Evangelism Jianghu Episode 37 | Qingbo.com users exceed one million, Communion project travels around the world with gifts

Tonight, BONET will bring you a gift with " Communion ". Since the launch of BOBT on March 26, BONET has held more than 170 online live roadshows in major communities in the cryptocurrency circle, hoping to let more community friends know about BOBT, a 0-cost, low-risk investment opportunity! It is also in these few months that BONET has achieved great development, and this month the number of users has exceeded 1 million.

So this time, BoNet will take this opportunity to carry out the "BoNet Star Global AMA Tour" event with more than ten high-quality projects , bringing more high-quality projects and investment opportunities to investors . This event will bring you a special sharing of Comunion .

So today we invited Chloe , the Chinese director of Bo.com , and Qianchen, the founder of the Comunion project , to be guests in the live broadcast room.

The following is the interview transcript:

Host: I think everyone is now eager to learn more about Bob.com. Many friends have given us feedback after seeing our promotional posters, expressing their interest in Bob.com's release of BOBT. Could you, Chloe , give me a detailed introduction to Bob.com?

Guest: First of all, thank you all for your support for BoNet. Most of the friends in the group may have heard of BoNet, but they may not know much about the recent development and current status of the BoNet platform. Next, let me give you a brief introduction.

We, BoNet, are the world's leading digital financial service platform. The core team comes from globally renowned Internet companies such as Microsoft and Alibaba, as well as blockchain financial companies such as Huobi and OKEx. BoNet is also jointly invested by Sun Zeyu of Genesis Capital, Tan Chenhui, CEO of CoinWorld, and Ju Jianhua, former CTO of Huobi. It integrates the transaction depth of major platforms, with a single currency pair matching performance of up to 3 million transactions per second, and the transaction depth exceeds that of mainstream exchanges. BoNet has now launched spot trading, USDT perpetual contracts, coin-based perpetual contracts, simulated contracts, OTC and other businesses and one-click trading of high-quality assets. Against the backdrop of the halving of the cryptocurrency market, the boboo.com exchange has become unprecedentedly popular, with popularity and traffic surging against the trend. In the first quarter of 2020, the platform's platform coin BOBT was released. Because of the operating model of our platform coin, it was jokingly called the most sincere platform coin in history by fans, and it was also rated as the most undervalued platform coin in history. At the same time, we added 400,000 new users in the first quarter. Just this month, boboo.com exceeded 1 million in just 8 months, giving investors a satisfactory answer.

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. So Chloe , would you like to share with everyone how BoNet has managed to turn the tide in such a market environment?

Guest: As we all know, there are many exchanges in the current market. They have occupied a large part of the market through different means. So where are the opportunities for emerging exchanges?

In fact, looking back at the development history of exchanges, different stages have different methods. For example, in the first wave, Huobi surpassed Bitcoin China by offering preferential transaction fees. Later, there was Jubi and Binance, which developed rapidly together with project parties and some currencies. Bitmex was one of the earliest exchanges to launch futures transactions at that time, and it grew rapidly through the promotion of futures in the global market.

So for BoNet, how to understand the competition in the trading market and the future of the exchange? We were also thinking about this issue in the early days of BoNet. What kind of changes will happen in the industry in the future? Can BoNet seize this opportunity? In fact, you can see that BoNet's user service has always been very good. You can also see that BoNet's friends are serving everyone wholeheartedly in the group, responding promptly and providing considerate service. At the same time, because of the high-quality service, we have cultivated a lot of loyal fans. We believe that in the next round of process, based on good service to users, especially similar investment advisory services, coupled with the method of community co-construction, we can rise in the formation of this exchange in the future.

So our investors have contributed their own strengths and advantages. For example, Mr. Ju Jianhua and I worked together at Huobi before. He was responsible for the technology. After he left, he founded BHEX. He has very advanced experience in the exchange infrastructure and technology in the market. Therefore, Mr. Ju provided great support for BoNet's technology and deep liquidity. He personally built the BoNet system, which made the stability of our entire system among the best in the market. It also helped us integrate the depth of the entire network, making BoNet's trading liquidity comparable to several large exchanges. And Coin World, founded by Mr. Tan Chenhui, provided strong support to BoNet in user services and media traffic, including providing BoNet with many excellent analysts to cooperate with and provide high-quality investment advisory services to BoNet's users. Mr. Sun Zeyu has always been investing in assets, which is very helpful to BoNet. The comprehensive experience and capabilities of several of our investors have been 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?

