Pi Founder Chengdiao Fan – Consensus 2026 Presentation

Summary

Key Points

• —The crypto space currently suffers from a misalignment of tools with product innovation, characterized by tokens used primarily for capital raising, quick exits, and value extraction without equivalent creation. 0:48
• —Pi Network addresses these issues with a novel Pi Launchpad design that aligns crypto tools with product innovation, specifically targeting the problem of quick exits without real building. 1:21
• —Unlike traditional launchpads, Pi Launchpad ensures that participant proceeds are permanently deposited into liquidity pools, preventing quick exits and providing a stable foundation for new tokens. 2:01
• —A key prerequisite for launching on Pi Launchpad is the existence of a working product, emphasizing utility and substance over speculative token issuance. 2:18
• —Pi uniquely positions tokens for user acquisition, integrating them directly into the product's evolutionary process to drive utility creation and foster innovation, rather than solely for capital raising. 3:17
• —Pi leverages its massive network of over 60 million mobile-engaged users, including 18 million KYC-verified individuals, offering product builders a high-quality, global audience essential for product success. 5:14
• —This user-acquisition-focused token design makes user acquisition cost-effective, fosters organic user retention, and holds projects accountable for continuous product improvement and engagement. 6:36
• —Beyond its Launchpad, Pi aims to address fundamental societal challenges in the AI era, including shifting human economic participation towards ownership, improving financial literacy, and helping businesses build resilience through user engagement and data. 13:44
• —As a Layer 1 blockchain with a large social network, verified human identity, and distributed computing power, Pi is innovating to define new financial and business models for individuals and organizations during this period of societal transformation. 16:09