Pi Network, a mobile-first cryptocurrency platform, is making headlines as it has released mainnet migration roadmap recently, there has been massive transfers of Pi Network tokens from exchanges and the market environment may have influenced the price of the token.
Mainnet Migration Roadmap: Clarity and Confusion
Pi Network has revealed its roadmap which has been divided into three main phases. The main aim of this roadmap is to move user balances to the blockchain through a step-by-step process. The process has been described below:
- The network is working on finalizing the distribution of rewards and incentives to users who have participated in the network activities. These activities include verified mining rewards, security circle bonuses, lockup incentives, utility app usage rewards, and confirmed node rewards.
- The next step would be a second migration process. Here the focus would be on the referral mining bonuses for those whose team members have passed the KYC process.
- The last step defined in the roadmap is the periodic migration where the network will ensure that all eligible rewards are transferred regularly.
Even though the structure has been provided, a sense of confusion prevails within the community as there has been no information regarding when can users fully use their Pi balances.
The community is also frustrated because the team says the balance shown in the app is just an estimate and the actual amount will be calculated later.
Tokenomics and Supply Mechanism
According to the roadmap, the Pi tokenomics are the same as mentioned in its 2021 whitepaper
- Maximum Supply: 100 billion Pi tokens
- 65% for community mining rewards
- 5% liquidity
- 20% for the core team
Pi Network is trying to be fair and distribute rewards based on mining progress, making sure that everyone gets a fair share.
Whale Activity
A large, unknown wallet received 48 million Pi Network tokens from OKX exchange a few hours ago today April 21, 2025. The said Pi Network tokens have been deposited into “GASW” wallet, making it the largest non-core team, non-exchange Pi holder. This move has sparked speculations about its owner and its purpose.
With this move, the token supply has reduced on exchanges, and this could potentially signal towards insider confidence or a sudden market move.
Pi Network Price Movement
With this development, the price of Pi Network token has also experienced an uptick. At press time, the price of the token is up by 1.3% in the last 24 hours and price stands at $0.6387 as per CoinGecko.
Since Bitcoin is currently hovering above the $87,000 mark, which is a sign of recovery, there are chances that the crypto market could strengthen. This could lead to a positive effect on tokens like Pi, as bullish sentiment and capital flows often leads to growth in the entire sector.
Also Read: PancakeSwap to Launch CAKE Tokenomics 3.0 on April 23
