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$PI Gate News reports that in 2026, Pi Network will officially advance the second phase of mainnet migration after Pi Day, allowing users who have completed the initial migration to transfer additional balances, including long-term accumulated referral rewards. Currently, over 119,000 users have completed the second phase of migration, but the process remains a phased rollout, not all users participating simultaneously. The core of this upgrade is the release mechanism for referral rewards. Users can transfer Pi contributed by their referral team into their mainnet account, provided that the related members have completed KYC verification. Accounts that have not completed verification will be unable to transfer their rewards. This rule encourages the community to accelerate the identity verification process and directly impacts the final amount of assets users can withdraw. On the operational level, because each account’s mining records and referral structures vary significantly, the system needs to verify data individually to ensure accurate reward distribution. Therefore, the migration progress is cautious to reduce errors and maintain fairness. Meanwhile, Pi Network has explicitly stated that the initial migration remains the top priority. Users who have not yet completed mainnet migration are still at the front of the processing queue, while the second phase of migration is being carried out in parallel as a supplementary process. This layered strategy prevents resource contention and helps ensure a smooth overall network transition. Regarding security, users must enable two-factor authentication (2FA) and complete wallet-related setup before transferring assets. Since blockchain transactions are irreversible, the platform has strengthened multi-factor verification processes to reduce losses caused by operational errors. On the ecosystem development front, Pi Network is expanding application scenarios. The testnet has launched Pi Launchpad, supporting project token issuance and application development, while tools like Pi App Studio continue to be updated, promoting the transition of tokens from “mining assets” to “practical use.” As migration progresses, Pi Network’s development focus is shifting from user growth to ecosystem implementation, with mainnet progress and application expansion becoming the next key areas of focus.

$PI Please be patient.