When Li Xiaolai returned to the currency circle, he was already the co-CEO of a listed company
Li Xiaolai changed his mind again.
On December 3, Xiong'an Technology (stock code: 01647), a company listed on the main board of Hong Kong, announced that Li Xiaolai will serve as the executive director and co-CEO of Xiong'an Technology.
But just 147 days ago, Li Xiaolai just announced that he "resigned from the position of managing partner of Xiong'an Fund".
Li Xiaolai's change of mind in the currency circle is mostly "used to" ridicule.
Industry insiders analyzed that the appointment of Li Xiaolai is more like Xiong'an's layout. It was previously reported that Xiong'an Technology will develop a stable currency linked to the Japanese yen.
Stable currency is still USDT's "world", can Xiong'an Technology get a piece of the pie smoothly? Duncan Wong, president of the Hong Kong Blockchain Association, believes that as long as the market is large, multiple stablecoins can be accommodated.
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Never "unhooked" Xiong An
When Li Xiaolai was appointed as the co-CEO of Xiong'an Technology, Li Yang, a practitioner in the chain circle, whispered, "Why did he come out again?"
What puzzled Li Yang was that on July 9 this year, Li Xiaolai resigned from the position of managing partner of Xiong'an Fund because he was worried about affecting the reputation of Xiong'an Fund because of his Weibo conflict with Chen Weixing. On September 30, he publicly announced that he would not make any blockchain investment in the future.
"The boss changed his mind too quickly." Li Yang said.
Regarding Li Yang's doubts, more than one person in the currency circle told Odaily that in fact, Li Xiaolai has never "decoupled" Xiong'an Fund.
A person in charge of a blockchain project also expressed the same point of view, "Do you believe this too? In recent months, I have heard many times that Li Xiaolai has not completely withdrawn from Xiong'an Fund."
"The projects can be found. Many of the projects we invest in are related to Li Xiaolai. Some of them should be projects incubated by them. It is impossible to completely break the relationship." Previously, a person in charge of a blockchain investment company expressed Odaily said. This company mainly cooperates with the government and industrial parks, so it is familiar with some situations.
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Chen Weixing "ignites" Weibo
Li Xiaolai also responded to Chen Weixing's "taxi chain". In the next month, Li Xiaolai and Chen Weixing came and went and exposed each other's scandals. This caused some damage to the image of both of them.
Later, when Li Xiaolai talked about the "quick retreat", he also disclosed some of the details.
Li Xiaolai thought that the grievance between him and Chen Weixing was "strange", or inexplicable.
"The thing is like this. Two days before April 8 this year, Chen Moumou in the circle invited me to his birthday party, and I went there because of face. I just want to say this, I I don’t have any personal grievances with him. Xiong’an Fund was officially established on April 9. Since that day, he has turned against me in the circle of friends, fabricating various things to slander me.”
"Not only that, Chen Moumou also organized many people to make anonymous phone calls to Hangzhou government departments. Not only did he personally go to the leaders he could find to complain, but he also fabricated various facts to slander me, saying that I was a liar. Then I can't let the government The department and Xiong'an Fund are under unnecessary pressure from public opinion because of me, so I will quit, it's as simple as that." Li Xiao said.
Li Xiaolai joined Xiong'an in April, and it was less than three months before he quit. "At that time, many cooperations with Xiong'an Fund had not had time to start. Therefore, Li Xiaolai had not completely "decoupled" from Xiong'an, an insider said. According to industrial and commercial data, Li Xiaolai's equity in Xiong'an Fund has not changed before and after he left.
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Layout of a stablecoin pegged to the yen
According to public information, Xiong'an Technology is a company that changed its name after Xiong'an Fund bought a shell and listed in Hong Kong.
In May of this year, Xiong'an Fund acquired SHIS Limited, a company listed on the main board of Hong Kong, for 900 million Hong Kong dollars. In August, SHIS Limited changed its name to Grandshores Technology Group Limited, or Grandshores Technology.
