[Blockchain in SEA] The Token Thinking in Blockchain Investment Community
Blockchain in SEA
53days ago
1430

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Time:01/10  18:00

Wechat group: BlockChain-in-SEA

Guest: JR Ng, Founder & Managing partner, Wemerge Ventures

Host: Andy Zheng, CEO, Beecast

 

Dialogue

Andy Zheng: Good evening, everyone! I am Andy Zheng, CEO of Beecast.

Welcome to the leading blockchain community media [Beecast] and join us with 5000+ communities & 1000000+ Beecasters in [Blockchain in SEA] to discuss blockchain technology and industry development.

This is the Phase 12, Topic: The Token Thinking in Blockchain Investment Community .

Guest: JR Ng

JR Ng, Founder & Managing partner of Wemerge Ventures, Governing Member of WBF(World Blockchain Foundation), founder of iTree Technology, partner of CEF cryptocurrency Investment Fund, JR is an active serial entrepreneur, and has rich experience for founding enterprises from zero to one. With the understanding of the enterprise and experience, he has high ability to excavate excellent projects.

 

Andy Zheng: As a serial entrepreneur, can you share your career journey and experience? Why did you step into the blockchain industry? What unforgettable things happened during this period?

Mr. JR: Hello, everyone. I'm JR, founder of Wemerge Ventures. Thanks to BeeCast's invitation, I was given the opportunity to share my personal opinions with the friends in the group. I hope I can learn from each other in the process.

I am a Chinese from Singapore, Malaysia, 31 years old. I started working at the age of 17, I had worked in direct selling, catering, advertising, gold foreign exchange investment and so on. At that time, I experienced a lot of setbacks, of course, there are good times, but also because of youth to make mistakes and experience failure.

At the age of 22, I had the opportunity to enter the Internet industry in Shenzhen, China, when I was 22 years old. It was the time from the Internet to the mobile Internet. Fortunately, I experienced and deeply experienced the whole process of technology changing people’s life.

Internet entrepreneurship is in a completely different logic from traditional entrepreneurship, because the Internet era is about the platform, first you have to find a certain market demand, and this demand is often that the original market does not exist and you find it. You need to use business models and products to change and educate users. In addition, you must take more than 50% of the market to have a chance of success, or you will be covered by competitors.

So you'll find that in the Internet age, there are only a handful of companies that end up in an industry market, with the first place occupying more than 50 percent of the market, and the rest divided up by a few. But finally the second and third will be purchased through the capital operation to come to final market monopoly.

In my own entrepreneurial process, I realized that in this era, entrepreneurship is not 1 life in 9 dead, but 1 life in 999 dead. And it was the genius who had the potential to make a great Internet company, so after two Internet startups, I didn't really succeed, and then I saw the chance of a blockchain.

The so-called opportunity is not simply to see the digital currency surge, but it has the opportunity to change the original financial and business structure. This change has transformed business itself from the original corporate entity "The majority contributes, the few benefit," to the future community economy "everyone contributes, everyone benefits."

Andy Zheng: In fact, the process of starting a business is similar to reading. Some people do undergraduate studies, some do master's studies, and a few have made achievements in the field of doctorates. It is even more difficult to break through the top tip of the industry.

Mr. JR: For example,If I use travel software, this company appreciation has nothing to do with me. If I started a trip software, and I couldn't surpass it. But with a blockchain, this is going to change. For example, by holding a business card, all card holders will gain value when the business body adds value. As long as this business model is reasonably designed, everyone can participate in the contribution as a reward. This is a process in which everyone contributes and everyone benefits.

Based on this perception, I decided to move into this field to provide value for promising projects by investing and contributing my ability.

Andy Zheng: Thank you for the sharing, rich experience, but the key points are still being grasped.

 

Andy Zheng: Please outline the business scope of Wemerge Ventures. From which dimensions does Wemerge Ventures identify good projects?

Mr. JR: The business has three aspects. The first is the early investment of blockchain, mainly for token and equity investment. The second is the acceleration of projects, but only for micro-investment projects to provide services. The third is Bitcoin mining, which started in October, because we think the mining sector is at a low point, but an opportunity in the bear market. Of course, the premise is to have an advantage in the cost of electricity.

