$PI Dr. Fan Chengdiao's full speech at the Miami conference on May 6th, translated into American English

Hello everyone, friends. I am Fan Chengdiao. I am very happy to be here at the Miami conference, gathering with partners from all over the world.

Along the way, Pi Network has endured years of perseverance and accumulation, growing step by step from a small community to a large one. Now, it has spread across more than 200 countries and regions worldwide, with a massive number of real-name verified users. We have always stayed true to our original intention, committed to building a truly practical, application-oriented public blockchain, avoiding hype and bubbles, and focusing on creating a decentralized ecosystem accessible to ordinary people.

Currently, the entire blockchain industry is full of chaos, with many projects only caring about short-term profits, engaging in pump-and-dump schemes, false packaging, and lacking real-world use cases, ultimately leading to their demise. From its inception, Pi has taken a long-term, steady approach, emphasizing genuine users, real ecosystems, and real circulation. Relying on the collective efforts of millions of miners, we steadily advance the development of the mainnet.

At present, the project's technologies are continuously optimized and upgraded, ecological applications are constantly enriched and improved, offline physical commercial circles are gradually opening up, cross-border circulation, daily consumption, and business connections are all being implemented in an orderly manner. What we are building is not just a digital asset but a new digital economy system that benefits the masses, where everyone can participate and benefit.

In an era of rapid artificial intelligence development, fake accounts and bot accounts are increasing. Pi's unique real-person verification system has become the most valuable and scarce core advantage in the industry. Relying on strong community consensus, a large flow of real users, and a complete underlying technology, the future development potential is immeasurable.

Next, we will continue to promote protocol upgrades, open more smart contracts, support high-quality ecological projects to settle in, connect more physical business channels, and constantly enhance overall value and global influence.

I firmly believe that by staying grounded and deeply cultivating the ecosystem, remaining true to our original intentions without impatience, and gathering millions of ordinary people together, we will eventually see a moment of full bloom. Pi will live up to the long-term patience and efforts of all its members, moving toward global legalization, internationalization, and popularization, leading every steadfast participant to achieve fruitful results and creating a better future together.

Thank you to all Pi family members around the world for walking together, united in purpose. The future is promising!