$PI To all Pi Network pioneers worldwide: Stay true to your original intention, cultivate practicality deeply, and build a trustworthy digital future together

Dear every Pi pioneer around the world, every miner who remains true to their initial purpose, and every unwavering believer:

In the turbulent, noisy, and restless Web3 era, amidst the wave of short-term profits chasing, capital speculation, and quick cash-outs in the entire crypto industry, I always want to say a few sincere, simple, heartfelt words to all the family members who have accompanied Pi Network along the way.

I deeply understand that after years of diligent effort, day and night perseverance, every pioneer in front of the screen has endured doubts that no one understood, borne rumors from outside, withstood long periods of silence and sedimentation, and given up the temptation of speculative wealth. You did not follow the trend chasing fleeting hot air projects, nor were you blinded by short-term fluctuations or false dividends, but instead chose to believe in Pi’s original intention, uphold Pi’s philosophy, and accompany Pi from zero, from nothing to something, step by step, steadily growing. This pure trust, firm belief, and long-term companionship are the most precious and irreplaceable core assets of Pi Network’s journey, and they are also our greatest confidence to go against the trend and persist on the difficult but correct path.

Currently, many partners see the market price remaining sluggish, inevitably feeling anxious and uneasy, and unable to help but feel lost, doubting whether the current perseverance is worthwhile, worried whether there will be a dawn ahead. I fully understand these feelings. Everyone persists day after day to light up computing power and carefully maintain the ecosystem, naturally hoping that their efforts will soon realize value, hoping that the consensus assets in hand will steadily rise—this expectation is reasonable.

But at this moment, I want to honestly tell all family members that the short-term fluctuations in the market cannot measure the true core strength of the project. A temporary price dip is never the final form of Pi’s future. Looking at all blockchain projects with long-lasting vitality, none are not consolidating their foundation during downturns, nor are they not selecting true believers amid market oscillations. Today’s low prices are more a phase caused by the overall industry sentiment, short-term market hesitation, and the incomplete realization of ecological value, not hidden risks in the project itself, nor does it mean our years of hard work have gone to waste.

True value is never concealed by short-term market trends; a temporary downturn is just a process of gathering strength, just like a towering tree, which must root deeply underground, silently absorb nutrients, endure storms and silence, before breaking through the earth and soaring into the clouds, flourishing with abundant branches. The current price consolidation period is precisely a golden stage for us to improve the technical system, expand real users, land tangible applications, and build a complete ecosystem. Every sedimentation and polishing is to gather enough strength for subsequent value taking off.

Today, I stand on the stage of the world’s top Miami Consensus Conference, facing industry leaders, capital institutions, and global practitioners, once again solemnly reaffirm Pi Network’s eternal original intention, purpose, and development direction. This is not only to clarify the industry’s position but also to fulfill our promise to every loyal pioneer and to be confident about the future.

Looking at the entire crypto industry today, there has long been a deep-rooted, difficult-to-eliminate chaos, which is also the core reason for many projects ultimately collapsing and the industry falling into a trust crisis. Now, most crypto projects have long deviated from the original purpose and value of blockchain technology, turning into financial tools for capital harvesting and short-term arbitrage. The core goal of countless project teams has never been technological innovation, ecological landing, or serving users, but simply raising funds, quick cash-outs, and leaving after harvesting.

Too many projects tout blockchain, Web3, and metaverse hype, loudly promoting and frantically creating momentum, easily attracting massive capital and user traffic, yet never deeply engaging in technological R&D, never building real ecosystems, and never landing tangible applications. These projects pursue “quick profits, quick exits, quick harvesting,” following a distorted development model of “maximizing value extraction and minimizing value creation.” After the hype fades and funds are cashed out, they leave a trail of chaos, forcing ordinary participants to bear all risks and losses, completely eroding the industry’s credibility, and filling the public with misunderstandings and prejudices about blockchain.

This is the most authentic current state of the industry: rampant speculation, loss of original purpose, bubbles everywhere, and scarce real-world applications. Everyone wants to make quick money, everyone seeks shortcuts, no one wants to cultivate and sediment, no one wants to do long-term value building steadily.

And Pi Network, from its inception, chose to go against the industry’s restless chaos. From day one, we firmly refused to follow hype, to pursue short-term arbitrage, to engage in capital harvesting, or to create bubbles. We understand that true blockchain innovation is never a game of financial speculation, a tool for capital extraction, or a get-rich-quick scam, but the underlying infrastructure serving the real economy, empowering ordinary people, reconstructing digital trust, and reshaping the internet ecosystem.

The true value of Web3 has never been about short-term token price fluctuations, nor about momentary traffic hype, but about real users, trustworthy identities, tangible ecosystems, practical scenarios, and long-term value.

Therefore, we have decisively chosen the most difficult, longest, and least understood path by the short-term market, but also the most correct, enduring, and promising one.

