New Pi Update: Introducing the Lockup Feature for Mainnet Migrated Pi

Exciting news, Pioneers! The Pi Network has unveiled a groundbreaking Lockup feature for Mainnet migrated Pi in your Pi Wallet. This new addition aims to enhance the ecosystem and incentivize long-term engagement.

By locking up your Pi, you can significantly boost your mining rate. This Lockup is immediately binding and remains so until your chosen duration ends. It’s a fantastic way to maximize your mining rewards while supporting the network.

Voluntary Lockups for a Healthy Ecosystem

Locking up your Mainnet Pi is a voluntary action, designed to support a healthy and smooth ecosystem. It encourages sustained engagement with the network, fostering a stable and growing community.

If you’ve migrated to Mainnet, you can easily start a Lockup by following these steps:

1. Open your Pi Wallet.
2. Tap on “Lockups.”
3. Select “Create New Lockup.”

Both types of Lockups—Pre-migration and New Lockup—follow the same rewards calculations and are irreversible once committed. However, they differ in the Pi affected and their implementation:

• Pre-migration Lockup: Boosts your current Pi based on future settings and affects Pi in the next migration.
• New Lockup Feature: Applies only to the Pi acquired on the Mainnet blockchain.

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• Pre-migration Lockups are applied during the migration of your transferable balance.
• New Lockup directly locks up your Pi on the blockchain after your confirmation in the wallet.

The new feature also includes a 200% Lockup, which allows you to lock up 200% of the currently migrated amount. This is particularly advantageous for many Mainnet migrated Pioneers who have more Pi in their Mainnet wallet than they mined, making the 200% Lockup possible. By choosing to lock up this amount, you can maximize your Lockup mining rewards.

Note: Only the available balance can be locked.

Embrace this new feature to enhance your Pi experience and contribute to a thriving network!