The Pi Network community is preparing to launch its own decentralized exchange (DEX) called PiDaoSwap, aimed at preventing price manipulation of Pi Coin and offering a transparent trading tool for users.
Why the Community Needs Its Own Exchange
According to the announcement, the DEX will allow PI token trading without the involvement of centralized exchanges (CEXs). The main goal is to eliminate the influence of external actors, whom the community accuses of distorting the token’s market value through bots and falsified data.
As reported by Pi Network VietNames, the project is in its final development stage and awaiting Know Your Business (KYB) approval from the core Pi team, a necessary step for an official Mainnet launch.
Who’s Behind It and What Features to Expect
PiDaoSwap is being developed by an experienced blockchain team based in Canada. Their stated goal is to create a simple, secure, and fast trading environment for all Pi network participants.
The platform will include eight key modules, as outlined by the team:
- Basic Trading.
- Cross-Chain Trading.
- Limit Order Trading.
- IDO Launchpad.
- Farms & Single-Asset Staking.
- Prediction Markets & Lottery.
- Decentralized Proposals & On-Chain Governance.
- Community NFTs.
More details on each module will be shared in the upcoming whitepaper.
The team also highlights several core strengths of the platform:
- Full multichain support for asset interoperability.
- Yield aggregation via a complex 4D profit model (farming/staking/IDO/NFT).
- Risk management with triple smart contract audits and an insurance fund.
- DAO governance through community voting.
Allegations Against Centralized Platforms
The community accuses external platforms, including exchanges and price tracking websites, of manipulating Pi Coin data. For example, CoinMarketCap is cited as showing artificially inflated or deflated prices due to bot activity. These concerns were echoed in a recent BeInCrypto report, which described how suspicious activity was affecting token prices.
Community members argue this undermines the project’s reputation and slows user growth. There is also frustration that despite community support and hints of interest, Binance has yet to list the Pi token.
Challenges and Next Steps
Though not yet officially launched, PiDaoSwap has been verified on X, and its account has attracted nearly 30,000 followers, suggesting growing support. However, the project faces branding challenges, as Pi Network's intellectual property policy prohibits the use of "Pi" in names or domains without explicit permission.
The PiDaoSwap team has contacted the Pi Network core team to clarify whether they can keep the current name or will need to rebrand to comply with the rules.
What’s Next for PiDaoSwap
The goal of PiDaoSwap is to build a decentralized trading platform where the PI token price reflects true supply and demand. The team believes this will help restore trust in the token and promote a more transparent economy within the Pi ecosystem.
If successful, the platform could become a vital tool for the community and strengthen Pi Coin’s independence from external market manipulation.
