Reveal the secret of China’s cryptocurrency capital, so they are playing!

SaviMedia
SaviMedia
Sep 2, 2018 · 6 min read

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Recently, China’s heavy fist regulation is not only directed at the Chinese media. With interviews, blockade of IP and other operations, the spearhead also began to point to the exchange. When it comes to the digital money exchange, it’s a great tool for Chinese capitalists to circle their money.

From the basic operation, the capital not only boosts the project side, but also the platform investor, also has invested the currency circle vertical media. One-stop service, guaranteed not to cut leek.

Let’s take a look at the secrets of the exchange and the combination of capital.

In January, Xu Xiaoping, ZhenFund’s founder, made headlines at one point in WeChat’s speech on the block chain, along with a popular three-point Zhong WeChin group.

At that time, Xu Xiaoping said with a loud voice:

“the blockchain revolution has come. This is a great technological revolution in which the vicissitudes and the perverse will be more rapid and thorough than the Internet and the mobile Internet. “

Such words, I have to say, are tempting for many who want to seize the tuyere of the times.

Just when Xu Xiaoping said this remark, the digital currency had already risen to the highest point in history. At this time such a speech, looking back, it is quite intriguing.

People who have currency circles say that this is not to take the dish of leek.

You know, ZhenFund was one of the early layouts of the blockchain industry. As early as November 2013, Firecoin won a joint investment by ZhenFund and angel investor Dai Zhikang.

The Beijing Zhenguetianchuang Equity Investment Center (limited partnership), which joined as an investor in 2014, withdrew in December of that year, and another natural shareholder named Dong Fang entered.

ZhenFund really quit? The figure Tucson broke the year.

The official website of the True Fund shows that Dong Fang is the Secretary of the True Fund Board, responsible for the daily operation and strategic coordination of the True Fund Board.

As can be seen from ZhenFund’s official website, under the column of “Financial Science and Technology”, several investment projects related to block chain are introduced, including fire coin, public trust treasure and other block chain projects.

In addition, Jiaxing Zhenzheng Tianyu equity investment partnership (limited partnership) invested in Beijing dollar world network technology co., Ltd.

Prior to the fire coin network, the currency world’s WeChat public number in the previous official regulation object, was permanently sealed.

As a rival to the original fire money OK, there are also well-known investors behind the figure.

China’s leading venture capital fund Ceyuan Ventures, the founder of Hong Kong-listed company 01357.HK, invested tens of millions of dollars in round A investments in early 2014, according to OKEx.

According to Longhorn Investment website,

“Longlead Investments is an equity firm founded by renowned angel investor Mr. Tsai Wen-sheng, which aims to help more innovative entrepreneurs and provide strong support for technology innovation entrepreneurs.”

Cai Wensheng is one of the supporters of the block chain industry.

Regarding Tsai Wen-sheng, there was a legend circulating in the block chain industry that Cai Wensheng had built a WeChat group of 500 people at that time, directly issuing coins for the eligibility to enter the group, and adding up to 500 people who held the money and who joined the group. It is said that Huang Xiaoming participated.

Cai Wensheng himself denies this. However, Tsai Wen-sheng once said publicly, “I have set myself the goal of having 10,000 bitcoins. This small goal is now coming to fruition. “

How? In February, Tsai Wen-sheng ‘s US chain virtual coin BEC went online on the OKex Exchange, opening up a jump of more than 4, 000! That puts the market capitalisation at $28 billion. BEC was subsequently exposed to the existence of a major loophole triggered a sell-off wave BEC value was once almost zero!Tsai Wen-sheng and Meitu were accused of making behind the scenes. Speaking in Martian Finance, Tsai Wen-sheng denied that Meitu did not do the BEC chain, nor did it do it personally. In addition, the exchange, the United States chain since then also took the corresponding remedial measures.

Some netizens said that it was likely that Tsai Wen-sheng himself had harvested at once, but could not explain why such a situation occurred, so the ambushed BUG was released and deliberately attacked.

Finally, we have to say that FCoin. is the most sophisticated exchange in the blockchain industry.

FCoin pioneered the mindset of the currency circle in a trading-as-mining fashion, which has been followed by countless exchanges. Since then, its patterns have been revamped, announcements updated frequently, and the whole leek has been a joke.

The author was also accused of being a professional fraudster after the famous online article “FCoin: ‘s Blood and tears of a chive” reported that the real name of the FCoin, article was nothing more than how miserable a chive was. Luo Shengmen is hard to tell, but the article is accompanied by a recording of Zhang Jian’s speech, who said in person that the price / earnings ratio of the FCoin currency is low and valuable for investment.

This is the naked bluff.

Let’s not get off the track and go on to talk about FCoin’s capital background. According to the official website, Danhua Capital, Node Capital, Singer Capital, Eight-Dimensional Capital, Time Stamp Capital, Bi Sheng Capital, Zipper is its institutional investor.

Among them, singer capital, participated in and cast the block chain from the media “a block chain”; node capital du, is also a gold finance investor, and gold finance is also listed as the public name of WeChat.

In addition, on the FCoin platform, there are ZIP,ZIL,GU and other projects. Among them, ZIP is the Zipper card, and Zhang Jian is one of the community members of its official website. In the Guten’s white paper, Zhang Jian is also one of the core members of the community committee.

On 13 July, the FCoin announcement announced that, in accordance with the principles of the registration system, when the project party has completed the FT fund-raising (raising no less than 3 million FT), and has been recommended by at least two FCoin certified gem sponsors), Can submit gem “FT trading area” on the application.

The FCoin gem sponsor is responsible for reviewing the truthfulness of the project white paper and the fundraising process. Among the first sponsors, FCoin’s institutional investor node capital and Danhua Capital are listed, while Zhang Jian’s partner’s singer capital is also on the list.

The project is launched in your platform, as an exchange should be monitored, the result of the project and the platform is a boss, but also the supervision of what?

Even if you see through all this, you can only say nothing.

These are the capital side gangs who harvest the leek game through the exchange.

In the current environment, China’s digital money exchange will be more difficult to survive. But in the future, digital currency transactions will inevitably rise in a different way. An exchange endorsed by state credit will evolve, and the launch of the project will be more tightly regulated. Of course, China may lag a bit, but it will never close the door.

Written by

SaviMedia

A professional PR company for foreign blockchain projects entering China.

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