IIC is Thriving — News of IIC Firstly Shown in South Korea: Full Surprises, Full Returns
On July 1, 2018, IIC has officially launched in Seoul, South Korea, and appeared in “Blockchainer Global Travel — South Korea”, conducting a two-day exchange discussion with the global blockchain project.
During the conference, not only did they reach a cooperation intention with some benchmarking projects, but also received consistent attention from the Korean blockchain media. What is even more surprising is that although it is the first time for IIC to enter Korea, the community’s partners were very enthusiastic at the spot, and paid close attention to the roundtable forum of Mr. Wang Shibin, CSO of IIC. The meeting had friendly interacted with friends from all over the world.
Let’s follow the super-brain of the editor to review the exciting feast of these two days!
01—Roundtable Views of CSO Wang Shibin
On the afternoon of July 1, at the roundtable forum of Chainers, Mr. Wang Shibin, Co-founder and CSO of IIC, discussed with Xv Yingkai, Founder of BlockVC, and Gao Chao, Partner of Jone Capital, on the issue of “how to treat the industry investment environment of current global blockchain and is equity investment able to be survived in blockchain industry?”.
In response to the theme, Wang Shibin believes that:
Token economy represents the advanced production relationship, and Token investment will increasingly replace traditional equity investment. However, due to the maturity cycle of the blockchain technology itself, in a considerable period of time, the advantages and disadvantages of the two will alternatively appear and coexist for a long time. Compared with Token investment, equity investment is a closer relationship between primary market and secondary market. From history and data, the biggest problem encountered in equity investment is actually the exit mechanism. Many equity investments has survived for 4 to 8 years, passed ABCD rounds but may still be blocked. Can we consider combining the characteristics of equity investment and Token investment through a model?
For example, under the ecology of IIC, Token has the attributes of equity property right and the basic property of payment and possession, which partly reflects the characteristics of equity investment and Token investment.
To understand this, it can be stated that equity products are only part of the vision of IIC platform products, but for this part alone, Token is used to raise high-quality equity projects in the traditional financial environment; the valuation accumulation of equity or the distribution to Token holders have actually been achieved by using Token to transfer certain equity attributes and using token assets to get target real assets, making the value of real assets reflected on Token.
Someone asks the question “what is the ‘whole ecology’ which IIC wants to create?” The whole ecology has three-layer meanings:
The first: Although we are a company rooted in blockchain technology, we are not only managing digital assets; we need to start with digital assets and extend to all traditional assets, such as stocks, bonds, foreign exchange, etc., as well as some complex financial derivatives assets. On IIC platform, we are constantly trying and arranging the interaction between traditional assets and digital assets, that is to say, “product diversity and cross-domain” is our first-layer ecology.
The second: For all assets, we have to serve their entire life cycle, from their incubation to growth, to a series of asset management, hedging, and their listing, exit, and every stage of their life cycle. This is our second-layer ecology.
The third: Compared with the traditional industry, blockchain projects are difficult to have a complete and clear financial model or profit model due to different valuation models, but as mentioned above, due to the connection of digital assets and traditional assets, IIC has a clear financial model. But what is different is that all the profits of IIC platform will be returned to IIC holders in the form of accumulation or dividend. What IIC holders really hold is the interest certificate, not just the certificate of workload. From this perspective, all our strategies, called “intelligent assets”, have been seen as a closed cycle from the community to the community. This is the third-layer meaning of our ecology.
Off-site Knowledge Point Supplement
Outsider asked: I’m confused about what Shibin said that IIC would participate in the entire life cycle of the assets. But what are the stages of the entire cycle of the assets? How can I participate?
Shibin: In terms of digital currency assets, it is quite well understood. For the ecology of blockchain project development, from the project incubation, ICO or private placement to growth, listing on the exchange, secondary market management, quantification to the growth and landing of the project technology, IIC will provide service and deliver value.
