PiBridge has announced a groundbreaking feature in the Pi Network ecosystem: Pi-backed loans. This new offering will allow users to collateralize their Pi holdings and access instant loans in USD without having to sell their assets. The platform aims to provide Pi pioneers with the ability to unlock liquidity and gain access to capital while maintaining long-term exposure to Pi. The Pi Collateral Loan system enables users to use their Pi as collateral to secure withdrawable, spendable, an

Pi Network is ramping up its communication efforts as anticipation grows around the upcoming December 2025 unlock of 190 million PI tokens. In a new announcement, the core team positions Pi as a global Web3 opportunity rather than a purely technical blockchain project, using bold and futuristic messaging to highlight its mobile-first vision. The team believes Pi’s simplified onboarding model can help millions enter the digital economy faster than traditional blockchain platforms. A major

According to Gate News Bot on December 4th, citing CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.23, down 2.02% in the past 24 hours, with a high of $0.28 and a low of $0.22. The current market capitalization is approximately $1.932 billion, a decrease of about $39.8825 million compared to yesterday. Pi is a digital currency that can be mined on mobile phones. Its breakthrough technology allows users to mine Pi on their phones without draining the battery. Pi is a decentralized, secure, tamper-proof, non-counterfeitable, and interoperable digital currency. It is mobile-first, user- and earth-friendly, easy to use, scalable and secure, and does not waste massive amounts of electricity.

Odaily News According to PI Shield monitoring, Goldfinch user deltatiger.eth was attacked, resulting in a loss of approximately 330,000 USD. The hacker has deposited 118 ETH of the stolen funds into Tornado Cash. PeckShieldAlert reminds users to immediately revoke access to the contract address (0x068

Gate News Bot news, on December 1st, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.23, with a 7.76% fall in the last 24 hours, reaching a high of $0.28 and a low of $0.23. The current market capitalization is approximately $1.912 billion, a decrease of $161 million compared to yesterday. Pi is a new type of cryptocurrency that can be easily mined using a mobile phone without consuming electricity. Pi employs groundbreaking technology that makes cryptocurrency mining simple and accessible. The project aims to create a decentralized, secure, tamper-proof, and interoperable digital currency system, operating in a mobile-first and environmentally friendly manner. Pi Network invites users to download the mobile application to start mining for free, and they can join by simply receiving an invitation from an existing trusted network member. Recent important news about PI: 1️⃣ **

Gate News Bot news, on November 28, according to CoinMarketCap, as of the time of writing, PI is currently priced at $0.26, rising 2.71% in the last 24 hours, reaching a high of $0.28 and a low of $0.23. The current market capitalization is approximately $2.172 billion, an increase of $57.4 million compared to yesterday. Important news about PI recently: 1️⃣ **Game ecosystem strategic cooperation promotes application scenario expansion** Pi Network has formed a strategic partnership with CiDi Games, aiming to expand its influence in the Web3 gaming sector. CiDi Games will deeply integrate Pi as the core medium for payments, transactions, and incentives within the platform, and will develop APIs and infrastructure to support other games in the Pi ecosystem. This collaboration is expected to promote the rise of Pi in the gaming field.

Pi Network recently announced a partnership with gaming company CiDi Games, aiming to expand its influence in the Web3 gaming sector and enhance the platform's practical application value. This collaboration will provide Pi users with more opportunities to spend, earn, and interact using Pi across multiple games. The team stated that this collaboration will help game developers scale their game development by providing clear support, thus expanding the practical application scenarios of Pi. The core development team pointed out that games are highly compatible with the Pi ecosystem and are a key vertical that Pi has been nurturing within the ecosystem. Pi analyst Dr. Altcoin also expressed appreciation for this, believing that the significance of the collaboration is substantial.

Gate News Bot message, on November 27, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at $0.25, with a rise of 3.06% in the last 24 hours, reaching a high of $0.26 and a low of $0.23, with a 24-hour volume of $50.2 million. The current market capitalization is approximately $2.105 billion, an increase of $6.25 million compared to yesterday. Important recent news about PI: 1️⃣ **Strategic cooperation to expand the gaming ecosystem** Pi Network has formed a strategic partnership with the gaming platform CiDi Games and has made a strategic investment in it through Pi Network Ventures. CiDi Games will deeply integrate Pi as the core medium for payments, transactions, and incentives within the platform, and will develop APIs and infrastructure.

Pi Network has reached a strategic partnership with CiDi Games and made an investment. CiDi Games will deeply integrate Pi as a payment and incentive medium, planning to test its H5 platform in early 2026.

