1st GCV Global Ambassadors Conference
Dear Global, Regional, National, and Provincial Level GCV Ambassadors, as well as City Level GCV Ambassadors attending today’s conference,
I would like to extend my gratitude for your presence at our inaugural global GCV Ambassadors conference following the launch of the GCV Ambassadors system on September 17 of last year. Since its inception, we have successfully issued over 100 certificates to National and Regional GCV Ambassadors through Global GCV CT. Given our rapid expansion across various regions, it is imperative that we convene to unify our mindset and actions. This conference will serve as a platform to ensure that we adhere to the PCT guidance and strategy.
It is crucial that we implement a stringent code of conduct and code of ethics for all GCV Ambassadors. Without a cohesive strategy, our collective efforts risk becoming disorganized and ineffective, reminiscent of grains of sand scattered by the wind. It is vital that we project a unified public image and demonstrate behavior that reflects our values as GCV Ambassadors, thereby fostering trust within our communities.
I have observed that many GCV Ambassadors do not yet feel a sense of team cohesion; they often fail to heed guidance and educational resources provided. This disconnection may lead to a deviation from the principles outlined by Global GCV CT. Furthermore, there have been external influences, notably the Dimas code theory, which has led some pioneers and GCV Ambassadors to adopt a passive stance, expecting outcomes without proactive engagement.
It is my belief that failure to engage with our educational resources may result in skepticism regarding our buyback strategy. Each of you, as GCV Ambassadors at the regional or national level, are responsible for guiding your communities and the millions of pioneers within them. A thorough understanding of our current situation is essential for effective leadership. Despite our ongoing communication efforts through social media platforms, there appears to be a significant gap in comprehension among some members.
Thus, the focus of this conference will be to address a pertinent question: "Why can we not wait for 100 Dapps to unite price to activate the code?"
Before delving into this topic, let us reflect on the GCV journey from June 2022 to the present.
In March and April 2022, the Chinese community established a consensus valuation of Pi at $314,159. From May to June 2022, after three International Space Conferences, the global pioneers adopted this concept, thus formalizing it as the Global Consensus Value (GCV). The GCV was conceived during this period. Between July 2022 and July 2023, the Chinese community led GCV barter transactions. However, they encountered challenges in generating GCV blockchain data due to the lack of wallet access among numerous pioneers and merchants. Consequently, they engaged in barter agreements rooted in GCV, with an estimated investment of $100 million based on their assessments. Throughout this period, I was actively involved in promoting the GCV movement within the Chinese community.
**Overview of the Global GCV Movement and Recent Developments (2023-2025) **
Between August and December 2023, I recognized that Chinese merchants were unable to generate GCV data on the blockchain. Concurrently, global pioneers were engaged in extensive debates regarding the correct value of Pi. Consequently, I shifted my focus from the Chinese community to the global stage by initiating the Global GCV Movement. I began writing articles to enhance understanding among global pioneers regarding GCV, as there was a notable lack of merchant support for this initiative. During this period, I emphasized education and organized global conferences to garner more support for GCV. Following an international conference hosted collaboratively with the Arab community, I established the Global GCV Core Team.
From December 2023 to June 2024, I urged global pioneers to create one million GCV data entries consecutively over six months to capture 60-80% of blockchain records, which would enable the source code to define GCV at a value of $314,159. At this juncture on 2024 Pi2Day, I launched the OM petition. Although many pioneers did not fully grasp the strategic implications of this initiative, we ultimately achieved our objective. On Pi2Day 2024, the Core Team acknowledged that this marked the final Pi2Day within the enclosed mainnet. This announcement signified our triumph, attributable to exceptional leadership from our amazing Global GCV Ambassadors and community leaders such as Ms. Lumari, who guided the Philippine community in generating 1.5 million GCV data entries; Ms. Nonny Padja, who led the Indonesian community to produce over three million GCV data entries; and Mr. Patrick Chao, who contributed half a million GCV data entries from Malaysia. Additionally, contributions from Taiwan China, Africa, the Arab region, Cambodia, and other nations have significantly bolstered the GCV data pool to at least 5 million GCV data on blockchain. Consequently, the GitHub source code recognizes $314,159 as the fixed value for the Pi ecosystem and as the stable price for the exchange market. However, we have not yet achieved a stable coin target in the exchange market; this remains our current task. The code can only reflect the deployment and target for the Pi price because the exchange market represents the outside world. We can fix the Pi value at GCV because this decision can be made by the community ourselves on the blockchain. Pi price can only be fixed on exchange market. Pi value is from our inside. Pi price is from outside. Please refer to my recent articles to give you more analysis.
