Mine Pi Network

Pioneers, it has now been over 100 days since the launch of Open Network! The Open Network launch was the culmination of over six years of building Pi Network’s infrastructure and ecosystem, and making sure that its utility was ready for use at launch.

Open Network’s external connectivity unlocked Pi’s thriving ecosystem, innovative applications, and extensive peer-to-peer network for integration with the broader blockchain world. This also allowed businesses to integrate with Pi after passing the KYB business verification process.
Open Network was key to Pi’s mission: to create an inclusive, utility-driven, and widely adopted cryptocurrency that is accessible to anyone. Pioneers around the world—crypto enthusiasts, mainstream ordinary people, and everyone in between—are the driving force behind Pi because Pi is set to solve the problem of mass adoption and real world utility.
In the first 100 days of Open Network, Pi’s ecosystem and utilities have continued to benefit Pioneers and expand. Let’s take a look back at the network’s progress and growth, including key updates on utility.
Pi Network Ventures: Investing $100M in Innovative Startups
Pi Network Ventures, a development initiative of $100 million held in Pi and USD, was launched by the Pi Foundation to strategically invest in startups and businesses, including those that advance the utility, adoption, and real-world impact of Pi.
Its three main objectives are to boost Pi utility, enable more of the world’s production onto Pi Network, and bring Pi to the real world.
By investing in startups and businesses, Pi seeks to empower developers, many of which build, integrate, and innovate with Pi, and bring real-world utility. Pi Network Ventures investments seek out innovators that are focused on globally accessible, community-driven, and economically meaningful projects.
Gaming is a key vertical that Pi Network Ventures will focus on for its investments. Gaming sits at the intersection of several key strengths—social interactions, the attention economy, and virtual goods—and Pi Network Ventures is uniquely positioned to leverage Pi Network to help game developers achieve their goals, which in turn, benefits the Pi ecosystem.
To that end, Pi Network launched FruityPi, a fun fruit-matching game that also demonstrates Pi’s existing gaming utility in action. By integrating with various Pi products and utilities—such as the Pi Ad Network, Pi Wallet, and Pi payments—FruityPi has been used by Pi Network as an early signal of how gaming, with inherently built-in social dynamics and virtual economies, can drive both app-level engagement and broader ecosystem utility at the same time.
PiFest and Expansion of Local Commerce with Pi
Pi Day 2025 was the start of the first PiFest after Open Network, a week-long event that ran from March 14 – March 21, 2025. With Open Network’s external connectivity enabled, PiFest supported Pi-integrated commerce, providing even greater opportunities for merchant use and adoption, and Pioneer engagement, including through seamless transactions on the Pi Mainnet blockchain and through related Pi products. PiFest saw engagement with:
More than 125,000 total registered sellers—including 58,000 active sellers;Use of the community-built Map of Pi app by over 1.8 million Pioneers; andOver 45,000 reviews submitted by Pioneers.
The success of PiFest illustrates that Pioneers and businesses are engaged with Pi Network and eager to transact in Pi. This serves to reinforce that Pi Network’s long-term vision of building an inclusive, peer-to-peer ecosystem powered by Pi has been achieved and will continue to expand.
.pi Domains Auction: A New Platform-Level Utility
Pi Day 2025 also introduced .pi Domains Auction, a platform-level utility that harnesses the collective resources of the Pi community—attention, authenticity, and a large community that is ready to transact—and Open Network’s external connectivity to further expand Pi’s role in real-world commerce and digital interactions.
.pi Domains allow individuals, apps, and businesses to bid for and own unique digital identifiers within the Pi ecosystem. .pi Domains already possess clear, immediate, and measurable real-world use cases, as well as practical applications now, which set .pi Domains apart from other virtual property/ownership in less-developed ecosystems.
To date, .pi Domains Auction has received:
Over 123,000 active bidsOver 57,000 unique biddersOver 69,000 domains with active bidsActive bids consisting of more than 3 million Pi in total during the auction
Ecosystem Interface Updates
The Ecosystem Interface lists qualified Mainnet apps that Pioneers can use. This continues Pi’s mission of empowering Pioneers and developers by providing access to apps and utilities, while providing developers more opportunities to get exposure for their apps. In the first 100 days of Open Network, Pi Network made several updates to the Ecosystem Interface. These included:
Mainnet Ecosystem Application Expanded: Developers who meet the Mainnet app deployment requirements can now apply to add their apps to the Mainnet Ecosystem Interface directly through the Developer Portal without having to wait to be whitelisted.Improved Ecosystem Interface Design: The Ecosystem Interface design has been updated to improve intuitive navigation of community apps for Pioneers through a cleaner design and improved user experience.Pi Ad Network Application Expansion to Pi Apps: Pi App developers are now able to apply to join Pi Ad Network. Those that are selected will join the first group of Pi Apps from the pilot program – who are now generating and receiving ad revenue through this program. New Apps Join the Mainnet Ecosystem Interface: New Pi apps have been added to the Mainnet Ecosystem Interface since Open Network, signaling continued community, user and developer support of Pi Network, and the continued growth of apps across the Pi Ecosystem in the first 100 days since Open Network. 
Network Metrics
Here are a few current key metrics that showcase the network’s growth and size:
Over 3 million additional Pioneers were migrated to Mainnet since Open Network, bringing the total to over 13 million Mainnet users.Over 7.4 billion Pi has been migrated: 5.2 billion Pi locked and 2.20 billion Pi unlocked.Over 400,000 Nodes are active across the Pi blockchain (Testnet1, Testnet2, and Mainnet).
Pioneers can check out the Pi Blockexplorer to see up-to-date metrics, and read more about Pi’s tokenomics and supply here.
Account security, Mainnet migration, and Mainnet Wallet activation
Since Open Network, Pi continued to support Pioneers through updates to account security and Mainnet migration, and expanded Mainnet accessibility via Mainnet Wallet activation.
Full Phone Number Change for KYC-Verified Pioneers: Pioneers who have passed KYC can now update their full phone number after completing a liveness verification test.Two-Factor Authentication (2FA) for Pi Migration Wallet to Help Ensure Pioneer Account Security: Pioneers are required to complete 2FA to secure and confirm their migration Pi Wallets. For those Pioneers impacted by this requirement, it is required to be completed before their Pi can be successfully migrated to the Mainnet blockchain.Shifting to Email-Based 2FA: this security measure allows for more accessible, secure and cost-effective verification via trusted emails. Email- based 2FA does not have the limitations of SMS-based verification (i.e. geographic limitations due to telecommunication restrictions, carrier policies, individuals’ service subscriptions, costs, etc.).Expanding Accessibility to Pi Mainnet Ecosystem Through New Wallet Activation Opportunities: The Mainnet wallet activation feature enables identity-verified Pioneers, including those who are fully KYC’d, as well as most of those who are tentatively KYC’d, and users who have not yet joined Pi Network, to activate their wallet on the Pi Mainnet blockchain. This unblocks their participation in, and broadens the inclusion of, the Pi Mainnet ecosystem.New Account Recovery Option Now Available: A new flow has been introduced for password resets. This is available for Pioneers that have set up a trusted email for their account. If they have, they can request a password reset, and they will receive a password reset link at the trusted email address, in addition to existing methods of recovery already available to Pioneers.KYC Updates: Pi Network also resolved various issues that may have blocked some Pioneers from progressing through KYC. These included identification and remediation of small bugs with the process, updates to permit Yoti users to fully complete the process, and addressing issues related to missing data.
Conclusion
Pi’s ecosystem at Open Network is defined by initiatives for apps and utilities, real and practical use cases, and engagement from the Pi community. During the first 100 days of Open Network, Pioneers have demonstrated a widely adopted, utility-based Pi cryptocurrency is here to stay and grow. Pioneers, developers, and businesses should continue engaging and creating on Pi, pushing the network to continue its achievements that benefit the entire ecosystem.