We do not take shortcuts like “raising funds first, then running away,” nor do we follow the old path of “overhype and under-landing,” nor do we indulge in “harvesting and quick profits.” Seven years of dedicated effort, we remain focused, always adhering to the core principles of “compliance as the foundation, authenticity as the root, practicality as the core, and inclusiveness as the soul,” abandoning all industry restlessness and short-term interests, wholeheartedly engaging in technological R&D, steadily building the ecosystem, earnestly cultivating user base, and diligently landing applications.

At the Miami conference, I clearly told the world: the era of quick cash-outs, quick exits, and short-term speculation in cryptocurrencies has come to an end. The future of blockchain will inevitably bid farewell to bubbles and noise, return to technological essence, practical value, real-world landing, and the original intention of inclusiveness. Pi Network is precisely a leader, practitioner, and guardian of this industry transformation.

Many pioneers may have doubts, confusion, or incomprehension along the way. Why do we insist for years without hype, without creating momentum, without rushing to arbitrage? Why do we strictly promote KYC verification, strictly control user quality, and strictly adhere to compliance? Why do we prefer to slow down, sediment, and refine, rather than follow the trend of harvesting and overextending? And with the current market downturn, everyone’s inner anxiety has increased.

Today, I solemnly tell all family members: what we are doing is never a fleeting short-term project, but a digital infrastructure that transcends eras, sustains development, and benefits the world; what we aim to earn is never a momentary bubble quick buck, but long-term value and eternal industry dividends. The temporary market downturn is just a superficial phenomenon; when ecological scenarios are fully deployed, global business cooperation is realized one by one, and the compliance system is thoroughly improved, Pi’s value dividends will bloom as scheduled. Every partner who remains true to their original intention now will eventually reap their rewards.

Many do not understand the significance of KYC, nor why we spend enormous manpower, technology, and time to promote global real-name verification. But I want to tell every pioneer: real, trustworthy users and credible digital identities are the soul and foundation of Pi Network, and the only ticket into the future digital economy.

Today’s internet and blockchain industries are filled with fake accounts, bot accounts, and airdrop hunters. Fake data piles up false prosperity, with no trust and no value. Pi insists on full real-name KYC verification, adhering to the principles of one person, one account, real identities, fairness, and inclusiveness. After years of sedimentation, we have accumulated over 18 million real KYC verified users and over 60 million active global pioneers.

This is not just user data; it is the purest, most trustworthy, most valuable real digital network in the world—an insurmountable core barrier that no air project or speculative project can replicate or surpass. In the future, with the deep integration of AI and Web3, all technologies, ecosystems, and networks without real human identities will be castles in the air, source-less water, and rootless trees. Only authenticity can last long; only trustworthiness can go far. The vast and pure user base is our most solid confidence to leverage value and elevate consensus in the future.

Meanwhile, to thoroughly eliminate industry speculation chaos and prevent project teams from cashing out and monopolizing the market, we are launching a groundbreaking Pi Launchpad ecosystem mechanism, which will completely revolutionize the traditional operation mode of crypto projects.

All traditional project launchpads on the market are designed to serve project teams and capital, with all benefits and traffic ultimately flowing to institutions and teams. Ordinary users are always just targets for harvesting. Pi’s ecosystem mechanism breaks the monopoly of capital and overturns industry rules: all benefits generated by user participation are permanently stored in a liquidity fund pool, non-withdrawable, non-usable, and non-cashable, serving ecosystem development, empowering all pioneers, and supporting long-term growth.

We fundamentally eliminate harvesting, arbitrage, and running away, allowing every ordinary pioneer to participate equally, co-build fairly, share ecosystem dividends, and embrace the era’s value. We insist that tokens are not created for fundraising, hype, or harvesting, but solely to empower real applications, land ecosystems, and serve global users, returning the essence of crypto tools to serve the real economy and ordinary people. A healthy, well-structured mechanism will also lay a solid foundation for steady future price growth, avoiding wild fluctuations.

Over the years, many external voices maliciously slander Pi, questioning whether we “only mine and don’t land,” doubting our “lack of value, only faith,” and criticizing us for “talking ideals without results.” But time is the best answer; sedimentation is the strongest confidence.

Seven years of sharpening a sword, we have never stopped landing projects, always focusing on the core direction of “deep integration of Web3, AI, and blockchain,” continuously building ecosystems, refining technology, and iterating systems. We insist on separating blockchain from financial speculation, using AI to serve livelihoods, transforming complex high-end technology into everyday tools that ordinary people can understand, use, and benefit from.

We are building not just a single token or mining model, but a complete, compliant, decentralized, inclusive new generation digital economy infrastructure. Future social, payment, e-commerce, entertainment, public welfare, cross-border circulation, and physical empowerment will all rely on Pi ecosystem’s landing, enabling every ordinary pioneer to participate with zero barriers, no tricks, safely and compliantly, truly achieving technological inclusiveness and value sharing. As various applications and scenarios come online and market demand gradually rises, the sluggish market will also gradually warm up and rebound.

I sincerely tell every pioneer who has persisted for years: your every light-up, every perseverance, every promotion, and every unwavering effort are not useless; they are laying bricks for Pi’s ecosystem and accumulating value for future worth.

