Tag Archives: crypto

Hackernoon Meet the Writer Anndy Lian: “Let’s work together to make crypto better”

Hackernoon Meet the Writer Anndy Lian: “Let’s work together to make crypto better”

This story is a part of Hacker Noon’s Meet the Writer series of interviews. The series is intended for tech professionals contributing the most insightful Hacker Noon stories to share more about their writing habits, ideas, and professional background (and maybe a hobby or two).

If you too would like to start contributing to Hacker Noon, you can do so here.

 

So let’s start! Tell us a bit about yourself. For example, name, profession, and personal interests.

My name is Anndy. I’m a business strategist and experienced serial entrepreneur with over 15 years of experience in Asia. I’ve worked in various industries for local, international, and publicly traded companies. I am currently Chairman of BigONE Exchange and Chief Digital Advisor at the Mongolian Productivity Organisation.

I’ve also written a best-selling book titled “Blockchain Revolution 2030”. With my co-authors, we share insights on how blockchain technology plays an important foundation for the Fourth Industrial Revolution.

I recently joined the EG Association, a social impact-driven organization that aims to use cryptocurrency to do good. To date, we have deployed more than $3 million supporting social impact initiatives on the ground.

 

Interesting! What was your latest Hackernoon Top story about?

My recent article focused on the rise of so-called reflective tokens, which are starting to be used more and more by crypto startups, such as SafeMoon. The tokenomics model differs significantly from that of other DeFi tokens. In simple terms it works by automatically charging a tax, which is usually 10% on each transaction.

The reflection mechanism is a relatively new concept in cryptocurrency circles, and it still requires a lot of fine-tuning before it can be widely adopted by other projects. However, in principle, it reduces panic selling to a bare minimum, which could be significant for the DeFi industry.

 

Do you usually write on similar topics? If not, what do you usually write about?

I think it’s important to write about the diversity of subjects in the blockchain and crypto industry, as it’s a sector that growing so quickly and with a lot of opportunities. I’m fascinated about ‘connecting the dots’ between business and technology, a great example being the use of DeFi and NFTs in developing an open metaverse.

 

Great! What is your usual writing routine like (if you have one?)

Before starting to write I believe it’s important to have a routine for reading each day. I try to find time to catch up with the main news headlines, as well as the main crypto news sites like Cointelegraph. Then when I come to writing I find that reading helps make my articles both accessible and valuable. I also get my inspiration from the governments that I am advising, their problems and questions become part of my writing content too.

 

Being a writer in tech can be a challenge. It’s not often our main role, but an addition to another one. What is the biggest challenge you have when it comes to writing?

The challenge is often one of translation, explaining technical details around say a new form of tokenomics to an interested but non-technical audience such as crypto investors.

 

What is the next thing you hope to achieve in your career?

I want to share the right kind of crypto knowledge with people. Right now many of the people I see in various communities are not being real. Some of them want their government to be decentralized, others want to be rich overnight by doing nothing, then some others are just here to create FUDs. If proper information is being shared and the users are aware of what is really happening, such ‘behaviours’ would be minimised.

Maybe this is not a career goal, it is more like an industry-wide goal that I set for myself.

 

Wow, that’s admirable. Now, something more casual: What is your guilty pleasure of choice?

Since getting grounded and not being able to travel, I have been very involved in donations and charitable works. In fact, those who know me, know that I am donating more than I spend. My guilty pleasure, for now, is walking into Hermes, buying a few pairs of shoes instead of donating. Then again, Zoom meetings did not need me to travel much, maybe a comfortable Uniqlo t-shirt would do just fine.

 

Do you have a non-tech-related hobby? If yes, what is it?

I enjoy travelling, meeting new people from all walks of life, and sharing ideas.

 

What can the Hacker Noon community expect to read from you next?

I’m always on the lookout for new topics in crypto and blockchain that illuminate and inspire my readers! I might be talking more about metaverse and gameFI. Let’s see.

 

#Thanks for taking the time to join our “Meet the writer” series. It was a pleasure. Do you have any closing words?

“The time is always right to do the right things.” I hope to gather more like-minded people to do that together for the crypto industry. Let’s work together to make crypto better!

Lastly, it’s great to join the Hacker Noon community and to share my writing on crypto and blockchain.

 

Original Source: https://hackernoon.com/meet-the-writer-anndy-lian-lets-work-together-to-make-crypto-better

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Reflection Mechanism and Crypto: A Deep Dive

Reflection Mechanism and Crypto: A Deep Dive

The concept of the reflection mechanism was newly introduced into the cryptocurrency space a few months back. A reflection mechanism can be defined as a process in which tokens act as a self-generating mechanism for their holders. As every transaction is taxed you receive tokens automatically simply by holding the token. The reflection mechanism was developed with the hopes of transforming the concept of yield generation in the DeFi ecosystem.

