$ETH

⸻

Pi Network Core Team Breaks Silence with Major Update on Mainnet Migration and Tokenomics

In a long-awaited blog post on the Pi Network app, the Core Team has finally addressed the community with key updates regarding Mainnet migration, token distribution, and the mining mechanism. Here’s a breakdown of the highlights:

⸻

Mainnet Migration Roadmap: Priorities and Progress

The Core Team laid out a detailed roadmap for Mainnet migration, emphasizing the scale and complexity of the process. They explained:

“(1) Migrating a network of tens of millions based on six years of complex mining data is essential to ensure accuracy, security, and fairness for honest Pioneers. This isn’t a simple airdrop to a few thousand wallets—it requires careful vetting to prevent cheating.

(2) Over 12 million users have already successfully migrated, showcasing industry-level scalability, especially considering that the KYC and migration process is built from scratch and remains free of fiat cost to users.

(3) The 10 million migration milestone for launching the Open Network was set to strike a balance between timely progress and broad inclusion. It was always expected that more users would continue migrating even after the Open Network went live.”

Key Priorities in the Migration Plan:

• Completing initial migrations for Pioneers already in the queue

• Enabling second migrations, including referral bonus transfers

• Continuing with periodic migrations moving forward

⸻

Pi Tokenomics: A Closer Look at Supply Allocation

The blog also shed light on how Pi’s token supply is structured:

“The Maximum Supply of Pi is 100 billion tokens.

• 65 billion (65%) are allocated for community mining rewards

• 10 billion (10%) for foundation reserves

• 5 billion (5%) for liquidity purposes

• 20 billion (20%) for the Core Team”

This structure is designed to ensure long-term sustainability while incentivizing the community.

Let me know if you’d like it made more casual, more technical, or turned into social media content.$ETH