The native token of the controversial yet popular crypto project Pi Network continued its strong performance over the past week, recording fresh gains in the last 24 hours. According to Gate data, Pi Coin briefly surpassed \$0.25 before settling just below that level, marking a 6% daily increase and a 10% weekly gain. The price spike pushed PI’s market capitalization back above the \$2 billion mark, making it the 61st-largest cryptocurrency and surpassing the well-known meme coin Pepe (PE

The Crypto Assets field is heating up again, and Pi coin has become the focus of discussion. Soroban continues to play a more important role in the backend development of the Pi Network. The platform adopts a Rust and WebAssembly architecture, supporting smart contracts to achieve scalable and cost-effective smart contracts. The community links this new contract snippet to the previous upgrades of Pi, such as parallel running capabilities, more powerful Oracle Machines, and the Testnet trials of smart contracts. These details further confirm that Soroban is key to the next stage of core development for Pi.

Pi Coin's price fell by about 1.5% today, but its cumulative rise over the past 7 days is 6.1%, still outperforming some mainstream tokens. This month, Pi Coin also rose by about 15%, while Bitcoin fell by nearly 20%. This indicates that Pi Coin has a strong negative correlation with Bitcoin, which is one of the reasons it can maintain an upward trend even in a weak market environment.

Gate News Bot news, on November 24, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at $0.24, with a rise of 1.09% in the last 24 hours, reaching a high of $0.26 and a low of $0.22. The current market capitalization is approximately $2.012 billion, with a rise of $21.7 million compared to yesterday. Recent important news about PI: 1️⃣ **EU MiCA Compliance Application Boosts Market Confidence** Pi Network has officially submitted an application to the EU's Markets in Crypto-Assets Regulation (MiCA), marking an important step for Pi Coin's entry into the European market. If the application is successful, Pi Coin is expected to gain full legal status in Europe, benefiting its scope of use and market recognition. This move highlights Pi Network's determination to actively embrace regulation and promote compliance.

Golden Finance reported that the Bitcoin treasury company Strategy stated that its holdings of 650,000 BTC are sufficient to meet 71 years of PI needs, provided that the annual increase of Bitcoin is around 1.41%. However, this data is based on multiple assumptions, and the current value of the holdings is approximately 54.69 billion USD.

BlockBeats news, on November 21, according to PI monitoring, Aave Whale (0x94de...940a) encountered a liquidation of 11.41 million USD during the recent sharp fall of Bitcoin. The strategy of this whale involves holding long positions in WBTC and borrowing USDT using collateral.

Gate News Bot news, on November 21, according to CoinMarketCap data, PI (Pi) is currently reported at $0.25, with a rise of 4.63% in the last 24 hours, reaching a high of $0.26 and a low of $0.21. The current market capitalization is approximately $2.074 billion, an increase of $91.8 million compared to yesterday. Important news about PI recently: 1️⃣ **EU MiCA compliance application boosts market confidence** Pi Network has officially submitted an application to the European Union's Regulation on Markets in Crypto-Assets (MiCA), marking an important step for Pi coin's entry into the European market. If the application is successful, Pi coin is expected to gain full legal status in Europe, which will help expand its usage and market recognition. This move highlights Pi Network's determination to actively embrace regulation and promote compliance.

Gate News Bot message, as of November 20, according to CoinMarketCap, the current price of PI (Pi) is $0.24, which has risen by 5.08% in the last 24 hours, reaching a high of $0.24 and a low of $0.21. The current market capitalization is approximately $1.988 billion, an increase of $96.1 million compared to yesterday. Pi is a digital currency that can be mined on mobile phones. Through breakthrough technology, users can mine Pi on their phones without consuming power. Pi aims to become a decentralized, secure, tamper-proof, and interoperable digital currency that is friendly to both users and the planet, easy to use, and secure at scale. Recent important news about PI: 1️⃣ **EU MiCA compliance applications boost market confidence** Pi Network has officially submitted to the EU's regulation on crypto asset markets (Mi

According to CoinGape, Pi Network has officially applied to join the EU's regulation of crypto assets market (MiCA), which could be an important step for Pi coin to enter a broader market. The project has confirmed that it has submitted an application under the EU MiCA framework. This gives Pi coin the hope of achieving full legal status in the European market. Previously, due to strict compliance requirements, Pi coin has been difficult to use on the European continent.

