Greetings Square!
What is $PI?
Innovative cryptocurrency mined via a phone app with no energy cost. "PI Network" is a layer 1 blockchain used for building the Web3 app ecosystem and P2P trading via PI. Created by two Stanford PhD.
After six years of growth, the PI has the largest blockchain community as it looks at the moment. Besides, it's the network that introduced Crypto to many newcomers in this industry, spreading across all continents, races, and ages of users.
Using the Referral system Pioneers could become contributors by adding more friends to mine with their code, securing more PI/h mined for each member added to the security circle. Locking up their mined PI gave more bonuses to the mining rate.
Enclosed Mainnet Lasted 5 years so that more apps could be built, more users could migrate to Mainnet wallets and after the KYC completed number reached requirements everything was ready for launch!
The trade started this morning at 8 AM UCT and the chain transaction volume got to the melting point temperature, it is amazing how the chain survived it at all, not crashing or having downtime at all, creating blocks in seconds.
Total trading Vol. in last 24h is 633,208,443$. Having in mind the selling pressure that was expected to happen the price is doing well so far.
At the time of writing the $PI is trading at 0.935$.
I wish all the best for their community, and TL, they went a long way to achieve success!
Best Regards,
@Arthas Menethil