From July to December 2024, I advocated for a dual payment system incorporating partial Pi and partial fiat to ensure mutual benefits for merchants and pioneers. We also supported the PCT in organizing the PiFest and Map of Pi events. In light of this, I devised the GCV Ambassador system to amplify our influence globally, facilitating the education of pioneers regarding GCV theory and promoting GCV barter and sign up mapofPi within the ecosystem. It is evident that the success of the Pi Network will require sustained effort over time. The OM should be viewed not as the conclusion but rather as a new beginning. We require talented individuals to assume the role of GCV Ambassadors, maintaining support for the successful OM of the Pi Network and fostering an enduring GCV community to enhance education and ecosystem prosperity. Thus, all GCV Ambassadors are encouraged to thoroughly review the Pioneers Handbook. To date, I have authored content addressing topic #91, striving to answer relevant inquiries and provide guidance.
From December 2024 until April 6, 2025, we transitioned into the Open Network on February 20, 2025. However, this development did not unfold as comprehensively as many pioneers had anticipated. Consequently, a divide emerged within the GCV community, comprising two factions. One faction, termed "pragmatists," is represented by me and the Global GCV Core Team, who emphasize addressing challenges through practical solutions and approaches. The opposing faction referred to as "idealists," is represented by Indonesian pioneer Mr. Dimas Nawawi, who advocates for the belief that all arrangements made by the PCT are perfect and that pioneers should simply wait for OM.
Mr. Dimas argued that PCT has accepted the code with a Pi value GCV of $314,159. Therefore, he advises all pioneers to refrain from participating in the exchange market and to await significant updates as indicated by the code.
As a pragmatist, I must express my concerns: Since the Pi Network transitioned to Open Network on February 20, 2025, over a month has passed without any communication from PCT regarding a deadline for activating the code. This lack of information suggests that PCT cannot decide because they need pioneers to participate and collaborate. We should not presume that PCT has effectively organized all aspects because only pioneers can decide the price on exchange market not PCT. If they had, they would have provided a comprehensive roadmap or timeline.
The successful Open Market (OM) of the Pi Network is a critical historic moment. Assuming that PCT has arranged everything could be dangerous if we miss the timing when PCT need us. It is important that we do not make assumptions on our own. We can only consider giving up our efforts when we receive confirmation from PCT.
Since we have not received any guidance or indication from PCT, given their recent domain name auction and KYC/ activation wallet update requiring participation from pioneers, we should take action. Purchasing Pi from the exchange market poses no harm to the Pi Network or its pioneers but bring huge benefit for Pi Network and pioneers. We encourage pioneers to buy according to their ability and focus on those who haven’t migrated their Pi, as well as on outside users who might participate in the auction. This is a good opportunity for the Pi Network to gain more influence and attract more users. So, why are we against taking this proactive approach?
Furthermore, I would like to highlight that the Pi Network source code is intended for the Pi Network community and should comply with regulations set forth by governments worldwide. The Know Your Business (KYB) initiative currently lists only five exchange markets, indicating that PCT requires the support of pioneers to stabilize the Pi coin at the GCV on exchange market before listing another ecosystem for KYB. PCT are not permitted to interfere with the pricing of the exchange market.
The transition of the Pi Network to Open Network implies not only a technical restructuring but also necessitates the public endorsement of our GCV for it to be legally recognized globally. Therefore, the exchange market emerges as the sole platform for establishing price stability.
When discussing the value of Pi, we refer to it as a currency. We have successfully established this through the blockchain ecosystem. This aligns with the vision and mission of the Pi Network, which aims to position Pi as a legitimate currency. However, the journey towards currency acceptance is fraught with challenges. Can it gain acceptance from all governments? Although Pi Network is defined as digital currency, but regulatory bodies will impose similar scrutiny as a traditional cryptocurrency because it is a cryptocurrency. But we are difference cryptocurrency. Despite our ecosystem’s development within an enclosed mainnet, it remains hidden from the external world, and numerous countries prohibit the use of cryptocurrencies as a payment method. Thus, for the Pi Network to attain global acceptance, we cannot transition to a currency role hastily; we must adopt a gradual approach.
I believe that PCT plans to utilize the exchange market as a bridge to introduce the Pi Network to the world and demonstrate its distinction from first-generation cryptocurrencies. PCT is committed to complying with regulations and desires pioneers to collectively demonstrate the community's capability to stabilize the Pi price in the exchange market. This commitment underscores why I cannot concur with Mr. Dimas. If we withdraw from the exchange market and revert to the previous conditions of an enclosed mainnet, we will be unable to realize the potential of Pi as a payment method.
It is apparent that many pioneers, possibly including GCV Ambassadors, anticipate that PCT will announce the Pi price on the exchange market upon the initiation of 100 decentralized applications (Dapps), leading them to believe that buying back Pi on the exchange is unnecessary.
I must state clearly that if PCT announces a price on the exchange market, it could be subject to investigation for market manipulation; the market alone should dictate the price. Furthermore, pioneers ought to adopt the perspective of merchants. Would they be willing to accept Pi as payment while its price remains volatile? Businesses must account for the costs associated with materials, wages, rental, utilities, and taxes in FIAT. How can they sustain operations if they accept a GCV of 1 Pi, only to convert it at the prevailing exchange price of $0.6 or less or more? Such a dual pricing system would deter merchants from engaging with Dapps, which are reliant on the participation of merchants and service providers. Therefore, even if Dapps were to define 1 Pi as equivalent to GCV, merchants may opt out or withhold their products and services if they perceive high risks. As a result, we should not anticipate that the emergence of Dapps will alter the exchange market prices.
