Pi Community has released a big update for its millions of users i.e. Pioneers. The network has shared a new roadmap of its Mainnet Migration, stating how migrations will be completed in a phased manner and on the basis of what preferences will be done. Also, several important information related to tokenomics and mining models has been shared.
Step-by-step migration procedure roadmap
Pi Community has divided its migration into three main phases:
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First Phase: In this phase those pioneers are being migrated who have already passed the KYC. Their Bottom Mining Rewards, Safety Circle Rewards, Lockup Rewards, Usefulness Apps Utilization Rewards, and Showed Node Rewards are being transferred to the wallet.
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Second Phase: In this, pioneers will be given their referral bonuses, provided their team members have also completed KYC Procedure.
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Third Phase: In the future, Pi Community will continue to migrate in regular intervals (such as monthly or quarter), so that all bonuses and rewards can be distributed correctly.
Difference in balance and real transfer in UI
Users actually have an estimate that users sees “transferal balance” in their app. Real migrations performed extremely accurate and detailed calculations, based on the last 6 years of mining history. This is the reason that many times the balance in UI is less or different from migrated balance.
Transparency and balanced distribution in pi tokenomics
Pi Community released Pi Tokenomics with 100B token supply Is, of which:
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65% for mining rewards
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10% Foundation for Reserve
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For 5% liquidity
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20% core are prescribed for staff.
All these parts are activated according to the speed of “migrated mining rewards”, which keeps transparency in the network and no party can get unfair advantage.
Pi Community Mining Type
The PI’s mining model is based on “exponational decay”, that is, the mining rate decreases over time. Every month the amount of a fixed Pi coin is mined. Users have to participate in activities like safety circles, usefulness apps, and Pi Nodes to get more rewards. This also increases the safety, utility and stability of the network.
Significantly PI Advert Community Seen for All Mainnet Builders Was.
Conclusion
This new roadmap of Pi Community shows that the team is committed to making the migration process transparent, fair and inclusive for all pioneers. Whether it is the difference between UI and balance or token distribution, efforts are being made to strengthen every aspect from technical and moral perspective.
In such a situation, it is now the turn of Pioneers, that they be active, complete KYC and increase their contribution in the network, because the future of Mainnet is in their hands.
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