 

How it works

These DeFi tokens use a static reward system, which means that every transaction made with tokens that use this mechanism is ‘taxed’. This means that a percentage is added to a liquidity pool for every transaction, and another portion is set aside for redistribution among token holders. As a result, the value of these tokens is self-generating and aims to promote a ‘hold and earn’ culture, which reduces selling pressure. The reflection mechanism is accomplished through smart contracts, which automate the token redistribution, and all those holders need to do is manage the wallet in which their tokens are stored.

 

Projects adopting reflection mechanism

Since the reflection mechanism concept was conceived about eight months ago, many new players have begun to enter DeFi, incorporating this mechanism into their offering. Most of these projects have made significant progress in the last few months, with SafeMoon being a particularly significant project. It was launched on the Binance Smart Chain (BSC) only five months ago and has quickly risen to become the third-largest token in the ecosystem by market capitalization. On their website, SafeMoon list the reflection mechanism as one of their core components, explaining their rapid adoption in cryptocurrency circles.

 

Investor concerns and community support for SafeMoon

The risks and rewards of SafeMoon’s reflective token model haven’t been lost on the larger investment community. In a recent NASDAQ article about the new cryptocurrency the author concedes that one of its attractions with the individual tokens costing so little, “you can get over a million Safemoon with just a few dollars. It also has an interesting hook of charging a fee to anyone who sells and distributing half of that fee to Safemoon holders. This is designed to benefit those who buy and hold.” Coming under more scrutiny is the way the selling fee mechanism works, with a 10% split between existing holders, and the remaining 5% allocated to the liquidity pool. The issue identified by security platform CertiK is that an owner address acquires the pool tokens – giving them control over the tokens funded by the seller fee. Despite these criticisms, there is strong support from investors in Reddit, notably a recent post from user @commecon in the SafeMoon subreddit which argues that the ‘FUD’ around SafeMoon is similar to that which surrounded Dogecoin, and concludes that, “Safemoon is the best investment I’ve ever made. I just need to keep HOLDING.” In contrast, another contributor points out the “lack of transparency and clear communication.”

These concerns surfaced recently regarding the planned launch at the end of August of a mobile iPhone and Android app; plus, the movement of a large quantity of Safemoon tokens, highlighted in a report in Reddit. In response on Thomas (‘Papa’ @papacthulu) from the Safemoon team tweeted: “The chain is obviously transparent, I’m not hiding, the contract owner address was used entirely for business purposes. At no point was a transaction made with the owner address that wasn’t approved by others.” While on the wallet app issues the main Safemoon Twitter account reassured the community that despite delays, the wallet launch was on track: “We truly have pulled together as a community in regards to the #SAFEMOONWALLET launch our beta testers are testing through the night while our Devs continue to work up a sweat! The launch is in sight.”

 

Merits of the reflection mechanism

While the reflection mechanism was designed to address issues such as selling pressure and excessive price movements, other key issues addressed by the reflection mechanism include:

● Security: because fee generation and distribution are combined into one smart contract and do not require approval from any external interface, assets are very secure.
● DeFi yield generation: the reflection mechanism automatically awards bonuses, allowing holders of reflection tokens to use their tokens for staking and other yield generation purposes.
● Fair distribution of earned tokens: because the distribution process is automated, it is based on the number of tokens held by each user at the time.
● Buyback and burn mechanism: to ensure the longevity of their tokens, some reflection tokens use the reflection mechanism to automatically conduct buybacks and burns. This causes a deflationary effect, reducing supply and increasing the value of the tokens in circulation.

 

The allocation model of reflection tokens

Reflection tokens’ allocation model differs significantly from that of other tokens in the industry due to the mechanism they employ. It works by automatically charging a tax, which is usually 10% after each transaction. This tax is then redistributed and shared among liquidity pools, marketing and development fees, and holders of reflective tokens. This is done to improve the allocation model’s transparency and to keep the respective communities informed. All wallets that receive a percentage of this tax are publicly available on the blockchain for effective tracking and accountability.

 

Reflection tokens’ advantage in a bear market

Based on the current cryptocurrency market outlook, there are indications of a bear market in the works, which would significantly impact cryptocurrency prices, with the majority of cryptocurrencies experiencing a significant decline due to a high volume of sell orders from their holders. In this context reflection token holders benefit from having a distinct advantage in a bear market. Despite implementing a self-generating income mechanism, there is still an incentive to hold despite price fluctuations, thanks to the ‘hold and earn’ mechanism and associated culture it promotes.

