Pi Network, on the occasion of its seventh official anniversary, announced one of the most significant product updates in the project's history. On Pi Day 2026, the project team launched a series of new features that significantly advance the practical ecosystem they have been building since 2019. These are not just plans on a roadmap, but actual functionalities that have been implemented.
Pi Launchpad Testnet Goes Live
The most notable announcement is the launch of the Pi Launchpad on the testnet. This is a token issuance platform specifically designed for projects within the Pi ecosystem that focus on products. Unlike traditional cryptocurrency launch platforms, the core concept of Pi Launchpad is that projects must have a usable application before issuing tokens. The issuance of its tokens aims to attract real users and integrate directly into product functionalities, rather than for fundraising purposes. The proceeds from each token issuance will go into a liquidity pool, rather than directly to the issuing project, thereby establishing a healthy liquidity foundation from the outset. With over 17.7 million KYC-verified pioneer users already on the Pi Network mainnet, its user base is unmatched by many platforms.
Protocol 20 and Smart Contract Support
All major nodes of Pi Network have been upgraded to version 20.2, which supports Protocol 20. The full upgrade of the mainnet will be completed within the next week. This is a foundational milestone, as Protocol 20 provides the necessary technical infrastructure for smart contracts on the Pi blockchain. This enables developers to build decentralized applications, automate transactions, and support functionalities such as NFTs, subscription services, escrow systems, and on-chain marketplace transactions. The deployment of smart contracts will be gradual and focused on practicality, with priority given to subscription contracts, escrow contracts, and contracts related to NFTs, some of which are undergoing external security audits before deployment.
Secondary Migration Channel Opens
After months of anticipation from the community, the secondary migration channel is now officially open. Pioneer users who have completed the initial migration and have set up two-factor authentication on their Pi wallets through step five of the mainnet checklist can now migrate additional Pi balances to the mainnet. The secondary migration will also include mining rewards for recommended team members who have completed KYC. The project encourages pioneer users to remind their network members to complete identity verification before the migration window closes.
KYC Verifier Rewards Officially Distributed
Pi Network is distributing the first batch of KYC verifier rewards to recognize the work done by community human verifiers. The numbers are impressive: over 1.09 million verifiers completed more than 526 million successful manual verifications. The reward pool is 16.57 million Pi, with an additional 10 million Pi contributed by the Pi Foundation, bringing the reward for each verification to 0.0504 Pi, which is 21 times higher than the current base mining rate. Reward payments will proceed as scheduled.