2026-07-24

Pi Launchpad Completes SLICE Test Token Distribution and Introduces Liquidity Pool Price Tracking

Pi Launchpad has completed the distribution of its second testnet token, SLICE. According to the official blog (published on 7/24), from June 11 to June 28, over 240,000 Pi miners participated in this test, contributing a total of 15.92 million Test-Pi in exchange for 10 million SLICE test tokens. What's Different This Time Compared to the First Test Token The official statement explains that the main difference between SLICE and the first test token is that SLICE is linked to a real, operational third-party game, 'Slice of Pi,' rather than a mock application used for testing. The official team states that this helps align with the Pi ecosystem token's 'product-first' goal—where the token's purpose is to support application utility, user acquisition, and engagement, rather than primarily for fundraising. The participation process has also been simplified. This time, focusing on the amount of Test-Pi contributed by miners, the Launchpad automatically calculates the corresponding fair access lock-up amount and presents participation benefits as percentage rewards. This aligns with the direction previously mentioned by the official team in Improved Participation Flow and Updated Model. What the Interface Now Offers After Distribution The official team explains that after the SLICE distribution is complete, the Pi Launchpad interface currently provides: Personal allocation details and token acquisition price SLICE liquidity pool access Price chart: tracking SLICE's price changes relative to Test-Pi How the Liquidity Pool Works (Official Explanation) The official team dedicated considerable space in this blog post to explain the AMM mechanism, which is one of the key highlights of this update. Under the Pi Launchpad model, the Pi received from token issuance does not belong to the issuer but enters a liquidity pool, paired with ecosystem tokens. The purpose of this design is to establish a healthy liquidity foundation from the outset. SLICE's liquidity pool utilizes an Automated Market Maker (AMM) algorithm, calculated using the constant product formula: SLICE Reserve × Test-Pi Reserve = Constant Product This means that each time a miner exchanges Test-Pi for SLICE, Test-Pi increases, SLICE decreases, and the displayed price of the remaining SLICE will rise; the reverse is true for the opposite exchange. The official team emphasizes that this pricing is automatically calculated based on the quantity changes of the two assets in the pool, not manually set. The official team also reminds: SLICE only exists on the testnet and will not be transferred to the mainnet. Purpose of This Test The official team clearly stated two purposes: first, to allow miners to gain practical exposure to DeFi mechanisms (liquidity pools, token swaps, automated pricing); second, to collect data and community feedback to further improve the Launchpad's design and mechanisms before the mainnet version goes live. Related Reading → Pi Launchpad Releases Improved Participation Flow and Updated Model Data source: Pi Network official blog (minepi.com/blog/launchpad-liquidity-pool/, published on 2026/7/24). All analyses do not constitute investment advice. OrbitWatch is an independent Pi Network ecosystem observatory and is not affiliated with the official Pi Network.

• •Pi Launchpad has completed the distribution of its second testnet token, SLICE, with over 240,000 miners participating and contributing 15.92 million Test-Pi.
• •Unlike the first test token, SLICE is integrated with a real third-party game, 'Slice of Pi,' reinforcing the 'product-first' approach for token utility and engagement.