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Pi Network tests SLICE liquidity pool – Can PI hold above $0.08?
['Gladys Makena', 'Written By', 'Reviewed By', 'Erastus Chami', 'Ishika Kumari', 'Benjamin Njiri']
AMBCrypto
Pi Network [PI] launched a liquidity pool containing SLICE and Test-Pi, using an automated market maker to calculate swaps based on the amount of both tokens in the pool.
After introducing the model, the PI team distributed 10 million SLICE test tokens.
How the SLICE liquidity pool worksAccording to the core team, the launchpad sends Pi proceeds into the token liquidity pool.
For the SLICE test launch, the pool contains SLICE and Test-Pi.
ADTherefore, the SLICE liquidity pool functions as a decentralized mechanism to facilitate token swaps and establish market pricing.