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The Pi DEX, AMM liquidity pool, and token creation features are now live on the Pi testnet.
As announced by Dr. Fan Chengdiao, the founder of Pi, at the TOKEN2049 conference, Pi Network has just deployed a series of new features on its blockchain. These features were initially tested only on the testnet. After the testing period ends, they will go live on the mainnet.
Pi DE X and AM M
The testnet (Testnet) offers decentralized exchange (D EX) and automated market maker (A MM) liquidity pool features, allowing developers and early users to directly experiment with token swaps, liquidity pools, and other decentralized finance tools. The Pi testnet will continue to host Test-Pi for users to utilize these features. The mainnet currently restricts this functionality, but the interface in the Pi wallet will display these options and link users to the testnet environment. These features are inherent to the Pi blockchain protocol layer, enabling the community to build their own D EX and A MM interfaces.
Testnet (Testnet) has launched DEX, AMM, and liquidity pool features, providing developers and pioneering users with a real-time environment to experience the mechanisms of decentralized finance (DeFi) within the Pi ecosystem. This environment allows projects to securely test these features on the testnet before deploying them on the mainnet.
These tools also allow pioneering users to personally experience tokens—understanding DeFi-related knowledge before using real Pi to directly participate in the mainnet DeFi, including testing swaps, adding or removing liquidity, and observing how decentralized trading mechanisms operate. Since these features are currently limited on the mainnet, all activities will be conducted on the testnet using test Pi and test tokens. These tokens are for testing purposes only and are not valid on the mainnet or for any other use. This setup allows users to experience and refine their DeFi solutions within the Pi ecosystem, aiming to help users improve their overall financial literacy on the network before participating in mainnet DeFi.
Token Creation
To ensure that Pi D EX and AM M operate normally, token creation is a prerequisite. Developers can now create test tokens on the Pi testnet blockchain, while such functionalities on the mainnet are also restricted during the testing period. Documentation explaining this process will be released in the coming weeks. Although test tokens can be freely created for testing on the testnet using Test-Pi, token creation on the mainnet will be subject to further rules to coordinate the incentive mechanisms for developers to create utilities, as discussed by Dr. Fan in his keynote speech at TOKEN2049. The focus of these rules is to encourage real applications, services, and sustainable products within the Pi ecosystem, as well as to establish reasonable token supply and distribution plans.
Practicality is crucial for distinguishing these tokens from the hollow incentive mechanisms of most memecoins. While memecoins have demonstrated how communities can widely engage in token ecosystems, they lack underlying practicality, making sustained growth unlikely. The token approach of Pi Network focuses on linking the creation of practicality to actual use cases at the application or system level, aiming to ensure that the existence of the tokens is meant to support functionality rather than speculation.
Build on Pi's infrastructure
To some extent, these features support authorized developers and even the vision of non-technical pioneers creating AI applications through Pi App Studio, in order to launch their own tokens for real use cases—whether for in-app functionalities, community engagement, or system-level services.
Creators can start by minting and distributing tokens on the testnet, trying out liquidity pools, and verifying how tokens integrate with their applications. Other possible examples include DEX or AMM built by the community.
Pi Network has provided key infrastructure to support this functionality. The Pi KYC solution verifies the authenticity of the pioneer tokens, ensuring that tokens are distributed to real users. With tens of millions of verified global community members, developers have a built-in audience for testing and feedback. Ecosystem products—including the Pi Wallet, .pi domain names, Pi advertising network, and ecosystem directory staking features—support practical token deployment, management, and sustainable business models within the network.
Through utilities and Web3 supported ecosystem
Open D EX, A MM, and tokens on the test network to enable developers to expand the functionality of the Pi Network in a structured, practical, and Web3 manner. It also helps pioneers smoothly enter the DeFi space through a secure, gradual, and educational exploration journey. This move will leverage the powerful capabilities of Web3 to enhance utility, transparency, and decentralization, thereby strengthening the ecosystem.