Guest: 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 you can see how we achieve perfection in the design process of BOBT.

The rules of BOBT are actually quite simple. Within 100 days, everyone can trade coins in BoNet and then get BOBT for free. After 100 days, if the BOBTs are not given away, we will destroy them all. Then, after the gift period, we will open the secondary market and the repurchase and destruction market. The repurchase and destruction price is rising steadily. Another thing is that the repurchase and destruction market is actually supported by the coin-to-coin transaction fees of the BoNet Exchange.

During the issuance phase, BOBT will be 100% free. We will not conduct any form of private placement or ICO, nor will we retain any share. Even the official team of BOBT has not retained any team share. If our employees want to obtain BOBT, they can also obtain it through currency-to-currency transactions in the same way as users. Currently, the gift period of BOBT 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.

Therefore, the pricing of BOBT is completely left to the market. As a platform currency of an exchange with 1 million users, BOBT is obtained according to the 1U handling fee! If the cost of BOBT is used to calculate the market value, it is about 3.66 million U, which is a valuation of 25 million RMB. This valuation is very low for an exchange that has achieved 1 million users in 8 months after going online. If BoNet adopts the form of ICO or private placement, according to the valuation of 10 million US dollars, according to the current development of BoNet, it will be easy to be snapped up, but this form will allow a large number of low-priced chips to flow into institutions or Tokenfunds, and the first to come will harvest the later. This method will also cause a lot of bubbles in the early stage of the platform currency, but for BoNet, every user who comes to BoNet to trade is the most precious asset of BoNet. BoNet does not want its users to be harvested, so. There is only one way to get BOBT in it, only one way. Go to BoNet to do currency-to-currency transactions, and then give it to you. For users, you don’t need to pay any cost. You can get it naturally by trading, and then you can share the value of BoNet's permanent development.

At present, BOBT has been launched on the secondary market, and the current price is around 0.83U. BoNet will use 100% of BoNet's net income from currency-to-currency fees to repurchase and destroy BOBT from permanent users. You may ask, why do we need to design a secondary market and a repurchase and destruction market in the mechanism? Everyone knows that the secondary market is relatively irrational. If you look at the several rounds of Bitcoin's surge and plunge this year, you can find that it is very irrational. However, the development of an exchange is 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 is speculative, 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 repurchase and destruction is supported by all the net income from currency-to-currency fees of BoNet.

BoNet takes out all ( 100%) of the net income from currency-to-currency transactions of BoNet and permanently uses it to repurchase and destroy our BOBT. At the same time, 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 rises to 4.28U in the first year, and to 8.17U in the second year.

This week, BOBT will start the first round of repurchase and destruction, and the first round of repurchase and destruction price is 1.2U. At present, the currency handling fee that BOBT can use for repurchase this week is expected to reach about 10,000U. Based on this income alone, BOBT will take out 500,000U a year to repurchase and destroy BOBT, and the total market value of BOBT is only 3.66 million. Well, I won’t say much 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 brief introduction to BOBT. You may also want to try it.

Host: What Chloe said really moved me. 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?

Guest: BoNet recently launched IPFS computing power, which has secured the lowest computing power price in the entire network for BoNet 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, Boboo.com launched IPFS cloud computing power. As a very high-quality asset, IPFS cloud computing power has gained a lot of love this year. Boboo.com has sold a total of 600,000 US dollars of cloud computing power.

Boboo provides you with the most competitive IPFS cloud computing product, with the lowest and guaranteed price in the entire network (118U per T). When you purchase IPFS cloud computing power, you can obtain the one-year Filecon coin production right. After the launch, the coins mined every day will be distributed to users, and users can sell them by themselves to earn profits. Now you only need to recharge USDT into your Boboo account to participate in the rush to buy IPFS cloud computing power.

Host: Thank you very much Chloe for your wonderful sharing. Next, let us invite tonight’s heavyweight guest - Qianchen.

Host: Hello Qianchen, can you briefly introduce your project and yourself?

Guest: Okay, thank you host.

Comunion is a decentralized organization (DAO) collaboration network that reshapes traditional talent transactions and organizational forms through blockchain, creates a new business infrastructure and value conversion mechanism in the digital age, and allows labor value to circulate, trade and accumulate freely like capital.

