The Pi Network has initiated its second major migration phase, moving user balances, including long-awaited referral bonuses, from its internal system to the live mainnet blockchain. Reports indicate the process began in early March 2026, with initial batches transferring tens of thousands of Pi tokens. This migration is a critical step in transitioning the project, which boasts millions of users who mined Pi Coin via a mobile app, from a testing environment to a fully operational blockchain.
Concurrently, the Pi Core Team has launched the Pi Launchpad on its Testnet. This new feature, released as part of Pi Day 2026 updates, is designed as a platform for developers to introduce utility-first tokens tied to functional applications within the Pi ecosystem. The current version uses a test token, allowing the community, known as Pioneers, to learn the mechanics via the Pi Browser without real assets. The Launchpad's design directs Pi used in token sales into liquidity pools, pairing it with new ecosystem tokens to foster immediate liquidity and support future trading on a Pi decentralized exchange (DEX).
The migration process underscores ongoing challenges, as users must complete Know Your Customer (KYC) verification before their balances can migrate. This has led to delays and partial migrations for some, while others remain in queue. Despite these hurdles, the inclusion of referral bonuses marks significant progress. The team views these developments—the migration and the Testnet Launchpad—as foundational steps toward enabling real-world utilities like payments, dApps, and marketplace integrations, aiming to build a healthier, less speculative token ecosystem.
