Pi Network has officially commenced its second phase of token migration, enabling users who completed the initial Pi coin mainnet transfer to move additional tokens to the mainnet. This highly anticipated milestone, first announced on Pi Day, March 14th, is now being rolled out across the network.
Significance of Phase 2 Migration
Users first gained the ability to migrate transferable Pi coin balances to the mainnet when Pi Network opened its Open Network in February 2025, marking the completion of the first migration. The now-initiated Phase 2 migration means that tokens not included in the initial transfer, such as accumulated mining rewards and referral bonuses, can now also be moved on-chain.
Pi Network's announcement that Phase 2 migration has begun and will be rolled out incrementally paves the way for users to bring more Pi coins to the mainnet and engage more deeply with the ecosystem. As Phase 2 progresses, the initial migration efforts will also continue.
This migration is significant for supply dynamics. More Pi coins entering the mainnet means a greater supply available for real-world ecosystem activities, such as payments, decentralized exchange (DEX) trading, or participation in newly launched Pi Launchpads. Simultaneously, it provides a pathway for those who have held off-chain balances to fully participate in the ecosystem.
The network's phased rollout strategy, designed to prevent market supply overload or strain on infrastructure, is also followed by Phase 2 migration.
Eligibility for Migration
The requirements for migration eligibility are clear and non-negotiable. Before undertaking any migration (initial or Phase 2), users must complete Step 5 of the Mainnet Checklist, which involves setting up two-factor authentication (2FA) on their Pi Wallet.
This step may require users to add an associated email address to their account if one is not already linked. Pi Network explicitly states the reason for this requirement: blockchain transactions are irreversible and immutable. Once Pi coins are on the chain, they cannot be undone. The 2FA setup is intended to ensure that each user's wallet has an additional layer of security before their tokens are moved on-chain.
If you have not yet completed Step 5 of the Mainnet Checklist, this is your most pressing priority.
Referral Rewards Also Migratable
A crucial component of Phase 2 migration is the long-awaited migration of referral mining rewards. These rewards stem from team members who have successfully completed their Know Your Customer (KYC) verification.
It is important to note that only KYC-verified referrers can unlock their corresponding rewards. If your referral team members have not completed KYC, their associated rewards will not be migratable. Pi Network is actively encouraging users to communicate with their team members to ensure they complete KYC verification.