Learn about the latest developments surrounding the Pi Network ecosystem
The team responsible for the controversial cryptocurrency project "Pi Network" continues to develop the ecosystem by integrating new features and opportunities for users. The latest features will allow the community to build their own DEX and AMM interfaces.
Still in the testing phase
Dr. Chengdiao Fan (one of the founders of the Pi Network) announced at the TOKEN2049 cryptocurrency conference in Singapore that the project has launched new features for decentralized exchanges (DEX) and automated market makers (AMM) on its blockchains. These features will enable developers and pioneers to experiment with token exchanges, liquidity pools, and other tools directly. Fan revealed that these features have only been implemented on the test network and will be available on the main network after the testing period.
The mainnet currently restricts this functionality, but the Pay wallet interface will display these options and connect users to the testnet environment. These features are inherent at the level of the Pay blockchain protocol, allowing the community to build their own DEX and AMM interfaces.
In addition, Van clarified that these tools will also enable pioneers to educate themselves about DeFi before directly participating on the Mainnet and interacting with real PI tokens.
After the recent update, developers can now test currencies on the Pi Testnet blockchain. Documentation explaining the entire process will be released in the coming weeks.
Creating tokens is critical to ensure these features work correctly. Developers are allowed to produce digital currencies on the Pi Testnet blockchain, while this functionality is also restricted on the mainnet during the testing period.
