#PI Dear frens:

Hello everyone! I am Dr. Ni. Today I want to share some exciting news that has uplifted the entire team – we have welcomed two important "new partners" in the ecological construction of the Xiaoshan project: Banxa and On-Ramps. Their addition will completely change everyone's understanding of the use of web3 assets, making the process of "asset realization" as simple and natural as charging a mobile phone.

1. Banxa: The "Asset Magic Converter" designed for everyone

Do you remember our conversation about wanting web3 assets to truly serve daily life? The birth of Banxa is an important step towards that vision. It acts like a "universal converter," capable of directly converting your web3 assets, regardless of their form, into the local cash you need—without cumbersome intermediary processes, long waits, or even the need for you to master complex technical operations.

The first time I saw the Banxa demonstration, my team and I were very excited: users just need to tap a few times on the main wallet activation page, select the target currency, and assets can be instantly exchanged and withdrawn. This "one-click liquidation" experience is like when we first used QR code payment on a smartphone—suddenly realizing that the connection between the digital world and real life can be so smooth.

We have placed Banxa at the core of the main page, not only as a recognition of its technological strength but also to tell everyone: this is a strictly vetted and trustworthy partner. It has connected with payment networks in over 100 regions around the world, and wherever you are, just open Xiaoshan, and you can let your assets "take root" and turn them into "real conveniences" for buying groceries, paying rent, or even traveling around the world.

2. Security and Compliance: We care about your assets more than you do.

When introducing Banxa, the team repeatedly emphasized a principle: convenience first, security above all.

Banxa has passed our designated KYB compliance review, which means that every one of its services and every process has undergone multiple rounds of rigorous security testing. Just like when you lock important documents in a safe, Banxa exists to put a "digital combination lock" on your assets. We know that if everyone is willing to trust Xiaoshan, we must protect that trust with the highest standards.

What makes me even prouder is that Banxa's interface has been optimized multiple times and ultimately presents a minimalist design that is "easy for beginners to understand." I once saw a user who was experiencing web3 for the first time complete a cashing-out operation solely based on the page prompts—this is exactly what we want: technology should not be a barrier, but a tool to make life simpler.

Three, On-Ramps: Adding a "double insurance" to "convenience".

If Banxa is the "main weapon" we have prepared for everyone, then On-Ramps is the thoughtful "backup plan." Its functionality is completely identical to Banxa, supporting quick cashing out and having undergone strict compliance checks.

Why design like this? Because we know that in the digital world, "diverse choices" mean "a more stable experience." Just like you would carry two keys when you go out, the addition of On-Ramps provides everyone with more flexibility during use: which platform better suits your habits? In which network environment is the response faster? You can choose freely.

This is also the core logic of the Xiaoshan ecosystem: we do not want users to rely on a single tool, but hope to build a "tool matrix" that allows everyone to find the solution that best suits them.

Four, Future: What we are building is a "borderless digital life"

Recently, many people ask me: "Is the ultimate goal of introducing these converters the small flash?" My answer has always been: this is just the beginning.

Mainnet construction, ecological improvement, tool innovation... Everything we do is to build an "open, efficient, and secure" digital asset circulation system. In this system, your assets are no longer a string of cold codes, but a "digital energy" that can genuinely improve your life - it can help you make cross-border payments conveniently, support your participation in innovative projects globally, and even become the starting point for exploring future lifestyles.

I often say that the success of Xiaoshan is never just the result of a single team's efforts, but rather the outcome of the collective push from all participants. The addition of Banxa and On-Ramps is our response to everyone's expectations and a solid step we are taking towards "a borderless digital life."

Finally, I want to share my heartfelt words with everyone.

Remember when the project was just starting, we drew the first ecological blueprint on the whiteboard. The vision seemed distant back then, but today, the implementation of each function and the optimization of each experience are making that blueprint clearer. I want to thank every partner for their patience and trust—every piece of feedback and every attempt from you has been injecting momentum into Xiao Shan.

Next, we will welcome more partners like Banxa and On-Ramps, which will play roles in different scenarios, allowing the use of digital assets to permeate all aspects of life. What I hope to see most is that everyone can truly feel that the advancement of technology is making your life more free, more convenient, and more full of possibilities.

The sunshine in May is already warm, just like the energy that Xiaoshan Ecology is accumulating. Let us move forward hand in hand with anticipation for the future—next time, when we talk about digital assets, we may find that it has long become an indispensable part of your daily life.

Thank you for your company, see you next time!

Dr. Ni
May 11, 2025