First DEX on Pi Network’s Mainnet, Here’s What It Offers!

PiDaoSwap, a Canada-based blockchain project, has launched its first decentralised exchange designed exclusively for the Pi Network’s Open Mainnet. With a focus on simplicity, speed and security, PiDaoSwap introduces eight powerful DeFi features and aims to provide the users of the Pi Network with an all-in-one platform for trading, staking, governance and more.

Here is everything you should know about PiDaoSwap!

What is PiDaoSwap?

PiDaoSwap is a decentralised exchange, which is developed exclusively for the Open Mainnet of the Pi Network. It is developed by a Canadian blockchain development group with years of experience in the cryptocurrency sector.

Purpose of PiDaoSwap

Primarily, there are three purposes.

Firstly, it aims to offer secure, fast and simple decentralised trading for Pi Network users.

Secondly, it targets to become a native DeFi platform for trading, staking, token launches and more within the Pi ecosystem.

Thirdly, it aims to support both new and experienced crypto users.

Key Features of PiDaoSwap

Here are the eight key features of PiDaoSwap:

Basic Trading: Effortlessly swap Pi Network tokens with a user friendly interface, making simple exchanges accessible to everyone within the Pi ecosystem.

Cross-Chain Trading: Seamlessly trade digital assets from various blockchains directly within PiDaoSwap, expanding trading opportunities beyond the Pi Network.

Limit Orders: Execute trades at your desired price points by setting specific buy or sell orders, providing more control over your transactions on PiDaoSwap.

IDO Launchpad: Discover and invest in new and promising Pi-based projects directly through PiDaoSwap’s Initial DEX Offering platform.

Farms & Staking: Earn passive income by locking your Pi-based assets in farms or staking pools, receiving rewards for contributing to network liquidity and security.

Prediction Markets & Lottery: Engage in fun, decentralised prediction markets and lottery games using Pi, offering opportunities for speculation and potential winnings.

On-Chain Governance: Participate in the platform’s evolving by voting on proposals and changes through its Decentralised Autonomous Organisation (DAO) structure.

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

What Makes PiDaoSwap Special?

Here is what makes PiDaoSwap stand out:

All-in-One DeFi Hub: PiDaoSwap integrates various DeFi functionalities like traidng, investing, governance, and even entertainment, offering a comprehensive user experience within the PiN Network.

Cross-Chain Support: By connecting Pi Network on other blockchains, PiDaoSwap broadens trading opportunities and allows for the seamless transfer of value across different ecosystems.

Yield Aggregation: PiDaoSwap maximises earning potential by providing diverse options such as staking, farming, Initial DEX Offerings, and Non-Fungible Tokens within one platform.

Security First: Prioritising user safety, PiDaoSwap employs rigorously audited smart contracts and maintains an insurance fund to mitigate potential risks and ensure asset protection.

Community Governance: Empowering its users, PiDaoSwap implements on-chain voting, allowing the community to directly influence the platform’s development and future direction.

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Why is PiDaoSwap Important for Pi Network?

PiDaoSwap is the first community-driven DEX developed specifically for the Pi ecosystem. It helps users trade and launch tokens natively – without needing external exchanges.

Timing of the launch is crucial, as it has come just months after Pi Network opened its Open Network phase.

Interestingly, the launch has created extreme excitement among Pi Users. In the last 24 hours, the PI price has seen a rise of 1.1%. In the last fourteen days, the PI market has surged by at least 10%.

Currently, the price of PI stands at $0.611 – at least 79% below the all-time peak of the market.

Final Thoughts

The launch of PiDaoSwap signals a new chapter for the Pi Network Mainnet. As the first DEX built specifically for Pi, it provides the foundation for future DeFi projects, deeper community engagement, and a more mature blockchain ecosystem.For the latest developments, stay tuned to Pi Network news as the ecosystem rapidly evolves.