On March 9, Zhao Changpeng forwarded Kuai Dong's disclosure article on market maker Web3Port, with the focus of the articles including: May Liu and his team have built a "Binance Brokerage Pipeline" from Spark Digital Capital to Web3Port to Whisper. Initially, Spark operated in the name of VC, and actually relied on market outsourcing +FA business, allowing VCs to invest in projects and obtain free tokens by themselves. 21. After 22 years of industry internal conversion, the project parties were unwilling to give tokens free of charge. They turned to the incubator model and established Web3Port to provide project packaging and VC docking in exchange for 1-3% tokens. But it is impossible to cash out by incubator alone, so the market maker Whisper was established, in the name of market maker, but in fact it created a shipping window for the free tokens in his hands. In the end, this system became a complete assembly line from packaging financing to exit, and Binance retail investors became the final buyer.