After suffering, comes the growing sweetness

Bibox Exchange
Jan 25 · 4 min read

Last year we experienced setbacks and gained a lot. It said that our trading system is becoming more and more robust, as well as our products and ecology are getting more and more abundant. I believe that in 2020 we will give users a much more satisfactory answer.

It’s not that easy to get an interview with Jeffery Lei. The appointment has been pushing off, and I eventually saw Jeffery, the soul of the Bibox, in an early winter morning. He looked energetic but it was obviously weary in his eyes. “Last night, I spent entire night in verifying if that a forthcoming business has sufficient robustness at the peak time of transactions.” Said Jeffery Lei, who was smoking and explained it to me.

“Low-key” and “ A doer “ are words that people from the industry trend to address without thinking when it comes to what impression that Jeffery Lei left them. But Jeffery said: “I think it would have been one more word ‘rebellion’ that makes much sense.

Up against stream is an option as well

“Rebellion is not against orthodox, but sort of reverse thinking. The features of blockchain tech is to risk the existing centralized financial system, which is also considering as kind of rebellion.” explained Jeffery Lei. Given his personal entrepreneurial experience, it is indeed full of rebellion.

As early as 2006, Jeffery Lei began his own entrepreneurial journey. His first one was a WAP and geo-based coupon project. At that time, the market was not yet developed, also due to many restrictions such as the development of mobile technology, this project died fast.

“Coupon is a side method, but not the main one. Though we caught up with the mobile Internet trend at that time, once if immersive apps like Alipay and WeChat added it, we would get tough to go on.” he said.

The next experience is on a well-known project called OKCoin. As a co-founder, he seized right that opportunity and then took it to the throne as one of the world’s largest Bitcoin trading platform in just one years.

At that time, Jeffery Lei, who should have enjoyed his success and shared the joy of win, but once again “rebelled”. This time his aimed at AI, a blue ocean market whereas many people were not involved at the time. Although it was a blue ocean market, Jeffery Lei had also pinpointed the needs of market segmentation then forced again to make AI market segmentation really well.

In year of 2017, Jeffery Lei turned once more gorgeously that returned to the long-left blockchain industry. This time, it is not only about a trading platform, but also a combination with previous artificial intelligence technology.

New gains is a must in new year

“To do things that others haven’t done seems likely would end up with nothing, but I am still willing to challenge and set up a trading platform that combines AI and blockchain,” Jeffery Lei said that. Before Bibox founded by Jeffery and his friends, none of the existing Exchanges was built on artificial intelligence + blockchain technology. Based on it, this path must be full of challenges.

“In the past few years, I felt both ourselves and our users grew up. When starting a business is not that a smooth sailing. When doing something, you just need to find a right direction and persevere it till succeed.” Jeffery Lei further concluded. “When you take a different path, certainly for many people they don’t understand or even misunderstand. It said that last year we solved all the technical difficulties which we may encounter in the next five years or even longer. Even this process is painful, but fortunately when it got solved, the users became far more understanding and that moved us. Meanwhile, the support and understanding from users also moved us forward. Only with support of users, Bibox have been getting better and better. User First is always our creed “He said.

2019 is a year for Bibox with various “growth pains”, also the external environment is constantly changing. With the coming of the new year and looking into the future, Jeffery Lei is rather confident. “Last year we experienced setbacks and gained a lot. It said that our trading system is becoming more and more robust, as well as our products and ecology are getting more and more abundant. I believe that in 2020 we will give users a much more satisfactory answer.” Jeffery Lei said.

Intern reporter: Zhao Zhiran

Translation: Foo Hui Sui

Proofreader: Yeats Tsao

Bibox Exchange

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Bibox is an AI-enhanced encrypted digital asset exchange and is one of the largest global exchanges.

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