It is said that one day in the cryptocurrency circle is like one year in the real world. After the blockchain became popular, public chains, mining farms, exchanges... these various projects are mixed. Many projects disguised as blockchain have caused many investors to fail and become the leeks that are harvested. In the tide of many pseudo-blockchain projects running away, the world's first SEA commercial public chain that uses the real economy to bond customers goes against the current, deeply cultivates the underlying technology and community consensus construction, and uses a unique business model to stand out in the market. Even during the market waterfall in March, we saw that SEA has walked out of an independent market. So what kind of path to empower the real economy will the SEA public chain that is about to be mapped to the main network explore? Today we invited Singapore V Foundation BtLux CMO Youyou to bring you: It is impossible to cut it off. It has been dormant for a year and has increased by more than 10 times. The first public chain SEA that runs through the entity with node economy has overcome difficulties and risen on its way to a live broadcast. Let's understand the reasons behind the fire of SEA.
Chief Marketing Advisor of V Foundation
Chloe, CEO of BoNet Korea
Host: First, please let Youyou introduce to us the SEA project and the uniqueness of its business model.
Youyou: Okay, thank you host. Good evening, everyone. Thank you very much for the invitation from Bo.com. I am very happy to come to the live broadcast room today to share the public chain project SEA with you. First of all, I would like to share a piece of news with you. Coinciding with the 1st anniversary of SEA, at 10 am on July 6, the BtLux digital asset trading platform has opened a global public beta. This is another major move by our Singapore V Foundation. BtLux is positioned as the world's first physical digital economy token trading platform, focusing on using blockchain technology and token economic models to empower traditional physical enterprises. Our BtLux and SEA are both projects directly invested and led by the V Foundation. Although they belong to different operating teams, they work very closely with each other.
Unlike all projects in the cryptocurrency world, SEA has been committed to serving the real economy since its inception, being more down-to-earth and helping the real economy transform and upgrade. Through our "SEA White Paper 3.0", we can see why SEA is born different. The V Foundation's positioning for SEA is to enable all participating nodes in commercial activities to fully exert their intrinsic value through a node business diversification incentive mechanism, thereby maximizing the commercial value of the nodes.
The ultimate goal of SEA is to reconstruct business rules, make full use of blockchain, big data, artificial intelligence, cryptographic security and other technologies, conduct node search, discovery, identification, positioning, node evaluation, node incentives, so as to promote node business optimization and establish a new system of efficient, safe and transparent value exchange. In order to form a stronger connection with physical enterprises and maintain close cooperation, SEA has also created a distributed node business alliance based on private traffic, giving full play to the role of private traffic and making the relationship between users and business entities more sticky.
In order to ensure the stable operation of the node business alliance system, SEA has established a standardized node business evaluation system, which can conduct effective evaluations of a running node business from time to time, and provide timely warnings and control of risks in node business activities.
The SEA public chain also has a very clear evolutionary goal. The core goal is to evolve from a technical public chain to a commercial public chain. As we all know, many public chain projects on the market now only present the characteristics of technical public chains. They lack the genes for commercial application and commercial development. In the development process, they may be technologically advanced, but the embarrassing situation of scarce commercial applications has become a shortcoming. SEA is the world's first public chain to date that takes commercial public chains as its development goal by starting from node business. It is fundamentally different from traditional public chains such as Ethereum and Bitcoin. This is also one of the important reasons why we can establish a unique model.
SEA's public chain has been tested before the New Year, and is currently preparing for the mainnet mapping. In the future, the SEA project will open corresponding APIs to community developers at three levels: blockchain basic capabilities, blockchain service capabilities (BAAS platform), and blockchain application capabilities (DApp open platform). At the same time, it will also hold a DApp developer competition to promote the integration of more application scenarios with the real economy. With the implementation of the public chain and the improvement of open capabilities, a large number of scenarios will be implemented, and a large number of real projects reserved by V Fund's strategic partners will carry out on-chain reforms. Unlike currency reforms that can easily turn into air coins if you are not careful, chain reforms can truly transform virtuality into reality and empower enterprises. This is a new logic for wealth appreciation in the digital age.
SEA has started to help traditional enterprises use blockchain technology to complete business upgrades. In this field, it has accumulated a high level of understanding of the blockchain economic system and industry characteristics, as well as the ability to comprehensively design business models. We will focus on traditional enterprises on the chain and provide them with full-stack chain transformation services such as digital asset management systems, wallets, business model design, economic model design, community construction and operation plans, to fully assist enterprises in transformation and upgrading and build a new business model. Of course, in addition to the empowerment of chain transformation technology services, SEA will also provide enterprises with operational, financial, and traffic support through industrial funds, market value management, business schools, etc.
