Pi Network has put its launchpad model through a live test using a testnet token called SLICE, with over 240,000 Pioneers committing nearly 16 million Test-Pi to acquire 10 million SLICE tokens during a two-week window. The model, which sends committed coins directly into a liquidity pool rather than holding them as raised funds, aims to give each new token an active liquidity foundation from the start.
How the launchpad works
Under Pi Network's approach, the coins Pioneers commit go straight into a liquidity pool paired with the newly issued ecosystem asset. That means the token has a tradable market from day one. The model also ties tokens to real application functions — access, payments, rewards, governance, and user engagement — rather than leaving them as speculative assets.
The SLICE test
The test ran from June 11 to June 28, a period Pi Network calls Pi2Day. More than 240,000 Pioneers took part, committing roughly 16 million Test-Pi to get 10 million SLICE tokens. SLICE is connected to a working third-party game called 'Slice of Pi,' which uses the token to test engagement-based bonuses. That mirrors what Pi Network says future ecosystem tokens are supposed to do: tie value to actual use, not just trading.
Trading and transparency
Users can trade SLICE through Pi's decentralized order book or through an automated market maker (AMM) that adjusts the token price based on the constant-product formula. After the distribution, participants can review their allocations, the launch price, the effective purchase price they got, and the SLICE liquidity pool data. The team released the update days after confirming the completion of the token distribution of the Testnet coin SLICE.
SLICE is a Testnet-only asset with no real value and will never migrate to Mainnet. That makes the test a dry run for the launchpad model, not a real token sale. Participants can now check their numbers and the pool details.
