EOS and the Chinese Community

“Shanghai tower in night time” by Adi Constantin on Unsplash

About three weeks ago we were posting polls in our Telegram group to figure out which articles our community members wanted to read. One of the topics selected was a more subjective piece about EOS and the Chinese community. More specifically, what the EOS community thinks about EOS and how word spread about EOS in China. Since we know the Chinese community is not a monolith, I have asked four members of the Chinese community about their perspective on EOS. The following article was crafted around their answers.

Joseph Fanelli co-founder EOS ASIA.

When did you first hear about the EOS coin?
I first heard about EOS a week before the ICO started.

What made you want to get involved in EOS?
When I heard about EOS I was studying every crypto I could, and I noticed how ambitious the project was. I always wanted to get involved, but I really did it when I first entered the community. What I liked the most about the EOS community is how helpful and active the community has always been compared to other crypto communities.

What was your job before you became an EOS BP?

Before I was an EOS BP I had an advertising agency while helping out the “City of Zion”, one of the main NEO communities and studying finance in Shanghai.

Why does China hold the most EOS in your opinion?

I know that China holds the most EOS because they’ve been interested in the vision of Dan since the very first day. Many were following Dan since the days of Bitshares and when they heard about EOS, the system built by Dan to overcome Ethereum, the Chinese community bought EOS on the belief that Dan was right yet again.

How did the Chinese community first hear about EOS?

I believe most of the Chinese community, or better, the hardcore crypto enthusiast, heard of EOS the first day of ICO. In fact, I still remember I talked about the ICO and EOS to some community member the first week that it all started. Many others heard of EOS from”KOLs” and news. We need to remember that many people were looking for the next coin that will boom last year. But at the same time, I believe that many community members rather than buying and selling they stayed in EOS because of the community and Dan.

Do you know who the big Chinese investors in EOS were?

By the time we were all candidates there was a lot of talks about big investors. I think most of them bought in the ICO or in exchanges before the ICO ended. And yes, it seems like many big investors bought were called so because they bought the ICO and not invested in B1. But I do not have any special knowledge about that.

What aspects of EOS do the Chinese community seem most interested in? The price of the coin? The underlying technology? The airdrops? The governance? Etc.

Everyone is interested in different areas and EOS has a lot of choices. I can say that a lot of people are interested in airdrops and price, and that’s normal all over the world. There are also many members interested in the tech and in the governance. Look at how many BPs there are in Asia and how they also created a similar equivalent of ECAF (EMAC — EMAF).

What are some of the biggest misconceptions about the Chinese community from Westerners’ perspectives in your opinion?

One of the misconceptions might be that a big part of the Western community might think that the Chinese community is acting thinking too much of their “own side of the world”; the reality is that there is a language barrier. We are actively trying to bridge that barrier, it’s normal that when you have a language barrier, you can’t fully understand what someone else is thinking about. That’s even more evident in this huge community. BUT we are lucky, because a lot of BPs or community contributors are actively trying to bridge this gap.

Does there seem to be an overwhelming preference for one governance model or another in China, or is the community pretty split?

I do feel like the governance community in China is pretty big, as a matter of fact here you will find many of the governance contributors of EOS beside the recognized EMAC and EMAF, these shows that China is definitely trying to lead on the Governance contribution side.

As of the model, I believe the community is split just like in the rest of the world, where there are members supporting the new constitution proposed by Dan and others supporting not really the old model (the actual one) but a similar model to the one we have right now with a few improvements.

What are the use cases for EOS that the Chinese community seems most interested in?

I can see that the community is waiting for a DAPP that can go mainstream, that’s what everyone in any crypto community is waiting for, but for the EOS community this is even more evident because we’re 5 months in the mainnet and we saw so many apps, performances and use-cases that have never been seen before in any other blockchain. This made the community believe and expect in “that” DAPP even more!

Do you think it’s true that Chinese users prefer to keep their EOS on an exchange? If so, why do you think that is?

A big percentage of the Asian community compared to the Western community likes to trade more than hold tokens and keep them in wallets. I believe that members that have too many coins are always inclined to trade while the members that focuses on a few coins are studying the underlying tech more and once they notice what’s good and what’s not they will finally decide to hold in a wallet. But one of the first uses of crypto from anyone in the world is always been trading.

What does the Chinese community think about the Chinese government’s recent crackdowns on crypto? Do you think the Chinese government is supportive of crypto or not?

The most basic members of the crypto community in China is afraid of the crackdown, while others that are more involved with crypto are really not. I can definitely see how, many crypto enthusiasts are actually trying to stay away from physical meetups or other things. The Chinese government has this kind of supportive/unsupportive attitude towards crypto. They can see the potential and don’t want to be left behind, but at the same time don’t want to encourage the general public to involve with it just yet. Probably until the tech, the economy, and the worldwide policy of crypto is more stable.

