Pi Network Explains New Launchpad Model After Big Token Distribution

Here are new details about Pi Network's Launchpad after the SLICE token distribution. The Core Team behind the popular project revealed more details about how its platform can support future ecosystem tokens. They explained that, unlike other token launches in which projects typically keep the funds raised, their model sends the committed Pi coins directly into a liquidity pool paired with the newly issued ecosystem asset. The idea is to give each new coin an active liquidity foundation from the beginning while tying tokens to real application functions such as access, payments, rewards, governance, and user engagement. Pi’s Approach The new update published by the team hours ago comes just a few days after they confirmed they had completed the token distribution of the Testnet coin called SLICE. With its launch, they created a pool containing the newly-created coin as well as Test-Pi. Users, known as Pioneers within the broader Pi Network ecosystem, can trade through Pi’s decentralized order book. However, swaps can also be completed automatically through an automated market maker. The mechanism adjusts the token price depending on the amount of SLICE and Test-Pi remaining in the ...