Lagos, Nigeria — Pi Network don publish beta update wey show how dem go move una balance to di Mainnet. Di migration process, wey don dey go for six years, involve over ten million users wey don mine Pi tokens.
Di Mainnet migration no be like wetin other crypto projects dey do, like simple airdrops. Instead, dem dey use audited mining data to ensure say no cheating dey happen and everything dey fair for all users. Pi Network don already migrate more than 12 million users, wey be big milestone for scalability.
Dem set di migration roadmap into three phases depending on wetin dem prioritize for di network. According to dem, di “Transferable Balance” wey users dey see for di app na just for save computational load. Di real amount wey go enter Mainnet wallets fit dey more than wetin dem calculate, because na extensive calculations of di mining behavior and rewards over di years dey determine am.
As for di tokenomics, Pi Network get 100 billion Pi tokens wey dem dey limit to, with 65% reserved for community mining rewards, 10% for di foundation, 5% for liquidity, and 20% for di Core Team. Di reserves go increase based on how many Pi hin don migrate, to make sure say di system dey fair and balanced.
Pi mining rewards go dey decline over time, meaning say di more users participate, di greater di rewards. Users fit increase dia mining rewards through Security Circles, utility apps, and by operating Nodes. Di rewards dey depend on wetin dem call declining base rate wey go dey reduce each month. Dis na part of di strategy to promote sustainability and decentralization.
In summary, Pi Network dey progress well with di Mainnet migration in a fair and secure way, as dem dey maintain transparency about di token distribution and mining rewards. Stay tuned for more updates as di migration move forward.