For traditional assets, a company from the very beginning, angel round, ABCD rounds, to listing, including stock issuance, bond financing, etc. will be included in IIC service in the future. Because the company has different values at different stages of development, listing may not equal to good project, and falling in CD rounds must be worthless. Through tokenization, the value of any development stage can be output and become fresh and fluid. Then IIC needs to dig out the value of every stage of the life cycle and give it back to IIC holders. We call it whole ecology.
Moderator: At present, there are many global blockchain and public chain projects in the blockchain industry. In addition, there are many service companies such as exchanges, media, and secondary market quantitative transactions. It is relatively easy to operate a service company with Internet thinking, but blockchain company may not necessarily apply. So, in your practice, what kind of service company is most needed on the market? What kind of characteristics do these companies need?
Shibin: what blockchain itself needs to be solved is the trust problem of the traditional Internet world. No matter which application level is used, whether it is financial, logistics, games or other application scenarios. It is ironic that the blockchain itself needs to solve the trust problem of the traditional Internet application; therefore, fast development of blockchain has caused the increasing trust cost of the investment environment of the blockchain itself. Compared with the traditional financial market, I believe that the current blockchain industry needs a credible rating agency; I think there are several factors of the rating conditions for a good rating agency:
1. A relatively centralized operation to improve efficiency. If you must pick out several industries that do not require blockchain technology, then I think the rating agency of blockchain should be one of them;
2. Must have a large amount of detailed data, and need technical support to conduct scientific judgments, rather than some current interest-based writing created by self-media;
3. The establishment of the agency should not be an individual, but a project alliance or exchange alliance, so as to maximize the data of the entire market and industry to give investors, project parties and even other blockchain service agencies a benchmark; and the agency also needs constant optimization and iteration to make all the people in the market participate in and more institutions pay attention to.
02— Grand Event of Global Project Exchange
During the short two-day activity, IIC received attention from all parties. The booth was extremely clogged for several times. IIC successfully cooperated with many industry companies.
The two co-founders met with the global business president of the most well-known ICON Group in Korea, exchanged ideas on the bottom technology development model of blockchain, reached a preliminary cooperation intention to enter the Chinese and Korean markets, and reached a preliminary cooperation agreement on the launching of ICX in IICPay wallet.
Hyundai Group, one of the four largest companies in South Korea, also launched the IoT technology based on blockchain. The modern strategy minister and director downloaded and experienced IICPay and had full communication with CSO Wang Shibin and COO Zhang Ruixin, and fully expected the cooperation of blockchain technology with IIC.
As the second largest blockchain community promotion agency in Korea, the Blockchainer is also cautious and strict on the screening threshold for projects promoted in the Korean market. The head of the Korean region thought highly of the comprehensive strength of a comprehensive ecological financial management philosophy and the owned traditional finance, experts on the latest blockchain technology + strong technical support team background of IIC, and was confident to promote its “financial value ecology” to the Korean market.
Manie Eager, Chairman of the Board of Directors from Quantum Exchange & Banq, came to the IIC booth early in the morning. IIC activities supported code-scanning. He made further discussions with CSO Wang Shibin on the current stage of cooperation.
Although the two-day event was very short, the two co-founders enthusiastically spread IIC, discussed with various project parties including Youdeal, Kcash, Bitup and Efforce, and reached basic cooperation intention with companies such as Kcash, etc..
03— Popular among Korean Media
Plenty of Korean media had a strong interest in IIC, conducted in-depth interviews with the two co-founders, and performed detailed reports to help the development of IIC in Korea.
TRUE BLOCKS, an authorized Korean blockchain media, visited the two co-founders at IIC booth. The fluent English and the clear understanding and deep understanding of the Korean blockchain market of the two co-founders made the Korean reporters quite impressed. The reporters also expressed their expectation of IIC entering South Korea and showing its strength in the Korean market.
