Everything about PiDaoSwap of Pi Network

PiDaoSwap, a blockchain project based in Canada, has launched the first decentralized exchange (DEX) built exclusively for the Open Mainnet of Pi Network. PiDaoSwap is committed to providing speed, simplicity, and security for the Pi ecosystem, along with eight powerful DeFi features designed to meet the needs of both newbies and seasoned crypto enthusiasts.

What is PiDaoSwap?

PiDaoSwap is a decentralized exchange, developed exclusively for the Open Mainnet of Pi Network. The project is built by a blockchain development team from Canada with many years of experience in the crypto field.

Purpose of PiDaoSwap

PiDaoSwap is built with three clear purposes:

• Simple, safe, and fast transactions for users of Pi Network.

– Become the native DeFi platform for staking, exchange, token issuance, and many other features in the Pi ecosystem.

Provide a platform that supports both newbies and seasoned crypto users.

Key Features of PiDaoSwap

Below are the eight main features of PiDaoSwap:

– Basic trading: Easily swap Pi Network tokens with a user-friendly interface, making simple exchanges accessible to everyone in the Pi ecosystem.

– Cross-Chain Trading: Trade digital assets directly from different blockchains in PiDaoSwap, expanding trading opportunities beyond the Pi Network.

– Limit Order: Execute trades at desired price levels by placing specific buy or sell orders, giving users more control over transactions on PiDaoSwap.

– IDO Launchpad: Explore and invest in new and promising projects on Pi directly through the Initial DEX Offering platform (IDO) of PiDaoSwap.

– Farm & staking: Earn passive income by locking assets on Pi into farms or staking pools, receiving rewards for contributing liquidity and securing the network.

– Prediction markets & lottery: Participate in decentralized prediction markets and lottery games using Pi, providing speculative opportunities and potential winnings.

– On-chain governance: Participate in platform development by voting on proposals and changes through the decentralized autonomous organization structure (DAO).

– Community NFT: Collect, use, and trade unique digital collectibles created specifically for the Pi Network community, fostering engagement and ownership.

What makes PiDaoSwap special?

Below are the highlights of PiDaoSwap:

– All-in-one DeFi center: PiDaoSwap integrates multiple DeFi functions such as trading, investing, governance, and even entertainment, providing a comprehensive user experience in the Pi Network ecosystem.

– Cross-chain support: By connecting Pi Network with other blockchains, PiDaoSwap expands trading opportunities and allows for seamless value transfer between different ecosystems.

– Yield aggregation: PiDaoSwap maximizes profit potential by offering various options such as staking, farming, IDO, and NFT on a single platform.

– Safety first: Prioritizing user security, PiDaoSwap utilizes thoroughly audited smart contracts and maintains an insurance fund to minimize potential risks and ensure asset protection.

– Community governance: Empowering users, PiDaoSwap implements on-chain voting, allowing the community to directly influence the development and future direction of the platform.

PiDaoSwap**: the first DEX for the Pi ecosystem**

PiDaoSwap is the first decentralized exchange (DEX) built exclusively for Pi Network. The exchange allows users to trade and issue tokens within the Pi ecosystem without the need for third-party platforms or external exchanges.

The launch of PiDaoSwap is seen as timely, just a few months after Pi Network entered the Open Network phase, allowing applications and projects to truly operate on the blockchain.

The launch of PiDaoSwap has made big waves in the Pi community. In just the past 24 hours, the price of PI has increased by 1.1%, and in the last two weeks, the token has increased by more than 10%.

Currently, the price of PI is trading at $0.618, which is still about 79% lower than the historical peak, so there is still a lot of growth potential in the future as the network and applications continue to attract attention.

PI price chart 4 hours | Source: Tradingview## The Way Forward

With the emergence of PiDaoSwap, Pi Network enters a new phase, supporting real DeFi activities, promoting deeper community engagement, and thriving more robustly on the mainnet.

As more users and developers join the ecosystem, we can expect to see many new projects, more diverse tools, and increasing adoption.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

Minh Anh