Pi Network Unveils Long-Awaited Mainnet Migration Roadmap, Dividing the Process into Three Phases

Pi Network has recently unveiled its long-awaited Mainnet Migration Roadmap, dividing the process into three phases while simultaneously navigating scheduled

Pi Network is making progress with its Mainnet Migration Roadmap, planning the transition in three phases. This comes as the project is also juggling scheduled token unlocks that could influence the price action of Pi Coin (PI).

Recently, the network announced the three phases of its upcoming Mainnet migration plan.

The first stage will focus on completing KYC and migrating users accordingly. Those who contribute to the network through mining, Security Circles, locked-up tokens, utility apps, and Node operators will be prioritized.

The second phase will see the addition of referral mining bonuses for those whose entire teams are fully KYC-verified.

Finally, the third phase will involve ongoing periodic migrations—potentially monthly or quarterly—to continuously transition the remaining users.

According to Pi Network, over 12 million users have already successfully migrated, which they highlight as a remarkable achievement for a new blockchain that developed its KYC and migration systems from scratch without any cost to users.

However, despite these advancements, many users report tapping the “claim” button daily to collect their rewards but finding nothing in their wallets, while others mention receiving only partial transfers without explanation.

Those who have been following Pi Network closely know that the project has been focusing on completing the KYC process for its users.

Earlier this month, a significant event occurred with the unlock of 108.9 million Pi tokens. These tokens were allocated to the Foundation to support the network's growth and liquidity.

Today marks another important day for Pi Network as 5.6 million tokens are scheduled to unlock from the project's token unlocks.

Price Indicators and Market Response

Pi Coin has experienced a decline of more than 45% over the past month, although it has shown resilience with $0.60 acting as strong support.

Currently, Pi is testing key resistance around $0.66. A breakout above this level could potentially trigger a move toward $0.789 or even $0.858, setting the stage for a stronger bullish trend.

If momentum continues, higher targets at $1.23 and $1.79 may come into play. Conversely, failure to break $0.66 might result in a pullback toward support zones, possibly around $0.54 or even $0.40.

Some analysts remain optimistic, suggesting that a path to $5 is still possible if the project continues to deliver on its roadmap and expands its use cases.

Upcoming Events: A Catalyst for Price Action?

Excitement is building around Pi Network’s upcoming appearance at Consensus 2025, one of the largest events in the crypto industry.

Founder and Head of Technology Nicolas Kokkalis is set to speak at the event, sharing the stage with notable figures like Eric Trump and Robert Hines, an executive advisor on digital assets for the White House.

Kokkalis's inclusion in the speaker lineup is being viewed as a milestone for Pi Network, potentially signaling growing credibility and relevance in the broader Web3 space.

Analyst Dr. Altcoin sees this event as a defining moment and has urged the Pi Core Team to expedite KYB (Know Your Business) approvals and accelerate DApp launches across the network.

With the token unlock and the project's founder appearing on a major platform, the coming weeks could be crucial for Pi Network’s future trajectory.

Pi Network also took the opportunity to clarify its tokenomics model. The total supply is set to a maximum of 100 billion Pi, distributed as follows: 65% for community mining rewards, 10% for foundation reserves, 5% for liquidity, and 20% for the Core Team.

The network highlighted that all allocations will remain proportional to the number of Migrated Mining Rewards, and no group can accelerate its share independently.

However, despite this clarification, the network has yet to provide any updates on how many tokens have already been migrated or how many users are still in the queue.

The "Transferable Balance" display in the Pi app has become a subject of contention among users. The project team explained that it is intentionally designed to show a conservative estimate in order to conserve system resources.

As Pi Network navigates these challenges, the market’s response to today’s token unlock and the practical implementation of the migration roadmap will likely influence its short-term price movements.