Pi Network Reveals Mainnet Migration Roadmap and Tokenomics for 2025

Pi Network has released a detailed roadmap for its Mainnet migration, while also clarifying its tokenomics and supply mechanisms. In a recent blog post titled “Mainnet Migrations Roadmap By Priorities & Explaining Pi’s Tokenomics and Supply,” the Pi Network team provided a comprehensive update for Pioneers and the broader cryptocurrency audience who have been eager to hear from the team regarding future updates since the Open Network went live. 

This article breaks down the key points, including the migration priorities, tokenomics structure, and mining mechanisms, to offer clarity on the mobile mining blockchain’s path forward in the Decentralized Finance (DeFi) space.

Mainnet Migration Roadmap: A Phased Approach

Pi Network’s Mainnet migration is a complex process, given its scale and commitment to fairness. The blog emphasizes three critical facts:

• The migration involves tens of millions of users and six years of mining data, requiring precision to exclude cheating and ensure security.
• Over 12 million Pioneers have already migrated, marking a significant milestone in the crypto industry, achieved through natively built Know Your Customer (KYC) and migration processes at no cost to users in fiat currency.
• The network set a goal of migrating 10 million users before transitioning to the Open Network, striking a balance between timeliness and inclusivity, while anticipating additional migrations post-launch.

The roadmap outlines three priority phases for Mainnet migration:

1. Completing Initial Migrations

The network is currently focused on completing migrations for Pioneers in the queue. This includes verified base mining rewards, Security Circle rewards, lockup rewards, utility app usage rewards, and confirmed Node rewards. 

The blog notes, “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).”

2. Second Migrations for Referral Bonuses

Once the initial queue is cleared, the network will transition to second migrations, which will include referral mining bonuses for team members who have completed their KYC verification. This phase ensures that Pioneers who contributed to network growth through referrals are rewarded.

3. Ongoing Periodic Migrations

After completing the second migrations, Pi Network will transition to regular, periodic migrations—potentially monthly or quarterly. These will encompass all bonuses and rewards, ensuring a steady onboarding of remaining Pioneers to the Mainnet.

The blog also addressed discrepancies between the app’s user interface (UI) and actual migrated balances, amid questions within the ecosystem, explaining, “The Transferable Balance displayed in the UI is a pessimistic estimate of the actual Pi amount included in the first migration.” This is due to simplified calculations in the UI to save computational resources, while the actual migration involves precise computations of past mining sessions and bonuses.

Pi Network Tokenomics: A Structured Approach

Pi Network’s tokenomics are designed to align the interests of the community, foundation, liquidity providers, and the Core Team. The blog provides a clear breakdown of the token supply and allocation structure, as originally detailed in the 2021 Pi Whitepaper.

Maximum and Effective Total Supply

The Maximum Supply of Pi is capped at 100 billion tokens, allocated as follows:

• 65 billion (65%): Community mining rewards.
• 10 billion (10%): Foundation reserves.
• 5 billion (5%): Liquidity purposes.
• 20 billion (20%): Core Team.

The Effective Total Supply, which represents the current circulating supply, mirrors these proportions. “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%,” Pi Network further explained how the Effective Total Supply is calculated. 

This structure ensures that all allocations scale proportionally with community mining rewards, maintaining fairness. The blog further clarifies that while all tokens were minted at the blockchain’s genesis for technical reasons, the allocation structure aligns the interests of all parties. “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,” the blog states.

Pi Mining Mechanism: Fair and Contribution-Based

Pi Network’s mining mechanism is designed to promote decentralization, utility, stability, and longevity. Unlike traditional crypto mining, Pi’s model rewards contributions to the network, such as participating in Security Circles, using utility-based Pi apps, and running Nodes.

The mining rewards follow a declining exponential decay model, as outlined in the Whitepaper. For each month, the amount of Pi to be distributed as mobile balance is capped and determined by the model, regardless of the number of people or the types of mining rewards available during the month. This capping is achieved through a system-wide base mining rate, with individual rewards calculated as multipliers based on the contributions made. As monthly supplies decrease, the base mining rate gradually declines.

In the meantime, the protocol will build on the progress made in Q1 2025 and commit to completing Mainnet migrations for all verified Pioneers, prioritizing accuracy, security, and integrity. “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.”