding Challenges
Despite Pi Coin’s rising popularity, major platforms like Binance have yet to list it, adding to community dissatisfaction. However, the momentum behind PiDaoSwap is evident: the platform has already earned Twitter verification, signaling credibility and growing recognition ahead of its launch.
Still, there are hurdles. Pi Network’s intellectual property rules prohibit the use of names or domains containing “Pi” without explicit permission. The PiDaoSwap team is currently seeking clarity from the Pi core team to determine if a rebranding will be necessary to comply with these policies.
At its core, PiDaoSwap aims to build a fairer, decentralized economy. If successful, it could serve as a blueprint for other crypto communities seeking to regain control over their token valuation.
