#PI Pi Network Overview

Pi Network is a mobile-first cryptocurrency network that enables users to mine with low battery and low data consumption using smartphones. It relies on a security circle and SCP consensus mechanism to ensure decentralization and security of the network. The goal is to popularize blockchain technology among ordinary users worldwide. The project development is divided into four phases: design and deployment, testnet mining, cross-application integration, and mainnet launch. On February 20, 2025, it officially entered the open mainnet phase, transforming Pi from a test token into a real-value, transferable digital asset, bringing new opportunities for community users to access real applications and asset circulation.
In early 2026, Pi Network underwent a major update, unfreezing nearly 2.5 million user accounts previously frozen due to compliance and security checks. Qualified users’ balances were automatically migrated on-chain, and 700,000 users who did not initially meet the criteria were allowed to submit KYC applications. The total number of mainnet migrated users has exceeded 16 million. The network also added palm print authentication technology for KYC verification, account recovery, and dual security validation. Rewards for KYC verifiers are scheduled to be officially distributed by the end of March 2026.
Regarding token economics, the total supply of Pi is capped at 10 billion coins, with 65% allocated for community mining rewards. The remaining portion is reserved for the foundation, liquidity, and the core team. The issuance follows a decreasing model, with mining rewards gradually reducing over time. The mainnet migration is not a simple airdrop but a comprehensive verification of mining data from the past six years. It involves phased migration of basic mining, security circle, staking, node rewards, and referral rewards. Final balances are calculated based on actual mining activity, emphasizing accuracy, fairness, and long-term scalability to build a robust decentralized ecosystem.