Three-Phase Mainnet Migration Plan Revealed Without Timeline
The post Three-Phase Mainnet Migration Plan Revealed Without Timeline appeared on BitcoinEthereumNews.com.
TLDR Pi Network released a three-phase Mainnet Migration Roadmap with no specific timeline Over 12 million users have successfully migrated to the mainnet so far Pi Coin price dropped 45% in the past month but saw a brief 4% rally after the roadmap release A 108.9 million Pi token unlock occurred at the beginning of April, raising questions Pi Network founder Nicolas Kokkalis is scheduled to speak at Consensus 2025 Pi Network has finally unveiled its eagerly awaited Mainnet Migration Roadmap, detailing a three-phase approach to transition its millions of users onto the open network. The announcement on April 18, 2022, comes as the token price has fallen by more than 45% over the past month. The migration plan prioritizes different groups of users across three phases. The first phase focuses on KYC-verified users and rewards contributions from mining, Security Circles, locked-up tokens, utility apps, and Node operators. Phase two will add referral mining bonuses, but only for users with fully KYC-verified referral teams. The third phase will consist of ongoing periodic migrations, potentially monthly or quarterly, to complete the transition for remaining users. According to Pi Network, more than 12 million users have successfully migrated to the mainnet. This is a major milestone for a new blockchain that developed its KYC and migration systems from scratch at zero cost to users. 🎉 $Pi to $5 journey just began. $PI has a very strong support at $0.6.$5 is a very possible valuation. Good utilities will push it up. #PiNetwork pic.twitter.com/qL7NjoHuvJ — Pi Network News (@PiMigrate) April 20, 2025 Community Frustration Grows Despite the structured phases, many Pi Network users express frustration over the lack of a specific timeline. Without a schedule, users cannot predict when their rewards will arrive. Many report tapping the “claim” button daily only to find zero…
Filed under: News - @ April 21, 2025 10:28 am