Then, in the future, all kinds of real enterprise chain reform projects developed and operated based on the SEA public chain will be launched on the BtLux exchange for the first time. Therefore, the trading pairs that can be listed on the BtLux exchange have a deep connection with the real economy and are supported by fundamentals, rather than being empty projects that are sold at a loss.
Host: SEA is about to celebrate its first anniversary. In the past year, it has done a lot of work on underlying technology research and development and business model polishing. So how has its coin price increased?
Youyou: How is the development of SEA? It has performed very well in the secondary market. Since its issuance, SEA has been rising all the way. From the issue price of $0.05 to the highest price of $0.7, the increase has exceeded 700%. In half a year, it has come out of the high-yield curve with an increase of nearly 10 times. In the face of the sudden "black swan" in the global stock market crash and the continuous circuit breakers of the US stock market, from the analysis of the K-line pattern, SEA has gone through a complete 5-wave rise, and the trading volume has also increased moderately. At the same time, the recognition of the majority of application providers based on the ecological planet theory has also contributed to the steady rise of the secondary market.
The nearly 10-fold return is inseparable from the technical support of SEA. More importantly, SEA is gaining more and more recognition in the market. According to the SEA3.0 white paper: Under the principle that more than 80% of the value created by the SEA economy must be returned to community users, and taking into account the interests of different community users, SEA operation and management and other factors, the future token mechanism modification and iteration will be jointly negotiated and decided by SEA ecological participants, SEA token holders, and SEA centralized teams, each with one-third of the weight, to coordinate and balance the interests and needs of all parties.
In this way, the SEA user group will become larger and larger, the benefit group will become wider and wider, and the secondary market is bound to rise. From the perspective of the secondary market at this time, SEA may get support around 0.5 US dollars after a short-term decline. The continuous fluctuations for about two weeks have given a positive signal of the bottom. On the other hand, the trading volume has also slowly increased. It is recommended to consider placing long orders around 0.5 US dollars and wait for the rebound to come.
Host: SEA is about to celebrate its first anniversary. The continuous rise in coin prices and the continued growth of the ecosystem are inseparable from the strong support of community users in addition to technological and business model innovation breakthroughs. So where is SEA's community competitiveness reflected?
Youyou: According to a latest third-party market analysis report, the current age distribution of the cryptocurrency community is: 13.84% are 18-24 years old, 48.43% are 25-34 years old, 24.96% are 35-44 years old, 8.9% are 45-54 years old, 2.61% are 55-64 years old, and 1.26% are over 65 years old; in terms of gender distribution, 91.22% are male and 8.78% are female.
Unlike the majority of cryptocurrency project community population portraits, SEA's project background has created a unique community attribute. Most of the SEA community users are value investors, with more than 100,000 users, mainly converted from users of physical enterprises. Everyone pays more attention to the long-term value of the project rather than short-term fluctuations. Community users are mainly self-employed individuals, private enterprise owners, and corporate executives. They have a certain career and financial foundation, and most of them are engaged in traditional physical industries; their ages are distributed between 35 and 45 years old, of which about 80% are male and 20% are female.
Host: SEA’s first Spacetime Engine 5x USDT reward event set a new industry record and caused a great sensation inside and outside the circle. So are there any new event plans in the near future?
Youyou: SEA pioneered a series of space-time engine activities with high USDT rewards. Three phases have been held in a row. The rewards are distributed to users in USDT in 365 days. Each phase has created many records. The users who participated in the first and second phases of the activities have already recovered all their investment, and there are still nearly 150 days of profit cycle left, which is completely possible. The highest single user in the first phase was 41915.71 USDT, the highest single user in the second phase was 44875.86849 USDT, and the highest single user in the third phase was 19178.08 USDT.
In addition to the high-value rewards provided to users by the Spacetime Engine, SEA and BtLux Exchange launched the Apollo Project on July 17, and specially transferred part of BtLux's Genesis equity. Users can obtain subscription quotas and share high capital returns by holding SEA, locking SEA, and inviting to increase contribution values. The event is still ongoing, and you can quickly participate by downloading the SEA APP. Of course, our fan-loving activities are constantly upgrading. Recently, we have launched a novice welfare treasure activity for all new users. Each time you invest 500 SEA, you can enjoy a 3% return, and the lock-up period is only 45 days. You can also enjoy a 4% return if you attract more than 2 new users.
The threshold we set is very low, so that more users can enjoy the dividends brought by the digital economy. SEA launches multiple activities every month, and will continue to innovate categories and gameplay in the future, while increasing revenue rewards, and continuously giving back to new and old users. Through the continuous deepening of community ecological construction, SEA has been recognized by the market. Currently, SEA has landed on trading platforms such as BiKi, Hcoin, and BtLux, with an average 24-hour transaction volume of 50 million CNY and a maximum of 120 million CNY. As SEA promotes the increasingly perfect global ecosystem, it will continue to create new records.
