Pi Network Takes a Shot at Reinventing the Web3 Launchpad — Price Tells a Different Story

Pi Network (PI) released the initial version of its Pi Launchpad as a Pi App on Testnet with a test token on March 16. That being said, the team claimed to introduce a token launch mechanism that differs from typical Web3 launchpad models.

The Pi Core Team said the Testnet rollout is designed to let Pioneers familiarize themselves with how the process works before a Mainnet launch. The Launchpad applies Design 1 from the PiRC framework, an open-source proposal system Pi released on its Open Network anniversary.

Despite the product milestone, the market has not responded with buying pressure. PI is trading at $0.201, down 8.9% over seven days. The Testnet launch moves Pi closer to a live token ecosystem, but whether it shifts sentiment for holders remains to be seen.