In fact, our investment strategy this year is relatively simple and direct. One is to only invest in projects in which mainstream organizations are involved, and the other is directly to be the LP of a mainstream fund. The first is that the size of the micro fund is not large, I think it is impossible to participate in premature and excessive uncertainty of the project, because our investment volume can not ensure the viability of the project, so following the head of the organization I think is relatively stable.

 

Andy Zheng: Wemerge Ventures has a unique operating mechanism, combined with blockchain technology and token model, please introduce and explain the application of token model in the operation of Wemerge Ventures. And how does the community model operate with it?

Mr. JR: The fixed position of Wemerge is the VC based on blockchain , we have set up a set of token model through the token contract of Ether. Holding a Wemerge-token actually becomes our LP, equivalent to having a Wemerge-joint investment certificate for all projects. An annual settlement will be made, a portion of the investment income will be airdropped by Ether, and part will continue to be engaged in quality projects to continuously expand the value of the token of Wemerge.

The value of Wemerge is that it allows more people to understand and participate in quality blockchain projects, with low thresholds and high liquidity to solve problems that conventional VC and ordinary people cannot participate in. On the other hand, early projects are fraught with too many risks, and we can significantly reduce the risk of participants being defrauded by Wemerge professional team who fully responsible investigate the project. And through this form of building a healthy, consensual community, to support the participation of the project. This is actually the Wemerge value of participation in the project.

 

Andy Zheng: What do you think is the greatest value for the mining business of Wemerge Ventures?

Mr. JR: Wemerge-mining is actually very simple, we have a relatively low electricity advantage, and chose the right time to enter the market. The first is the cost of mining in China, which accounts for as much as 70 percent Calculating force of the entire Bitcoin network. Most of China's mines have now stopped operating, leading to a sharp drop in machine costs and a reduction in the difficulty of calculating power. We are optimistic that bitcoin will be digital gold in the future, so the layout of mining in such a bear market, I think it is a huge opportunity to fit in the cold winter.

 

Andy Zheng: For investment institutions, the most important point is the ability to resist risk. How do you think the investment in the area of blockchain can improve the ability to resist risk?

Mr. JR: What I shared above has always been on a risk-resistant perspective to do the layout.

Firs, issue token based on blockchain, reduce the threshold of LP, and improve investment liquidity.

Second, the investment strategy is mainly focused on investing in head funds. This is actually an advantage in terms of resources and models, because there is a foundation in the industry that has access to projects that are not accessible to ordinary people, and a combination of community forces, which is exactly what a project needs.

Third, hematopoietic ability, because the current investment environment is not like in 2017, before a project can profit three months to exit, now the market is more mature projects need more solid development, investment cycle is relatively longer, so investment alone is very risky. So we put a considerable part of our portfolio into mines at this stage. The profits from the mine not only bring liquidity to LP, but also allow Wemerge jointly to participate in more projects on a continuous basis.

 

Andy Zheng: What qualities do you think qualified investors should have? What do you think should be the correct rule of survival for investors in bear market?

Mr. JR: I think that whether operating a startup or making an investment is actually a process of increasing awareness. Many investors look at opportunities and problems according to subjective understanding. They unilaterally believe that there is a certain demand in the market that needs to be solved or that certain problems need to be solved, and then they begin to rationalize all their own imaginations. This is terrible.

As Zhang Xiaolong, father of WeChat, said yesterday: "if a product does not get a natural growth curve, we should not promote it", which is used in entrepreneurship and investment: "if a project can't get the natural growth curve of the market, we shouldn't continue to invest or develop it," as it is probably wishful thinking.

As for the rules of survival of investors, I think that do not blindly expand at the bull market , it is time to accept the results and reserve the grain depot. If you have money when people are short of money, real opportunities will flow to you. So when you're in a bear market, you should be more active in your layout, just like before the bull market wasn't really concerned about us, because the market was too pompous, baptized by all kinds of myths and legends, chances wouldn't see you, but bear markets are very easy to give everyone the chance to come out. That's why I got the chance to be interviewed today.

Andy Zheng: Very agree with this saying, the right time, geographical location and people, all determine the project how the curve changes;

The right time, geographical location and people are nothing more than policy, region, timing and founding team.

