The Pi Network community creates a decentralized exchange (DEX) called PIDAOSWAP so that other exchanges do not manipulate PI token.
Community members believe that their own exchange will help with unfair practices that are prosperous on third -party platforms. However, to begin with, they will have to resolve the issue with the name of the project.
Why do you need the PIDAOSWAP exchange
The developers from the Pi Network community are preparing to launch a decentralized PIDAOSWAP exchange. The platform should ensure the fair pricing of the PI token, which, according to PI enthusiasts, manipulate external sites.
“After launching the exchange, the price of PI will reflect its real value without the influence of third -party sites,” the community said.
Although the development of PIDAOSWAP is almost completed, the approval of the KNOW Your Business (KYB) from the PI main team needs to be approved. While the platform received only verification in X (former Twitter).
Problems with the name
PIDAOSWAP developers are faced with the question of using the Pi brand. Pi Network documentation prohibits the use of this name without official permission.
“Is the ban on the project of the ecosystem under the control of PIDAO? Or will we have to change the name and domain “? – Ask the creators of the exchange.
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Source: Cryptocurrency
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