The PI community takes a big step towards financial independence, developing its decentralized exchange (DeX), Pidaoswap.
According to social media reports, the initiative aims to reduce price manipulation through external exchanges.
Pidaoswap to start running on the PI Environmental Network
Pidaoswap is said to be in the final stages of the Pi Mainnet multi -function DEX. The platform will ensure that the price of the PI coin reflects the actual market value of the distinctive symbol rather than distorting it by third -party platforms.
The advertisement was martyred by manipulating prices by external entities, a misconduct that impedes the growth and development of the PI network.
“Once finished, the PI price will be reflected in its real value and will not be manipulated by the current external stock exchanges, “Pi Network Vietnames Claim.
Pi Network VietNames is a profile driven by society that involves updates, opinions and news about the PI network.
Although in the final stages of development, Pidaoswap determined that pending your KYB approval from the Pi Core team before starting.
Currently, the potential platform has secured the organizational verification of Twitter, indicating its progress in its development.
Meanwhile, the imminent Pidaoswap launch comes from Pi Network amid the escalating frustration within the PI community. According to what was reported, some robots are used to change the Pi artificial evaluation, which affects the feeling of society.
Likewise, there are also allegations of fake price lists through external exchanges.
The Beincrypto report recently repeated this feeling amid allegations of BOT activity on Coinmarketca. This increases the doubts about the mechanisms of tracking central prices on the platform.
According to Pi Network Vietnames, this manipulation has strongly affected the credibility and approval of the project.
Meanwhile, Binance is still dodging when recounting coins. Despite societal support, the decision of the Pi Coin’s Binance Serving menu remains without a solution, which leads to frustration among fans.
At the same time, other concerns appear regarding the restrictions imposed on the use of “relevant” brands. These are related to intellectual property policies (IP) and brands set by the PI network.
“As a project for the ecosystem that society drives under PIDAO, with Dao as our primary focus, will this remain prohibited? Or do we need to modify the name of our project and our field accordingly,” Pidaoswap wrote.
PI documents are prohibited from using the “relevant” brand without approval. Therefore, this indicates that the adjustments may be necessary before the appearance of Pidaoswap for the first time.
Meanwhile, PI decreased to less than one dollar on Saturday, a decrease of more than 30 % last week.
Disintegration
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