In Open Network, it’s more important than ever to prioritize the security of your non-custodial Pi Wallet and Pi. The immutability of blockchain means that mistakes in sharing your wallet passphrase with bad actors or phishing sites may result in irreversible transactions. Therefore, taking the right precautions now is essential.
Do NOT interact with any website, app, or platform that asks you to input your Wallet Passphrase that is not EXACTLY “wallet.pinet.com” in the Pi Browser. Doing so may irreversibly risk your entire Pi balance. Remember that the Pi Browser is a browser, like any other browser such as Chrome, Safari, etc., so it’s ultimately up to the individual Pioneer to determine the safety and legitimacy of the sites and URLs they visit. 
To aid Pioneers in distinguishing fake wallets, the authentic Pi Wallet is also visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo featuring the Core Team apps logo. If a scammer creates a fake “Pi Wallet” that tries to phish Pioneers’ wallet secret passphrase, they won’t be able to modify the app URL or the associated UI of the Browser that the official Pi Wallet will have.

Be especially careful on social media for fake websites, misleading ads (as in ads to fake websites), fake email addresses, and other places where malicious actors can give Pioneers false impressions and false information. 
Your wallet passphrase is private and should NEVER be shared. Remember that no Pi Core Team member will ever solicit ANY authentication account information (like wallet passphrases, account passwords, verification codes, etc.) from you. Pi Core Team members will never individually call Pioneers, and Pioneers should never submit information in platforms, websites, or apps NOT listed as official Pi apps and products in the Pi Safety Center. 
For two-factor authentication (2FA) verification required for migration wallet confirmation, only trust 2FA emails sent from official Pi Network domains like [email protected].
For verified information, official links and domains, and previous safety announcements, refer to the Pi Safety Center. It is the best place to stay informed and protected.