In the days when others chase bubbles, you remain true to your original intention; in days when others follow hype and arbitrage, you quietly sediment; in days when others doubt and mock, you hold firm in your faith. Even if the market is silent now, do not be discouraged. Endure loneliness to maintain prosperity; withstand doubts to welcome glory. After this low period of sedimentation, the future will be a steady upward trend.

Pi will never betray sincere perseverance, never betray pure faith, and never betray the companionship of every family member. We always uphold three eternal bottom lines, unchanging in this life, unwavering in this resolve.

First, always reject speculation and hype, and uphold long-term value creation. No matter how noisy the industry, how tempting capital, or how volatile the market, whether prices are low or high in the short term, we will never chase short-term hype, never make bubble money, never engage in harvesting tricks. We focus on solid landings, creating real value with strength, and steadily driving value upward.

Second, always adhere to compliance and inclusiveness, and uphold fairness and justice. We strictly follow global compliance standards, respect every user, treat every pioneer equally, empower without tricks, and enable ordinary people to share the benefits of the digital era equally, safeguarding everyone’s assets and legal rights.

Third, always insist on real landings and practical empowerment. All our technological R&D, ecological layout, and mechanism optimization aim to land real-world applications, serve daily life, and empower the masses, so that blockchain technology can truly change lives, create value, and benefit humanity, continuously providing intrinsic value to Pi.

In this era full of restlessness and tricks, faith is most precious, perseverance is hardest, and original intention is most powerful.

Many pioneers ask me where Pi’s future lies, when the sluggish market will turn around, and what prospects we can expect. I can clearly tell everyone: Pi’s future is not in capital speculation, market bubbles, or short-term hype; it lies in the perseverance of millions of pioneers, in steady landings, in a trustworthy ecosystem, in a difficult but correct original intention, and in the wave of AI and Web3 integration.

The current downturn is only a temporary market pause; our upward channel is quietly brewing. Relying on a large number of real users, a complete technical system, diverse physical ecosystems, and a stable compliance development route, Pi will break through the current price shackles and shake off the downturn. As the ecosystem grows, business applications become widespread, and consensus influence radiates globally, Pi’s value space will expand continuously, and prices will gradually rise steadily, step by step reaching the heights everyone expects.

We can envision that when the ecosystem matures, Pi will be smoothly applied to daily consumption, cross-border transactions, and business cooperation, with consensus assets having tangible circulation and exchange value. Every pioneer who has silently cultivated for years will, through long-term perseverance, harvest abundant returns given by the digital age, not only steadily increasing personal wealth but also witnessing the dazzling glow of the digital ecosystem we have created together.

In the past years, we have braved wind and rain, persisted through low valleys, and broken countless prejudices; in the long road ahead, we will remain true to our original aspiration, continue to deepen the ecosystem, land real projects, improve systems, and empower users. Market fluctuations are normal; only by staying true to our original intention can we wait calmly for the flowers to bloom.

I hope every Pi pioneer can always keep their original intention, stay true to their core, and have firm faith. Do not be disturbed by external noise, do not be swayed by short-term price dips, and do not be affected by others’ doubts. Do not worry about short-term gains and losses; look to the long term, believe that accumulated strength will eventually burst forth. We do not need to prove anything to a restless world; time will prove everything, landings will explain everything, and value will reward everything.

We always believe: speculators will eventually be eliminated by the times, those who persevere will be rewarded by time; bubbles will eventually fade, only value is eternal; noise will eventually subside, only the original intention remains evergreen. Short-term downturns cannot stop us from moving forward; low valleys are only for better takeoff.

In the future, Pi Network will continue to rebuild industry trust with authenticity, drive ecosystem growth with practicality, empower people’s lives with technology, and write the chapter of the era with original intention. We will keep deepening the integration of Web3, AI, and blockchain, building a more trustworthy, fair, inclusive, universal, and vibrant global digital new ecosystem. The moment of market recovery and value soaring will surely arrive as scheduled.

To all loyal pioneers, silent miners, and believing family members:

The long journey is grateful for your company; the years of sedimentation are worth the encounter. Every persistence echoes; every faith finds its way home; every sedimentation will eventually turn into glory. The temporary market downturn is just a moment of silence before dawn.

Let us continue to work together with one heart, shoulder to shoulder, stay true to our original intention, and cultivate diligently. Abandon restlessness, reject speculation, be long-term confident, and patiently endure this period of dormancy. With pure faith, uphold the original aspiration; with steady actions, build the ecosystem; with long-term sedimentation, embrace the future.

Together, we walk the difficult but right path, do things of lasting value, build a global inclusive economy, stay calm and wait for the market to turn, welcome the explosion of value with anticipation, and ultimately embrace a brilliant future!

May all Pi pioneers stay true to their original aspiration, cherish their youth, remain steadfast, and keep faith! Stay steady now, and the future abundant harvest will eventually reward every persistent companion!

Pi Network will always walk with all pioneers, creating eternal value together and sharing the glory of the era!