In Comunion, workers can directly exchange their skills for the capital gains of the project through the Comunion Bounty network; entrepreneurs can initialize their entrepreneurial plans into corresponding DAO organizations through the Comunion DAO network to raise the human resources, funds, media and other resources needed to start the project, helping entrepreneurs and workers to realize free value transactions.

My pen name is Qianchen. My original name is Yan Shuai. I am now an entrepreneur and a partner of Comunion Media & Community. The first impression of this pen name may be something like Qianchen Wangshi. In fact, this name comes from the name of a game character when I was in college. At that time, I played an online game with my roommate. Since we played together, we gave similar names. My name was Nian Qianchen Wangshi and his name was Yi Yishi Fengliu. Later, Qianchen and Fengliu became popular. Then I kept using Nian Qianchen Wangshi as my online name for many years. Finally, I found that the name Qianchen can also have more meanings. We will tell you what the specific meaning is at the end.

Host: You mentioned entrepreneurship just now. So what is the entrepreneurial environment like now?

Guest: First, let me share a set of data with you: In 2010, the wealth of the world's 388 richest people was equivalent to the total wealth of half of the world's poor population; in 2014, this number was 85, and in 2015, it was 62. In 2017, it was only 8 people. In other words, a commercial vehicle can hold the wealth of half of the world's poor population.

I believe everyone has also heard about the incident a while ago when Zhou, a Chinese thief , became popular quickly and was signed by an Internet celebrity company for a large sum of money. This incident actually reflects a terrible reality: class solidification and the despair of migrant workers.

If class stratification causes anxiety among the middle class, then for proletarian workers, class stratification causes hopelessness and even despair.

High housing prices make it difficult for these workers to buy houses, get married, get sick, or even die easily; at the same time, the Internet is full of people calling Wang Sicong, who has become a member of a social class, "husband", and Jack Ma "dad". Various entertainment stars who have entered the petty bourgeoisie often get married with tens of millions of dollars. Dubai tycoons buy airplane models but end up buying airplanes instead. The term "social animal" has also become popular.

The coexistence of such recklessness and despair in life is the real reason why “I’ll Never Work in This Life” became popular, and it is also people’s struggle against class stratification.

Let's look at another set of data. According to statistics, there are more than 200,000 entrepreneurs in China every year , but there are only 20,000 investment institutions, less than 2,000 of which are active, and less than 200 focus on early-stage investments such as VC. Therefore, the competition is very fierce. For some entrepreneurs who only have skills and original dreams, they seem very small in the face of this ratio.

Any entrepreneurial dream is worthy of respect, and not all entrepreneurial projects are valuable only when they become unicorns. The CEO who develops the iPhone and the fruit farmer who grows apples are equally worthy of admiration, and both are contributing to the economic development of society.

However, capital is obviously not friendly to ordinary entrepreneurs. First of all, from the perspective of the entrepreneur's personal background, private equity funds usually prefer entrepreneurs with excellent backgrounds. The obvious labels include graduation from prestigious universities, executives of well-known companies, high-tech fields, and usually friends in the private equity industry. Some people even suggest that entrepreneurs who cannot handle seed round financing are not worth investing in.

Secondly, there is a huge disparity in the financing ratio between Chinese venture capital companies and entrepreneurs . Since China's capital market was built later than in Europe and the United States, there are relatively few individual investors. Then, with the call for national entrepreneurship and the widespread dissemination of information in the Internet era, entrepreneurship has become no longer unfamiliar, but the number of venture capital funds is still very small.

The threshold for private equity investment is very high for individual investors , whether in terms of personal assets starting from 1 million yuan or investing in early-stage projects that are high-risk and uncertain. These investments discourage ordinary investors and encourage them to invest in areas such as bank wealth management, public funds, debt, and real estate funds, which are more certain and easier to understand.

To sum up, there is a 99% failure rate in the entrepreneurial process , because capital chooses profit-oriented targets. This is also beyond reproach, because capital has its own independent will, and we can only choose to comply.

Host: Your project is a DAO project. Can you talk about your understanding of DAO?

Guest: Okay, as humans, we love labor, but we hate the obligatory nature of labor - the work-based model.

In this context, DAO, as one of the exciting concepts on the blockchain, has gradually come into people's view. Due to its unified rules of automated execution, transparency, and the fact that stakeholders can express their own interests, it represents a possible direction for organizational management.