Host: The SEA public chain mainnet has started mapping, opening a new journey. What physical chain reform projects will be launched in the future?
Youyou: At 15:00 on July 27, SEA, the world's first commercial public chain dedicated to serving the real economy, officially launched the main network asset mapping. The launch of the public chain main network mapping confirms that SEA has entered a new era. However, the SEA public chain is very different from the traditional public chain. Its core competitiveness lies in the bottom layer. It has served the real economy since its birth. Its core goal is to evolve from a technical public chain to the world's first commercial public chain.
The scenarios where the SEA public chain can be implemented include traditional commercial traffic value-added, distributed e-commerce, distributed finance, distributed video live broadcast, distributed social networks, distributed games and other diverse fields. After the main network is mapped, it will accelerate the empowerment of physical enterprises to complete the blockchain reform, truly realize a decentralized, friendly and mutually beneficial new business collaboration model, and explore a new economic blue ocean. In the future, all kinds of physical enterprise chain reform projects developed and operated based on the SEA public chain will be launched on the BtLux exchange for the first time. The trading pairs on the platform have physical support and node guarantees, which are completely insulated from "air coins".
By empowering physical enterprises with digitalization, SEA provides full-stack chain transformation services including digital asset management systems, wallets, business model design, economic model design, community construction and operation plans, etc., around traditional enterprises going online. In addition to chain transformation technical service empowerment, SEA will also provide enterprises with operational, financial and traffic support through industrial funds, market value management, business schools, etc.
The SEA team has successfully explored the blockchain empowerment of traditional enterprises, and currently has multiple projects under incubation. Previously, we have carried out incubation cooperation with Jin Gu Tang, a health care company with 3,500 stores worldwide, and Qi Zuan Zhi Xin Mall, an e-commerce company based on poverty alleviation. These projects will complete the blockchain transformation in the near future and will be listed on the public chain one after another after the SEA public chain mapping is completed.
We provided Jin Gu Tang with a series of customized solutions, including digital technology, enterprise management distribution, and solutions to shareholding issues, including enterprise digital management solutions, application scenario customization solutions, and business node community operation solutions; we helped Qi Zuan Zhi Xin Mall to upgrade its enterprise digitalization, accelerate the deep integration of digital economy core technologies such as the Internet of Things, big data, and blockchain with enterprise operations and rural production, and provided a set of systematic, complete, efficient, easy-to-replicate, and truly operational enterprise digital economy transformation paths. In the future, SEA will continue to empower the real economy through blockchain technology, play a leading role in the industry, lead the healthy development of the industry, and solve the problems of financing difficulties and high financing costs for small and medium-sized enterprises.
Host: Thank you for participating. Now, let's invite Chloe, CEO of BoNet Korea, to share with us a little bit about BoNet.
Chloe: First of all, thank you for your support for BoNet! I am Chloe, the head of BoNet Korea. BoNet is a world-leading digital financial service platform. The core team comes from world-renowned Internet companies such as Microsoft, Alibaba, and Meituan, as well as blockchain financial companies such as Huobi and OKEx. BoNet is jointly invested by top investment institutions Genesis Capital, domestic head media Coin World, and former Huobi CTO Ju Jianhua. The product not only integrates the transaction depth of major platforms, but also has a single currency pair matching performance of up to 3 million transactions per second, and the transaction depth exceeds that of mainstream exchanges. It now supports spot trading, USDT perpetual contracts, coin-based perpetual contracts, IPFS cloud computing power, OTC and other businesses and one-click trading of high-quality assets. BoNet added 400,000 users in a single quarter, breaking through 1 million users in just 8 months. During this period, with the support of powerful global media such as Coin World and Coinness, it continued to expand the top 100 global communities and the top 500 community alliances at home and abroad, and the popularity of the exchange has also skyrocketed unprecedentedly!
Host: I think after Chloe's introduction, everyone can also intuitively see the strength behind BoNet. BoNet has always had a good reputation in the cryptocurrency circle, and BoNet's development is indeed very rapid. It has exceeded 1 million users in less than 8 months. Would you like to share with everyone how BoNet has managed to turn the tide in such a market environment?
Chloe: We have to mention several of our core investors here. For example, Mr. Ju Jianhua, who was the CTO of Huobi, founded BHEX after leaving. In terms of technology and deep liquidity, Mr. Ju provided great support to BoNet. He personally built the bottom system of BoNet, making the stability of our entire system among the best in the market and making BoNet's trading liquidity comparable to several large exchanges. And Coin World, founded by Mr. Tan Chenhui, provided strong support to BoNet in terms of user services and media traffic, including many excellent analysts to cooperate and provide users with high-quality investment advisory services. Mr. Sun Zeyu has always been a top investor and has been very helpful to BoNet on the asset side. The comprehensive experience and capabilities of several of our investors are given to BoNet, helping BoNet to quickly stand in the same position as first-tier exchanges. To compete and have a place.