 

On reflection mechanism

The reflection mechanism is a relatively new concept in cryptocurrency circles, and it still requires a lot of fine-tuning before it can be widely adopted and implemented by other projects. However, in principle, it reduces panic selling to a bare minimum, which potentially could be significant for the DeFi industry. The litmus test is the performance of such tokens in the market in the medium to long term. At this juncture, such tokens appear an exciting experiment, which are certainly worth taking a closer look for your crypto asset portfolio.

 

 

 

 

Source: https://hackernoon.com/reflection-mechanism-and-crypto-a-deep-dive

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Changing the Crypto Landscape: A New Era With ‘Reflections’

Changing the Crypto Landscape: A New Era With ‘Reflections’

First and foremost, I’d like to discuss the concept of reflection in the context of cryptocurrencies, before looking at the centralised exchanges (CEXs) and how they’re going to have to adapt to accept reflection tokens as they become more common. Furthermore, I will discuss the challenges that CEXs have in onboarding reflective tokens, the solutions that have been developed, and how reflective tokens have the potential to change the way cryptocurrency is used throughout the world. In addition, I will talk about SafeMoon, which was the first project to employ reflective tokenomics; and finally, I will review Tiki Token, which is the first BNB redistribution auto-claimed token.

The Reflections Concept in Cryptocurrency

Yield farming, staking, and liquidity mining have all swept the market in recent months, due to the significant growth the DeFi ecosystem has experienced. With investors generating interest on their tokens by simply ‘locking’ them as deposits for certain periods of time. While in theory this is appealing, these techniques have one disadvantage: irrevocable loss of the asset. Even if you earn interest on your crypto assets, if the value of the underlying token changes dramatically, the value of your tokens will rise far less than if you simply retained them. As a result, we’ve seen widespread acceptance of reflective tokenomics, often known simply as reflection, a distinct idea that aims to alleviate the difficulties associated with farming rewards. The reflection concept is volume-dependent. This mechanism alleviates the negative sell pressure on the token caused by early holders liquidating their holdings. The reflection mechanism also incentivizes holders to retain their tokens in order to earn larger returns that are proportional to the holder’s token holdings. The reflection system actually doubles the profit for holders that keep their tokens the longest.

Reflection works by charging a penalty tax (usually in percentages) to each transaction and distributing the fee to all token holders according to the percentage of assets they are holding. Holders do not need to stake or wait for the fee to be delivered. Fees are awarded by smart contract and are in most cases immediately reflected in the holder’s balance as tokens, or more recently as BNB as we will discover a bit later in this paper, when we look at the Tiki Token. There is no action required at your end other than to keep the token in a wallet that you control.

Real Decentralisation

The majority of DeFi business models need users to stake or deposit their tokens in a contract in order to receive a yield. In addition to generating yields from transaction fees, reflective token holders can make use of their tokens in third-party lending, yield farming, and other smart contract related activities, allowing them to earn even greater yields. A new set of techniques is provided by the reflection smart contract capabilities to enable staking contracts to simply determine the fees received by each holder over any length of time, even when money is pooled together. This is a significant advancement because it allows for direct staking of tokens, as well as double yield generation.

Major Innovations in Reflection Tokenomics

New innovative features have continued to spring up daily with this new tokenomics. Let’s examine a few of them here; the first serves a dual purpose for holders by mopping up tokens from both buyers and sellers, and adding them to the liquidity pool, to establish a stable price floor for the token. Secondly, the penalty function, can be used as an arbitrage-resistant mechanism to ensure that the token’s volume remains stable as an incentive for holders. In principle, the additional liquidity pool provides stability by adding the ‘tax’ to the token’s total liquidity, therefore raising the token’s overall liquidity and sustaining its price floor. Lastly, the burn function, which serves to create scarcity resulting in a decrease in token supply.

CEXs Involvement To Accept Reflective Tokens

Reflective tokens like Tiki Token and SafeMoon are the two main tokens I will be looking at in detail much later. The concept underpinning reflection in cryptocurrency is as building blocks for new and existing crypto projects around the globe. Reflections are a component of the ‘tax’ that we pay for using the token. This ‘tax’ is referred to as its tokenomics, a certain percentage of the activities that goes on in the token (buy, sell, or transfer) is dedicated to these tokenomics. For example, SafeMoon and Tiki Token charge a 10% and 15% fee respectively; in SafeMoon, half of it is allocated to liquidity, while the remainder is allocated to reflections. Whereas in Tiki Token, 10% is redistributed and 5% goes to the liquidity pool. The percentage going to holders is shared equally between all holders according to their stake in the token. If you own 2% of the token for example, you will receive 2% of the amount redistributed to holders. The burn wallet which contains the most, receives the most reflections and will gradually expand in size.