Yao Yongjie, the founder of Xiong’an Technology, said at the time of Xiong’an Technology’s establishment that he wanted to make this company a “platform for global high-quality blockchain projects to exit the capital market” in the future.
Yao Yongjie also added an explanation to this sentence: "Xiong'an does not want to list every high-quality project it invests in, but it must allow investors to have exit channels and give investors an explanation. For example, Xiong'an can be used well in Hong Kong’s listing platform and overseas digital asset trading platform should withdraw in time.”
At that time, the backdoor listing and the establishment of Xiong'an Technology were generally believed to be an international layout of Xiong'an.
On December 3, Xiong'an Technology put Li Xiaolai on the stage with a letter of appointment and asked him to be responsible for the construction of the stable currency system, based on directed acyclic graph (DAG) and trusted execution environment (TEE) and other related areas. Application projects of block chain technology.
Regarding this announcement, industry insiders said that they feel a little strange about Li Xiaolai's identity as "co-CEO". In addition, we should focus on what is the stablecoin launched by Xiong'an Technology and how to promote it?
"On the one hand, normal listed companies generally do not create such a situation of co-CEO. It is well known that conflicts and disagreements are likely to arise when co-CEOs have different opinions. The situation of the CEO.” said the industry insider.
In addition, for the stable currency, he said that it is very worthy of attention. Because two months ago, stablecoins such as GUSD appeared and the price of USDT fluctuated, which made stablecoins once popular. People speculate whether UDST, the dominant stable currency "jianghu", is about to experience turmoil. Judging from the announcement disclosed this time, Xiong'an is likely to want to get a share of the stable currency market.
Prior to this, Xiong'an Technology has begun to report that Nervous is preparing for a stable currency project.
According to the South China Morning Post report in September, Xiong’an Fund plans to raise 100 million Hong Kong dollars to invest in a stable currency project linked to the Japanese yen. The project, in partnership with a mid-sized Japanese bank, is expected to launch late this year or early next year. Stablecoins pegged to the Hong Kong dollar and the Australian dollar will also be explored in the future.
"I think it is very important to do stable currency and related construction, and it is a very good thing." said Duncan Wong, president of the Hong Kong Blockchain Association.
However, Duncan Wong also maintains an observational attitude towards Xiong’an Technology’s move.
“At the same time, we also have to ask how big is the stablecoin market? How long will it take to establish this ecosystem and so on.” Duncan wong told Odaily.
Stable currency is still USDT's "world", can Xiong'an Technology get a piece of the pie smoothly? Duncan Wong believes that as long as the market is large, multiple stablecoins can be accommodated.
"But if there is no specific application, I think persistence is the biggest worry." Duncan wong said.
"Stablecoin does have potential in the future, but it still needs to go with the supervision. I don't know if Xiong'an Technology has obtained regulatory support." Another stablecoin researcher told Odaily.
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This time "harvesting shareholders?"
Currency people can’t help wondering. Li Xiaolai, who claims to have been pursuing "correct thinking", announced that he would no longer invest in the blockchain, while writing "self-cultivation of leeks", and returned to listed companies to issue coins and make investments. Is it going to be cut to the shareholders this time?
Since Li Xiaolai began to aggressively enter the currency circle in 2013, there have been constant negative news. The biggest question is turning his followers into "leek seedlings".
Du, a blockchain researcher who lives far away in the United States, told the media that Li Xiaolai's wealth is based on bragging, "His bitcoins were sold out in the early stage, and in the later stage he relied on platform projects and cutting leeks."
Li Xiaolai once said in the "Recording Gate Incident" that he brought 1 million fans to the currency circle. After entering the currency circle, Li Xiaolai preached about Bitcoin in learning communities such as "Get" and started an investment business at the same time.
In the second half of 2017, during the few months when the currency market was booming, Li Xiaolai successively launched his own ICOs. These projects have no or only simple white papers. Among them, the most exaggerated one is Press.One, whose official website has only a few hundred words of introduction, and finally raised 200 million US dollars.
