It's been six years, and I'm excited to share my thoughts.
In these six years of spring and fall, we transformed from naive children into determined young teenagers. Six years of elementary school may be just a step toward graduation, but we crafted our dreams in this virtual digital world over countless days and nights. The sparks we see on our screens represent the hopes of many mornings and the determination of late nights. Yet, the promised wealth remains just out of reach, like a mirage.
Not long ago, the announcement "1 Pi equals $314,159" swept across various categories, igniting excitement and motivation among countless people. We held on to our dreams, lighting up our screens day after day, ignoring the skeptical looks of others. But reality hit us hard—Pi's price has now stabilized at just 4 yuan. This huge gap may leave those who have put in the effort feeling frustrated and confused, but we will not back down.
So, how did we get to this point? The root cause lies in some pioneers who, after achieving significant milestones, may have lost patience during the long wait. Others may not have fully grasped the intrinsic value of our project, prompting them to hastily sell off years of hard work. Their misguided actions opened the door for opportunistic speculators to enter the market. These individuals are like sharks, waiting to exploit low prices and then selling at the highest price at the right time. Through relentless trading, they create a vicious cycle that keeps Pi's price stable.
Compounding our challenges is the fierce competition in the cryptocurrency market. Some individuals with ulterior motives do not hesitate to spread misleading rumors to promote their own projects. Statements such as "Pi on the exchange is fake" and "trading accounts will be banned" have sparked unnecessary fear in the cryptocurrency community. Many, lacking a deep understanding of the project, are influenced by these falsehoods and distance themselves from the trading market. This has stifled market vitality and allowed Pi's price to sink into prolonged silence while the rumormongers reap hidden profits.
Looking back over the past six years, we've faced many trials and tribulations. Family members have doubted us, friends have mocked us, and some have even had conflicts with those close to them because of their dedication to this project, straining relationships. The pain of misunderstanding, the isolation of our commitment, and countless moments of self-doubt have left their mark. Six years of hope have yielded little tangible return, but we won't let that discourage us.
Despair and hope may coexist, but we know where we are headed.
We must remember: "The long road ahead is as hard as iron, but we begin again." Our setbacks are not reasons to retreat, but rather motivation to move forward. The "pi" in our hands is more than just a coin; it embodies six years of our dedication and holds within it our dreams for the future. We will no longer allow others to ignore this value or our hard work.
From this moment on, we will truly understand the essence of our project, deepen our knowledge of the blockchain, and realize the true value of the Pi Network. We will unite and announce to the world that trading Pi coins is a legitimate and compliant activity, as five exchanges have been verified by KyB. The Pi coins we earn from the exchange can be transferred to our designated wallets.
It's time for us to unite, break free from the shackles of rumors, clear the fog surrounding the market, and redefine Pi GCV with reason and wisdom. One day, we will take pride in this digital landscape and show those who doubted, mocked, and sought to undermine us the light of our determination and unwavering faith!
China, Deputy Executive Director of GCV CT
Hong Xuaner
May 8, 2025