Gate News Bot news, on November 19th, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.23, with a 1.00% rise in the last 24 hours, reaching a high of $0.23 and a low of $0.21. The current market capitalization is approximately $1.89 billion, which is an increase of $18.6 thousand compared to yesterday. Pi is a digital currency that can be mined on a mobile phone without draining the battery. The project aims to involve more people in the cryptocurrency revolution, overcoming the challenges and investment risks associated with traditional cryptocurrency mining. The Pi network utilizes groundbreaking technology, making it a decentralized, secure, tamper-proof, and interoperable digital currency that is also user and environmentally friendly. Recent important news about PI: 1️⃣ **Pi App Studio function upgrade to optimize user experience** Pi Netw

Odaily News Pi Network announced an update to Pi App Studio, introducing new code download and upload features that allow creators to download application code, edit it locally, and re-upload compatible custom versions back to App Studio. This update also includes a new application management interface, improvements to the "My Applications" page, updates to the universal user experience, and other features to make application creation more organized, accessible, and intuitive.

Gate News Bot message, on November 17, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.23, having risen by 3.57% in the last 24 hours, with a high of $0.24 and a low of $0.21. The 24-hour volume reached $34.4 million. The current market capitalization is approximately $1.888 billion, an increase of $65 million compared to yesterday. PI currently ranks 46th in global Crypto Assets market capitalization. Important news about PI recently: 1️⃣ **Testnet DeFi features are continuously improving** Pi Network has launched a series of new features on the test network, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi activities.

BlockBeats news, on November 17, Fed officials once again released strong hawkish signals. Logan stated: it's hard to support a rate cut in December, and it is not appropriate to provide more preventive assurance to the labor market through rate cuts. Schmidt: further rate cuts could have a lasting impact on inflation, and my concerns about inflation go far beyond tariff issues. Fed Board of Governors member Milan supports a rate cut: the data supports a rate cut, and the Fed should be more dovish.

Odaily News According to monitoring by PI Shield, when Bitcoin fell below 100,000 USD, the address 0xceef...ba42 was triggered for liquidation on Compound due to going long on WBTC. The address previously used WBTC as collateral to borrow USDT and DAI, with a total liquidation amount reaching 6.67 million USD.

Gate News Bot message, on November 14, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at 0.22 USD, a fall of 2.79% in the last 24 hours, with a high of 0.24 USD and a low of 0.21 USD. The current market capitalization is approximately 1.83 billion USD, a decrease of 52.4677 million USD compared to yesterday. PI is currently ranked 47th in the global Crypto Assets market capitalization leaderboard.

Gate News Bot message, November 13th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.23, up 1.49% in the past 24 hours, with a high of $0.24 and a low of $0.21. The current market capitalization is approximately $1.881 billion, an increase of $27.76 million from yesterday. Recent important news about PI: 1️⃣ **Testing network DeFi features continue to improve** Pi Network has launched new features on its testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi to perform token swaps, liquidity mining, and other DeFi operations. The launch of these new features indicates that Pi Network is actively expanding its ecosystem to prepare for future mainnet DeFi applications.

Gate News Bot message, November 12th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.22, down 3.77% in the last 24 hours, with a high of $0.23 and a low of $0.21. The current market capitalization is approximately $1.856 billion, a decrease of about $72.806 million from yesterday. Recent important news about PI: 1️⃣ **Testnet DeFi features continue to improve** Pi Network has launched new features on the testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The introduction of these new features indicates that Pi Network is actively expanding its ecosystem, paving the way for future mainnet D

Gate News Bot message, November 11th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.23, up 2.83% in the past 24 hours, with a high of $0.23 and a low of $0.20. The current market capitalization is approximately $1.942 billion, an increase of $53.4 million from yesterday. Recent important news about PI: 1️⃣ **Testnet DeFi features continue to improve** Pi Network has launched new features on the testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The introduction of these new features indicates that Pi Network is actively expanding its ecosystem to prepare for future mainnet DeFi applications.

Gate News Bot message, November 10th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.23, up 0.64% in the past 24 hours, with a high of $0.23 and a low of $0.20. The current market capitalization is approximately $1.881 billion, an increase of $11.9 million compared to yesterday. Recent important news about PI: 1️⃣ **Testing network DeFi features continue to improve** Pi Network has launched new features on its testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The launch of these new features indicates that Pi Network is actively expanding its ecosystem to prepare for future mainnet DeFi applications.

Gate News Bot Update: As of November 6th, according to CoinMarketCap, Pi (PI) is currently trading at $0.22, up 2.30% in the past 24 hours. The price reached a high of $0.26 and a low of $0.20 during this period. The current market capitalization is approximately $1.843 billion, an increase of $41.5 million compared to yesterday. Pi is a digital cryptocurrency that can be mined on smartphones. Its groundbreaking technology allows users to mine on their phones without draining the battery. The Pi network is decentralized, offering a secure, tamper-proof, counterfeit-resistant, and interoperable digital currency. The project aims to make cryptocurrency mining accessible to more people and to simplify the process of participating in the crypto revolution. Recent important updates about PI: 1️⃣ **Testing of DeFi features on the network continues to improve** Pi Network has launched its testnet for DeFi functionalities.