This blog highlights two recent updates that reflect ongoing progress across the Pi ecosystem. First, several new community apps have been added to the Mainnet Ecosystem Interface, expanding what’s available for Pioneers and reinforcing the network’s focus on ecosystem and utility. Second, a new account recovery flow has been introduced to help Pioneers reset their password in a secure and efficient way. Both updates support broader participation and continued development as the network evolves.
New Apps Join the Mainnet Ecosystem Interface

A new batch of Pi apps has been added to the Mainnet Ecosystem Interface, signaling continued growth across the Pi app landscape. These 5 apps—including a snake game app, e-commerce apps, and apps that provide information about the Pi token—met the network’s standards for app quality, completeness of app functionalities, evaluation of utility, and compliance with stricter Pi ecosystem policies and guidelines.
Each new app listing not only expands what’s available for Pioneers today, but also helps set a stronger example for future developers. As more apps go live, the ecosystem becomes a more attractive and rewarding space to build in for community developers—creating positive momentum for innovation, adoption, and real-world utility. 
Note again that the Mainnet app list does not include all Mainnet and Mainnet-ready apps, as selection is limited based on quality, utility delivered, and compliance with Pi ecosystem policies and guidelines. There are many more third party Pi apps that are not listed here. Some third-party Pi apps that serve as a directory of Pi Mainnet apps may display more or even all Mainnet apps, so Pioneers can reference those for a broader view of available apps.
New Account Recovery Option Now Available
A new flow has been introduced for password resets: if a Pioneer has set up a trusted email, they will be sent a password reset link to that email address, in addition to existing methods. 
The additional option is aimed at making account recovery more accessible and reliable while ensuring security since email recovery is simpler and cheaper for users, and reliable in general, e.g. no dependency on local telecommunications carriers. This not only protects individual access to Pi, but also strengthens overall network participation by helping more people stay connected and active in the ecosystem.

Today marks a transformative moment for the Pi community. The Pi Foundation is thrilled to announce the official launch of Pi Network Ventures, a development initiative of $100 million held in Pi and USD, which will strategically invest in startups and businesses, including those that advance the utility, adoption, and real-world impact of Pi.
Pi Network Ventures is established through the Pi Foundation, an ownerless organization intended to steer the long-term development of the Pi ecosystem and help facilitate the sustainability and functionality of the network for the future. The Pi earmarked for the initiative comes from the 10% of tokens that are specifically allocated for foundation reserves (more information on Pi supply and tokenomics is available here). This moment marks a pivotal step forward for Pi—especially now that Open Network has launched and external connectivity is enabled—opening the door to more impactful utility creation and real-world integration.

Pi Network Ventures represents a focused and strategic initiative to aid in the transformation of Pi from a widely held token into a widely used one.
The Vision Behind Pi Network Ventures
Pi Network Ventures was created with three core objectives:
Boost Pi utility: Support startups and businesses that integrate Pi into their products, services, and customer experiences.Enable more of the world’s production onto Pi Network: Get more real-world production processes, whether in the form of apps, transactions or companies, onto Pi by investing early on in startups and companies that create such processes.Bring Pi to the real world: Empower real-life use cases and applications that demonstrate Pi’s unique value as a widely distributed, accessible, and usable cryptocurrency.
By aligning incentives and providing resources to high-potential founders, startups and companies, this initiative aims to create a feedback loop of innovation and adoption, designed to benefit builders, businesses, and most importantly, the global community of Pioneers.
Pi Network Ventures is part of Pi’s diverse high-level strategies to boost utility and empower the Pi ecosystem: high-signal investment and incubation working in parallel with grass-roots utility and ecosystem movements. While high-signal investment and incubation typically target and support a limited number of high-quality startups and businesses based on very selective criteria, grass-roots movements can leverage the existing community of Pi and potentially generate a large quantity of attempts for utility at scale. Pi employs both strategies. Pi Network Ventures belongs to the former strategy, while measures like hackathons and any other platform that scales utility building are under the latter strategy. 
Supporting Builders from Seed to Scale
Pi Network Ventures intends to invest in companies ranging from early-stage startups to Series B ventures and beyond. This broad scope provides greater opportunity to access high-potential innovators, as well as scaling and proven businesses, each of which provides more opportunity to enhance Pi’s utility.
Pi Network Ventures differs from most crypto ecosystem programs in at least two key aspects.
First, while blockchain-native startups will certainly be part of the portfolio, Pi Network Ventures’ investments will also focus heavily on general technology sectors, including generative AI and AI applications, FinTech, embedded payments, ecommerce platforms, marketplaces, social networks and real-world consumer and enterprise applications. This strategy resonates and derives from the second objective of Pi Network Ventures mentioned above. 
From a global e-commerce platform that accepts Pi, to an AI-enabled service that leverages Pi for access or credits, to a traditional business integrating Pi into its loyalty program—if a company can drive real-world utility and ecosystem progress, the Pi Foundation plans to explore investment opportunities to support it. 
Second, Pi Network Ventures’ investment processes are intended to mirror the practices of traditional Silicon Valley venture capital firms with respect to sourcing, selection, vetting processes and more, designed to identify and support high-impact and disruptive startups and businesses. 
Strategic Benefits for Pioneers