Kim Jong-il, a journalist of TODAY KOREA, a comprehensive technology financial media, is also a blockchain enthusiast. On July 1st, he conducted an in-depth interview with Wang Shibin, CSO of IIC, and carefully studied the ecology concept of IIC and the principle of inclusiveness, and highly praised and agreed to continue tracking the pace of the IIC’s entry into Korea.
AMBLE TV of YouTube, ICO TODAY and other media had conducted in-depth interviews and reports with the two co-founders of IIC. After the two announced their plans for expansion in South Korea in the future, several media expressed their willingness and enthusiasm to keep track of the report.
At the end of this journey, the two co-founders CSO Wang Shibin and COO Rebecca were deeply tracked and video-interviewed by TVCC, a Korean blockchain emerging network TV station, and Blockchaintoday, a global blockchain magazine producer.
04— Community Responded Actively and Supported IIC
July 1st and 2nd has witnessed the continuous rainstorm, but it did not affect the popularity of IIC. Members of IIC Global and Korea Telegraph, Twitter and Facebook all came and supported IIC with holding the banner of “IIC GLOBAL COMMUNITY” and neatly shouting the slogan “IIC Global Community”. Their faces are shining. One of the members of the community Jane, a student from Kazakhstan, came to COO Rebecca to learn more about IIC.
Members of IIC community were young and energetic. Everyone was happy with COO Rebecca and CSO Wang Shibin. They played the “Holding Chin” challenge game and laughed together.
Click the link to watch: https://v.qq.com/x/page/f1343pd83sr.html
At 16:30 on the same day, IIC Korean team participated in a well-planned live interactive event, which was not only allowed to interact with the on-site booth, but also provide an accurate view of the international trends of CSO Wang Shibin and international blockchain experts. After CSO finished the roundtable, he was surrounded by media and blockchain experts from all over the world to answer their questions. The live broadcast users were very active, and IIC also provided the gift of 100,000 IIC to netizens who answered the questions correctly.
During the live broadcast, An Xinxin, Partner of Golden Finance, also actively supported IIC. He just joined in a fierce battle of tongue in the roundtable forum, and he became very enthusiastic and loving soon.
Click the link to watch: https://v.qq.com/x/page/v1343rxdj35.html
05— Korean Plan of IIC
Since IIC landed in Huobi Korea in May, the project has attracted the attention of Korean investors. Since then, the exclusive Korean telegraph group has been established: https://t.me/Officialiickorean. Recently, the activity of inviting new members to get candy in Korean Telegraph Group is in full swing. In addition, the project is communicating with National Business Daily and popular blockchain YouTube broadcasters, and at the same time made connection with the exchanges in the local currency exchange area in Korea.
Recently, IIC has established a professional and enthusiastic Korean promotion team; in the future, the project will be held in the Korean market every month, participating in a landing event, fully engaging with Korean project parties, media, community and other partners and expanding brand influence to the Korean market.
06— Team behind the Scene
IIC Korean team quickly set up the IIC booth on the night of the arrival and opened the event of Korean Blockchainer. Looking at the elaborate display panels and presentation materials, everyone was happy to record the beginning of the IIC entering into Korea on the booth by a Chinese short-video recording APP.
Click the link to watch: https://v.qq.com/x/page/x13432720zy.html
Reflection of Team Members
Overseas Operating TEAM Manager:
The activities at South Korean were really shocking and unexpected, and the journey of blockchain and coin was dazzling, tired and exciting. In just two days, we did live broadcast for the first time, and we faced such a large platform and continuous crowded audiences. Alexander continued to tremble and the live screen was shaking like an earthquake. I learned a lot and had more confidence in the career of IIC. Let’s cheer together, IIC go to the moon.
Visual Center TEAM Manager:
Our brand has been affirmed by the project parties and media. We have communicated how to make the technology better combined with practical application. We have discovered the possibility of blockchain entering more industries. The journey to South Korea makes us gain a lot, and IIC will be definitely promising!
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