This is how it technically works. However, reflective tokens have exploded in popularity and are currently available on a growing number of exchanges (with more to come), such as SafeMoon. These exchanges are increasingly interested in these tokens, driven by the growing desire from token holders to make these tokens simpler to purchase on more centralised exchanges, such as Binance, Bitfinex, and others. Developers will have a key decision to make, either increase the simplicity of purchasing these tokens (by adding additional exchanges) or lose the race entirely. It appears they have decided on increasing the number of exchanges and spreading these tokens to a larger number of individuals. Was it the best decision? In my opinion, yes.

Pain Points for CEXs to Onboard Reflective Tokens and Their Solutions

Decentralized finance (DeFi) is a blockchain-based financial infrastructure that has lately attracted a lot of interest. The concept typically refers to an open, permissionless, and highly interoperable protocol based on public smart contract platforms, such as the Ethereum, Tron or the Binance Smart Chain. Smart contract based tokens are the champions of reflective tokenomics and as a result, a transaction does not need a third party or an intermediary to be executed. This has made it possible for users to trade one kind of token for another without the need for an intermediary; while other users who stake their tokens in liquidity pools earn a portion of the transaction rewards. DeFi that is anchored on smart contracts has brought about innovations like atomic swaps, autonomous liquidity pools, flash loans, zero-knowledge proofs and other numerous innovations demonstrating this ecosystem’s enormous potential. However, for CEXs to onboard this new tokenomics, and avoid the teething problem some CEX’s have with SafeMoon, they will have to solve the following onboarding challenges:

  1. Centralization (intermediary)
  2. Autonomous liquidity pools
  3. Atomic swaps
  4. Static accumulation

For CEXs to evolve to accepting reflection tokens, it is imperative that they establish all the possible ways to onboard reflection tokenomics onto their systems. However, solutions are being found, such as SafeMoon being listed on a CEXs. They can keep track of all the exchanges, and make the fees appear to users on entrance to, and exit from the CEXs; or they can follow Bitmart’s example by accumulating rewards due to ‘HODLers’ and pay them at a set time of the month.

How Reflection Can Change How Crypto Work Worldwide

The strong case to be made in favour of reflective tokens is the key problem it solves for DeFi, the tokenomics concept, and its frequently extraordinarily high token supply that are mostly quadrillion in number; plus the reflection token dynamics, which has the advantage of preventing whales from simply exploiting DeFi projects with low token supply. It also attempts to do this in part by preventing early players from dumping their tokens at the start of the token’s price discovery period. While there are problems associated with DeFi smart contracts such as market risk and price risk, risk associated with trust, security vulnerability, and economic risk associated with its design. However, reflection tokenomics is suited to addressing these issues and mitigating the associated dangers. Consider how reflective tokens mitigates each of the risks I’ve outlined above:

Price and market risk: there are inherent dangers of crypto currency trading as in any open market. No one can guarantee a certain yield or can remove this danger.

Risk associated with trust: there are no monies available to the community that may be mishandled. There may be no need for initial coin offering or pre-sale, and no crowdfunding. There are no treasuries or banks.

Security vulnerability: fee generation and distribution are integrated at the centre of the smart contract. Everything is written in the code and accessible and readable by everyone. Nothing’s hidden, everything is transparent.

Economic risk associated with design: earning yield through network fees is a proven technique of generating revenue.

However, if cryptocurrency continues to experience the surge it has seen in last decade, particularly over the past twelve months characterised by the bull run, it’s de rigueur for major players like the CEXs to move in the direction of tokenomics protocols which are designed and implemented in order to discourage the sale of tokens and encourage ‘hodling’. This will encourage traders to rethink their decisions before selling the assets, and it will provide an additional benefit to existing asset holders. This technique seeks to prevent the pump and dump we have seen so far in the crypto market, that can result in significant price fluctuations and possible market collapse in the future.

SafeMoon Was the First Reflection Token That Introduced This Tokenomics

By offering reflections, SafeMoon recognises and compensates long-term holders. Traders who sell, purchase, or transfer tokens will face a 10% penalty tax on their transactions. The remaining 5% of this tax is subsequently divided between holders as follows:

  1. All holders get tokens redistributed according to their holdings.
  2. The burn address is a holder: it gets 41% of the 5% reflections, resulting in a 2.055% burn.
  3. The remaining 2.95% is distributed proportionately to all investors based on their current holdings.