Pi Network Ventures was created with the Pioneer community at its heart. Here’s how Pi Foundation believes it will benefit Pioneers and the community:
More Utility for Your Pi
The single most important benefit to Pioneers is increased utility. As more businesses accept Pi and integrate it into real-world applications—products, services, transactions, and experiences—you’ll be able to use Pi in more diverse ways.
Stronger Ecosystem
When businesses adopt Pi, they introduce it to new users and use cases. This creates natural growth while keeping usage aligned with real activity and utility, which creates a stronger ecosystem. A stronger ecosystem means more opportunities for Pioneers to participate—as users, builders, workers, and entrepreneurs.
Incentivizing High-Quality Integrations
The Pi Foundation is focused on making investments in high-potential startups and top-tier businesses across sectors and geographies, including those that integrate Pi. This focus will in turn attract builders, increase scale, and expand the vision of the network, while accelerating adoption in a strategic and sustainable way.
Network Effects in Action
Every business that joins the ecosystem has the potential to add value to every other participant. Pioneers gain access to new services. Developers get more tools and inspiration. Businesses tap into Pi’s user base. This compounding growth effect helps Pi transition from newly opened network into a widely accepted standard for decentralized utility.
Access to One of the World’s Largest Crypto Userbases
Companies that Pi Network Ventures may invest in could gain something incredibly rare in crypto and in traditional venture capital: the funds come with access to market—potentially addressing two of the essential components of building startups commonly referenced in startup literature. Portfolio companies will have a chance to access a sizable, active, and KYC-verified userbase with tens of millions of users of Pi Network across 200+ countries and regions, with over 19 million of them already having their identity verified through Pi KYC.   
This global audience is not just an asset to businesses—it can be a competitive advantage. It may enable network-driven growth, customer feedback loops, and unique tokenomic models that would not otherwise be possible.
How Investments Will Work
While the investments will generally be denominated in US dollar terms, Pi Network Ventures will seek to make the majority of its investments directly in the form of Pi. This means that companies who join the ecosystem will be incentivized in the very currency they are helping to strengthen and grow. 
Note that Pi Network Ventures’ investments are intended to provide both capital and strategic value over a broader timeframe to those believed to be best positioned to create value in the world and help provide additional ways to use Pi worldwide. The Pi Foundation is not obligated to invest the entire $100M, based on the quality of applicants and number of startups accepted into the initiative. Pi Network Ventures may make investments over time and from time to time, and may discontinue investing at any point in time. 
A Turning Point for the Open Network
The launch of the Open Network brought Pi into a new era. Now, with Pi Network Ventures in place, the Pi Foundation can further focus on its mission to support and grow Pi’s global utility. 
By investing in startups and businesses, many of which build, integrate, and innovate with Pi, and bring real-world utility to the network, Pi Network Ventures is laying the groundwork for a decentralized ecosystem that is globally accessible, community-driven, and economically meaningful.
Let’s Build the Future—Together
This announcement is just the beginning. Entrepreneurs interested in talking with Pi Network Ventures can apply here. 
We can’t wait to see what the network will build together.

Inclusivity is a core part of Pi’s vision, and Pi’s Mainnet ecosystem has just been made much more accessible to identity-verified individuals, including fully and tentatively KYC’d Pioneers. 
The new Mainnet wallet activation feature enables identity-verified Pioneers, including those who are fully KYC’d and most who are tentatively KYC’d, to be able to activate their wallet on the Pi Mainnet blockchain. This unblocks their participation in, and broadens the inclusion of, the Pi Mainnet ecosystem.

