Pi Network moderator hints at 2025 mainnet migration, potentially unlocking referral bonuses and boosting Pi Coin utility.
The potential for a second mainnet migration in 2025 has been suggested by a moderator of the Pi Network. This new comment rekindled the enthusiasm of the Pi community.
The Pi Network Moderator has proposed that a second migration may occur
In a recent X post, Pi community influencer Woody Lightyear announced that a Pi Network moderator had recently validated the feasibility of a second migration. The discussion commenced when a community member addressed apprehensions regarding the lengthy delays in transferring referral bonuses and unverified balances.
He acknowledged that, even though the initial migration has been ongoing for years, it is feasible to conduct a second migration this year. He believes that this action could incentivize Pioneers to remain involved and continue to contribute to the ecosystem’s expansion.
The Times of PiNetwork clarified that the second mainnet migration would concentrate on the migration of tokens that have not yet been migrated, thereby substantiating this assertion. This pertains to referral mining bonuses and balances associated with users who have recently concluded the KYC process. Additionally, they disclosed that Pi programmers possess additional knowledge than they disclose.
In Pi Network’s context, migration is transferring user accounts and balances from the enclosed testnet to the active mainnet. This critical process unlocks the genuine utility of Pi coins. It enables the currencies to be utilized in various decentralized applications and services.
The system’s scalability was demonstrated, and early adopters were brought onto the mainnet during the initial migration, establishing the foundation. A second migration could increase the number of active purses and liquidity.
Analysts, however, suggest that this may be postponed for an extended period. They disclosed that the Pi Core Team will likely exercise caution regarding the premature release of all tokens. A premature release could result in many holders selling and exiting the ecosystem, as Pi’s price has recently fluctuated between $0.3 and $0.40.
Recent developments in the Pi ecosystem support the claim
After the Pi Core Team reminded users to complete two-factor authentication in their Pi Wallets, rumors of a second migration gained momentum. This is a fundamental component of the mainnet migration procedure. Although the timing was presented as a security measure, it fueled speculation that another large-scale migration was in the works.
Simultaneously, Pi Network is implementing measures to enhance its practical applications. With the commencement of the Pi Hackathon, developers are encouraged to develop decentralized applications for the ecosystem. By fostering meaningful initiatives, the hackathon has the potential to generate enduring interest. This foundational labor can assist in the preservation of demand following the completion of the migration.
In addition to migration, Pi Network may capitalize on advancements in blockchain tokenization. Stellar, a close collaborator in Pi’s infrastructure, was recently welcomed by the ERC-3643 Association, which promotes tokenized real-world assets (RWAs). This action may position Pi Network to participate in regulated digital asset markets.
The Pi Core Team has not yet provided confirmation, but it is hard to ignore the indications. A second migration would resolve long-standing frustrations around referral bonuses and delayed balances while increasing the number of pioneers participating entirely on the mainnet.