We are currently in a period of profound transformation in economic and social development, and our primary task has shifted from "control" in the industrial age to "release" in the intelligent age. DAO embodies the attribute of treating work as a choice rather than an obligation.

Take the current epidemic as an example. On January 20, Wuhan began to take more active measures. As of 24:00 on January 20, there were 291 confirmed cases nationwide. As of 24:00 on February 4, there were 24,324 confirmed cases nationwide.

In just half a month, the number of cases has grown 83 times. The spread of the coronavirus is very similar to the network structure on the far right. Relying on the Wuhan "1+8" city circle and the traditional Chinese festival - Spring Festival, the virus ravaged the land of China. However, our current system is between the hierarchy and the hybrid structure.

The reason why the virus spreads so quickly is not because the government is inactive or the people are disobedient. The fundamental reason is that we are in the old network and have been attacked by the network-structured virus.

What this epidemic has taught us is to upgrade our systems, weave a network structure, and defeat the virus with massive distributed actions.

Many people think that we need tools for team collaboration. I don’t think this is the most important thing. What we lack are tools for distributed collaboration that involve the entire society.

Such tools can help us organize into networks and stimulate collective wisdom. They can also bring in bystanders around us and strengthen our team.

Of course, this idea is good, but it is difficult to implement. Why?

In 2019, I had the honor to participate in the construction of Comunion, China's most luxurious DAO organization. In 2019, through the DAO model, we coordinated more than 60 developers to participate in the research and development and promotion of Comunion, including product prototype design, UI interaction design, code development, server deployment and operation and maintenance, UVU economic model, NOW community online and offline operations, and other large-scale and complex collaborative work.

At the same time, we invented a new organizational model , named [Netchain]. This is the world's first largest organizational form based on vision-driven coordination in the blockchain field when there is no liquidity of tokens. Although we encountered some problems in the actual implementation, it also triggered some deeper thinking and gained invaluable experience, which will be used to optimize the actual implementation of DAO in the future.

Interested friends can read this article in detail https://bbs.comunion.io/d/67-comunion-2019-dao

Through my own participation, I believe that DAO is feasible, but a pure DAO is difficult to achieve at least at this stage.

First of all, from a literal meaning, DAO is a decentralized autonomous organization. Decentralization is easy to explain, but the main thing is where are the boundaries of this autonomy?

Now many people say that autonomy is based on smart contracts, and smart contracts are laws. I personally think this is not very realistic. Why? Because smart contracts are also made by people, and there are many loopholes in the current laws. If all interactions between people are intelligent, either everyone is a robot or everyone is a saint.

Secondly, the pure operation of DAO is not so much zero trust as it does not solve the problem of human greed. This concept seems perfect, but I feel that restrictions must be added. Including the Xiao Zhan incident that was previously widely reported, it can also be seen as a self-organized confrontation. Both sides blindly followed the advice of opinion leaders, but ignored some logic based on the real world.

Finally, I think DAO is just a means, and the core is to solve the commercial and human problems through DAO, rather than simply DAO for the sake of DAO. It is possible to raise resources and distribute resources through DAO, but it must be led by the core team.

So you can see that people rarely mention DAO organizations now , and most of the DAO organizations have become tools for private equity.

Host: Can you talk about how Comunion optimizes and empowers traditional collaboration models?

A4: Speaking of the collaborative model, we look back at the previous hunting and gathering civilizations. They had no concept of work or labor. They did everything to survive. Once they collected food for a day or a week, they would spend time socializing and playing. They had two main distribution principles: collective hunting, which adopted a collective distribution method. Individual hunting, which had two methods: equal distribution and individual appropriation.

As humans gradually transformed into settled agricultural societies, different labor forces emerged, humans began to enter agricultural civilization, and people began to accumulate wealth. Increased wealth led to the expansion of family size, and the expansion of family size meant the expansion of society, which also led to an increase in demand for material wealth, and this cycle began to form.

However, as land became the main constraint, inequality began to emerge, the concept of work began to emerge, and serfs and peasants began to work endlessly.

The first industrial revolution, which began with Watt's invention of the steam engine, began in Britain. The development of British industrialization changed the process of global industrialization and led the world from an agricultural civilization to an industrial civilization. After entering the industrial civilization, the constraints changed from land to capital. The rise of banks and companies promoted unprecedented prosperity in human society. People got jobs and gained wealth.

