A meaningful shift in crypto mining is already underway. Think no rigs, no warehouses.
This week, we kick off #BuildwithBanxa featuring Pi Network (@PiCoreTeam).
Here's how Pi’s community of over 16.7 million KYC’d & Mainnet-migrated users changes the game with mobile mining 🧵
🌎🌎🌎PI NETWORK NEWS: Dr. Chengdiao Fan at Consensus 2026 Miami!
Exploring the future of Web3, AI & Blockchain Utility 🚀
https://t.co/EzWwy4uc9h
Hello everyone. Very god being here presenting aligning web3 AI and blockchain for utility. Last year uh in another crypto conference I talked about um a few issues I see in crypto space specifically um tokens issued advanced um financial mechanisms running but there is a lack of underlining utility and substance.
There are tokens used to mostly raising capital without actually product innovation. people have too easy and immediate access to uh capital uh without actually doing the hard work to finish the building. There's too much of value extraction without equivalent value creation in the crypto space.
But with all these symptoms underlining I see is the misalignment of um the crypto tools with product innovation. So what's the solution? Pi is trying to provide answers and uh we use crypto tools uh including its um uh payment ability to issue tokens and smart contracts and align these tools with the innovation that address the quick exits problem.
So specifically we came up with a new novel design of Pi Launchpad for ecosystems on top of Pi. Pi is a layer one blockchain and uh ecosystem tokens are tokens on top of that. So Pi launchpad despite the name it actually differ very very much from the traditional launchpads on other crypto networks specifically in three distinctive characteristics.
First the proceeds committed by participants in Pi actually will not be transferred to project party. they will be permanently irreversibly deposited into liquidity pool. Not only this address the root problem of the quick exit problem uh but also it help provide a healthy and uh stable start for the token.
Second, the prerequisite to launch on PI launchpad is to have a working product. It can be in the form of an app. Third, participants um who engage with the product from the project will actually receive certain beneficial uh terms or favorable terms or benefits in the launch. This design was specifically created to address the quick exits without real building problem in crypto.
However, from the perspective of business, if tokens cannot be used to raise capital, what can tokens be used for? Especially given how much time and effort it requires to issue and operate a token. This is where Pi is uniquely positioned to provide a different answer. Tokens for user acquisition. Pi designed this thing in a way to integrate crypto tokens directly into the evolutionary process for products and innovation.
User acquisition is the foundation of a utility creation because no matter how sophisticated a product feature is, if there is no users, there will be no meaningful usage and network effects. User feedback, demand and also the ability for businesses to acquire and retain user is the primary driver for innovation shaping what ideas evolve becoming evolving into real world solutions.
While many types of tokens can be issued on blockchain, Pi currently focus on launching and facilitating tokens that acquire uh users to build real products. This construct is based on um PI's resources and infrastructure and aiming for building utility and also product innovation. So how does it work? In PI Launchpad, projects issue tokens and also integrate their tokens into their products.
Users can access those tokens through launchpad and afterwards DEX and AMM and Pi as a currency and platform is staked and used to facilitate and orchestrate the whole process. Why can Pi provide this is because Pi scale and a unique position. Pi not only being a layer 1 blockchain is also a large social network of over 60 million mobile engaged users.
Out of them 18 million are KYC meaning their identity have been verified and out of those 16.5 million actually are already on the mainet blockchain with the crypto wallet enabled. For product builders and businesses high quality and global reach are some of the most important resources that are essential for their product success.
And these users not only are cryptonative but also mainstream audiences who we think are very important to give feedback and actually use products for its utility case. So why can tokens designed in such a way facilitate product innovation? User acquisition is typically very expensive especially for early stage startups.
Instead of uh burning cash, um businesses can use web3 tool like issuing a token to potentially acquire users not just from Pi network but overall and while involving users directly into their product evolution uh iterate with them, test products with them and also making sure that their product is addressing human needs.
Second is like unlike the capital raised which is just sitting in the wallet of the project party. Um users are required are humans they have agencies. So they keep the project uh accountable the builders accountable for providing ongoingly useful services and uh engagement. If the projects fail to improve their product or keep the engagement then they have the agency and a free choice to leave.
So organic user acquisition and retention are natural mechanisms by which projects are encouraged to create and innovate which is the original intent of the design. From the users perspective, they have the free choice to join and use any products like they do in web two, but with a difference that they have additional access to this digital asset released by the project and can access it through PI launchpad or DEX or ANM as well as their ability to own and use these assets in the products of these projects. This shift the relationship between users and the companies from two sides of the table in web two world to one side of the table in web 3. This is one of the important principles of web 3. Um in this way we believe that this design better align the unique capabilities of web 3 such as issuance of a token with support for innovative products.
PI ecosystem tokens are not just about coping existing token models. We actually specifically deliberately avoid coping from existing models because we see many of the problems of web 3 these days actually stem from the traditional models. There is another aspect that is equally important which is the types of projects for launchpad.
Instead of looking at token issuers whose intent is to issue a token and then build a business around the token, Pi Launchpad actually focus on real businesses with real projects, real products which has a real problem to solve. Pi's focus is not on tokens for their own sake or integrations or me mechanisms in isolation, but what it takes to actually build a real product that solve human needs.
and then connect the web3 resources and tools to facilitate that. Why do tokens for users acquisition matter? Well, in the age of AI with all the foundation model breakthroughs and platform advancements that lower the barrier of building, the competition for user attention and user acquisition will be more fierce. There will be basically more tools than users.
