Pi Network has published an extensive update detailing its Mainnet migration roadmap and explaining its tokenomics and mining process.
The Mainnet migration is a sophisticated and scale-intensive process, including the migration of Pi balances for tens of millions of users built up over six years.
In contrast to a simple airdrop executed by most other crypto projects, the migration of Pi is rooted in audited mining data and contains protections against cheating and guarantees fairness.
This project has already successfully migrated more than 12 million users, which is a significant milestone in scalability terms, particularly keeping in mind the in-house KYC and migration procedure offered at no fiat expense to users.
The Mainnet migration roadmap is organized into three main phases depending on the network priorities.
- First Migrations: The initial phase is migrating existing users in the queue. It comprises verified base mining rewards, Security Circle rewards, lockup rewards, utility app usage rewards, and confirmed Node rewards.
- Second Migrations: Upon finishing the initial phase, the network will migrate referral bonuses. These are only awarded when the referred team members have successfully completed KYC.
- Periodic Migrations: In the last phase, Pi Network will transfer to periodic migration cycles (monthly or quarterly), incrementally transferring all outstanding rewards and bonuses to users’ Mainnet wallets.
Pi Network explained that the “Transferable Balance” available on the app is simply a simplified calculation used to save computational load. Real amounts transferred into Mainnet wallets are often more than calculated, since they’re computed through extensive calculations of years of mining behavior and rewards.
The network also specified its tokenomics: of a 100 billion Pi maximum supply, 65% is reserved for community mining rewards, 10% for the foundation, 5% for liquidity, and 20% for the Core Team. These reserves increase proportionally with the amount of Pi migrated to maintain the system fair and well-balanced.
Finally, the mining rewards of Pi operate under a declining trend over time. Users receive greater rewards by participating through Security Circles, utility apps, and operating Nodes with rewards dependent upon a declining base rate that contracts each month. This way, sustainability and decentralization are promoted.
In conclusion, Pi Network is steadily progressing with its Mainnet migration fairly and securely while maintaining transparency about token distribution and mining rewards.
Also Read: Pi Network Founder Nicolas Kokkails to speak at Consensus 2025