Though Mainnet migration is ongoing and the network is committed to speeding up and completing migrations, migration takes more time because, in addition to the identity verification, complex processes and analyses need to run and users need to take actions to ensure the right amount of Pi is securely distributed to real Pioneers who did not cheat. The decoupling of Mainnet migrations from the ability to have a Mainnet wallet helps expand access to engage with the Pi Mainnet ecosystem to millions, while it still ensures that all participants in the Pi Mainnet have verified their identity through KYC or KYB. 
Eligible Pioneers can go to the Pi Wallet app in the Pi Browser to get started.
Furthermore, people who are not yet Pi users (non-users) can access the Pi Mainnet blockchain and ecosystem in a much simpler manner via another new feature released today. This feature is available in supported regions through third-party services that integrate with Pi. Non-users can now easily obtain a wallet on the Pi Mainnet blockchain after passing similar KYC requirements on those third-party services to participate in the Pi Mainnet ecosystem. Important note for Pioneers: Passing third-party KYC will only enable Mainnet wallet creation, and it will NOT have an impact on Pioneers’ Mainnet migration for the reasons mentioned above.
Note: Pi is exploring the expansion of KYC authority—the ability to perform KYC for Pioneers—to third-parties that meet the same and equivalent standard. However, third-party services may not have the same scalability or wide geolocation coverage as Pi Network based on their own business considerations. So, any third-party services that Pi is experimenting with are in a pilot beta phase. The first such third-party service, an onramp, has recently integrated with Pi after passing KYB requirements. This service has its own geolocation restrictions and is not available to all countries and regions. While the integration has been tested and is ready for Pioneers to start using, being in the beta testing phase means that the integration may require further iterations and improvements in order to scale to handle Pi’s tens of millions of users, and may be paused or adjusted in the future. Pioneers can provide feedback about the service through Pi’s official communication channels and apps. We invite other onramps to apply for KYB verification as well.
Before this feature, the only way for non-users to participate in the Pi Mainnet ecosystem was to start from scratch to mine the minimum 30 mining sessions after registering an account, pass Pi KYC, and complete Mainnet migration steps to migrate, which can overall take a long time. This feature largely reduces the steps and time required for non-users to receive Mainnet wallets and interact directly with Pi utilities, which in turn onboards more people into the Pi Mainnet ecosystem sooner—while still upholding our network security and KYC standards. 
Also, unlike non-users—who only transact Pi on centralized exchanges, do not actually possess Pi on the Mainnet blockchain, and cannot directly participate and contribute to the Pi Mainnet ecosystem—the non-users onboarded through this feature will own a Mainnet wallet on the Pi Mainnet blockchain. Therefore, they are able to participate directly in Pi apps, Pi local commerce, and events such as the .pi Domain Auction, expanding the potential contributions to our ecosystem from non-users. 
In addition, this feature signifies a new change for more openness, where Pi is authorizing the first third-party to perform KYC for Pioneers outside the native Pi KYC solution, after KYB verification and the validation of the standards of the third-party service’s KYC procedure. This expansion of KYC authority to this third-party service for wallet creation is also part of the effort to improve the accessibility and inclusivity of the Pi Mainnet overall. The third-party service is Banxa, the onramp mentioned earlier, and it is listed as a KYB’d service on the official Pi webpage.

Expanding the accessibility of the Mainnet Pi ecosystem strengthens the utility of Pi by allowing more Pioneers and non-users to directly own and use Pi on the blockchain and interact with Pi in real applications. It also ensures a smooth onboarding experience for people outside Pi’s ecosystem, while upholding network security and KYC standards.
On a broader level, this integration benefits the entire ecosystem. More Pioneers with Mainnet Wallets means that developers and ecosystem apps will gain a larger base of participants, driving more transactions, testing, and feedback—accelerating the development and real-world use of Pi.
As always, please refrain from using any third party services that claim they are integrated with Pi but are not listed on this KYB services webpage. If you do, you run the risk of scams or fraud.

Hey, Pioneers! This blog will outline a Mainnet migration roadmap based on the network’s priorities and clarify Pi’s tokenomics and supply mechanisms.