In the Bear Market, the right thing is like the policy used by Zhu Yuanzhang: digging Wall with wide Grain accumulation.

Mr. JR: Yes, deep experience.

Andy Zheng: The advantage of the bear market is that we can clearly understand the objective environment. Of course, we are also honored to invite Mr.JR.

 

Andy Zheng: As a governing member of World Blockchain Foundation, please talk about the current situation of blockchain industry development in the country and region where you know well. What do you think of the development of the blockchain market in Southeast Asia?

Mr. JR: My view on this may be extreme to others, but in fact I don't think great projects will be born in Southeast Asia before the blockchain industry matures. Because of the relative backwardness in industry information, talent, entrepreneurship and the capital environment, I personally will not consider investing in Southeast Asian projects this year in terms of investment.

In addition, in Southeast Asia, there are still many traps, because there are so many frauds, and a large number of retail investors are easily misled. People's understanding of this industry is likely to take a long detour. So a blockchain project to establish a Southeast Asian community is very difficult. The people involved in the blockchain have a speculative mentality, which is actually bad for the development of the project. For those who do not participate in the blockchain, because they still do not understand the blockchain, they always feel that this is a pyramid scheme. Even in China, let alone Southeast Asia. So I think the current market in Southeast Asia should be more in partnership with some of the blockchain friends. A good national government policy to popularize education and promote the basic work of industry development.

 

Andy Zheng: As a senior preacher in the blockchain field, you may have come into contact with a lot of people in the industry. Are there anyone you admire, and why? Beecast currently covers 250 cities in 15 countries, 5,000 community nodes, 1 million users , and hopes to invite more big names to [Blockchain in SEA] to share the blockchain knowledge, promoting the development of the industry. In the blockchain industry of SEA, if JR introduces one or two guests to be interviewed, who would you recommend to Beecast to share?

Mr. JR: I feel that people who can contribute to the industry and adhere to industry principles are worthy of respect. In the industry, there are often practitioners who do not conform to their values, for the purpose of cutting leeks, they laugh at value investments, and treat the community as chives as the true. Such people are actually the cancer of the industry. But these people are leaving almost in large numbers. For new friends, I hope you can take a positive attitude to promote the industry. Blockchain is a great opportunity for people of our time, and it also gives us insight into the changes in the future world, so we encourage more people, especially young people to participate.

Regarding the recommendation of Southeast Asian practitioners, I recommend Dr.Kelvin Chu and George Wong, who are the director of the International Internet Finance Association and the Southeast Asian head of the BQEX Exchange, respectively. As I have just mentioned, they are the driving force behind industry principles. They have a long-term view of development and have scored well no matter how the Coin Price changes in the market.  

 

 Q & A

Q1: What projects have you invested in? Do you have any specific preferences for the project type?

We are currently invested in five projects, an infrastructure, a blockchain VR platform and a similar game, a blockchain+iot and a decopyrighted content trading platform. I'll link the project introduction to the group.

In fact, now we will focus on finance, protocol layer and Dapp and so on, and is a bit more STO. If only the public chain or emphasize the basic TPS project, we are not much interested.

 

Q2: What do you think of that the four exchanges in Thailand are licensed on 8 Jan.?

Regarding Thailand to issue the STO license, my view is that it’s need to be cautious, basically must first see the license plate exchange's qualification,if it is a strength has the qualifications unit or not. Because that Thailand is also a place where if you have money, you can make the devil push the millstone for you. I think that if a firm business is going to be listed by STO or an STO exchange, it should focus on the US, Singapore and Hong Kong first.

I often hear millions of people in the country saying they want to get a license plate here and there overseas. In fact, this is a misunderstanding of the Chinese people, because doing things in China as long as they have the support of the government is like running a through train. Everyone should follow the national leadership to seize the opportunity. But overseas, especially in Southeast Asia, is not the same thing. So those who want to do well still spend their energy on what they do to satisfy the community, the customer will naturally be strong.