But with the arrival of the "September 4th" turmoil last year, the currency circle headed by Li Xiaolai faced the red line of "illegal fund-raising". As a result, the prices of these projects they invested in suddenly plummeted, and the coins in the hands of investors were locked up. Afterwards, Li Xiaolai was described as "a fraudster's road to financial freedom" in the market.
This makes Li Xiaolai feel chills down his spine even thinking about it, "It feels like I have been sentenced."
In November, the currency market began to recover. Li Xiaolai and his coin capital stopped doing ICOs by themselves, but invested in other projects.
In 2017, Li Xiaolai also vigorously promoted the EOS he invested in. At that time, the projects he initiated all used EOS to raise tokens. As a result, some followers saw the "teacher's support" and deposited coins at a high point.
When the price of the currency falls, these leeks will inevitably turn against each other, although it is difficult to say whether the rise and fall of the currency price is caused by the conspiracy of Li Xiaolai and others.
Not long ago, Li Xiaolai published a new book, "Self-Cultivation of Leeks", trying to get rid of the hat of "cutting leeks". Through this book, a group of believers has been accepted, even though this book is to tell people how to avoid becoming leeks.
To sum up, Li Xiaolai mainly demonstrated these points in the book.
1. There is a misunderstanding in leeks: they think that speculating in coins is a zero-sum game, that is, you win when I lose. But in fact, speculating in coins is a non-zero-sum game. A fool can make money in a bull market, and you lose money in a bear market.
2. "I" has always taught readers to think independently, but these people believe in "I" very much (no one can achieve a 100% investment success rate, and "I" sometimes makes mistakes), but they don't think about it themselves. Think about whether to follow-up, when to invest, how much to invest, etc., based on personal circumstances.
3. The currency market is risky, and if investors do not do enough homework, it is easy to suffer losses.
Li Xiaolai also talked about his "failed" operation when he first speculated on coins. According to him, he entered the market at the tail end of the bull market. Around the end of April 2011, he bought 2,100 bitcoins at an average price of $6. The coins are relatively high.
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Li Xiaolai has lost nine times and won one in investing.
In addition to speculating in coins, Li Xiaolai's other report card in the currency circle is investment projects. Although Li Xiaolai entered the investment circle again this time, in his opinion, early-stage investment is still full of challenges, and his investment performance in early-stage projects is also nine defeats and one win.
Li Xiaolai started investing at the end of 2013. Because of lack of experience, contacts, and the "methodology" that Li Xiaolai attaches great importance to, almost all of his early investments failed. It was not until 2016 that I gradually found a way and met Lao Mao.
According to Li Xiaolai, Laomao was originally a user of his exchange, Yunbi.com, and they met during a user return visit.
After that, Li Xiaolai and Lao Mao formally founded Coin Capital (INBlockchain), and invested in more than 50 projects, including Steemit, Zcash, QTUM, etc.
Li Xiaolai's investment masterpiece is probably EOS. Li Xiaolai revealed in an interview with the media that he started investing in the EOS team in 2013 and bought a 5% stake in EOSIO for a total of US$1.5 million. At that time, EOSIO was valued at US$30 million. up 200 times. Although it is only "book profit", this also makes Li Xiaolai one of the world's best angel investors in 2017.
Other projects, however, were not so satisfactory. For example, companies such as Litecoin, Ethereum, and Binance have been missed. Coin Capital questioned Binance’s technology at the time and regarded it as a scam company, “so all of us didn’t invest, but watched it go up.”
Previously, Li Xiaolai had three major identities in the currency circle, one is a currency boss, the other is an investor, and the third is a currency circle evangelist, and now there is another one, the CEO of a listed company.
(I am the author Huang Xuejiao. You can add WeChat hxjiapg for blockchain project reporting/communication. Please note your position and reason)
(I am the author Huang Xuejiao. You can add WeChat hxjiapg for blockchain project reporting/communication. Please note your position and reason)
