#Pi Network

Mainnet Migrations Roadmap By Priorities & Explaining Pi’s Tokenomics and Supply
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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).