 

 

 

 

[Blockchain in SEA]区块链投资社区中的通证思想

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对话时间:2018 年 1月 10日  18:00 

微信社群:BlockChain-in-SEA

对话嘉宾:

JR黄健荣

微合资本创始人&管理合伙人,WBF世界区块链基金会理事成员

郑西平

东南亚Beecast CEO

 

郑西平:各位Beecaster,大家晚上好!我是东南亚Beecast CEO 郑西平。

欢迎大家来到领先的区块链社群媒体【Beecast】,与5000+社群1000000+Beecasters一起参与【Blockchain in SEA】节目,探讨区块链技术与行业发展。本期是Beecast【Blockchain in SEA】第12期,

主题:区块链投资社区中的通证思想

嘉宾:JR黄健荣

JR黄健荣,微合资本创始人&管理合伙人,WBF世界区块链基金会理事成员,CEF加密数字投资基金合伙人, iTree Technology智树科技创始人,JR是一位充满活力、积极阳光的连续创业者,对于企业从零到一有着亲身经历及丰富经验。凭着他对企业的理解及经历,能大大提升挖掘优秀项目的能力。

 

郑西平:JR,作为一名连续创业者,您可以分享一下您一路走来的心路历程和经验收获吗?为何步入区块链行业?期间发生过什么难忘的事情?

JR黄健荣:大家好,我是微合资本的创始人JR,感谢Beecast的邀请,给了我机会可以跟群里的朋友分享我个人的浅见。希望过程中可以多多和大家互相学习。

我是一名来自马来西亚新山的华人,今年31岁。我17岁开始工作,期间从事过直销、餐饮、广告、黄金外汇投资等。在那时候经历了不少的挫折,当然也有发展不错的时候,但也因为年少得志犯了错误经历了失败。

在22岁时因为贵人的帮助让我机会到中国深圳进入互联网的行业,当时正是从互联网发展到移动互联网的时代,很幸运的我经历并深刻的体会到了科技改变生活的整个过程。

互联网创业与传统创业是完全不一样的逻辑,因为互联网时代讲的是平台,首先你必须找到某个足够大的市场需求,而这需求往往是原来市场不存在而被你发觉了,这时你需要用商业模式及产品去改变及教育用户。另外你必须占领市场50%以上的份额你才有机会成功,否则你就会被竞争经对手覆盖掉。

所以你会发现在互联网时代的一个行业市场最终存活下来的企业屈指可数,一般第一名占据了市场50%以上的份额,剩余的由几家瓜分,但最后通过资本运作把第二第三收购了最后形成市场的垄断。

在我自己创业过程中意识到,在这个时代创业不是九死一生,而是九九九死一生。并且是天才中的奇才才有造就一家伟大互联网企业的可能,所以经过两次互联网创业都未获得真正的成功,后来我看到了区块链的机会。

所谓的机会不是单纯看到数字货币的暴涨,而是它有机会改变原来的金融和商业结构。这种改变是让商业本身从原来的公司主体“多数人贡献,少数人受益”,变成了未来的社群经济体“人人贡献,人人受益”。

郑西平:创业的过程其实跟读书差不多,有些人做本科的研究,有些事做硕士的研究,少数人在博士领域有建树,想要突破行业的那一点点针尖,就更难了。

JR黄健荣:比如说我用出行软件,这家公司升值和我没有关系。我创业做个出行软件,我又做不过这家公司。但有了区块链这样的情况将会被改变,比如我通过持有一个商业体的通证,当这个商业体增值时所有通证持有者也将获得价值增长。只要这个商业体的通证激励模型设计的合理,人人都可以参与贡献获得通证作为奖励,这就是一个人人贡献人人受益的过程。

基于这样的认知,我决定进入这个领域,通过投资与贡献自己的能力来为看好的项目提供价值。

郑西平:谢谢,经历丰富,不过关键点的转折还是把握住了。

 

郑西平:请您大体介绍一下微合资本的业务范围。微合是从哪些维度甄别优秀项目的?

