Greetings, Pioneers! This article breaks down Pi Network’s roadmap for Mainnet migration and offers a simplified explanation of Pi’s tokenomics and supply framework.

Mainnet Migration Priorities Explained

When it comes to Mainnet migration, several key facts must be considered:

1. Complex Migration Process: Unlike typical airdrops that involve sending tokens to a limited number of wallets, Pi Network’s migration involves tens of millions of users. The system must carefully analyze six years of mining data to ensure fairness and exclude any attempts at manipulation.
2. Over 12 Million Migrated: More than 12 million Pioneers have already been successfully migrated—an impressive milestone, especially considering the process involves free KYC and migration mechanisms built from scratch.
3. Post-Open Network Migrations: Although the goal was to migrate 10 million Pioneers before the Open Network launch, the Core Team anticipated that more users would migrate afterward. These post-launch migrations continue.

Here’s a breakdown of the migration roadmap:

• Phase 1: Initial Migrations
  Current efforts focus on the first migration stage, which includes base mining rewards, Security Circle bonuses, lockup incentives, app usage rewards, and confirmed Node earnings.
• Phase 2: Second Migrations (Referral Bonuses)
  Once initial migrations conclude, the network will begin second migrations. This phase will cover referral mining bonuses for team members who passed KYC.
• Phase 3: Periodic Migrations
  Eventually, Pi Network will shift to periodic migration rounds (monthly or quarterly), encompassing all reward categories.

Note: Variances between the “Transferable Balance” shown in the app and the actual migrated amount are expected. The app shows estimates, while the final migrated balance is calculated using detailed historic mining data—resulting in a more accurate figure.

Understanding Pi Tokenomics and Supply Model

To support the migration process, it’s important to revisit Pi’s tokenomics, as outlined in the 2021 Whitepaper.

• Max Supply: Pi’s total cap is 100 billion tokens, broken down as follows:
  • 65% for community mining rewards
  • 10% for the foundation reserve
  • 5% for liquidity
  • 20% for the Core Team

All supply categories scale in proportion to the actual amount of Pi migrated. This means the current circulating (effective) supply reflects the same ratios as the maximum supply, ensuring consistent token distribution.

• Effective Total Supply: Calculated by dividing current migrated Pi by 65%, maintaining balance across all other allocations.

This model ensures that migration speed does not favor any one group. The design aligns incentives across the community, Core Team, and foundation to onboard more users and Pi into the Mainnet.

Pi Mining Mechanism

Pi’s mining model supports decentralization, utility, and security. It uses a declining reward system, meaning fewer Pi tokens are distributed over time.

Pioneers earn based on contributions—building Security Circles, running Nodes, or using Pi-based apps. A capped monthly issuance rate sets a base mining rate, which is adjusted individually using contribution multipliers. As monthly issuance decreases, the base mining rate also declines.

Final Thoughts

The Pi Network remains committed to migrating all verified users efficiently while maintaining system integrity. The tokenomics model supports long-term sustainability and rewards meaningful contributions, not just participation.

For a deeper dive, check out the official Pi Whitepaper.