Five per cent goes to the Pancake Swap for liquidity pools. So ideally, 5% of the total is allocation goes to reflection rewards, while 5% is allocated to liquidity pools. Half of the 5% that is delivered to liquidity pools is converted into BNB in order to maintain the liquidity of the SafeMoon and BNB pairs. A portion of the transaction fees and a portion of the penalty transaction fees is distributed to the current token holders. SafeMoon is composed of three fundamental components:

1. The reflection: a fee is imposed on SafeMoon transactions at this point, and the fee is subsequently distributed among token holders.

2. The second component is where a fee will be paid on transactions that is distributed to various liquidity pools on platforms such as SushiSwap, PancakeSwap and a host of others.

3. The third component is a token burn that occurs at the conclusion of each transaction.

SafeMoon is built on the Binance Smart Chain, which employs proof-of-authority as its consensus mechanism to achieve its goal of decentralization.

Tiki Token: the First BNB Redistribution Auto-Claim Token

Tiki Token ($TIKI), the largest BNB reflection token and the only one that enables auto-claim, has emerged as a result of the reflecting tokenomic principles. Maintaining a positive balance of $TIKI tokens in your wallet is all that is required to earn BNB. This is part of the next generation of a Binance Smart Chain yield-generating contracts. Instead of receiving tokens as compensation, you will receive BNB instead. The token contract is based on a static incentive structure in which 15% of each transaction is divided into two parts: the first is allocated to the token contract, and the second is allocated to the blockchain. Around 10% of BNB is redistributed to holders, with the remaining 5% utilised to expand the liquidity pool exchange’s capacity. The Tiki Token contract utilises a static reward system in which 15% of each transaction is split into two parts:

  • Ten per cent of BNB is redeemed by holders.
  • Five per cent is used to fuel the growth of the liquidity pool exchange.

The contract keeps track of all token holders by storing them in an array and tracks the array indexing for the sake of processing. Each transaction handles a specific number of users, which varies depending on the transaction’s size. According to the dividend-paying token standard, all BNB contract profits will be divided evenly among token holders if the token follows the rules of the standard. The contract examines the balance of a user’s withdrawable dividends as they are processed and, if it exceeds the minimum level for auto-claims, either automatically claims those dividends for BNB or automatically purchases the users’ tokens. This system is completely automated, and there are no minimal gas taxes proportionate to the amount transmitted, as there are with other systems. The number of holders processed via each transaction is dynamic and is determined by the amount of the transaction. According to their place in the queue, holders will receive dividends from the pool of investors. It is therefore a fair method that is completely automated.

Other Redistribution Models

Traditional redistribution is a position advocated by SafeMoon. The system encouraged token holders to retain their tokens in order to reap the benefits of transactional dividends (buys and sells). The percentage of tokens distributed is determined by the contract, the current token balance, and the total number of holders. In a nutshell, you will instantly receive additional tokens.

With BNB a transaction fee is applied to each buy/sell order, which is popularised by HODL and GhostFace. Tokens are then converted into BNB and placed into a pool in real time (just like how liquidity pools work). Holders can then submit a manual claim for the BNB they have earned over a specified time period. Their ability to collect BNB is related to their token ownership and the size of the current pool.

Conclusion

Many projects have tried to copy the success and features of Tiki Token since it was released as the first-ever auto-claim BNB on the Binance Smart Chain ecosystem. But while many of these forks have attempted to duplicate the project, most have failed to survive. In comparison Tiki Token continues to grow and develop new features, maintains a clear roadmap, and has a vibrant community of developers and users. Tiki Token has clearly blazed the trail and gone on to become a market leader in the BNB auto-claim redistributed concept in the crypto space. A few of the other successful projects include Baby BNB, SafeHaven, and MoonMiner.

With many different crypto plays coming into the market such as reflective tokens it’s worth considering all the options for your crypto assets. For those experienced investors who have already keen participants in the crypto ecosystem, you will find the new reflective concepts worth a closer look. For the newcomers who have recently joined the space, the best approach at the outset is to sit back, watch and learn from videos and supportive communities.

Author

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is the bestselling author of ‘Blockchain Revolution 2030’. Anndy is the Chairman for BigONE in Asia, and the Chief Digital Advisor for Mongolia.

Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and is also as an Advisory Board Member of Hyundai DAC Technology.

Source:
https://thelosangelestribune.com/2021/08/04/changing-the-crypto-landscape-a-new-era-with-reflections/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j