What is the one take away you want a Western audience to have after reading this article?

Be more open to differences and not judging “just because” a team is from China or Asia in general. They will easily find out how some of the BPs are way more technical and competent than they were expecting. It is normal to have BPs that doesn’t perform as good as others, and just because of this there shouldn’t be a fight or a concept for which we shouldn’t even look at Asian BPs because there are too many, but to screen them even better to understand which one deserve your attention and which one doesn’t.

Myra Wang, EOS Alliance, Shanghai, China.

When did you first hear about the EOS coin?

The first time I heard it was the end of last year. The exciting thing is that during my stay in Italy, I met a company called EOS. I also made a selfie at the door of the EOS company.

At the same time, what’s more, interesting is that, I am not sure if you know, there is a brand of lipstick called Eos (you can google it)!

What was your job before you became involved in EOS?

I started my business in 2013 and established three companies. I have been exploring the Internet field for several years. Before, everyone would not believe it, (including myself), I was initially a policeman.

Why does China hold the most EOS in your opinion?

In the past few years, China’s economic development has taken off, and the rich are many. Chinese people have many excellent qualities, such as hard work, courage, enthusiasm, and kindness. I believe that the bps that have been to China have felt the enthusiasm of Chinese friends.

These qualities have contributed to the rapid economic development of China in recent years. The population base is large, and it is normal for many people to hold tokens.

What aspects of EOS do the Chinese community seem most interested in? The price of the coin? The underlying technology? The airdrops? The governance? Etc.

The Chinese community is not just concerned with prices. It also cares about the convention and the constitution. As far as I know, the Chinese population has the most enthusiastic participants in the democratic discussion.

Because China has the most significant amount of money held, investors will inevitably care about politics and governance.

Do you think it’s true that Chinese users prefer to keep their EOS on an exchange? If so, why do you think that is?

My point of view is that we certainly don’t want to put our assets on the exchange, but there is no simple and convenient wallet. Most people think it is safer to put their EOS on the exchange, because at least they don’t have to bear the risk of losing themselves.

For example, my assistant, her EOS, is on Huobi because she does not have an EOS account.

Are there any key components about Chinese culture that would help Westerners better understand them as token holders?

China’s excellent traditional culture is hardworking. We really can endure hardship and like to work overtime. As far as I know, most of the workers in blockchain are always on the job and have no rest.

What is the one take away you want a western audience to have after reading this article?

I hope that friends in the West can hold events and inform Chinese friends in advance (because we need a long time to apply for a visa). We also want to learn about outside activities and interact with members of Western communities.

Michel Yang, ONO

When did you first hear about the EOS coin?

2018.3.20,I have served the EOS Union as a community partner.

What made you want to get involved in EOS?

EOS is very quick and in fashion. Dan has created two well built blockchain projects, it is his third project.

Why does China hold the most EOS in your opinion?

Because Lixiaolai invested many in EOS, he has so many followers, and DPOS needs elections, so many people wanted to be an EOS BP, so they created publicity for EOS.

How did the Chinese community first hear about EOS?

EOS Union, made by WU Lang and his partner.

Do you know who the big Chinese investors in EOS were?

Maybe, Lixiaolai.

What aspects of EOS do the Chinese community seem most interested in? The price of the coin? The underlying technology? The airdrops? The governance? Etc.

In common view, price is important, and the technology creates the price. After EOS mainnet launched, so many people not so much interested in EOS, because the price is down and big exchanges control BP vote.

10.What are the use cases for EOS that the Chinese community seems most interested in?

In EOS, it must be Bancor , FOMO 3D and other game or Newdex.

What are the best Dapps/forks/tools coming out of China in your opinion?

Tokenpocket, Imtoken and other wallet. EOS Force fork, Newdex and Bancor X Exchange.

Do you think it’s true that Chinese users prefer to keep their EOS on an exchange? If so, why do you think that is?

On exchange. So many people don’t know how to use wallet in China. They always use Huobi or Okcoin and store their EOS. It’s easy, because people can use RMB buy EOS in Huobi directly.

What does the Chinese community think about the Chinese government’s recent crackdowns on crypto? Do you think the Chinese government is supportive of crypto or not?

In my view, Chinese government support blockchain technology but not support cryptocurrency. In China, there are so many liar use ICO way to cheat common people. Government think it need to control, but Government still support some good blockchain projects in their way.

Is there anything else you would like to say?

I want to refer ONO. The best community in DPOS is ONO I think.

Polar creates blockchain infrastructure, core decentralized applications, developer tools and decentralized platforms. Telegram: https://t.me/polar_io

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store