FAQs
Last updated
Last updated
A dedicated section covering common queries related to PiVM’s technology, ecosystem, and user interactions.
What is PiVM? PiVM is the first Layer 2 scaling solution for the Pi Network, enabling EVM compatibility for seamless smart contract deployment and cross-chain interactions.
How does PiVM improve the Pi Network? PiVM enhances scalability, efficiency, and interoperability, allowing users to transact faster, deploy smart contracts, and access decentralized applications (DApps) on a broader ecosystem.
What are the main features of PiVM? Key features include token swaps, liquidity pools, a cross-chain bridge, airdrops, and an intuitive token creation tool.
Is PiVM decentralized? Yes, PiVM operates on a decentralized infrastructure that eliminates middlemen and enhances security and transparency in transactions.
How do I swap tokens on PiVM? Connect your wallet, choose the tokens you want to swap, adjust slippage tolerance if needed, confirm the transaction, and wait for it to be processed.
What are liquidity pools, and how do they work? Liquidity pools allow users to deposit token pairs, enabling smooth trading while earning a share of transaction fees as rewards.
Can I remove my liquidity anytime? Yes, liquidity providers can withdraw their funds whenever they choose, but market fluctuations may affect token value
What is the PiVM Faucet used for? The Faucet provides free $PiVM Testnet tokens, allowing users to explore and test the ecosystem without financial risk.
How can I participate in PiVM airdrops? Users can earn rewards by completing ecosystem-related tasks such as swapping, adding liquidity, or bridging assets.
How can I create a token on PiVM? Connect your wallet, enter token details (name, symbol, total supply, decimals), and confirm the transaction to deploy your token.
Can I edit my token after creation? No, token details are immutable once deployed on the blockchain.
Does PiVM have a governance system? Yes, PiVM will introduce governance mechanisms, enabling community members to participate in key decisions regarding the ecosystem.
What is the PiVM Bridge? The PiVM Bridge enables seamless $Pi transfers between Pi Network and PiVM Network, increasing liquidity and usability.
Are bridge transactions instant? Transactions typically complete within a few minutes, but network congestion may cause delays.
Are there any fees for using the bridge? Yes, minimal gas fees apply depending on network conditions.
