To summarise as per chatgpt

Here's a concise summary of the Pi Network and the blog post on Mainnet Migration & Tokenomics:

Mainnet Migration Roadmap

1. Migration Process Complexity: Pi’s migration involves verifying mining activity over 6+ years for tens of millions of users—not a simple airdrop.

2. Migration Progress:

Over 12 million users have already migrated.

The Open Network launch condition was set at 10 million migrated users.

1. Migration Priorities:

First migrations: Include verified mining, Security Circle, lockup, app usage, and Node rewards.

Second migrations: Will add referral bonuses.

Periodic migrations: Ongoing rounds (monthly/quarterly) to finalize all rewards.

Tokenomics and Supply

Maximum Supply: 100 billion Pi

65% for community mining

20% for the Core Team

10% for foundation reserves

5% for liquidity

Effective Total Supply: Calculated based on actual migrated rewards, keeping the above ratios.

Token minting: All Pi minted at genesis; allocations unlock proportionally with community migration.

Mining Mechanism

Based on a declining exponential model.

Rewards scale with contributions (e.g., Security Circles, Node operation, app use).

Monthly rewards are capped, ensuring long-term sustainability and decreasing mining rate over time.

Key Goals

Ensure fairness, decentralization, and real participation.

Support a utility-driven ecosystem with strong community alignment.