Mainnet Migration Roadmap By Priorities
In discussing Pi Mainnet migration, keep the following facts in mind. (1) The migration needs to occur for a network of tens of millions based on complex mining data over the last 6 years to ensure accuracy, security and fairness for honest Pioneers by excluding cheating. It is not just a simple airdrop to tens of thousands of wallets, without much consideration of additional data, like in many other crypto projects. (2) The network has already migrated over 12 million people, which on its own is already an achievement of scalability in the industry, especially given the natively built KYC and migration processes with no fiat cost for users. (3) When the migration condition for going to Open Network was set to be 10 million—striking a balance between the network’s need to transition to Open Network in a timely manner and inclusion of millions of Pioneers in the Mainnet—it was understood and expected that there would be people who need to migrate after Open Network launch. 
Here’s a roadmap of Mainnet migration work based on the network’s priorities.
Completing initial migrations for Pioneers in the queue
Currently, the network is completing the first migrations for the queue of Pioneers, including verified base mining rewards, verified Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards.Second migrations including referral bonuses
After the first migrations in the current queue are completed, second migrations will become the focus. Second migrations will also include referral mining bonuses attributable to referral team members who passed KYC.Ongoing Periodic Migrations
Finally, Pi Network will shift into regular, periodic migrations (e.g. monthly, quarterly etc. to be determined), which will include all bonuses and rewards. 
Note that differences in the UI between the Transferable Balance and the actual migrated balance are as intended—the UI uses simplified calculation estimates in order to save computation time and resources. The balance that is actually migrated to a user’s Mainnet Wallet depends on extensive, precise computations that could take a much longer time per user, going through all their past mining sessions and associated bonuses for the past few years. So the Transferable Balance displayed in the UI is a pessimistic estimate of the actual Pi amount included in the first migration. 
The actual first migration for everyone already contains their verified base mining rewards, Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards for some (basically only excluding the referral mining bonuses). 
Pi Tokenomics and Supply
In light of the discussion about migration, it’s important to remind Pioneers of and educate the general public about the Pi tokenomics and mining mechanism, which were defined in longer form in the Whitepaper in 2021. 
On Pi’s supply and allocations
The Maximum Supply of Pi is 100 billion tokens. The Maximum Supply is comprised of the following: 65 Billion tokens (or 65%) are allocated for all community mining rewards; 10 billion (10%) are allocated for foundation reserves; 5 billion (5%) are allocated for liquidity purposes; and 20 billion (20%) are allocated for the Core Team. Each allocation mentioned above tracks the community Migrated Mining Rewards issuance pace, so the proportions of each allocation in the total supply remains the same at any given time. 
The Effective Total Supply of Pi—the total Pi supply at the current time—proportions the allocations the same as the Maximum Supply. Since every allocation tracks the Migrated Mining Rewards of the community, the Effective Total Supply can be calculated by dividing the current Migrated Mining Rewards of Pi on the Mainnet blockchain by 65%. The other allocations within the Effective Total Supply can then be calculated based on the same proportions as the Maximum Supply, e.g. at most 10% of the Effective Total Supply is available in the foundation reserve, 5% of the Effective Total Supply is available for liquidity purposes, and 20% of the Effective Total Supply is available for the Core Team. This remains true despite the fact that all tokens were minted at the genesis as technically required by the blockchain protocol.
The allocation structure itself ensures the impartial role of any processes that affect the migration speed because all other allocation buckets track the pace of Migrated Mining Rewards. It was intentionally designed to align the interests of all parties in the network to get as many Pioneers and as many Pi onto the Mainnet as possible. 
So, the network is committed to migrating Pioneers and their Pi as soon as possible. 
The Pi Mining Mechanism
The Pi mining mechanism is designed to expand its decentralization, utilities, stability, and longevity, in addition to growth, inclusion and security. 
Pi’s mining rewards are distributed based on an issuance formula that follows a declining exponential decay model defined in the Pi Whitepaper. Pioneers can increase the amount of mining rewards they receive based on their individual contributions to the network, like Security Circles, using utility-based Pi apps, running Nodes, etc. For each month, the amount of Pi to be distributed as mobile balance is capped and determined by the model, regardless of how many people or how many types of mining rewards there are during the month. The capping is achieved by the design of a system-wide base mining rate, and each type of mining rewards to each individual are just a multiplier of this base mining rate. As the monthly supplies always diminish, the base mining rate generally decreases over time. 
Conclusion
The network is dedicated to completing Mainnet migration for all real, verified and honest Pioneers as soon as possible while ensuring accuracy, security and integrity of the network.  Pi’s tokenomics are designed to align long-term network growth with real contributions from the community, ensuring that the issuance model remains fair, progress-driven, and grounded in actual participation.
Read the Pi Whitepaper to learn more.

Pi Network stands at the forefront of the cryptocurrency revolution, not only for its unique approach to mobile mining or its massive community, but also for its deep commitment to creating practical utilities within its ecosystem.
The network pioneered expanding universal access to cryptocurrency with a simple, yet powerful, unconventional invention of mobile mining. What followed is a growing community of over 47 million engaged members. Along with accessibility, utility is another cornerstone purpose of the network. Accessibility answers the question, “How can people around the world irrespective of their economic circumstances and knowledge barriers gain access to the cryptocurrency revolution by actually owning it?” Utility answers the question, “How can cryptocurrency actually make a positive change in the lives of everyday people?” Or “What can cryptocurrency be used for in addition to trading and financial purposes?”
The network has created several forms of utilities. You may be familiar with the Fireside Forum app that uses Pi for decentralized content creation, curation, and moderation; the Staked DM feature in the Chat app that uses Pi for peer-to-peer connections; the wallet app used for direct payment of Pi for goods and services locally; the KYC app that uses Pi to crowdsource essential validation work in the community; or with many of the apps created by Pi community developers with compelling use cases for the Pi cryptocurrency (see, for example, our past Hackathon announcements such as 1 and 2). Apps enrich our lives in many ways and create diverse utilities for the network through innovative integration of Pi cryptocurrency. 
What are Platform-level Utilities?
Apps are, however, not the only source of utilities creation. There is substantial scope for creating utilities at the level of the Pi platform as well. This scope hinges on some of the unique collective resources of this cryptocurrency network, including but not limited to the following: 
The size and engagement of our communityOur collective attentionOur verified digital identityOur large distributed network of computer nodes