JR黄健荣:微合资本的业务有三个方面,第一是区块链的早期投资,以通证或通证+股权投资为主。第二是项目加速,但只针对微合投资的项目提供服务。第三是比特币挖矿业务,这部分业务是今年10月份才开始的,因为我们认为这个挖矿领域已经到了一个低谷,是现在熊市里的机遇。当然前提是要有电力成本上的优势。

其实今年我们的投资策略相对来说比较简单直接,一是只跟投有主流机构参与的项目,二是直接成为主流基金的LP。首先是微合的基金规模不算大,我认为不可能去参与过早及过度不确定性的项目,因为我们的投资体量无法确保项目的生存能力,所以跟着头部机构我认为是相对稳定的。

 

郑西平:微合资本拥有一套独特运行机制,结合了区块链技术与通证模型,请您具体介绍和解释一下微合资本的运行机制中对于通证模型的应用。社区模式又是如何融入其中的?

JR黄健荣:微合的定位是基于区块链的风投机构,我们通过以太坊的智能合约设定了一套通证模型。持有微合通证实际上就成为了我们的LP,等于拥有了微合所有投资项目的通证。并且微合投资基金每年会进行一次结算,将投资收益的部分进行以太坊空投,部分继续参与到优质的项目中不断扩大微合通证的价值。

微合的价值在于让更多人了解并参与到优质的区块链项目中,通过低门槛,高流动性解决了传统VC普通人无法参与的问题。另一方面是早期项目充满太多的风险,而通过微合专业的团队对项目进行全面的尽调尽职调查,我们可以大大降低参与者受到诈骗的风险。并且通过这样的形式建立一个健康、有共识的社区,为参与的项目助力。这其实是微合为参与项目带来最大的价值。

 

郑西平:您认为对于微合资本的挖矿业务,最大的价值在哪里?

JR黄健荣:微合的挖矿业务其实很简单,我们有相对更低的电费优势,并选对了时机入场布局。首先是比特币价格击穿中国矿场的挖矿成本,中国占比特币全网算力高达70%,那么现在中国的矿场大部分已经停止运营,导致矿机成本大幅下降,算力难度也下降。我们看好未来比特币将是数字黄金,所以在这样的熊市做挖矿的布局,我认为是微合在寒冬中的巨大机会。

 

郑西平:对于投资机构来说,最重要的一点就是抗风险能力,您认为在区块链领域中的投资如何去提高自己的抗风险能力?

JR黄健荣:我上述的分享中其实一直都是站在抗风险的角度在布局。首先是基于区块链发行通证,降低LP门槛,提高投资流动性。

二,是投资策略以跟投头部基金为主,这其实是资源和模式上的优势,因为在行业里有根基,可以接触到普通人无法触及的项目,并且微合集合了社区的力量,这正是一个项目方所需的。

三,是造血能力,因为现在的投资环境不像2017年,以前一个项目3个月就可以获利退出,现在市场更成熟了项目需要更扎实的发展,投资周期相对更长,所以单靠投资其实风险非常高。因此我们将投资组合相当一部分在这个阶段投入到矿场。矿场的收益不仅为LP带来了流动性,也让微合可以不断的参与到更多的项目中。

 

郑西平:您觉得合格投资人应该具备的素质是什么?您认为在熊市期,投资人的正确生存法则应该是什么?

JR黄健荣:我认为不管是创业还是做投资,其实是一个不断提高认知的过程。很多投资人看机会和看问题都是根据主观理解,片面的认为市场有某种需求被需要或某种问题需要被解决,然后开始合理化自己的一切想象,就一股脑一股劲的去做、去投,这是非常可怕的。

就像昨天微信之父张小龙说的:“如果一个产品没有获得一个自然的增长曲线,我们就不应该去推广它”。这句话用在创业和投资来说就是“如果一个项目不能获得市场自然的增长曲线,我们就不应该继续去投资或发展它”,因为很可能是自己的一厢情愿。

关于投资人的生存法则,我认为是牛市的时候不要盲目扩张,反而是应该验收成果,储备粮库的时候。这样熊市大家都缺钱的时候你有钱,真正的机会自然会流向你。所以当熊市时更应该活跃布局,就像之前牛市其实不会有人关注到我们,因为市场太浮夸,被各种神话传说洗礼,不会看见你,但熊市时是很容易给大家机会冒出头的,所以今天我才有机会被邀请采访。

郑西平:非常同意这句话,天时地利人和,都决定着这个项目的曲线如何变化;

天时地利人和,无非就是政策、区域、时机和创始团队。

熊市就是朱元璋使用的:广积粮,深挖墙

JR黄健荣:是的,深有体会。

郑西平:熊市的好处,就是大家能够清醒的认清客观的环境,当然我们也荣幸能邀请黄总。

 

郑西平:作为WBF世界区块链基金会理事成员,请您结合您在国内外区块链行业的观察,谈一谈您所了解的国家和地区的区块链行业发展现状。您对于东南亚区块链市场的发展是怎么看的?

