Reporter: Hello, Mr. Tim Draper. It is a pleasure to communicate with you here. As an investor in Hotmail, Baidu, Tesla and the world's top Bitcoin companies, I hope you can participate in the recent OROC project on the CCF platform, and your communication is simple.
First, let me ask a question that everyone is most concerned about. Recently, CCF has a project called OROC, which is very popular. Does the investment institution have connections with Singapore, the United States and Japan?
Mr. Tim Draper: Yes, I am also involved.
Reporter: Why do you consider investing in this product?
Mr. Tim Draper: Because we are optimistic about the blockchain market proposed by CCF. In fact, everyone only knows that countries in the world are open to blockchain, but most people don’t know that some countries also have strict restrictions on blockchain. This has led to official support for the development of blockchain in name, but under too strict supervision, many market demands have not been fully released.
Reporter: What do you say?
Mr. (Tim Draper): Blockchain is a very large market, which can make the global and even the entire world's financial system completely new.
I think blockchain has powerful functions
Many exchanges are limited to a few limited currencies. But the base of blockchain users is very high-quality. For the world, we need a trustworthy and fair gameplay to promote the development of digital assets.
Reporter: So you plan to invest in CCF?
Mr. Tim Draper: Yes. This is a comprehensive platform, starting from fairness, justice and openness, facing Southeast Asia and the world. Regardless of product level or team level, compared with many blockchain teams I have seen, comprehensive literacy is the best. The core block of OROC has a relatively strong influence on the deployment of C language. This is a relatively rare technique. In terms of the value of digital currency, its current price is still very low.
In their product plan, we can see one aspect of its stability. We can also see the breadth of its strategic model.
Reporter: For example?
Mr. Tim Draper (Tim Draper): CCF has a solid foundation. It took a long time for the team to start raising funds like a well-known exchange. This is enough. From another perspective, their integration from sales to listing and subsequent equal income can attract and match potential blockchain users. According to my feedback, during the CCF transaction, the effect was very good.
Reporter: Why is this platform only beginning to have an impact now?
Mr. Tim Draper: We think their IEO is the right choice in the near future. I think CCF's IEO is closer to decentralization. It can be understood as an upgraded version of IEO. It keeps all participants on the same track, rest and start. The speed is consistent.
Reporter: Why do you think CCF's IEO is an opportunity?
Mr. Tim Draper: Recently, the bear market for digital assets has been very fierce, and then the entire market has rapidly declined. However, CCF’s IEO and OROC have recently withdrawn from the independent market. What does this show? It shows that this may be a new trend. the reason is simple. The next 18-19 years will be a bear market. The method of raising funds has become extremely difficult, resulting in a serious reduction in new projects and new funds. However, for most people, a CCF with equal IEO is acceptable because its dispersion is close to perfect.
The continued decline of old projects has made the funds of retail investors and institutions very tight, but the supply of original funds is in short supply.
Then there are some corresponding extension links, such as influential media and communication departments. In addition, the knock-on effect makes the whole circle more bitter. Just like the ICO at that time, the arrival of the upgraded IEO has found a new direction for the entire circle.
Reporter: Compared with the upgraded IEO and ICO, what is the difference? What are the advantages?
Mr. Tim Draper (Tim Draper): Although CCF is also helping the project win people's popularity, IEO has solved many problems that existed before ICO.
First, ICO is divided into many rounds, there are angel rounds, then private equity and public offerings, and even later become angel rounds and private equity. The price of each round is different, and the cornerstone and final price may be many times different.
This leads to individual price differences. Low-priced products are easy to profit and will be shipped in the secondary market in advance. This suppresses market trends and ultimately prevents high-priced users from making money. This formed a chain reaction, causing currency prices to fall or even break below.
In addition, after raising funds from the market, when many projects are to be listed on the exchange, they must charge additional fees.
In this way, the project party’s use of funds will actually increase. IEO packs these two things together so that the project skips the middleman from the beginning, goes directly to the IEO and makes the final exchange, thus saving costs and saving time. You can kill two birds with one stone. The purpose of upgrading IEO is more obvious. It not only packs these two things together, but also puts participants on the same starting line. As long as they join, everyone can get an income of the same value, and CCF is only used for value currency to promote circulation, which is a good original intention
In the previous IEO model, the exchange issued a unified pricing and traded through multiple agents. Therefore, in order to ensure the stability of each user's currency holdings to the greatest extent, the exchange actually has a double round effect with the project square. But the disadvantage is that the project party has raised a lot of chips for free, and formed two factions with the participants, which cannot achieve the ultimate decentralization.
Secondly, IEO should be the basic function of exchange.
Let us take an example. For example, the Nasdaq and the New York Stock Exchange in the United States are stock exchanges, but their core function is to help listed companies raise funds for IPOs. The secondary market after raising funds is it. Part of the whole. The exchanges in the currency circle actually imitate the traditional stock exchanges, but at the beginning, IEOs were not included.
Reporter: So, what impact will the upgraded IEO have on the current exchange and the entire digital market?
Mr. Tim Draper: First of all, I think the upgraded version of IEO is the finishing touch to the exchange and the entire digital currency.
Digital assets were a dragon before the birth of IEO, but it had no eyes. What eye is this
It is a review system and a fair system. The reason why digital transactions are chaotic is that there was no strict censorship system initially. In the previous fundraising environment, it was promoted under the guidance of the lead investment, and the purpose of the lead investment was very clear, that is, to make money.
This has become very unfair to the ultimate retail investors and investment institutions. It is a fantasy to count on these investment executives who just want to make money to help you review the project.
However, the emergence of the upgraded version of IEO gave the initially chaotic project side a standardization threshold.
Why, because exchange users are precious, so exchange will not bring sticky users to inferior items.
If the upgraded version of IEO becomes mainstream, the quality of digital asset projects is expected to be higher. Currency is more valuable, which is recognized and purchased by everyone
Reporter: CCF is a pioneer, he may become the first founder
Mr. Tim Draper: Yes, the blockchain has experienced ten years of growth, and the product and gameplay have basically taken shape. This is one of the few demand gaps. CCF has captured this trend and developed this equal gameplay. , We are very satisfied as an investment institution. Many people still don't know where the opportunities are. This is where the gap lies.
Reporter: Will you continue to invest in projects such as the CCF platform in the future?
Mr. (Tim Draper): There are not many opportunities for blockchain, enough to seize it once. CCF is basically the owner of the blockchain. It has a strong overall view of the initial intentions and development, but it does not rule out that there will be complementary businesses in the future. If there are, we will consider adding them. This investment is mainly to master his attributes, maybe we will improve and upgrade. Co-creating a world of green digital assets
Reporter: Thank you Mr. Tim Draper for accepting the interview.
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