At a given point in time, there will be one person or another engaging in one activity or another on the platform. The diversity of these activities has the potential to create diverse utilities for the Pi cryptocurrency. However, if we take stock of our collective resources (i.e., our presence and activities as a whole), how can we translate them into network-wide utilities of Pi that every Pioneer holds? 
This question is key for the creation of utilities on the platform level. On each of the collective resources that the Pi community possesses, it is possible to design and create the utility of Pi. For example, Pi cryptocurrency can be potentially used to access the abundant attention resource of a massive, engaged community in a diverse ecosystem, or to plug services that involve ownership or require human authenticity into a large crypto-enabled, KYC’ed network of humans worldwide—which will especially be a common need in a future world where AI is pervasive—or to deploy software products that require huge, reliable computing power of a distributed system, etc. Pi’s collective resources listed above lend themselves to utility creation on a platform level that will ultimately benefit all Pioneers, because such true utilities will seek to address real human and evolving societal and technological needs and will create organic demand for Pi that every Pioneer holds. 
The platform-level utility of Pi is what the Core Team has been envisioning, researching, designing and building, in addition to the app-level utility creation through the various Core Team apps or enabling community developers to build apps.
An Early Instantiation of Platform-level Utility on Pi
The Roadmap v2 released in December 2023 lists under the Developer Platform and Tools section a stealth project about a utility feature on the platform level, undertaken by the Pi Core Team, currently being designed and tested in stealth mode. This project is an early instantiation designed to leverage some of the collective network resources following the theories and directions on utility creation explained in this announcement. It has the potential to enhance the overall utility of the Pi cryptocurrency, as well as facilitate the sustainability of Pi Apps in our ecosystem. 
Stay Tuned
We will be back with further information to unveil the specifics of this project in the near future. Until then, happy mining, and a heartful shoutout to all in the community to help propel us to Open Network by meeting our KYC and utility goals.
Edit: On March 8, 2024, the network released the first prototype of one such implementation of a platform-level utility—the Pi Ad Network—where advertisers ultimately need to acquire and use Pi to place ads in the Pi ecosystem and Pi Apps on the Pi Browser.
On March 14, 2025, the network released another platform-level utility—the Pi Domains Auction—which enables participants and contributors of the Pi ecosystem to have the opportunity to secure and have customized .pi domains.

Last year, we introduced the vision and initial pilot for the Pi Ad Network—where advertisers use Pi to place ads in the Pi ecosystem and Pi Apps—which was initially released in a pilot launch to 5 community apps and was iterated along with these developers in the pilot. The Ad Network is the first instantiation of a platform-level utility that leverages Pi Network’s collective resources to bring real, organic use cases to the Pi cryptocurrency. 
Developers can apply to join Pi Ad Network now, and join the first group of Pi Apps that participated in the pilot program, who are now generating and receiving ad revenue. But the premise of selection is to be listed in the Mainnet Ecosystem Interface and compliant with developer ecosystem guidelines.
Note: Applying does not guarantee your app will be included—apps must still meet the Mainnet ecosystem listing requirements to be approved.
This moment marks a milestone in Pi platform-level utility—one that transforms the collective attention of Pi’s millions of Engaged Pioneers into a tangible, sustainable, and inclusive mechanism for supporting the Pi App ecosystem.
The Vision Behind the Pi Ad Network
As outlined in our earlier blogs on platform-level utility and the pilot launch of the Pi Ad Network, this initiative was designed to translate Pi’s collective resources, such as Pioneer attention and the size and engagement of the community, into a form of utility that benefits developers and Pioneers network-wide.
Benefits For Developers
The Pi Ad Network in the Open Network period enables Pi Apps developers to monetize Pioneers’ attention that their apps are able to attract from the Pi Platform through the Pi Browser.
Building and maintaining meaningful apps—those that attract, retain, and serve the needs of Pioneers—requires time, talent, infrastructure, and ongoing operational resources. As app usage grows, so do these costs that can be covered in their earnings from the Pi Ad Network.
The Pi Ad Network solves this issue by allowing developers to earn directly in Pi, in proportion to the real attention their apps generate across the platform. By requiring advertisers to acquire and spend Pi to access this attention, the network creates a full-circle system: developers are compensated in the very currency that their users hold and use, incentivizing app quality and development, ecosystem participation, and long-term innovation. In this way, the monetization issue becomes a utility opportunity—fueling a healthier app ecosystem and broader utility for Pi itself.
Benefits For Pioneers
By requiring the use of Pi in transacting ads displayed in the ecosystem, the Pi Ad Network enforces that the access to the ecosystem attention resource relies on Pi cryptocurrency that every Pioneer holds. This ensures that developers’ benefits align with benefits for the entire community.
For instance, developers supported by the Ad Network’s monetization will be able to build and innovate more Pi Apps where Pioneers can use their Pi for goods and services. On the network level, this advances the whole ecosystem and utility creation that ultimately benefits Pi Network as a whole.
Developers: Apply Now to Join the Pi Ad Network
Pi is now opening the Pi Ad Network SDK to all community developers whose apps are in the Mainnet Ecosystem Interface. Eligible developers can integrate ads into their Pi Apps in a consistent, secure, and user-friendly way through a unified framework.
Documentation, technical onboarding materials, and ad content guidelines are available within the Pi Developer Portal.
Here’s a quick guide on how to submit your application through the Developer Portal:
1. Open the Pi Browser and select “Develop” to access your Developer Portal.
2. In the Developer Portal, select the app you want to apply for the Pi Ad Network.

