At Consensus 2026 Miami on May 7, Pi Network co-founder Dr. Chengdiao Fan addressed token design, emphasizing that tokens should serve real users and product development rather than function primarily as capital-raising tools. During her keynote speech titled “Aligning Web3, AI, and Blockchain for Utility,” Dr. Fan highlighted Pi’s ecosystem scale: 60 million engaged users, 18 million KYC-verified members, over 1 million validators, and 526 million volunteer hours contributed to the network. She outlined three macro challenges Pi aims to address: human economic participation through ownership models, financial literacy improvement, and new socioeconomic structures enabled by blockchain. Pi’s Protocol 23 smart contracts are scheduled for mid-May 2026, opening the layer-1 blockchain to DeFi applications.
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