JR黄健荣:关于这方面我的观点在别人看来可能比较极端,实际上我不认为在区块链行业成熟以前东南亚会诞生伟大的项目。因为在行业信息、人才、创业和资本环境等都相对落后,所以我个人在投资角度来说今年是不会考虑投资东南亚的项目。

另外东南亚其实陷阱还是非常多,因为充斥着大量的诈骗,并且大量的散户容易被误导,百姓对于这个行业的理解来说很可能会走一大段弯路,所以一个区块链项目要建立起东南亚社区的难度还是非常大的。参与区块链的人抱着一种投机的心态,其实对项目的发展是不利的,对于不参与的人来说因为他还搞不懂区块链,总觉得这是传销。现在连中国都还是这种现象,更不用说东南亚了。所以我认为目前在东南亚市场更多的应该是配合一些对区块链友好的国家政府政策做教育普及,推动行业发展的基础工作。

 

郑西平:JR作为资深的区块链领域布道者,应该接触过很多行业内人士,其中是否有您欣赏和佩服的从业者,为什么?Beecast目前覆盖15个国家250个城市、5000个社群节点、用户100万+,希望通过[Blockchain in SEA]邀请更多的大咖来社群分享区块链,以推动整个行业进一步的发展,如果JR引荐一到两位东南亚地区嘉宾,您会引荐谁来做客Beecast进行分享?

JR黄健荣:我觉得可以沉下心来为这个行业做贡献,并且秉持行业原则的从业者都是值得尊敬的。在行业内经常会碰到一些价值观不相符的从业者,以割韭菜为目的、嘲笑价值投资、把社区当韭菜才是行业真理的人,对于这类人其实都是行业毒瘤,但这类人几乎正在大量离场。对于新加入的朋友来说,希望大家都可以抱着正面的观念和态度一起推动行业发展。区块链是我们这个时代人绝佳的机遇,也让我们洞察到未来世界的变化,所以鼓励更多人尤其是年轻人参与。

关于推荐东南亚的从业者受访,我推荐曹耀群博士Dr.Kelvin Chu和George Wong,他们分别是国际互联网金融协会会长,和BQEX交易所东南亚负责人。他们正如我刚提到的,是秉持行业原则,沉下心在推动行业发展的推动者。无伦市场币价如何变化,他们都有长远的眼光看待发展,并取了不错的成绩。

 

 

 自由提问

提问一:请问您投资过哪些项目?微合选择的项目类型有没有特定偏好?

JR黄健荣:我们目前投了5个项目,一个基础设施,一个区块链+VR的平台和一个同类的游戏,一个区块链+iot和一个去版权的内容交易平台。回头我把项目介绍的链接到到群里。

其实现在我们会关注金融、协议层和Dapp等,并且STO多一些。如果只是是公链或强调TPS的项目基本我们没有太大兴趣。

 

提问二:对于1月8号泰国4个交易所拿到牌照,JR有什么看法?

JR黄健荣:关于泰国发STO牌照我的看法是需要谨慎,主要得先看获得牌照交易所的资质,是不是一家有实力有资历的单位。因为泰国还是一个“有钱能使鬼推磨”的地方,所以我认为如果是实在干事的企业想STO或上STO交易所应该先关注美国、新加坡和香港的动向。

经常在国内听无数人在说要海外的这里那里拿牌照,其实这是中国人的一种误解,因为在国内做事只要获得政府的支持就像开了直通车,大家都要跟着国家领导发的话抓住机会。但是在海外,尤其是东南亚并不是那么一回事,所以这些什么泰国、缅甸、菲律宾、越南的还是不要花太多精力,除非是想割韭菜。想好好干事的还是把精力花在自己做的事上,满足社区、客户自然自己就会强大。

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