3. Scroll down on the app details page and tap the “Dev Ad Network” application button.

4. Click on “Ads Checklist” and complete all three steps outlined in the Pi Ad Platform Checklist. Be sure to follow the instructions carefully and submit the application form once completed.

Pi Network’s first-ever Open Network PiFest concluded with historic global engagement, underscoring the growing momentum of Pi-powered local commerce and the expanding utility of Pi in everyday transactions. Held from March 14 (Pi Day) to March 21, 2025, PiFest 2025 marked the first global commerce event fully supported by Open Network external connectivity, setting a new standard for real-world Pi utility at scale.
Massive Participation Reflects Ecosystem Growth

This year’s PiFest brought together Pioneers and local merchants across the world, leveraging Open Network connectivity to expand the adoption of digital transactions in local commerce via the Pi Mainnet blockchain. 
With over 125,000 registered sellers—including 58,000 active sellers—the event demonstrated significant expansion from previous years and a clear upward trend in Pi adoption in local commerce. Over 1.8 million Pioneers have used Map of Pi, and more than 45,000 reviews were submitted by Pioneers, helping to build trust and visibility within the community-led Pi commerce ecosystem. 
Pioneers engaged in real-world transactions ranging from everyday essentials to professional services, reflecting Pi’s expanding reach and practical use. The event showcased participation from diverse business types, including a cozy cafe, a fashion boutique, an auto shop, a freelance designer, etc —each utilizing Pi Wallets for payments and embracing Pi as a payment method.
The ability to facilitate local business discovery through Map of Pi, payment through Pi Wallets and the Pi Mainnet blockchain, and engagement through Fireside Forum—all within the Pi ecosystem—reflects once again Pi’s full-circle utility loop in action.
PiFest as a Vehicle for Utility Acceleration on Open Network
As emphasized throughout the event, PiFest is more than a celebration—it exemplifies and demonstrates Pi’s real-world utility. With Open Network fully live, PiFest shows how Pi can support genuine commerce and empower local economies worldwide.
This event marked a critical moment in the Pi journey: moving from Enclosed Network utility, which was limited to within the Pi network, to practical utility at scale in Open Network, open to the world. The success of PiFest shows that Pioneers and businesses are open and eager to transact in Pi, reinforcing Pi Network’s long-term vision of building an inclusive, peer-to-peer ecosystem powered by Pi.
Though PiFest has concluded, the ecosystem it amplifies continues to grow. Pioneers are encouraged to keep exploring Pi-integrated businesses through Map of Pi and other Pi apps, and merchants can continue registering their shops and reaching new customers using Pi.

As part of the .pi domain auction process, Pi wants to ensure that compliant Pi community apps that have completed PiNet migration can secure their domains without bidding. This aligns with the previously announced PiNet migration process and the 2024 Pi Day communications.
If your app completed PiNet domain migration and integration previously, and complies with the Ecosystem listing guidelines, your corresponding .pi domain is reserved for you and will not be included in the auction. 
Some/new developers may have missed the initial PiNet migration opportunity, despite multiple communications throughout 2023–2024. To address this, Pi is offering a grace period until May 28th for eligible Pi apps that are on the Ecosystem listing to complete their PiNet integration and secure their .pi domain. 
To have your app’s .pi domain reserved and removed from the Auction, you must fully complete PiNet integration and comply with the Ecosystem listing guidelines by May 28th. Both requirements must be met before the deadline.  
Here’s the next steps for developers:
Check if your app has already integrated with PiNetIf you’ve completed PiNet migration, no further action is needed – your domain is reserved.If your app has not yet integrated with PiNet:Complete your PiNet integration by May 28 to secure your domain.You can find the PiNet setup guide here: PiNet Developer GuideIf you choose not to migrate to PiNet, your domain will remain in the auction and will not be automatically reserved.
If you have any questions or need assistance, please reach out. Pi appreciates your contributions to the Pi ecosystem and looks forward to seeing your continued innovation.
Instructions:
Register Your PiNet URL
First you must register your PiNet URL within the Pi Developer Portal. The field for this is found on the “PiNet Settings” page of the app dashboard. Upon clicking on this page you must first register the URL. Choose Display Preferences
Select how a user should see the application. The options are Fullscreen or mobile screen. Should a developer select the checkbox for Full Screen then a user who opens the application on a desktop browser will see the app stretch to take up the full window. Understand the Appended URL Security Feature
The initial URL will have a random string of characters appended to the URL, this is a security feature to prevent impersonation or domain squatting. Quality Pi Applications, at the Pi Core Team’s discretion, can be given plain URLs that do not have the unique string appended to them. Confirm URL Creation
Once registered for the URL then the application should become available at the PiNet URL displayed on your app dashboard. This is not the end however.Optimize your Application for PiNet Use
It is best practice for the application to be optimized for PiNet use and developers should work on updating their user flow in order to give non pioneers the opportunity to experience as much of the application as possible.