Pi Network has initiated its Second Migration Phase, part of a broader network upgrade, enabling verified users to transfer referral mining rewards to the mainnet. Over 119,000 users have completed the process, which requires stricter KYC checks and 2FA. Referral rewards can now only be transferred if linked to verified accounts. The update has sparked mixed reactions, with some users raising concerns about KYC requirements. The move aligns with ongoing BTC update trends in the crypto space.Story Highlights

• Pi Network’s Second Migration lets verified users transfer referral rewards to mainnet, boosting security and expanding ecosystem participation.

• Over 119K users completed Phase 2, moving eligible balances with stricter KYC checks and two-factor authentication for safer transfers.

  

Pi Network has officially started rolling out its Second Migration Phase after Pi Day 2026, allowing users to transfer additional balances to the mainnet. This follows the initial migration stage and opens the door for deeper participation in the ecosystem.

So far, more than 119,000 users have finished this phase, showing steady progress as access expands gradually across the network.

What Second Migrations Actually Do

This phase allows users who have already completed their first transfer to move remaining eligible balances. Unlike earlier, this now includes referral mining rewards, which were not fully processed before.

These rewards are tied to referral team activity, but there’s a key condition. Only bonuses linked to members who pass KYC can be moved. As a result, a user’s final transferable balance depends on how many of their referrals are verified.

Why Referral Rewards Matter Now

Referral bonuses are calculated across individual mining sessions and vary from user to user. Because of this, they require more detailed computation compared to standard mining rewards.

This is why the rollout took longer. The system must verify each reward based on activity and KYC status before recording it on-chain. Any unverified referral still holds back a portion of earnings until they complete verification.

What’s Different in This Phase

The second migration introduces more complex backend processing and stricter checks. At the same time, security has been strengthened, with users required to complete wallet two-factor authentication before any transfer. Since blockchain transactions cannot be reversed, this step ensures funds are protected.

Despite this update, first migrations remain the priority. Users still waiting for their initial transfer are not affected, and processing continues alongside the new rollout.

Expanding Use Cases for Pi

This phase arrives as the ecosystem continues to grow. Features like the Pi Launchpad on testnet and new app integrations are increasing how Pi can be used, moving beyond simple mining toward real utility.

Community Reaction

The update has drawn mixed responses. Some users have raised concerns about KYC issues, especially cases where accounts that completed the first migration were moved back to tentative status, blocking access to second migration rewards.

At the same time, others see this as steady progress. Many view the rollout as a meaningful step that rewards long-term participation while maintaining a controlled and careful approach.

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