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. #PiNetworkpic.twitter.com/qL7NjoHuvJ
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 rewards in their wallets. Others say they’ve received only partial transfers with no explanation for the discrepancies.
The “Transferable Balance” display in the Pi app has become particularly controversial. The project team claims it was intentionally designed to show a conservative estimate to conserve system resources.
These issues have contributed to growing uncertainty within the Pi community. The absence of concrete dates has left many users wondering when they’ll finally gain access to their tokens.
Token Economics and Recent Price Action
With migration underway, Pi Network clarified its tokenomics model. The network has a maximum supply of 100 billion Pi tokens, distributed as follows:
65% goes to community mining rewards. 10% is allocated for foundation reserves. 5% is set aside for liquidity. The remaining 20% belongs to the Core Team.
All allocations remain proportional to the number of Migrated Mining Rewards. No group can accelerate its share independently. This model aims to align incentives throughout the network while maintaining fairness during the transition.
Despite these clarifications, market reactions suggest deeper issues. Pi Coin’s price fell by more than 45% in the past month but has rebounded slightly to about $0.65, according to CoinGecko data.
A 108.9 million Pi token unlock at the beginning of April has further complicated matters. There’s no clear connection between this unlock event and the migration schedule, raising questions about whether the project is prioritizing internal allocations over user rewards.
Future Outlook and Consensus 2025
Pi Network’s price saw a brief 4% bump following the roadmap release, though most of these gains were lost shortly after. The token is currently testing resistance around $0.66.
If it breaks above this level, analysts suggest it could move toward $0.789 or even $0.858. Failure to break $0.66 may trigger a pullback toward support zones near $0.54 or $0.40.
Pi Network’s upcoming appearance at Consensus 2025 could be a pivotal moment for the project. Founder Nicolas Kokkalis is scheduled to speak alongside notable figures like Bo Hines and Eric Trump, potentially increasing the network’s global visibility.
Analyst Dr. Altcoin views this event as a defining moment, calling on the Pi Core Team to expedite KYB (Know Your Business) approvals and accelerate DApp launches across the network.
Consensus 2025 Summit is a huge opportunity to promote Pi Network—and one of the best so far! I call upon the Pi Core Team to expedite at least the following before the summit:
While short-term outlook remains volatile, long-term supporters believe the project could reach $3, provided the core team executes effectively on both technical development and user adoption.
For now, the market remains cautiously watching the project’s next moves, particularly how it handles the migration process and addresses community concerns about transparency.
The Pi Network team has yet to release updated figures on how many tokens have already migrated or how many users remain in the queue, leaving many questions unanswered as the project moves forward with its mainnet transition.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
$Pi to $5 journey just began. $PI has a very strong support at $0.6.
