1. Please introduce yourself
Hello everyone, I’m Robin, a serial entrepreneur, Web3 contractor, and independent studio game enthusiast.
Since I joined the Web3 field in 2017, I have been engaged in development, investment research and other aspects. I am good at the development of perpetual contracts and lending protocols. I have independently developed the Flux lending protocol solution, which later developed into flux protocol, a domestic lending protocol that rose in the last cycle. I also participated in the development of okt conflux's lending protocol, with a TVL of more than one billion US dollars.
2. What was the opportunity that led you to enter the circle?
Before I joined Web3, I started a business in the online education and social fields. At that time, I developed a social APP with millions of users, but the profit was very small. My friends all got results in Web3, so I also joined Web3.
After entering Web3, I worked in two companies for investment research. These two jobs became a transition period for me to enter Web3. And I am very grateful to my previous company for giving me time to get in touch with the work of the Web3 developer community. In this process, I formed a small team of nearly 20 people.
In Web3, the team structure is pyramid-shaped. I only manage a few people at the top, while others enter the team's peripheral management system through relevant work experience. My team includes front-end, back-end, contract engineers, UI designers, operations, etc. My status is particularly like a contractor in the construction industry, so I also joke that I am a Web3 contractor.
Core content: I started a business in Web2, but the profitability was limited. I saw my friend get results in Web3 and decided to join the Web3 field. When I joined Web3 and was doing investment research, I came into contact with the Web3 developer community and formed a small team. The team structure is like a pyramid. I only manage a few people at the head, which is very similar to the contractor in the construction industry, so I call myself the Web3 contractor.
3. What are you working on?
Reflecting on my last entrepreneurial experience, I realized that there was a big conflict between my idealism and the interests of the cryptocurrency industry. Few entrepreneurs can balance the interests of the community, investment, and team well, and those who can either fail or end up in trouble. In this process, I found that only by making myself suffer can others benefit. Doing a project is a very painful process for founders, because it is often either offending one party or the other. In short, it is difficult to please everyone. Therefore, I began to gradually let go of some of my previous ideals and focus on the actual execution of the project.
Core content: Through my previous entrepreneurial experience, I realized that idealism conflicts with the interests of the cryptocurrency industry. It is difficult for entrepreneurs to balance the interests of the community, investment, and team, and many people end up failing or getting into trouble. I found that only by hurting myself can I benefit others, and this process is very painful. Therefore, I began to put aside my idealism and focus on the actual execution of the project.
4.What are your most memorable experiences in Web3?
There are two most unforgettable experiences for me: The first experience happened in the second half of 2018, when I tried futures trading with 20x leverage for the first time. The market was in a downward trend at the time, so I chose to short EOS and XRP, which I was not optimistic about. Especially EOS, although it was very popular in the market at the time, in fact, its promised advantages such as high-performance supply chain were not fulfilled, and my friend’s work experience in EOS was not smooth, so I decided to short EOS. But at that time, I knew nothing about fund management and position management, and I used more than 20 times leverage to trade. Because the market fluctuates greatly, 20 times leverage means that a 5% fluctuation will cause a liquidation. So every time there is a callback, in order to prevent a liquidation, I will continue to increase my position, but every time a larger callback tops my increase in position, resulting in a loss of principal. Although I have some understanding of market fluctuations, due to the lack of good fund management, every fluctuation will lead to losses. This feeling makes me very uncomfortable and painful. From then until 2021, I dare not discuss futures or contracts with anyone. This experience left a deep impression on me.
The second unforgettable experience was the consensus struggle between BSV and BCH, which caused the price of Bitcoin to fall below $4,000. At that time, I felt that the entire industry was in danger, and I sold all my Bitcoins to invest in other projects, but I also lost a lot of money. This experience made me deeply reflect on my disloyalty to the industry and lack of in-depth thinking. I think this is a punishment for me. Because I did not follow up the changes in the market in a timely manner, I missed the opportunity of the previous cycle and did not earn any income.
Core content: I have two unforgettable experiences. The first was in the second half of 2018, when I started futures trading and chose to short USDT and XRP, but due to the use of more than 20 times leverage and no effective fund management, I suffered frequent losses, which left a deep impression on me. The second experience was the consensus struggle between BSV and BCH, which led to a drop in the price of Bitcoin. I missed the market changes and sold all my Bitcoins to invest in other projects, which eventually led to serious losses, which made me reflect on my disloyalty to the industry and lack of in-depth thinking.
5. What skills or areas are you good at?
My personal skills are mainly concentrated in technical analysis. As a developer, I am good at designing and calculating DeFi models, which is also the direction I will pay special attention to when starting a business. In addition, as an investor, because I have experience in developer and product development, I can better think about the pros and cons of the project from the perspective of the project party.
