A few days ago, I mentioned that the bonus accrued through members in your security circle/referrals who have finished the initial part of KYC may or may not be transferred from your unverified balance to your transferrable balance.
The Pi Core team confirmed about an hour ago that if you have to secure the bonus through members in your security circle/referrals, the members have to fulfill not just the KYC requirement, but the mainnet migration must be complete as well.
It's kinda frustrating because I know people (even in my own circle) who have had their KYCs pending for over a year and some have even been stuck in the migration queue for way too long.
However, this at least confirms that the bonus accrued through members who are KYC'd in your security circle/referrals will finally be transferred to your transferrable balance.
I'm personally unaffected by this decision. The only thing I care about now is the Pi Core team investing efforts around revamping the Pi Browser ecosystem so the value of Pi builds up steadily like the almighty Solana did. They also need to revamp the KYC-approval system because I'm positive over half of the Pioneers are still sitting unverified. I'm positive about the long-term growth prospects of Pi network, primarily because of its community.
If you're interested in Pi, I found another early-stage mobile-mining project called "Delta". It's built on the ICP protocol and is backed by Dfinity. You can download the apk from the website "delta.kim" (Just Google search "delta.kim"). Use my referral DID: D9C1NK1C7H0C4 for a 33% mining boost. They currently have over 50K users (20K achieved in last week alone).
You can also check out another project called BlockDAG (Referral Code: A4qlM83a), which I find a bit more promising and developed over Delta as they have already fundraised around $200Mn in pre-sales, but they're nowhere near as early-stage as Delta is, so the mining rate isn't as good. You can download the BlockDag 1X Miner apk through their website "blockdag.network".