##PI UPDATE ON SECOND MIGRATION

Mainnet Migration Phases

1. Initial Migrations: Over 12 million Pioneers have migrated, encompassing verified mining rewards, Security Circle bonuses, lockup rewards, utility app usage rewards, and confirmed Node rewards. 

2. Second Migrations: This upcoming phase will address referral bonuses linked to team members who have completed KYC. While specific timelines haven’t been announced, this phase is prioritized following the completion of initial migrations. 

3. Periodic Migrations: After the second phase, Pi Network plans to implement regular migrations (e.g., monthly or quarterly) to accommodate new KYC completions and reward distributions.