Recently, there was a variety show called "Sister Riding the Wind and Waves", which was very popular. Most of the sisters who participated in the show had already achieved fame, but they chose to "re-debut" on the stage of a popular girl group that they were not good at.
This can’t help but remind people that in the currency circle, there are also a group of bigwigs who have long been successful in traditional industries. Around 2018, they entered the blockchain field, which is very hot but they are not good at it, to “start their own businesses again”.
Regardless of whether the sisters are in a group or not, they can get money and exposure, which can be described as both fame and fortune. However, most of these bigwigs who entered the currency circle have both fame and fortune, and their halberds fell into the sand.
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CCC runs away, Wall Street elites fall into the currency circle
Recently, news that the CCC project has run away has spread wildly in the currency circle. It is said that only a few users have involved tens of millions of RMB in assets.
What is CCC? According to public information, in June 2017, Liu Zhen founded CCC, whose full name is Clipper Coin Capital, claiming to be a JPMorgan investment bank in the field of digital currency, and its business covers digital currency financial futures exchanges, digital currency brokers and digital currency investment banks.
CCC is the certificate issued by it. Holders of CCC can enjoy currency dividends, BTC, ETH, USDT financial management, super nodes, community co-construction and other services. According to the introduction on the official website, holding 10,000 CCC for a year can give you 100 USDT in dividends.
As soon as CCC came out, the founder Liu Zhen's impressive resume attracted great attention. Everyone was curious whether this Wall Street elite who returned from overseas would continue to shine in the blockchain industry.
For the currency circle, Liu Zhen can indeed be called a "big boss". According to public information, he graduated from the Department of Physics of Peking University. In 1990, he went to the United States to study at the University of Utah and the University of Southern California, and obtained a master's degree in physics and computer science.
In 1995, Liu Zhen joined the hedge fund D. E． Shaw&Co started its career on Wall Street, and then held key positions in Bank Of America, SagamoreHill, LJBS, and Brevan Howard. It used global quantitative hedging strategies to manage billions of dollars in assets, and achieved outstanding results.
In 2007, Liu Zhen founded the hedge fund TheRedCapitaI, LLC, Red Capital, to promote the start of hedge funds in China. From 2009 to 2012, he served as the general manager of E Fund Index and Quantitative Investment Department. During his tenure, he issued and managed China's first hedge fund.
Even in the traditional financial field, Liu Zhen's resume is worthy of the word "big boss". But the brilliant story of the "big brother" stops at the blockchain and CCC.
In November 2019, CCC listed HCoin, and after a wave of price increases, the app’s coin withdrawal service was closed. Later, the price of CCC has been falling, with a drop of 99%.
In June of this year, the CCC project was revealed to have run away, and the founder Liu Zhen also sneaked to the United States.
In fact, the signs of CCC running away have already been revealed. It has been unable to withdraw coins since December 2019. In April this year, its wealth management application Clipper APP was officially closed. In the four months between, Liu Zhen has been using various excuses to prevaricate users.
Some victims said that when they approached Liu Zhen for an explanation, his attitude was quite arrogant. Not only did he satirize the victim that he deserved to be circumcised, but he also said that he is now abroad and is an American citizen, so there is nothing the leeks can do about him.
Liu Zhen's operation without lower limit also completely collapsed his highly educated and Wall Street elite personality, and the overseas returnees fell into the blockchain.
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The list of bigwigs is long, long...
Liu Zhen is not the only big shot in the blockchain industry.
Among them, Cai Wensheng, the founder of Meitu, Li Guoqing, the founder of Dangdang, Yang Ning, an Internet serial entrepreneur, and Yuhong, chairman of Quyou Company, are the most typical.
Around 2017, Cai Wensheng invested in the OKcoin exchange as an angel investor and got a lot of returns. On February 23, 2018, a token named (BEC) landed on OKEx, and Cai Wensheng’s Meitu Company was accused of being the issuer of the BEC token.
But after only two months, something happened to BEC. At 1:00 pm on April 22, 2018, a security vulnerability was exposed in the BEC smart contract. At the same time, a large amount of BEC was sold and cashed out instantly, resulting in the instant evaporation of 6 billion yuan in BEC. Afterwards, the price of BEC crashed, plummeting by nearly 94%, and the entire token almost returned to zero.
Although Cai Wensheng has always emphasized that he and Meitu have nothing to do with BEC, I am afraid that the "leeks" who have been cut off from the currency circle will not think so.
Li Guoqing, the founder of Dangdang.com, did not go so smoothly in his blockchain "career".
In February 2019, Li Guoqing issued an open letter announcing that he would leave Dangdang and enter the blockchain field. Li Guoqing's project in the blockchain field is the crystal CRYSTO blockchain.
The white paper shows that CRYSTO will issue two tokens, the CSO token will be circulated in the Crystal Mall, ecological applications and the public chain; the CSX token will be circulated in the Crystal Ex exchange, which is equivalent to the platform currency of Crystal Ex.
Interestingly, Li Guoqing also said something similar to Liu Zhen. At the 2019 New Economy Annual Conference, Li Guoqing said that "95% or even 99% of the blockchain is now scammers, air coins, and misappropriating money. Without issuing coins, it is still rare to really explore the application of the blockchain."
