pi

Dr. Fan's video translation:

First, I want to congratulate over 16 million pioneers worldwide for transitioning to an open network. This is the result of our collective efforts over the past six years. We should celebrate this historic moment in the development of the network. Looking back at the development of Pi, it has always been a unique project. Some may feel it stands out, and they are correct. Pi is a nonconformist. Many innovations stem from those who challenge conventions, norms, and established practices. In the early days of cryptocurrency development, many projects raised funds through Initial Coin Offerings (ICOs), but Pi never did so. Pi has never sold tokens through an ICO and ensured that everyone could obtain them for free. 80% of Pi tokens belong to the public and the community. When a cryptocurrency project can go live based on just a white paper, a smart contract, or even today, just an emoji, the Pi community spent six years building its infrastructure and ecosystem, ensuring it has usable functionalities. Before the launch, for most blockchains, the majority of addresses were unverified. Pi chose to verify millions of users through Know Your Customer (KYC) and Know Your Business (KYB) processes to ensure that the identities of individuals and businesses on the mainnet are authentic and reliable. This is because Pi firmly believes that true decentralization does not contradict authenticity and legality. Some cryptocurrency critics are concerned that Pi's users are too mainstream. Is this a problem? We think not. This is precisely the greatest advantage that the Pi network has been striving to build and foster over the past six years. Ordinary people like pioneers are the driving force behind Pi's development because Pi aims to address the issues of mass adoption and real-world utility. Pi welcomes both cryptocurrency enthusiasts and the mainstream public. History shows that technology can only thrive by meeting the genuine needs of the mainstream. With this trend, the entire cryptocurrency industry will also benefit from the influx of a large mainstream audience, collectively creating the true utility of blockchain technology. What does the open network mean today? It means the firewall of the Pi blockchain has been removed, allowing for connections to the outside world. This makes it easier for merchants to sell goods and services in local markets; developers can further develop applications and refine business model logic; creators can gain greater influence; and ordinary pioneers can connect with each other and conduct transactions. For new developers, welcome to join this widely distributed cryptocurrency network. If you already have a business model, come to the Pi network to test and sell your products. For those who do not yet have a business model but have an excellent application experience, the Pi application network has prepared a business model for you; the platform will bring you traffic to help you achieve profitability. At the same time, it creates value in using Pi for all pioneers, which is very beneficial for the overall Pi network. So, pioneers, let me say one last thing: do not let external noise disturb you. Focus on the key matters, concentrate on what can make an impact in the cryptocurrency field and the world. Keep working hard, keep creating, and everything else will fall into place.