Pi Network (PI) Update: Essential Information for Pioneers

Pi Network Enhances Launchpad with New Test Token and Streamlined Participation

The core development team behind the Pi Network project has unveiled an updated participation and flow model for its Pi Launchpad, aiming to foster stronger community ties and boost engagement. This initiative includes opening up testing for a second token, dubbed ‘SLICE,’ which will be available for two weeks.

According to a recent post on X (formerly Twitter), the Pi Launchpad has integrated data and feedback gathered from its initial testnet token. That first test commenced on PiDay 2026 (March 14) and saw participation from nearly 480,000 Pioneers, who provided “valuable feedback on the Launchpad mechanism.”

The team stated that this feedback has been instrumental in refining the participation process, leading to a simpler flow, updated Launchpad mechanics, and an improved user experience. Following these enhancements, Pi Network has now launched its second test token, ‘SLICE.’ Testing for SLICE began and will continue until Pi2Day on June 28.

Pioneers interested in participating in the SLICE test are instructed to:

• Open Pi Launchpad within the Pi Browser.
• Review the SLICE test token and its associated project details.
• Select a commitment amount using Test-Pi.
• Confirm their participation.
• Engage with the Slice of Pi application and submit feedback.

The purpose of this testing phase is to assess the effectiveness of the updates in achieving key objectives and to offer Pi Network users another opportunity to “learn the new ecosystem token mechanics.” The development team emphasized that SLICE is strictly a Testnet token and will not be deployed to the Mainnet.

Despite these protocol updates and product launches, the native Pi token has experienced significant price depreciation. The broader market downturn in recent weeks severely impacted the token, pushing it to an all-time low of under $0.12 on June 6.

While the token has since seen a modest recovery of approximately 7%, its overall market performance remains challenging. It is currently down 95.7% from its all-time high recorded in late February 2025.

However, certain on-chain metrics and the upcoming token unlock schedule suggest that PI may have passed its lowest point. The Relative Strength Index (RSI) is currently in deeply oversold territory, which could signal an impending major reversal, although a clear breakout attempt has yet to materialize.