BlockBeats news, on November 5, according to PI monitoring, as BTC fell below 101,000 USD today, a Whale using Aave circular borrowing to increase the position of WBTC "0x94de...940a" has been liquidated. The Whale borrowed USDT through depositing WBTC to go long, with a total of 31.47 million USD liquidated.

Gate News Bot message, November 5th, according to CoinMarketCap, as of the time of this report, PI (Pi) is currently priced at 0.22 USD, falling 1.89% in the last 24 hours, with a high of 0.29 USD and a low of 0.20 USD. The current market capitalization is approximately 1.816 billion USD, a decrease of about 34.9842 million USD compared to yesterday. Pi is a digital currency that can be mined on mobile phones. Its breakthrough technology allows users to mine Pi on their phones without draining the battery. Pi is a decentralized, secure, tamper-proof, and interoperable digital currency. It is user-friendly and environmentally friendly, easy to use, can operate securely on a large scale, and does not produce significant power waste. Recent important news about PI: 1️⃣ **Testnet DeFi functionality continues to improve** PI Network

Gate News Bot news, on November 4th, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.22, falling 7.83% in the last 24 hours, with a high of $0.29 and a low of $0.22. The current market capitalization is approximately $1.852 billion. Pi is a digital currency that can be mined on mobile phones. Its breakthrough technology allows users to mine Pi on their phones without draining the battery. The goal of the Pi Network is to create a decentralized cryptocurrency and smart contract platform driven by everyday people. Pi is a secure, immutable, counterfeit-resistant, and interoperable digital currency, designed for mobile devices, friendly to users and the planet. Recent important news about PI: 1️⃣ **Testnet DeFi Function Expansion Ecosystem** Pi Network has launched on the testnet.

PANews, November 3 news, according to PI Shield monitoring, Balancer and its fork projects are under attack, with total losses across multiple chains reaching approximately $128.64 million so far.

Gate News Bot news, on November 3rd, according to CoinMarketCap data, as of the time of this report, PI (Pi [IOU]) is currently priced at $0.24, having fallen 2.39% in the last 24 hours, with a high of $0.29 and a low of $0.23, and a 24-hour volume of $3.37 million. Current market capitalization data is temporarily unavailable. Important recent news about PI: 1️⃣ **Pi Network Ventures strategic investment expands ecosystem** Pi Network's investment division, Pi Network Ventures, has made a strategic investment in OpenMind, and the two parties will jointly build a decentralized operating system for robots. This initiative is expected to expand the application scenarios of Pi Network and enhance its presence in the fields of AI and robotics.

According to BlockBeats news on November 1, monitoring by PI Shield indicates that in October 2025, there were approximately 15 major Crypto Assets hacker incidents, resulting in total losses of 18.18 million USD, a decrease of 85.7% compared to the total loss of 127.06 million USD in September.

Pi Network Ventures announced a strategic investment in OpenMind to jointly develop a decentralized bots operating system, integrating Pi nodes to support AI workloads. OpenMind previously completed a $20 million financing round, with participants including several well-known institutions such as Pantera Capital.

Gate News Bot news, on October 31, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.24, down 4.65% in the last 24 hours, with a high of $0.29 and a low of $0.21. The current market capitalization is approximately $2.031 billion, a decrease of $98.9905 million compared to yesterday. Pi is a digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine Pi on their phones without draining the battery. The Pi Network aims to become a decentralized, secure, immutable, counterfeit-proof, and interoperable digital currency. It adopts a mobile-first strategy, is user and earth-friendly, easy to use, and can maintain security at scale without producing significant energy waste. Important news about PI recently: 1️⃣ **Testnet DeFi functionality expansion

Gate News Bot news, on October 30, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.26, down 3.68% in the last 24 hours, with a high of $0.29 and a low of $0.20. The current market capitalization is approximately $2.116 billion, a decrease of $80.9231 million compared to yesterday. Pi is a digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine Pi on their phones without consuming power. Pi is a decentralized cryptocurrency characterized by security, immutability, forgery resistance, and interoperability. The project aims to involve more people in the cryptocurrency revolution, making cryptocurrency mining simple and accessible. Recent important news about PI: 1️⃣ **Testnet DeFi Functionality Expanding Ecosystem** Pi Network is in testing

