Recent developments in Pi Network have stirred community concern as Pi cryptocurrency's price has fallen sharply, causing investor unease.
PiDaoSwap Project to Counter Manipulations
To battle alleged price manipulations by external exchanges, the Pi Network community is developing PiDaoSwap, a decentralized exchange. The platform awaits KYB approval from Pi's core team but has secured Twitter's verification, and community members hope it will prevent artificial price alterations.
Pi Network Branding Restrictions and Impact
Despite PiDaoSwap's progress, concerns over Pi Network's branding restrictions have emerged. Official documentation prohibits the use of 'Pi-related' names without approval, which could require project modifications before its launch.
Future of Pi Network: Forecasts and Prospects
The project faces several challenges. While some criticize Pi for centralization, others defend it. The price instability and regulatory scrutiny pose a critical test for the network's future success.
The situation poses a crucial test for Pi Network. The successful implementation of PiDaoSwap and overcoming the challenges could restore investor confidence and ensure the project's sustainability.
