As of April 19, 2025, Pi Network's transition to its Open Mainnet, which officially began on February 20, 2025, is encountering challenges due to an unclear migration roadmap. The recently released three-phase migration plan lacks specific timelines, leading to confusion among its user base.
Migration Plan Overview
The migration strategy comprises three phases:
1- Initial Migration: Targeting users already in the queue, including those with mining rewards, Security Circle contributions, locked-up tokens, app-based rewards, and certain node rewards.
2- Referral Rewards: Focusing on users whose team members have completed full KYC verification
3- Ongoing Migrations: Periodic migrations are intended to occur monthly or quarterly; however, no definitive schedule has been provided.
The absence of clear timelines has left many users uncertain about when their tokens will be fully migrated, with some reporting delays in receiving their core mining rewards. Additionally, discrepancies between displayed "Transferable Balances" and actual migrated amounts have further fueled user dissatisfaction.
Security Enhancements
In response to security concerns, Pi Network introduced a two-factor authentication (2FA) feature for its migration wallet on March 13, 2025. This measure aims to enhance account security during the migration process.
Market Performance
Despite these challenges, Pi Coin (PI) has experienced a 5.4% increase in the past 24 hours, trading at approximately $0.6467. The circulating supply stands at 6.9 billion PI, with a market capitalization of around $4.47 billion.
Community Engagement
The Pi Network community remains active, with discussions and updates shared on platforms like Reddit. Notably, Pi Network is among the sponsors for the upcoming Consensus 2025 event, scheduled for May 14-16, where Dr. Nicolas Kokkalis is expected to speak.