On the occasion of the Dragon Boat Festival holiday on June 27, Karl, Chairman of the Hotbit Governance Committee, was invited to share in the Cryptogeek AMA.
Karl exclusively shared how as an investor, you can follow Hotbit and seize the opportunity of sector rotation?
At the same time, Karl also brought insights on investment opportunities related to Polkadot, Filecoin and ETH 2.0, and directly discussed how to view market hot spots and seize opportunities?
The following is the content of the AMA Q&A session: Cryptogeek: As an exchange that specializes in overseas markets, Hotbit supports hundreds of crypto asset transactions and has the richest variety of technical assets in the industry. Please introduce the development of Hotbit's overseas markets.
Karl: Hello everyone, I am Karl, chairman of the Hotbit Governance Committee. Thank you for the invitation from Cryptozoology.
There must be many of our users in the group. Here I plan to introduce our trading platform in a less "official" way.
In terms of its own philosophy, Hotbit has been pursuing "decentralization" along the concept of blockchain. Although the current organizational structure is still a company, many features presented by the product will make everyone feel like "decentralized transactions".
platform".
For example, the online digital assets are extremely rich, with 529 assets currently online, making it the second largest digital asset trading platform in the world; for example, user registration does not require KYC and can be registered with just one email address, protecting everyone's privacy to the greatest extent; for example
, there is no upper limit on the amount of assets you can withdraw, just like a multi-asset wallet; for another example, our App only requires users to have 4 types of mobile phone permissions, and it still protects customer privacy and does not do evil, etc.
The above distinctive features, I think, are the reasons why Hotbit has steadily gained widespread recognition from 640,000 users from 160 countries since its official launch in March 2018.
As we continue to examine the market from a global perspective, Hotbit closely follows popular assets and hot sectors.
Whether it is the popular public chain sectors Holochain, BU, CKB, KDA; the anonymous asset sector Beam, Grin, MWC, UFO; the storage sector Fil (futures and cloud computing power), BHD, MASS; the DEFI sector COMP, BAL, TRB,
Nest; DOT (futures), PCX, KSM, etc. in the Polkadot ecological sector; AXE, IMG, HNS, PGO, and Hotbit in the mining currency sector are basically the first or the first batch in the world to go online, which directly gives us users
The earliest opportunity to make investment choices.
Therefore, "Follow Hotbit and grasp the sector rotation" should be a high-quality shortcut for users who do not have time to study the market but want to seize market hot spots.
Crypto Court: Recently, the rotation within the DeFi sector and between the storage sector has been very dazzling.
Hotbit's asset trading area is also divided into more than ten sections based on asset types, such as DeFi, Polkadot, storage, and mining coins. Karl, please introduce what is the main purpose?
Karl: Hotbit follows the market demand and from the perspective of user convenience, it is the first company on the market to set up asset classification with the concept of "sector" for customers.
Available at: https://www.hotbit.pro/markets.
Sector rotation is actually the inherent nature of traditional financial markets and crypto asset markets.
Driven by leading enterprises or assets, the market began to pay attention to its peers or upstream and downstream, and the attention brought continuous capital input, and then a general rise in this type of assets occurred.
Take the DEFI sector as an example. In fact, everyone has had high expectations for the decentralized exchange DEX since 2017, but its performance has been generally sluggish. Until last year, everyone suddenly discovered that the lending agreement MakerDAO was quietly making a fortune, and the market began to lose control again.
The imagination is gone. Asset issuance (Synthetix), loan protocols (Compound, dForce), oracles (Augur, Nest), and liquidity market making (Bancor, Balancer) have become active, and even a bunch of DEXs have returned to sight.
Taking the storage sector as an example, Filecoin may be the first absolute leading asset with real scale and practical value in the blockchain industry. It has attracted the world's appetite for three years since 2017. In 2018, the market began to speculate on mining machines, with numerous results.
Mining machines that have no coins to mine have invested in projects such as BHD, Lamb, and MASS. This year, as the main network is approaching, the old coins in the entire storage sector have also risen one after another. What’s more interesting is that because the official team often changes technology from big experts
, causing a batch of early mining machines to be basically unable to mine coins due to hardware reasons, and these manufacturers who originally planned to do business were forced to participate in the operation of other storage assets to save themselves. In addition, some manufacturers may
The use of secondary market currency purchases to redeem mining machines sold earlier, and various market behaviors of investment, speculation, and replenishment, have made the current storage asset market particularly lively.