Author: Wang Yanhua
Five industry leaders gathered in Singapore on Monday, in a meetup aiming to spread the word on blockchain.
According to the moderator, among those present, CEO of HomiEx Zhou Hongming owns more than a 100,000 EOS tokens, making him a millionaire. Block Asia verified the information with Zhou.
The meetup, co-organised by Jingyu Caijing (Chinese blockchain online news website), HomiEx (Singapore-based cryptocurrency exchange), and iTechBlack (incubator), was mostly attended by investors and blockchain enthusiasts coming from a Chinese background.
The five industry leaders present, other than Zhou Hongming, were COO of AEFL Chen Zhuling, Project Lead of Odyssey Sophie Guan, Bplus CEO Katherine, and Weiyi Capital Co-founder Gaven Zhou.
The meetup began with a sharing by Zhou Hongming on HomiEx. He claims that HomiEx has the best price in Singapore, and that it boasts a trading volume of SGD 10 million dollars. It provides liquidity for ICO projects and exchanges, and makes profit from spread.
Zhou Hongming started trading Bitcoin in 2013. He said, “I always thought it was a Ponzi scheme. It was just a bunch of numbers, and there’s nothing valuable about it. But my understanding changed with time.”
Interestingly, HomiEx is also a Huobi Global Elite Partner. To provide some context, Huobi is another cryptocurrency exchange (in fact, one of the largest, according to CoinMarketCap data). Huobi launched the search of Global Elites in March to expand its global business.
Zhou Hongming told Block Asia, “We are not competitors, even though we are both exchanges. It’s a symbiotic relationship. We’re a Huobi OTC platform (an exchange bridge by Huobi between fiat and cryptocurrency), and we lead Singaporean traders to Huobi.”
After his sharing, there was a roundtable where the five industry leaders discussed pertinent questions in the industry.
Even though all panellists were blockchain enthusiasts and optimists, they raised the limitations and pitfalls that have emerged.
Sophie Guan from Odyssey said, “Here we have a very representative group of people. The first generation did trading, the second generation did public chains, and we are standing on their shoulders to do the application aspect.”
Odyssey is a blockchain company which aims to bring the sharing economy onto the blockchain, letting it be decentralised and have a reward system.
She added, “Even though I believe strongly in sharing economy, I’ve yet to see a truly profitable model. It’s not very successful yet, but it does generate a lot of hype in the market. Using blockchain to improve the sharing economy is a way to start, but in reality we are very far from achieving it. It’s a long term goal that we are not able to accomplish by ourselves. It can only be accomplished together with the first two generations.”
Katherine conceded, “The technology is indeed too far away from application.”
The prevalence of money-mindedness in the industry was also denounced and derided.
Half in jest, Zhou Hongming said, “A lot of young people achieved financial freedom early, and became wasted beings.”
Gaven Zhou added, “Cryptocurrency has exposed a lot of inherent problems with humanity. Most people are only involved in coin trading.”