Pi Pioneers Pedal Perseverance as Pi Plummets! 🚀📉

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Behold! The Pi Network founders, in a bravura performance at a Seoul stage, endeavored to remind the faithful of their grand design-while the Pi Coin price performed a somersault into the abyss in late September.

One might say the coin’s 50% nosedive was but a minor hiccup in the grand opera of their vision, though the opera’s chorus now sings in a slightly more falsetto register.

Pi’s Founders: A Symphony of Ambition Amidst Ecosystem Expansion 🎻

Nicolas Kokkalis (NK) and Chengdiao Fan (Cfan), the indefatigable co-founders of Pi Network, addressed a throng of Korean pioneers at a local meetup, their expressions as resolute as a man who’s just discovered his umbrella is actually a parasol.

Pi Founders-Nicolas and Chengdiao-appear for a meet up in Seoul, Korea.

– Woody Lightyear 𝛑 (@WoodyLightyearx) September 22, 2025

They reaffirmed Pi’s mission with the solemnity of a man explaining why he’s buried his goldfish in the back garden: to prioritize utility, community growth, and ecosystem development over the trifling concerns of market volatility.

Fan, with the enthusiasm of a man selling moon land to a raccoon, outlined Pi’s multi-layered identity, declaring it “more than crypto”-a developer platform, social network, and utility-driven ecosystem, as if such terms weren’t already sufficiently befuddling.

He waxed poetic about Pi’s achievements, citing 60 million engaged mobile users (a figure that would make a lemur blush), 350,000 testnet nodes, and 14 million KYC-compliant users, as though these were the ingredients for a particularly ambitious soufflé.

“Pi is a lot of things…We are a cryptocurrency, a social network, a developer platform, and a utility-focused ecosystem… Our next stage is continuing to expand the community and ecosystem, emphasizing utility and going beyond,” Fan said, as if the universe itself were holding its breath.

Pi’s newest initiative, App Studio, is an AI-powered tool that allows non-technical users to build apps. One might call it the “Wodehouse of Web3,” though the raccoon in question might still prefer moon land.

Thousands of apps have allegedly sprouted in its first three months, a feat the founders claim is “a cornerstone of future growth”-a phrase that sounds suspiciously like a man describing his ability to balance a teacup on his nose.

Pi Ventures, a $100 million fund, now backs “disruptive teams,” a term that probably sounds thrilling to venture capitalists but less so to anyone who’s ever tried to disrupt a Monday morning.

Long-Term Vision: A Dance With Market Cycles 💃🕺

The founders urged the community to ignore short-term fluctuations, a suggestion as practical as telling a toddler to ignore a shiny candy. This came as Pi Coin’s price waltzed into a ditch, and whispers of unofficial exchange listings echoed like a poorly tuned kazoo.

Kokkalis reminisced about Pi’s humble beginnings, when he and Fan struggled to recruit 54 early adopters in a shopping mall. One imagines the mall’s security personnel were equally baffled.

“For me, it’s really the community. We started more than seven years ago with just a vision, and despite challenges, we stayed focused on building utility and adoption,” Kokkalis said, as if utility and adoption were the only things left to build in the universe.

Fan added that true value creation takes time, a sentiment as controversial as suggesting that tea is best served lukewarm. He warned against crypto’s “value extraction culture,” a phrase that probably sounds like Greek to a Greek yogurt.

“Long-termism really needs to kick in. Value creation is always harder than value extraction,” he said, as though the universe were a particularly stubborn nut.

Tackling Challenges: KYC, Infrastructure, and Trust 🛠️

The founders also addressed community concerns, clarifying that only Pi listed on “officially recognized KYB-approved exchanges” should be considered legitimate. A statement that probably made the KYB team feel as valued as a man who’s just won a spelling bee.

They warned against scams and unauthorized tokens, a caution as welcome as a raincoat in a desert. Fan noted Pi’s KYC approach, which has onboarded millions without fees, is critical for compliance. A feat that would make a tax accountant weep into their coffee.

This revelation came barely a week after Pi eased the KYC bottleneck with a new feature. In hindsight, Pi Network KYC was a contentious issue, with users citing transparency, migration delays, and price volatility-concerns as numerous as the stars in a particularly starry sky.

On infrastructure, Kokkalis acknowledged the technical challenges of scaling to millions of daily users, a task as daunting as herding cats with PhDs. Despite market skepticism, the co-founders painted Pi as a platform poised for mass adoption, bridging blockchain and AI to deliver “practical tools.” A phrase that probably sounds revolutionary to a man who’s just invented the wheel.

With grassroots app creation, a venture fund, and a global community, they argue Pi is building a foundation designed to outlast short-term volatility. A claim as bold as a man claiming he’s invented a time machine, though the raccoon might still prefer moon land.

“We insist on utility because blockchain networks must produce products that are actually useful and address human needs. That is how real adoption happens,” Fan concluded, as if utility were the secret ingredient to a particularly spicy stew.

As of this writing, Pi Network’s token, Pi Coin, was trading for $0.2616, down by almost 4% in the last 24 hours. A decline that would make a lemur weep, though the raccoon remains unfazed.

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2025-09-26 11:45