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Pi Network (PI) Jumps Over 5%, Team Talks Upcoming Mainnet Migration
Pi Network (PI) rallied over 5% in the last 24 hours to trade around $0.66, along with a sharp 66% increase in trading volume.
The price increase coincides with the upcoming first phase of Pi’s long-awaited mainnet migration, a major milestone for the project that has been in development since 2019.
According to Pi Network’s team, over 12 million users have now completed their Know Your Customer (KYC) verification, clearing the way for their mining rewards and other contributions to be migrated onto the mainnet.
In a recent update on X, the Pi Core Team reaffirmed its commitment to onboard as many Pioneers, and their PI tokens, to the mainnet as possible.
The allocation structure of the Pi Supply model ensures the impartial role of any processes that affect the migration speed because all other allocation buckets track the pace of Migrated Mining Rewards.
It was intentionally designed to
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