Gate News Bot news, on October 29, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at $0.26, with a 16.01% rise in the last 24 hours, reaching a high of $0.29 and a low of $0.19. The current market capitalization is approximately $2.196 billion, an increase of $303 million from yesterday, and it is currently ranked 44th. Pi is a digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine on their phones without draining the battery. The Pi Network aims to make cryptocurrency mining simple and is a decentralized, mobile-first, user and earth-friendly digital currency. Pi does not require investment, mining is free, and you can start only with an invitation from existing trusted network members. Important news about PI recently: 1️⃣ **Testnet DeFi Function Expansion

Gate News Bot 消息，2025年10月29日，据 CoinMarketCap 行情显示，加密货币市场整体呈现上涨态势，多数币种价格出现不同程度上涨。以下为过去24小时涨幅前五的币种表现：1️⃣ PI (Pi)📈 当前价格：$0.26 | 涨幅：+14.76%📊 24H最高/最低：$0.26 / $0.22 | 市值：$2,199,900,350💡 Pi Network在测试网上线了DEX、AMM流动性池等DeFi新功能,扩展了生态系统。2️⃣ AERO (Aerodrome Finance)📈 当前价格：$0.99 | 涨幅：+10.08%📊 24H最高/最低：$1.01 / $0

Gate News Bot message, October 28, according to CoinMarketCap data, as of the time of publication, PI (Pi) is currently reported at 0.23 dollars, down 4.88% in the last 24 hours, with a high of 0.29 dollars and a low of 0.19 dollars. The 24-hour volume reached 118 million dollars. The current market capitalization is approximately 1.911 billion dollars, a decrease of 98.0148 million dollars compared to yesterday. Recent important news about PI: 1️⃣ **Testnet DeFi Functionality Expands Ecosystem** Pi Network has launched new features on the testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The introduction of these new features indicates that Pi Network

Gate News Bot news, on October 27, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.24 USD, with a rise of 15.61% in the last 24 hours, reaching a maximum of 0.25 USD and a minimum of 0.19 USD. The current market capitalization is approximately 1.991 billion USD, an increase of 269 million USD compared to yesterday. Ranked 47. Pi is a digital currency that can be easily mined on mobile phones. Its groundbreaking technology allows users to mine Pi on their mobile devices without draining the battery. Pi is a decentralized, secure, and tamper-proof digital currency, characterized by being mobile-first, user-friendly, and environmentally friendly. The Pi Network aims to enable more people to participate in the cryptocurrency revolution, making cryptocurrency mining easy and accessible. Important news about PI recently: 1️⃣ **Testnet DeFi

Gate News Bot news, on October 24, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently at 0.20 USD, rising 0.78% in the last 24 hours, with a high of 0.21 USD and a low of 0.19 USD. The current market capitalization is approximately 1.689 billion USD, an increase of 13 million USD compared to yesterday. Pi is a cryptocurrency that can be mined on mobile phones. Its groundbreaking technology allows users to mine Pi on their phones without consuming electricity. Pi is a decentralized digital currency with characteristics of security, immutability, forgery resistance, and interoperability. It adopts a mobile-first approach, is user-friendly, and remains secure during large-scale applications without causing significant electricity waste. Important news about PI recently: 1️⃣ **Testnet DeFi Functionality Expansion Ecosystem** Pi N

Gate News Bot news, on October 23, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.20, down 0.67% in the last 24 hours, reaching a high of $0.21 and a low of $0.19. The current market capitalization is approximately $1.675 billion, a decrease of $11.29 million from yesterday. It currently ranks 50th in the Crypto Assets market capitalization leaderboard.

Jin10 Data reported on October 22, that Gaozheng Mining's announcement indicated that the company's operating revenue in the third quarter reached 489 million yuan, a year-on-year rise of 9.12%; the net profit attributable to the parent company was 56.8454 million yuan, a year-on-year rise of 1.83%. In the first three quarters, the operating revenue reached 1.26 billion yuan, a year-on-year rise of 7.53%; the net profit attributable to the parent company was 126 million yuan, a year-on-year rise of 13.68%. The company plans to distribute a cash dividend of 0.7 yuan (tax included) for every 10 shares.

Jin10 Data, October 22 – On October 22 local time, a spokesperson for the "Al-Quds Brigades," an armed faction under the Palestinian Islamic Jihad (PI), stated that the organization has never severed ties with the Izz ad-Din al-Qassam Brigades, an armed faction under the Palestinian Islamic Resistance Movement (Hamas). The organization will fully adhere to the ceasefire protocol in Gaza and will monitor the compliance of the Israeli side with the agreement.

ChainCatcher news, since October 15, the holding amount of long-term Bitcoin holders has decreased by 28,000 BTC, reflecting excessive net PI distribution.