Pi Network’s KYC-Driven Mainnet Migration Gains Momentum: Over 119K Users Migrate Referral Rewards
Pi Network has launched its Second Migration Phase following Pi Day 2026, allowing users to transfer additional balances to the mainnet. This update specifically processes previously excluded referral mining rewards, which are contingent on the KYC verification of referred members. More than 119,000 users have completed this phase as access continues to roll out incrementally.
Referral bonuses are calculated per individual mining session, with backend systems auditing activity records and KYC status. This tiered release highlights Pi Network's focus on regulatory compliance and gradual decentralization. The move aligns with the broader industry trend of linking crypto incentives to verified identity checks.