In the early 20th century, working in a factory or company in a big city was a dream for many people because it provided a higher level of economic prosperity than the more boring life of farming.

In the past, the work-based collaborative model solved economic constraints and increased wealth, and because I worked hard, my living standard improved. So we tolerated it.

The advantage of industrial civilization is that large-scale production has rapidly enriched human goods, but its disadvantage is that the consumption and pollution of the earth's resources has also accelerated dramatically.

Industrial civilization introduced the market economy, which also caused global overcapacity. Enterprises became the carriers of production, and the market optimized resource allocation through price mechanisms, resulting in rapid growth in global GDP (gross domestic product) from division of labor and cooperation to efficiency improvement .

In 1961, the global GDP was only 1,365.9 billion US dollars, but by 2018 it had reached 85.79 trillion US dollars, nearly 63 times in 67 years. Europe and the United States, in particular, have vigorously promoted the free market economy. Although crises are always around, it is undeniable that it has greatly released productivity. The marketization of resources such as oil and land alone has brought economic prosperity. From Saudi Arabia to Venezuela, there are many countries that rely on oil "cashing in" to feed a country. But oil is both a success and a failure. Not only has the Middle East become a powder keg for the fight for oil, but even Venezuela and other countries have also "sunk in the sand" after overdrawing the oil dividend. Therefore, the market economy creates wealth while creating surpluses. And the consumption of earth resources is irreversible, so we saw the magical year of 2020.

Therefore, the post-industrial era of the 21st century will enter a high-tech economic model of sustainable development, circular economy and ecological economy , that is, the era of information civilization.

However, due to changes in constraints, economic growth has stagnated for both society and individuals. This is because the economy has undergone qualitative and structural changes, which has led to: it is harder to find a job, increased risks, and less money to earn. This phenomenon began to emerge in early 2019 and has now formed a certain scale.

When we look at the current mode of collaboration from the perspective of workers, entrepreneurs, or the corporate and capital sides.

We will find that the contradictions in the current production relations and value creation mechanisms are almost irreconcilable, which is mainly caused by the difference in the mobility of capital and labor.

1. Capital is highly liquid, accumulative, and transferable, whereas labor income cannot be accumulated or passed on to the next generation, and cannot be traded freely.

2. The employment system locks up the productivity of workers, so the traditional centralized organization is essentially a conversion process that capitalizes labor. In this conversion process, workers only receive labor income, while managers reap the fruits of capitalization and gain capital gains. Moving forward along these two lines, workers' incomes are getting lower and lower, while managers' incomes are getting higher and higher, and capital can be accumulated and transferred.

3. Ultimately, the generational advantages of managers over workers have been completely retained, leading to class solidification, industry monopoly, and the gap between the rich and the poor.

This creates a vicious cycle:

1. Workers want to earn higher returns through labor, but their labor time is bought out by the employment system and they cannot create more value.

2. Ordinary entrepreneurs face even greater difficulties in starting their own businesses in terms of capital monopoly and talent recruitment, which also seriously hinders the emergence of social innovation

3. As ordinary investors, it is difficult to obtain capital gains under the current capital market structure because of the strong barriers formed by the head funds. They can only wait for the currency to depreciate.

Therefore, this is the irreconcilable contradiction that currently exists between workers, entrepreneurs (enterprises), and investors. With the continuous development of science and technology, this contradiction is constantly expanding, which in turn leads to the broader social problems we mentioned at the beginning: the gap between the rich and the poor in society is constantly widening.

I think the contradiction mentioned above caused this problem. The widening gap between the rich and the poor comes from the global flow of capital caused by technology and the increasing gap between income and labor income. The source of this contradiction lies in the current organizational form and business mechanism (entrepreneurship mechanism).

At present, commercial companies are the main labor value converters to create social wealth. Commercial companies are mainly joint-stock companies, with shareholder interests as the top priority. The centralized employment system locks the labor time and value of workers, resulting in the obstruction of labor mobility. At the same time, the limited number of shareholders of joint-stock companies makes it impossible for ordinary investors to participate in them to obtain capital gains, and the currency cannot resist inflation and depreciates.

With the release of the central bank's digital currency DC/EP, from a social perspective, the liquidity society has arrived. At present, digitalization is the core infrastructure of various industries, and currency must be digitized.

