Hello, I am @shanghaipreneur from FinNexus - a DeFi project based in Asia. I first heard about bitcoin back in late 2013. Back then, it was all about the famous Lee Bros. of China - one ran one of the biggest exchanges BTCC, the other was a Silicon Valley guy who started his own version of Bitcoin called Litecoin, the silver to BTC's gold. I was suspicious of the whole thing because the person who had introduced it to me presented it as a get-rich-quick scheme. In his defense, bitcoin 5x'ed in the space of 2 months to end 2013... but I was wary about catching a falling knife. I figured I'd keep an eye on it and try to buy it once it had obviously bottomed. Well, it based in the $200s for a good part of '14, '15, and '16 but of course I was caught up in my own thing and didn't even know how to buy any. Then an investor I admire said, "Here, buy all you can of THIS thing at $400." I tried to do it, but could never get my KYC properly filed at Coinbase, so I joined Steemit instead. No one gave me any upvotes back then, so I forgot I even had the account even. Then a year later I was researching my PhD thesis and came to find out that the Chinese central bank had been actively researching blockchain since 2014. I then immediately looked at BTC price. It was around $1800. Whoops! After that, I've made sure to stay up=to-date and been hooked ever since...
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Hello @shanghaipreneur,
Thank you for sharing your story and I am now following your project on Twitter :).
Interesting story and thoughts. It is nice that you were suspicious when presented to you as a "get rich scheme".
Very nice ending and I guess Crypto got you a job.
Can you tell us more about FinNexus? What is the goal of the platform... I am very interested.
Sincerely,
@vlemon
Thanks for the response @vlemon, always respected your blog a lot. We're a DeFi project that is creating a "Crypto Supermarket" - the idea is that crypto lacks diversity, real world value, and convenience. So we're gonna bring it to the industry!
I fell in with some of the engineers from Wanchain (WAN) to launch this project. Our first protocol cluster is about bringing real world assets - loan portfolios, receivables, etc. - to tokens. It's kinda boring stuff but the great thing is that these tokens will be completely uncorrelated to other tokens. And they'll also have a return component, so they're definitely be good for that risk-averse section of your portfolio.
The second protocol cluster is pretty damn cool. We've started working on it during COVID-19 and have actually gotten pretty far fast due to the pandemic. We are creating a decentralized options platform. So you can stake your bitcoin (if you wanna sell a covered call and earn some income) or you can stake a stablecoin (if you wanna provide insurance coverage for someone who's afraid bitcoin price might fall). We'll start with BTC and move on from there. That's about it for now.
We've just raised a good bit of money on Bitrue. We've done 4 rounds of FNX token distributions and they've all sold out so far. It's kind of amazzZZingGG!
Very interesting comment and I am quite interested by the options and BTC lending you are mentionning.
I really need to check all of this out, is there a DeFi Bible/Temple Website out there? To get all of the info?
I am making so much $$$ buying puts on stocks (ofc I would buy call on BTC haha).
Sincerely,
@vlemon