CONSENSUS MEETING ON FRIDAY JUNE 17, 2022.
Speech by: Cheng Yawen (Chinese)
Dear Pi Network pioneer leaders, dear conference hosts and business representatives around the world, and dear Pi Network pioneers, First of all, I would like to thank Mr. Woody and Ms. Doris Yin, for kicking off and hosting this Global Business Consensus Conference, thank you for your hard work throughout, and thank you to all the pioneers of the Pi Network for your efforts to strengthen Pi.
Take advantage of this opportunity, I would like to have a brief presentation of myself.
My name is Cheng Yawen . I am from Yiwu City, Zhejiang Province, China - a city well-known as the Small Commodity Capital of the World. I graduated from Chongqing University, China with a bachelor's degree in accounting and my position is as a financial manager.
Networking:
I am honored to have the opportunity to meet business representatives and friends from all over the world. It is also a great honor for me to have this opportunity to share with you from a businesswoman perspective my understanding of Pi Network. The industry we have been working in since 2012 is textile printing and dyeing, mainly sock and fabric dyeing.
The Great Depression of the global economy has also affected the service industry in which we find ourselves. We switched to exporting socks and finished garments in the second half of 2020. All payments are settled in US dollars and the risks induced by the instability of the US dollar are all borne by our sellers.
In addition, there is a time lag when we transferred money from abroad and is under the control of centralized finance. All of this makes our business difficult to manage.
Just when our company was looking to get out of this situation, I came across Pi Network. Through careful study and understanding, I realize that Pi is a decentralized financial system, an international rapid settlement system without barriers, and a self-confidence system. Pi is an international online and offline payment system and operating system like Android, Apple IOS, as well as a search engine system.
Pi is an omnipotent business ecosystem accessible to countless DAPPs. Pi is Web3.0, able to boost global trade integration. Pi Network has covered 233 countries around the world and has over 35 million active pioneers.
Merchants can do business globally through this aircraft carrier from Pi Network.
For traders, Pi is an exchange rate, i.e. 1 Pi equals $314,159. For example, assuming the retail price of pants is 100 US dollars and the cost is 80 US dollars, buyers pay 0.0003183 ft for a pair of pants and my cost is only 0.0002546 ft. So my final profit is 0.0000637 Pi. With the continuous influx of various ecosystems, the price of Pi will increase, such as 1 Pi equals $628,000 or even more. The PII earned through barter also appreciates.
If we use fiat currency to do business directly, it earns me the same profit as 20 US dollars, but it will depreciate. That is, the purchasing power of 20 US dollars is less than that of 0.0000637 Pi.
Pi Network ,1Pi= $314159. Thanks to this Pi Network aircraft carrier, our traders can sell goods to all corners of the world. Barter in malls is just the tip of the iceberg. I believe that through barter, more people will see the value of Pi, and Pi will flow into more people's hands.
Let more people accept Pi and let more people have Pi. As a merchant, I am willing to barter with the price of 1 Pi equal to $314,159. Only a high price can allow the Pi ecosystem to grow steadily and healthily.
That's all my talk today.
Thank you all very much for listening.
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