My point is that changing the exchange price to the stable coin GCV is pioneers responsibility especially is our GCV Ambassadors responsibility and it is very easy, but we must unite together to make it happen. I can see PCT waiting for us to demonstrate our strength and power in the exchange market. They are employing a similar strategy: controlling the supply on the exchange market by limiting migration to pioneers' wallets. This allows pioneers to utilize the exchange market to buy Pi for domain name auctions. Currently, we see that they will provide pioneers with the option to apply for KYC through the third party, Banxa. Pioneers will pay with Pi with equal fiat value and cover the application fees. Additionally, they will allow pioneers who have passed KYC or are tentatively KYC-approved to activate their wallets. So when they activate their wallets but they cannot get migrated Pi, they can only go to exchange market to buy. We can see all PCT strategy is to increase the demand of Pi usage from exchange market.
Clearly, PCT wants pioneers to purchase Pi from the exchange market and transfer it to their own wallets instead of migrating from their mined Pi. Why? This is to increase the demand for Pi on the exchange market. Banxa charges a flat fee in USD, meaning that regardless of the Pi price on the exchange market, they charge the same amount in USD. This indicates that when the exchange market lists GCV, pioneers will be able to pay less Pi than they would currently when Pi is at a low price. Therefore, from this analysis, we can conclude that PCT needs the exchange market to achieve a stable coin price instead of merely announcing the price of Pi. Only when the exchange market proves Pi is a stable coin can they activate the code for GCV across the entire ecosystem.
We can see our long journey from creating Pi’s value to establishing its price. This is because Pi's value is determined by the community while we are in the enclosed mainnet. After the Open Network launch, we need to reach out to global users and companies and different countries government. We need the exchange market for them to recognize the Pi Network and GCV, rather than us telling them about it. Furthermore, all DApps or offline ecosystems require a stable and healthy commercial environment to reduce business risks for merchants and service providers. We must ensure that Pi becomes a stable coin in the exchange market, and its price must align with its value. Initially, during the Open Mainnet, all merchants and service providers need a way to convert their Pi sales into fiat to cover their costs and expenses. They can only be independent of fiat when a complete supply chain for the Pi industry is established. This means that only when all suppliers accept Pi as payment and governments recognize Pi as a currency can merchants and service providers operate without fiat. Otherwise, the exchange market will still be their source of fiat, and stability in that channel is essential for their sustainability. Without that, they will face cash flow problems and cannot accurately record their business transactions in an accounting system.
I hope my speech today helps you understand why we are shifting our priority from the ecosystem to the exchange market. This change is essential because we need to realize GCV full Pi payments not current partial Pi Payment.. Partial Pi payment is the strategy I used for enclosed mainnet to create the blockchain data. We have been using partial Pi payments for more than half a year, and we have already reached our initial goal, which indicates that GCV has been integrated into Pi’s value code. We can continue to use partial Pi payments for small items, but if we rely solely on this strategy without incorporating the exchange market strategy, we will remain stuck. Therefore, I urge all GCV Ambassadors to fully comprehend what I have said so that you can elevate your perspective and understand the reasons behind this shift.
Some of you may question the feasibility of buyout low-priced Pi from the exchange market, as some pioneers believe it is impossible. This mindset is entirely incorrect and stems from a first-generation crypto viewpoint. Yes, in traditional crypto contexts, this may be true it is impossible due to the lack of a strong community and ecosystem to support it. This mentality is often shaped by short-term views and speculation. However, today, we have GCV embedded in our code, a myriad of GCV merchants waiting for us, and the Pioneers Handbook to educate our community. We need to teach pioneers to sell only at GCV and to actively respond to all PCT calls so that we can buy back Pi in the exchange market for domain auctions and for KYC processes to activate their wallets for transferring Pi. With 40 million pioneers yet to pass KYC, when they apply for KYC through Banxa, it will create substantial demand for Pi on exchange market. We can build strong demand for Pi and we can see PCT is doing the same thing; the only thing we need to do is take action instead of waiting. The idealists who advocate waiting are fundamentally mistaken. That is why you are here today. All of you should be confident in your role as qualified GCV Ambassadors. This is your honorable mission to guide your community.
Next Sunday or later, we will hold an International X Space conference. After today’s GCV Ambassador conference, all of you should share this information with your country’s community. We have one mission and one goal: to successfully realize GCV in the open mainnet soon.
In conclusion, I urge all GCV Ambassadors to embrace unity, adhere to established strategies, and engage proactively with your communities to foster a robust support PCT guidance. Thank you for your commitment and dedication.
Doris Yin 🪷🪷🪷
Founder, Global GCV Movement
April 6th, 2025