Pi Coin Developers Release Update on Token Distribution, Mainnet Migration

The developers of Pi Coin (PI) have released a detailed update outlining their Mainnet migration roadmap, while also providing in-depth explanations of the supply structure and tokenomics of the project. Pi Coin is trading 79% lower than its all-time high set 2 months ago. It is also important to be cautious about the allegations related to the Ponzi scheme surrounding this currency. According to the developers, unlike traditional cryptocurrency projects that usually distribute coins through simple airdrops, the process of moving Pi Network is much more complex. This network aims to fairly and safely move tens of millions of users or "Pioneers" based on data collected over many years of mobile mining. According to the developers, more than 12 million Pioneers have been successfully migrated to the Mainnet. The initial goal was to move at least 10 million users before the launch of the Open Network, but the developers noted that many users would continue to migrate even after the Open Network is launched. The Pi Core team has outlined a structured roadmap focusing on three key transition phases: Completing the first migration: Currently, the network is focusing on completing the first migration, which includes verified core mining rewards, Security Circle rewards, lock rewards, utility usage rewards, and verified node rewards. The second round with Referral Bonuses: The second round will begin after the first round is completed. It mainly includes referral mining bonuses earned from team members who pass KYC. Periodic migrations are ongoing: The final stage will include regular migrations ( that can be monthly or quarterly ) on all types of rewards to ensure long-term scalability. Developers argue that the balance displayed in the user interface of (Transferable balance) is a simplified estimate. The actual balance carried forward involves deeper calculations that may take longer to process, considering each user's entire mining history. As the conversion process continues, the developers have provided information about the tokenomics of Pi. Here are the details, according to the developers: Maximum Supply: Pi has a fixed maximum supply of 100 billion tokens allocated as follows: 65% for community mining rewards, 10% for platform reserves, 5% for liquidity, and 20% for the core team. These ratios will remain stable over time, monitoring the mining reward movement speed, allowing the effective total supply to expand proportionally. For example, if 1 billion Pi tokens are moved, the effective total supply will be approximately 1.538 billion tokens calculated as 1B ÷ 65%.