PI Network said that the community built its infrastructure and ecology over 6 years.
PI traded almost 20% higher today after a turbulent week. The community spent 6 years establishing its infrastructure and environment to make its utility ready, the PI Network team said in an X post.
Over 20% Gain for PI Today
Now at $1.68, PI is up over 20% in 24 hours.
Prices dropped from over $1.96 on March 6 to $1.27 on March 9 before rising above $1.52 the following day.
Today, the PI coin rose to $1.73 and a market valuation beyond $12,43 billion before falling to $12.06 billion.
When its market worth hit $19.2 billion on February 27, the PI coin attained its ATH over $2.95.
Pi Network Grace Period is March 14
In a release via X today, Pi Network said that the PI community spent 6 years establishing its infrastructure, environment, and utility before launching.
Pi Network advised users on March 10 that KYC and Mainnet migration must be completed by 8:00 am UTC on March 14 to prevent losing most PI tokens other than those generated inside the rolling window of the previous 6 months before PI is transferred.
Pi Day, which was initially commemorated in the US on March 14, celebrates the mathematical constant Pi, which has three important figures: 3, 1, and 4.
Pioneers of Pi Network mine bitcoin on their phones. They allowed external connection on the Mainnet Blockchain and advanced the project toward the February 20 Open Network launch.