But so far, CRYSTO has only issued two coins under the banner of the blockchain, and no substantive products have landed, and the crystal CRYSTO blockchain has gradually fallen silent.
And Yang Ning, who founded Chinaren, Kongkong.com, led Kongkong.com to NASDAQ, and became the youngest president of a listed company, became notorious after entering the currency circle.
After Yang Ning entered the blockchain field, the most important thing he did was to issue the so-called consumer chain CDC. According to the introduction, the CDC consumer chain is a global consumer data asset trading platform based on blockchain technology, and the main application channel is the WeChat applet.
At the beginning of February 2018, CDC launched ZB.com. The highest value of the currency exceeded 0.4 yuan, and then fell rapidly. In less than two months, the decline was as high as 90.87%. Investors questioned that it was a banker who washed retail investors.
Although Yang Ning claimed that he was also a victim, and said that "entering the currency circle is the most regrettable thing in my career." But the users who were cheated by it did not buy it, and no one was responsible for their property loss, but Yang Ning bought two wineries in France.
The XMX released by Yuhong, the chairman of Quyou Company, was even pointed out by the media that the intention of "cutting leeks" was too obvious. The number of Token issued in the Chinese and English white papers of XMX is actually 10 times different. I am afraid that the "leeks" are all fools.
After the price of the currency plummeted, the CEO of XMX was forced to leave by the community vote, and Yuhong had to announce that XMX would suspend operations.
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Why did they break their halberds?
Why are the big guys who have been successful in traditional industries not working in the currency circle? We summarized and analyzed four factors: timing, gameplay, mentality, and cognition.
First of all, most bigwigs entered the currency circle from the end of 2017 to the beginning of 2018. At that time, Bitcoin skyrocketed, which was equivalent to entering the market at a high point. As the market took a sharp turn, they could only stand guard on the top of the mountain.
In particular, Xu Xiaoping shouted "ALL IN blockchain revolution". The popularity of the community at three o'clock after the Spring Festival in 2018 brought a large number of traditional bigwigs "running into the arena". Some buy bitcoins, some make investments, and those who are bold will issue coins directly. After all, issuing a coin is equivalent to trading a stock. Who doesn't want to be a "sickle"?
As the tide recedes, even the coins issued by the bosses cannot withstand the sharp drop, and many even return to zero directly. Not only did the bosses not get any benefits, but they were also defended; like Liu Zhen and Yang Ning, they scolded each other with "leeks" and let the gentleness be swept away.
Just like Cai Wensheng invested in the blockchain in 2014, the return on investment was already high enough, but he still couldn’t help but issue coins in person in 2018, and was finally questioned for “cutting leeks”.
Second, the gameplay of the currency circle is different from that of traditional industries. "One day in the currency circle, one year in the world." The whole industry is filled with impetuousness and madness. Investors, entrepreneurs, users, and currency holders, everyone comes here with the mentality of getting rich, and they don't care about your product development. , How many users.
In such an atmosphere, the advantage of the boss is not obvious, because only if you pull others will you be recognized. Therefore, the plates of many bigwigs can't do the job of pyramid schemes and funds. "If you can't double my income, I won't recognize you as a big boss."
Several bigwigs once told us in private that most of the funds raised were used to list on the exchange and maintain the market value; and because of the speed, they frantically recruited people and expanded in the early stage, regardless of the cost. In the case that the business model has not yet worked out, the food is finally cut off.
Third, the mentality problem. Since you choose to enter the currency circle, you must be fully aware of various risks, including currency price breaking or plummeting, being questioned, being defended, being supervised, and even greater dangers.
Most bigwigs don't have the mentality of returning to zero. The burden of being an idol is too heavy. "Want to be a bitch and want to set up a memorial arch". In the end, he was picked up and pulled out, and he refused to admit it.
To put it bluntly, many bigwigs enter the currency circle just to "play tickets" and speculate. Two years have passed, looking back, most of the projects of the bosses have failed, and the bosses have also left the blockchain industry. And the projects made by geeks and believers are still persisting and exploring.
Fourth, insufficient awareness of the blockchain industry. Although the blockchain started with Bitcoin, the price, sudden wealth, and hype cannot make the industry grow for 11 years. The real logic lies in the belief in the new technology to deconstruct the world.
Entering the new field of blockchain, there is no way for bigwigs to replicate their successful experience in the Internet or financial fields in the past. The rules, speed, and gameplay are completely different from the past. Bigwigs can only follow the model of the old man in the currency circle to play again.
write at the end
write at the end
Until today, the speculative atmosphere of the industry has faded, and the country has begun to vigorously support the construction of blockchain infrastructure, and has introduced a large number of policies; various local governments have also listed the blockchain industry as a key support industry, and established industrial parks and industrial funds; Various industry applications are gradually maturing, and even the central bank's digital currency is on the horizon.
The industrial blockchain has just taken shape. If the bosses did not rush to issue coins two years ago, but laid out the industrial blockchain from the beginning and devoted themselves to research and development, would it be very popular now?
We believe that the industrial blockchain is more worthy of embrace by the big guys, and you will have a first-mover advantage here. Proven technical strength, good government relations, and huge social resources will help you develop stable blockchain products, win enough government projects, and explore a successful business model.
Big guys should realize that the industrial blockchain is the real opportunity.