But business models only exist if someone is using and paying. So in addition to advancing the tools people can build faster and smarter through AI and also in addition to the competition for compute energy and the better algorithm. There is also the competition for distribution contri competition for um data that improve and refine AI and also competition for authentic human participation.
for all these three aspects users, data inputs and authentic participation. Pi has a answer for all of them. As mentioned, Pi is a social network of over 60 million engaged mobile users. And in addition to the Pi Launchpad example I gave earlier, there are so many other avenues that are more lightweight.
You don't need to issue a token in order to tap into the Pi community for user acquisition. For example, building a Pi app integrate with Pi payments using our directory that is Pi staked to boost the rank of your app in the Pi ecosystem. Therefore, more users um pay attention to your app. There's also the layer of human workforce.
Actually, we recently released a report on how such distributed human infrastructure can enable AI and AI companies to enhance their um algorithm and enhance their models. Specifically, 526 million tasks were accomplished by over 1 million people. uh this was done in the context of PI KYC solution which use AI and also human validation to verify over 18 million uh users in the network.
This large human distributed workforce is a proven and um um active labor force that can potentially provide a lot of um processes such as human in the loop in the AI Authenticity and compliance are strategic rel you know resources for companies building on top of Pi. Uh we have over 18 million people who are already identity verified and 16.5 million of them are on the mainet with the wallet. This basically reduce the onboarding frictions of um uh users to be able to transact and at the same time avoid having to introducing them to a new payment solution. All of these are built on top of Pi's layer 1 blockchain that has a native payments, non-custodial wallets and smart contracts and enabling agent to agent, human to agent and the P2P programmable transactions.
So with AI disruption, there are actually biggest problems for us to solve in the next decades to come. Exploration of how to align web 3 AI and blockchain for utility is the work we as humans have to figure out the following aspects in AI era. First human economic participation and livelihoods. So when the AI advance everyone of us uh cannot help but wonder will AI replace me? Will AI steal my jobs? So we think the future will actually shifting from wage for labor model for most people to ownership based ownership of not just capital but ownership of businesses IP creativity data human connection or financial assets and the solution is not just you know some people say oh the solution is just a basic uh uh universal basic income it's not that simple how to scale how to distrib contribute to uh for the universal basic income before we get there.
How people live without a paying job and also how about meritocracy which is an important motivation for society's innovation. The ownership of all this are participate in financial processes and can be transacted to generate income for people to live on. Another aspect is financial literacy in the era of a AI.
In order for all these ownerships to be on on top on inside the financial processes, people needs to be financially literate. It's a must-h have skill for uh the majority for the mass adoption. So, PI actually intends to improve financial literacy globally in systematic way and explore new meaningful human economic participation in the age of uh AI.
Another challenge is facing by businesses. What are the mechanisms or resources companies need to rely on to survive the AI era with a foundation model? Sometimes overnight can throw some businesses um out of business um render some services useless because foundation models are so capable. And what is the thing that can help businesses survive this? Is it the users, the data, the network effect? Is it the authentic human participation or the interactions in their pro products? Or is it the additional assets like
tokens or NFTS that help provide them the resilience and cushions at the time of difficulty for them to readjust to overcome the challenge? These are the big questions we need to explore. And what is known is that with any type of major technology disruption, be it electricity, internet or um AI, it's never the case that the old business model just work and new services come on top.
It not only creates new types of businesses but also demand new types of business models. So PI's exploration such as its launchpad and further initiatives are to find out and facilitate with the individual financial life changes and also business new business models. It's inevitable that um there will be change in human socioeconomic structure.
Blockchain technology is at the forefront defining new financial and business models to work for individuals and organizations. These are fundamental problems that PI tries to solve along with millions of pioneers and members of the community all over the world. Pulling together the ownership of various things together to create a collective resources of Pi network and open to different businesses to tap into those resources and in turn contribute back into the Pi ecosystem.
Pi network as layer 1 blockchain with uh its large engaged social network, verified human identity and distributed computing power is innovating to lead during this time of a societal transformation. And we invite all of you to build with us and build on top of pi to solve these fundamental problems of our society in the years to come.🌎🌎🌎
--------------------
🥰Note: The global GCV core team encourages pioneers worldwide to unite and build a strong digital future based on fairness and community consensus. Let's move forward together—together and strong!
🥰Join the global Pi movement on Telegram:
https://t.co/37kYLHWyri
---------------------
👉Like, share, and comment to show your support for GCV and help spread the global GCV movement!
@PiCoreTeam@PurpleLotusGCV@lurima_pi@NoncePadja@JasonWong_Pi@mousaviradmajid@Kamraniyan@oliverndati@Patrick198117@HerineMako37549@Lowcupking@SiourySamer@kaserekatresor1@YohanesHelebak@rameshb_shetty@ange_expedit@ArtSolival@RAJKUMA65328491@AliYanik65@LIENCHE0307@daoviet1983@TanguayT59618@Jintaekjun@seckindikici@dikici_bul44899@Nguyet888888@Phuocdientyphu@baikoketsi12279@BrijeshMaloo@rungxrun91142
The first crypto bank is live and you can mine their token from your mobile phone!
I have just mined 24 $BOL on @bankofledger! 🔥
Mine $BOL directly from your phone at https://t.co/FFCB3mfL35
👉 Download Bank of Ledger: https://t.co/FFCB3mfL35
Start mining NOW! ⛏️
The first crypto bank is live and you can mine their token from your mobile phone!
I have just mined 24 $BOL on @bankofledger! 🔥
Mine $BOL directly from your phone at https://t.co/FFCB3mfL35
👉 Download Bank of Ledger: https://t.co/FFCB3mfL35
Start mining NOW! ⛏️