SOL Foundation: The application scenario of PayFi is the white whale of the encryption industry, and tokens will never truly disappear as long as they have a community

Liu Yuanli, the chairman of the Solana Foundation, stated at the Consensus Hong Kong conference that PayFi's application scenario is huge and it is a "White Whale" in the crypto industry. If every blockchain aims to become global financial infrastructure, then these technologies are stacked up and the core goal of the industry is to build a financial layer so that all 5.5 billion internet users can use it.

Once a token has a community, it means it will not truly disappear. For example, Ethereum Classic or projects like Bitcoin Gold and Bitcoin Diamond which are rarely mentioned still have huge market values because of their community size and longevity.

PayFi's vision is to make payments in economic behavior, i.e., exchange tokens for services, which has not yet been fully realized.