At the same time, I think the platform coin BOBT we released in March this year is undoubtedly a major booster for the development of Boboo. The design model of BOBT also fully reflects the concept of Boboo, co-governance, co-construction, win-win and sharing with users. On March 26, 2020, Boboo officially launched the most sincere token in history, Boboo Token, referred to as "BOBT coin". The total issuance is 21 million, paying tribute to BTC, and will never be increased.
Host: Wow, after listening to Chloe’s introduction, I am really curious about what kind of model BOBT is and why it is called the most sincere platform coin?
Chloe: I believe that friends who are familiar with us at BOBT know that our code of conduct is to achieve perfection in everything. So, let me give you a detailed introduction to the operating mechanism of BOBT, so that everyone can see how we achieve perfection in the design process of BOBT.
The rules of BOBT are actually quite simple. Within 100 days, everyone who trades coins on BOBT will receive BOBT for free. During the issuance phase, BOBT adopts a 100% free distribution method. We will not engage in any form of private placement or ICO at BOBT, and the official BOBT team will not retain any team share. Currently, the BOBT gift period has ended on July 4, and the total number of mined BOBT is 3.66 million. The remaining BOBT has been destroyed. The maximum number of BOBT in circulation in the future will be 3.66 million.
BOBT has been launched on the secondary market, and the current price is around 0.7U. BoNet will use 100% of BoNet's net coin-to-coin fee income to repurchase and destroy BOBT for users every week. You may ask, why do we need to design a secondary market and a repurchase and destruction market in the mechanism? Looking at the several rounds of Bitcoin's surge and plunge this year, we all know that the secondary market is relatively irrational. But the development of an exchange should be relatively stable and sustainable. So BoNet actually hopes to embrace the interests of users who have supported BoNet's development for a long time. If the secondary market wants to speculate, we will leave it to the secondary market speculation, and if it is value investment, we will leave it to value investment. So we separate the repurchase and destruction channel from the secondary market, and the weekly repurchase and destruction is supported by 100% of BoNet's net coin-to-coin fee income. In order to protect the rights and interests of all our BoNet investors, we set the initial repurchase and destruction price at 1.2 U=1 BOBT. And the weekly repurchase and destruction price continues to rise. The repurchase and destruction price increase mechanism: 2.5% per week in the first year, 1.25% per week in the second year. The repurchase and destruction price will increase to 4.28U in the first year and to 8.17U in the second year.
At present, the transaction fee of coin-to-coin that can be used for repurchase is expected to reach about 10,000U this week. According to this income alone, BOBT will spend 500,000U a year to repurchase and destroy BOBT, while the total market value of BOBT is only 3.66 million. Well, I won’t say more about the rest. Those who understand will understand. Haha. Whether it is 10 times PE or the repurchase rate, BOBT is currently at a low value and worth looking forward to. This, I can only say, thanks to the support of my peers.
In fact, many people asked me if I have any shares. Actually, I don’t. I now have more than 1,000 BOBT, which I got from trading on BoNet. This puts every user in an equal and fair environment. If you make a contribution and become a trading user of BoNet, you can stay with BoNet for a long time and share the value brought by BoNet’s long-term development. This is my introduction to BOBT. Friends who are interested can join BoNet and enjoy the long-term value.
Host: The repurchase price keeps rising every week, and the value is supported by 100% of the net income from the currency-to-currency handling fee of BoNet. Chloe, do you think it is too late for me to participate now? I am looking forward to the subsequent development of BoNet. I heard that BoNet will give a big benefit to all users recently. Chloe, can you introduce what the benefit is?
Chloe: This year, I believe that the three hot topics that everyone is most concerned about are Polkadot ecology, DeFi, and IPFS cloud computing power. Nabo Network recently launched IPFS computing power, which has won the lowest computing power price in the entire network for Nabo Network partners, allowing partners to participate in IPFS with the lowest threshold and price.
IPFS is essentially a file system that never disappears. It is known as blockchain 3.0 and subverts the existing underlying storage system. In order to lower the threshold for ordinary users to participate in IPFS, BoNet launched IPFS cloud computing power. As a very high-quality asset, IPFS cloud computing power has won a lot of love this year. BoNet has currently sold a total of 5 million US dollars of cloud computing power.
Of course, whether it is the early bird price of 99u to 118U/T, or the current price of 138U/T, it is still the most competitive in the entire network. When you purchase IPFS cloud computing power, you can obtain the one-year Filecon currency production right. After the launch, the coins mined every day will be distributed to the user's wallet account, and the user can sell them to earn income. Now you only need to recharge USDT to your BoNet account to participate in the rush to buy IPFS cloud computing power.
Participation link: https://www.boboo.com/campaign/ipfs/