I have also achieved some good results in speculation and have been profitable. I am good at obtaining some asymmetric benefits through a lot of on-chain analysis and using scripts to monitor projects. After experiencing a big loss in contracts in 2018, I decided to avoid trading in the secondary market as much as possible, because I am not as good as other traders, and I don’t have such a mature trading concept and mentality. But I can quickly capture opportunities on the chain, and I have many scripts to determine which projects are really popular on social networks, which is an information advantage that ordinary people cannot obtain.
Core content: I am mainly good at technical analysis, especially designing and calculating DeFi models. As a developer and investor, I am able to think about the pros and cons of projects from the perspective of the project party, and have achieved some good results in speculation. I obtain asymmetric returns through a lot of on-chain analysis and scripting. Despite the contract failure in 2018, I decided to avoid trading in the secondary market as much as possible and instead use the on-chain advantage to capture opportunities.
6.Do you have any favorite tracks or tokens?
I think the meme track will run through the entire bull market. Because from my personal point of view, the practicality and various aspects of this cycle are not as good as the previous cycle. The previous cycle had a very clear development path, while many development paths of this cycle cannot allow retail investors to participate. It is difficult for retail investors to experience the fun of these tracks, so retail investors' attention will be attracted by the meme track. The way I pay attention to the meme track is to use scripts to monitor the transaction records of some smart money. If the transaction records of multiple smart money overlap a meme project, I will follow up on the project.
Core content: I am optimistic about the meme track because the current cycle lacks appeal and it is difficult to attract retail investors to participate. Therefore, retail investors' attention will turn to the meme track. I will pay close attention to this field and monitor meme projects with overlapping smart money trading records.
7.What are your experiences in investment?
I look at it from two perspectives, one is to prefer primary investment, the other is to prefer primary speculation. For primary investment, I think it is difficult for retail investors to get in touch with it except for professional investment institutions, so I will seek returns through speculation.
First, I will use my technical advantages to understand a project and the data performance of each cycle during the development process. Then I will use the tool gap, information gap and execution gap to surpass other speculators competing with me and obtain more accurate information to make profits.
I take the example of capturing information on the meme track: First, in terms of tools, I will build an RPC node in advance to quickly enter the transaction, because five minutes earlier and five minutes later may double the price, which affects your safety bottom line and tolerable volatility. Secondly, in terms of information, I will learn all the information about the project from different friends and script monitoring, so I can get excellent information on key targets in a timely manner to assist my decision-making. Then, as a developer and entrepreneur, I will be more decisive in executing the established trading strategy, so as to achieve unity of knowledge and action, and thus achieve profitability.
I don’t think I’m good at secondary trading, so I prefer what I understand as level 1.5 trading. The so-called level 1.5 trading refers to trading on decentralized exchanges or automated market makers before some new coins are noticed by exchanges. Once noticed by the exchange, the speed and difficulty of trading will increase dramatically because it will be affected by the relationship between the project party and the exchange, including listing strategies and negotiations. These are factors that I cannot capture on the chain. Therefore, I prefer to tap into its social popularity when a new coin comes out, check how much "smart money" is paying attention to it, and judge the true level and strength of the project by cross-verifying community reputation and information in the circle of friends, and consulting senior investors and developer friends, so as to make investments. .
Core content: I look at it from two perspectives: primary investment and primary speculation. Primary investment is difficult for ordinary people to access, so I mainly seek returns through speculation. I use my advantage of understanding technology and the gap in tools, information and execution to beat other speculators to make profits. My speculation method is mainly carried out in what I understand as level 1.5 transactions. Level 1.5 transactions refer to transactions on decentralized exchanges or automated market makers before new coins are noticed by exchanges. I tend to tap into the social popularity of new coins, cross-verify community reputation and information in the circle of friends, and consult senior investors and developer friends to judge the true level and strength of the project, and then invest.
8. Is there anything you would like to share?
As a developer, I hope everyone can show more understanding and tolerance to local developers or project parties, and give them more time to grow.
Because getting rich overnight in Web3 makes people impetuous; and the local soil makes project parties tend to choose safer, more conservative, and faster ways to obtain certain returns. I think this impetuousness and short-sightedness is by no means the norm for local project parties. As time goes by and the soil changes, local developers will definitely play their own advantages in Web3 and will also make good products. Therefore, as local project parties, we have to think about which track we can choose to start a business in the ecological niche of Web3, and then do it to the extreme and get our own results.
Core content: We should support local developers and project owners and give them time to grow. They need time to play to their strengths and create excellent products.
