#PI 整理 of Dr. Fan Chengdiao's speech

(Dr. Fan asks the audience to open the slides for better understanding)

As I mentioned, Pi is a first-layer blockchain network. Our testnet has over 500,000 nodes and boasts a large social network. After years of development, we have over 60 million mobile app users worldwide, among which more than 14 million pioneers have completed identity verification through our native KYC solution.

At the same time, we are also a developer platform. Developers can code using any computer language they are familiar with, without worrying about the complexities of blockchain integration, allowing them to focus on building real products. We are a practical-focused ecosystem with various applications that support ecological construction, including the local Pi commerce. We believe that Korea is a region where local business is very active.

The Pi Apps Platform that we mentioned earlier provides developers with a business model to operate within the Pi network. In addition, we recently launched the AI-driven "Apps Studio," which will be discussed in detail during the group discussions. This tool allows non-technical users to create and deploy their own applications for use by the entire Pi network.

The Pi Network originates from the founding team's firm belief in technology, as we believe that technology has the power to change the way we interact with the world in the future. It combines our expertise in fields such as Human-Computer Interaction (HCI), computer science, distributed systems, and social sciences, aiming to address the challenges faced by blockchain technology in large-scale applications, truly bringing the power of blockchain to ordinary people.


On the road to true practicality and large-scale application, we spent three years identifying the key challenges faced by blockchain networks. This is the story behind Pi. Thank you all for being here today, and I hope you enjoy the evening. Special thanks to co-host Soc for making our first blockchain event experience so relaxed and friendly.

(Host interjects: By the way, this is the first time the co-founder of Pi has participated in such an event in the crypto space.)

Dr. Fan added: Pi encompasses multiple layers. It is primarily a cryptocurrency and a first-layer blockchain. Our test net has over 350,000 nodes ready to migrate to the main net. We are also a social network with over 60 million mobile users globally. As a developer platform, we provide SDKs to support development in any language. We are also a utility-focused ecosystem, which means we support local businesses—such as Allian U pioneers present today, who operate highly integrated stores locally and globally.

Our Pi ecosystem platform has many applications. Platform-level utilities, such as the "Pi Apps Platform," are commercial models built for online applications. Our recently launched AI Powered Apps Studio is designed to enable non-technical users to create and deploy their own applications for Pi network users.

Therefore, the next phase of Pi is to continuously expand our community and ecosystem, while constantly emphasizing and enhancing its practicality.

Strategies for Ecological Construction

For Pi, we have always been dedicated to building practicality and emphasizing the construction of a practicality-centered ecosystem. We will continue to promote and expand practical construction through a multi-layered strategy.

This strategy is roughly divided into two levels:

Bottom-up extensive creation: We encourage the public to engage in creation, even though many of these creations may have low value density. Ultimately, this will lead to the emergence of high-quality, practical applications. For example, the "Apps Studio" program we launched is designed to allow the public to participate in creation. Then, we will filter out high-quality applications from this, paving the way for them through business models like the "Pi Apps Platform," providing more resources for developers or creators, and leveraging artificial intelligence technology to drive breakthroughs in the creation of the next generation of applications.
Top-down focus support: For example, through "Pi Network Venture", high-level collaboration with outstanding teams that can synergize with Pi is encouraged to build applications on Pi. Of course, for any investment fund, the number of teams that can be invested in each year is limited, so this is a high-signal, high-scrutiny, and high-touch process.
We hope that through this bidirectional strategy, we can widely support the development of next-generation applications on the Pi network. The "practicality" we emphasize refers to our wish for the blockchain network to produce truly useful products that can meet the real needs of humanity. This means that, despite the various noise in the market, people use a certain product because of its inherent functionality, just like using any other product in daily life, except that this product is supported by Web3.0 infrastructure.

We believe that blockchain will become a pillar technology of the future. However, we may currently be in a bottleneck phase of a cycle, and we need to break through this bottleneck to enter the next stage of development, where "killer applications" that can address real human needs will emerge. This is also our unwavering goal.

Of course, creating real utility and production is difficult and takes time, with cycles that are much longer and harder than any public relations or marketing activities. In the long run, we need to delve into the underlying technology, engage in hard work and innovation, because creating value is always more challenging than extracting value. Value extraction is about reallocating the same resources among different people, while value creation means an increase in net worth, which requires you to address some real needs and provide services that people truly need.

We need more creative products to emerge in the network. As ecosystem builders, the first thing we need to do is to support them with all the amazing infrastructure in blockchain and cryptography. This is a powerful tool, but sometimes it can stifle creation due to its complexity. As ecosystem builders, we need to address this issue to align creative work with practicality, use cases, and real demand. Yes, this is our task for the next phase.

Dr. Nicholas's speech整理

What touches me the most is the community here and every person around the world. We launched this project over seven years ago, carrying the dream of building Pi.

In fact, we started from a shopping mall. At that time, we hoped to introduce this project to 100 people and spent a lot of time talking to many individuals, but we faced countless rejections. In the end, we were unable to recruit 100 people; I think we only successfully recruited 4.


Basically, we will interview strangers in shopping malls to understand people, ask them about their views on cryptocurrencies, and whether cryptocurrencies are relevant to their lives. It is through these interviews that we truly understand what blockchain can do for ordinary people and identify the obstacles that the cryptocurrency industry needs to overcome to achieve widespread adoption.

This is the starting point of everything. We spent a long time with the initial (dozens of) users, and later we realized that merely verbally explaining the visual effects was meaningless, so we wrote a white paper. What happened afterward is well-known.

Host's summary

Finally, I hope everyone present firmly believes in the immense potential of Pi technology in the future. However, we may currently be in an "echo chamber." We need to bravely break through this "echo chamber" and enter the next stage of development, truly addressing the human needs of the real world. This will be our unwavering long-term goal.