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Token Reform: from Epic to Epic Fail

For anyone familiar with the Chinese crypto circle, the one buzzword for the past month was “token reform.” The story around it was dramatic, somewhat bizarre even. And reception ranged from rapture, cynical, to contempt. But if you happen to be out of the loop, the following recap might shed some light on what actually happened. First, we need to dial back the clock a bit, to the beginning of July. How Did "Token Reform" Become A Thing? On July 5, FCoin, the Exchange known f

Coin Price Bumped from 0 to $600K in A Day, but Its Founder Has Far Bigger Ambitions

Crypto Asia 100 Vol.2 Last month, a new coin with no asset backup or utility attained a total valuation of $300 million on the second day of its launch. Its sole purpose was to "safeguard" the membership to a chat group. I recently did a followup interview with its founder, Chongge, hoping to learn his design of this coin and the community around it. BIANCA: The past half year saw a crypto bear market. Did you invest in any new project? Or just watched on the sidelines? CHONG