My Journey with Doubler — Unbreakable Bond

Hey there, folks! I‘m Magic, that’s the nickname my friends use for me. I’m a passionate Bitcoin enthusiast who’s building a strategy investment protocol called Doubler.

It all started in 2015 when I first discovered Bitcoin. Being immersed in the dynamic world of cryptocurrency, I’ve been an avid participant in the crypto market, experiencing the exhilaration of price surges and the disappointment of sudden crashes. Like many others, I’ve been through the relentless grip of market manipulation.

But here’s the thing, I refuse to accept this status quo.

Why did I Create Doubler?

That’s a question I’ve been asked by friends countless times**.**

To find the answer, we need to go back to March 2018. It had been three years since my first encounter with Bitcoin, and I was embarking on the path of entrepreneurship, navigating it alone. stil unaware of smart contracts.

That year, I made my first significant fortune in the crazy bull market — $200,000. For someone in their early twenties, that amount felt astronomical. However, as the bull market retraced, I swiftly lost most of my wealth, watching it dwindle to less than $50,000. It felt like a roller coaster ride, with my emotions swinging back and forth. The following two months were spent in solitude, locked in my home, silent and withdrawn, spending my days sleeping or watching movies. I even started questioning whether I was dealing with depression.

Then, in early June, I received a call from a childhood friend. He approached me with an investment opportunity for his startup project, but I didn’t have the funds. All I had was that $50,000, and I needed to wait for the right moment. About a week later, he showed up at my doorstep in person. He had an idea to develop a product based on the Martingale strategy, one that would allow me to invest in crypto assets without incurring losses. I researched the Martingale strategy online and discovered that his project was theoretically feasible.

So, the next day, I decided to dive in. I sold off my Bitcoin and Ethereum holdings and by mid-August, our product was officially launched. Through inviting friends to invest, we managed to raise approximately $3 million in funding. Through practice, we found that the product indeed avoided losses. Although most of the funds remained idle, not a single one experienced losses, prompting us to upgrade to version 2.0. However, on November 14th, our dreams came crashing down.

Bitcoin plummeted from $6,400 to $4,400, and everyone suffered losses due to insufficient capital for further investment. In the following month, Bitcoin dropped further to $3,000, leaving everyone devastated. I can’t even begin to describe how I managed to get through that month. Our entrepreneurial dreams were shattered.

That’s when I first encountered the Martingale strategy and gained a deeper understanding of investment risks. I even came close to facing legal action from traditional investors who had misunderstood the situation and reacted impulsively.

This experience has given me a profound understanding and appreciation for cryptocurrency, investment risks, and the world of entrepreneurship.

Exploring the Secrets of DEFI and Smart Contracts

Ever since my encounter with failure, I’ve devoted a substantial amount of time to learning and exploring the crypto market, with a particular focus on gaining a deeper understanding of the Martingale strategy. Over time, I’ve come to realize that the Martingale strategy itself isn’t inherently flawed. The real issue lies in our inadequate grasp of market depth and a lack of clear understanding regarding the practical limitations of the strategy. This profound reflection has revealed potential areas for improvement, which ultimately led to the inception of Doubler.

My understanding of smart contracts originated from my interactions with Compound and Uniswap. It marked my initial venture into the world of DEFI, unveiling a fresh perspective for me. I vividly remember the scorching hot weather of June 2019. One evening, after a sweltering day at work (oh, by the way, I had already secured a new job, albeit with a modest salary), I found myself suffering from sleeplessness. It was during that restless night that I stumbled upon Compound on Twitter, which led me to discover an article, my first introduction to Compound. From that moment onward, I dedicated a significant amount of time to delve deep into the world of DEFI, and naturally, I also acquainted myself with Uniswap. Before that, I had been using Coinbase, but now I learned how to access DApps using a wallet. I dabbled with various on-chain products, investing a small amount of money. Although these applications eventually proved to be remarkable, at the time, I wasn’t particularly enamored with them; I still leaned more towards the familiarity of Coinbase. By May 2020, when DEFI began its explosive rise, I found myself at a loss, unable to keep up with the frenzy, despite later receiving the UNI airdrop.

Meeting Maxwell

In January 2021, just after Christmas, I landed a new job. It was with a small startup team of about 20 people, a decentralized exchange (DEX) platform. It was there that I met my partner in crime, Maxwell Davis, who is now the CTO of Doubler. It was my first encounter with a programmer who also shouldered the responsibilities of managing the company. He was an exceptional engineer and an outstanding leader. Let me tell you, he’s a really cool guy. Unfortunately, the company disbanded at the end of the year.

However, the demise of the company didn’t mark the end of my connection with Maxwell. Quite the contrary, our bond grew even stronger. We frequently delved into market discussions, with a particular focus on the application of the Martingale strategy in the market. After countless discussions and research endeavors, we daringly assumed an unlimited supply of “ammunition” as our foundation for action. As a result, we made the decision to integrate the Martingale strategy into smart contracts. After a tremendous amount of effort, we finally birthed the initial version of the “Magnet Protocol” — the preliminary essence of Doubler.

The Birth of Doubler

Our journey was not without its challenges. At the outset, we were consumed by the exhilaration of innovation, convinced that we had discovered the definitive solution. However, the reality proved to be a labyrinth of complexity. We found ourselves entangled in a series of logical conundrums, grappling with intricate problems for weeks on end. Our office became our second home, as we burned the midnight oil, engaged in fervent brainstorming sessions. Sometimes, we even stayed overnight in the office. We even developed an app to validate our ideas with three years’ worth of data. However, the intricate web of product logic left us feeling dizzy and disoriented. It wasn’t the outcome we desired, but it didn’t dampen our Christmas spirit.

Perhaps it was fortuitous intervention that smiled upon our team of visionary innovators. January 2, 2023, marked a turning point. On that day, our brilliant colleague, Oliver Thompson, experienced a sudden flash of inspiration en route to the restroom, introducing a paradigm-shifting idea. If problem A lies at the core, why not tackle it head-on, directly addressing its root cause? When he unveiled his breakthrough, we were overcome with an indescribable sense of excitement. At four o’clock in the morning, we cracked open a bottle of whiskey, celebrating the birth of Doubler. We all stayed in the office that night, cherishing the joyous moment together.

In the ensuing days, we dedicated ourselves wholeheartedly, relentlessly working day and night, diligently developing, rigorously validating the fundamental logic, and simulating vast volumes of historical data from preceding years. Our esteemed mathematician, Victor Zhang, Victor Zhang, even went without rest for four days and three nights straight, validating at the data level for the first time. The rest of the story doesn’t need much explanation — every team member raced against time, sacrificing sleep and social activities, while our enjoyment multiplied within the walls of this office.

Now, Doubler V0 version is in testing phase. We expect to launch the V1 version for testing shortly. We have completed the major tasks, including:

• Smart contract development
• Product interface design
• Whitepaper documentation
• Developer documentation

The primary contract development has reached fruition, with the V1 testing version set to launch in mid-July. Following a concise testing phase, the official V1 version will be made available to the public.

Despite the fact that Doubler’s core value is not reliant on a token economy, we have made the decision to develop a token economic model to incentivize broader engagement with our project. We will provide a comprehensive outline of this model in the near future. At this time, I would like to share two potential positive developments, although it is important to refer to our official announcements for confirmed details.

Firstly, we have reserved 10% of the DBR tokens for an airdrop, as a gesture of encouragement and appreciation for all participants. Secondly, we have implemented a unique feature that allows anyone to click “END POOL” to conclude a pool, offering an opportunity to acquire DBR tokens.

We eagerly anticipate your involvement and are excited about the promising future of Doubler.