Pi Coin Announces Mainnet Transition Roadmap… "Schedule and Reward Criteria Unclear"

Pi Network has unveiled a mainnet migration roadmap on the 18th (local time), introducing a new reward system including referral bonuses, along with a three-phase transition plan for all participants. However, the absence of specific schedules and key metrics has led to user dissatisfaction.

According to the roadmap, Pi Network will first conduct the initial transition for users who have completed KYC (Know Your Customer), including basic mining rewards, Security Circle (SC) contributions, lock-up agreements, utility app usage rewards, and some node operator rewards. In the second phase, referral mining bonuses will be transferred, and in the final third phase, remaining rewards will be sequentially transferred on a monthly or quarterly basis. However, the speed of transition and exact schedule are only stated as "to be decided later."

Users have expressed concerns that the roadmap lacks critical information such as the network's daily processing capacity or the number of people in the queue. According to BeInCrypto, some node operators have expressed anxiety that "some rewards have been deposited, but the criteria are unclear," fearing exclusion from future rewards. Many participants have not received their mining rewards, raising doubts about the transparency of referral bonus payments.

The display of 'transferable balance' on the UI (User Interface) showing a lower amount than the actual transferable amount is also controversial. Pi has explained this as a design to save system resources, but users are concerned that distorted display of actual balances could damage trust.

The roadmap does not include procedures for raising objections to data errors or reward omissions. Particularly, since all migrations depend on KYC completion, the lack of mention of plans to expand verification or processing capacity raises the possibility of delays in the full transition. The link between the lock-up timing of 189 million Pi Coins (PI) this month and the transition plan is also unclear.

Some doubts about Pi Network have also emerged. Users who have mined Pi Coins for six years claim that their experiences contradict Pi Network's assertion that all Pi Coins were issued from Genesis. As a result, some users criticize that "Pi Coin was never a blockchain in the first place."

In fact, the price of Pi Coin has fallen by over 45% in the past month. According to the virtual asset market platform CoinGecko on the 18th, Pi Coin is trading at around $0.65, up 6.5% from the previous day.