However, the core problem now is that production relations are not enough to support the explosion of digitalization . In the agricultural economy, the Asiatic mode of production was based on the family as the unit; in the industrial revolution, machines were the core production units and factories were the production sites; each of the above was the shaping of production relations around productivity. In the digital age, the core productivity is people, which will inevitably reshape production relations.

The core of industrial civilization is war, capitalism, accumulation, slavery and global colonial networks , capital flows , and forcing people to concentrate production around machines.

In the digital information age, if the underlying production relations are not changed, ordinary people will face problems such as unemployment, the gap between the rich and the poor, and social security.

With the explosive growth of science and technology in the world, new productivity tools emerge in an endless stream. Digital citizen has become a social label for many new humans. The flow of information has stimulated people's awakening of self-awareness. Under this premise, I participated in the construction of the next-generation business infrastructure network, and established a new organizational form and labor value transaction mechanism on this network, so that the value of workers can be more free, while also supporting more ordinary investors to obtain capital gains from their investments. This is a model that runs on the DAO model and eventually surpasses the DAO model. All of this was finally named Community.

Comunion is committed to creating a brand-new value converter, reconstructing the production relationship between workers, organizational forms and capital, solving social problems with real actions, improving the liquidity of labor value, reducing the startup costs of entrepreneurs, and helping ordinary investors obtain capital gains to fight against inflation. The ultimate vision is to allow labor value to flow, trade and accumulate freely like capital, narrow the gap between the rich and the poor in society, and enhance people's sense of happiness.

Host: Can you tell us how this network works in detail?

Guest: For a normal startup, we might first look for people and investors to make a product, and then look for angel investors to launch this product. As we mentioned at the beginning, it is very difficult for a normal person to go through this process. And this process raises more financial resources.

So how can a project from the 0-1 stage, or even from the -0.5 to 0.5 stage, develop through fundraising? Or how can an entrepreneur with original ideas realize his entrepreneurial project without any background, resources or team?

First of all, if a person has a good idea, he can create a light company in the DAO model through the Comunion network, which is similar to registering a company with the Industrial and Commercial Bureau, except that it is now registered on the blockchain.

Then he can publish his own ideas and tokens to recruit developers and investors. If a developer sees this project and thinks it is a good project, he can help develop the project or make value investments to earn early tokens.

The token here is similar to the stock of a traditional company. The Comunion network will have a built-in exchange. The tokens issued by entrepreneurs can be linked to the UVU token issued by Comunion, and UVU can be linked to external exchanges.

If developers and investors continue to be optimistic about the project, they can hold the token of this project and wait for the value to rise. If they are not optimistic, they can cash it out at any time.

Secondly, entrepreneurs can choose to continue to start businesses on this company, or even switch from on-chain to off-chain, or choose to sell and get capital returns. Of course, entrepreneurs can create many companies, but because they are created based on blockchain, the companies and projects he created before will also be preserved. If a person creates many companies and many ideas fail, he will lose credibility and it will be difficult for him to move forward on this network in the future.

This mechanism also applies to developers. If a developer's work is not completed to a high degree, he will lose credibility and no one will come to him in the future.

Of course, we cannot rule out the possibility that some people might post malicious reviews. In this case, a community mechanism is introduced. When similar situations occur, people can go to the community to complain, and the community can also establish an organization similar to a court.

Finally, Comunion designed a fundraising method to help initial entrepreneurs raise resources: its core design concept is to help every ordinary entrepreneur who has a dream but no resources to realize his or her entrepreneurial dream :

1. Lower the threshold for investors and protect their interests

2. Raise resources other than funds

3. Realize the free and efficient combination of resources required for early projects and quickly build project prototypes

4. Help individual workers gain capital gains through their skills

5. Through the fundraising mechanism, efficiently help ideas transition to projects, improve the sample data of entrepreneurial projects, and increase the success rate of projects

Based on the above concepts, we designed the IRO (Initail Resources Offering) for the first time. ( https://bbs.comunion.io/d/144-comunion-iro )

Once this network is truly built and can operate on its own, it will form a complete operating mechanism. At that time, there will be no question of who the Community is, because by then the network will belong to everyone and everyone will constitute this network.

Host: Thank you all for your active participation, thank you to Bojie Bowang and Comunion Qianchen, thank you to Beep for supporting the broadcast of this live broadcast, and also thank you to the following media friends for their support for this live broadcast . See you next time.