1. The End of the Road
The market cycle of the currency circle from historical experience, divided into two kinds, one is activated mad cow, the other is into a long-term fall of the big bear market.
We are experiencing the second kind of industry winter. From 19,000 DOLLARS in December of 2017 to 6,500 dollars now, the overall decline has reached 65%. Participants who focus on value investment have been frustrated in their confidence and criticized. Over time, the currency circle has become a circle of gamblers and speculators, we embrace the psychological fluke to follow the wind, chasing up and down, not only hurt themselves, but also want to drag the entire industry into the water. Speculators weaken the due function of tokens in an ecosystem, and in the process of selling, they fundamentally violate the original meaning of the blockchain token economy.
Many friends around the author are already full-time coin speculators. Compared with doing nine-to-five jobs and getting thousands of dead wages, the profit of coin speculation several times makes them desperate. Xiao K, who works in a state-owned enterprise, feels that the monthly price of 6,000 yuan is no better than the daily stimulation of ten thousand yuan, so he can’t sleep at night watching market fluctuations. One day finally, small K anticipates the opportunity that is once in a hundred years at the moment, bet went up whole body family belongings. In one fell swoop, the king is defeated, bearing huge domestic economic pressure, concealing his parents’ wife. The family did not know that small K has left voluntarily, now in the full-time stir-fry currency. Until now, the small K face on the zero coins, but also open-minded indifferent smile: “sold what have no, keep maybe one day it can rise 100 times!”
People can resist bear market, the worst is to waste time, as soon as the market recovers and rises to 10%, everyone starts to get excited, Shouting the end of the month bull market. In the rush to succeed and make money as quickly as possible, people forget the essence of investing: to make money, you need to understand the market and take responsibility for your investments.
There is no love in this business. Running away, rolling money and leaving, cutting leek, has become the label of blockchain, as if everyone holding it is pretending to be wearing the coat of technology, but doing indescribable things, and people outside the industry do not want to contact this industry.
Major manufacturers sell at fire-sale price
In the first quarter of 2018, the number of blockchain media visible to the naked eye exceeded 300. According to incomplete statistics of Zhilianfinance, 15 of them obtained financing, with the amount of financing reaching 245 million US dollars. All kinds of financial media with luxurious appearance are coming out, and blockchain parties are emerging one after another. Bear market in the project side of the road are quiet, the media closed the stall and left, wishful thinking overnight rich leek who can not even find the project side of the people.
However, the good times did not last long. In July this year, the People’s Bank of China continued to clean up and rectify the domestic virtual currency trading venues and initial coin offering (ICO) activities, including organizing the blocking of “overseas” virtual currency trading platforms. By May 2018, 110 websites, including trading platforms such as Huobi and Binan.com, had been blocked. At this time “high force case” the real media just surfaced, we found that do market analysis began to tell fortune, do information began to sell health care products, do community began to quarrel.
According to incomplete statistics from Chaintower Think tank, since April, the monthly growth rate of job Posting in the blockchain industry has dropped from 17% to 9%. As market sentiment wanes, golden collar workers are being laid off and even willing to take automatic pay cuts of up to 20 percent.
After reaping nearly 300 million yuan in research and development expenses, Xunlei’s blockchain business Lianke was publicly sold on September 17, 2018, only earning a net profit of 4.785 million yuan (the second quarter of this year). No open source, only throttling, the major manufacturers at fire-sale prices no one to pay.
3.ONEROOT grows against the trend
At the same time, ONEROOT, who was engaged in infrastructure construction in the industry, saw an opportunity in the cold winter of the industry and absorbed a handful of technical talents in the blockchain industry. The whole team was in full swing and quietly expanded from 10 to 130 core staff. It seems that ONEROOT’s development speed is always faster than expected. The slow growth of the team makes the office space quickly saturated. On November 12, ONEROOT officially moved into the Asia-pacific Blockchain center, preparing for more crazy expansion.
Now, what ONEROOT boasted at that time is being realized step by step. It achieved the commercial implementation of decentralized exchange and decentralized protocol R1 within one year, and attracted Bithumb, the head centralized exchange, to become the first traffic party to access R1. Allowing Bithumb DEX to tap into more than 12,000 exchanges.
If still don’t know what meaning is distributed, it can analogy the brokerage, you open an account in the galaxy securities trading, and another friend you open an account in guotai junan securities trading in fact are the same, because your transaction data is submitted to the broker, is transferred to the Shanghai stock exchange for, this example may not be appropriate, because we live in a world of block chain, There is no centralized regime, but one constant is that ONEROOT is like the data center of Shanghai Stock Exchange.
With more than 10,000 exchanges competing, how do you take the high ground? Is it still the dominant idea? Competition, survival of the fittest? Let’s try a distributed exchange. The idea of ONEROOT sharing is deeply rooted and it is in the early stage of the industry. Only with the same consensus can we make this thing more perfect.