In the Pi Launchpad model, projects issue tokens as tools to acquire users for their applications and integrate those tokens directly into product functionality, such as access, payments, rewards, and governance. Instead of being taken by the issuing project, the proceeds of Pi from their token launch go to a liquidity pool with the ecosystem token, which bootstraps a healthy liquidity foundation from the start. For the SLICE test launch on Testnet, this results in a liquidity pool containing SLICE and Test-Pi. In addition to matching individual buyers and sellers through a traditional decentralized order book on the Pi DEX, the pool uses an automated market maker algorithm to calculate swaps based on the amounts of both assets it currently holds. Learn more about how the SLICE liquidity pool works.