On January 14, 2025, OKX Vietnam Da Nang’s “OKX New Year’s Eve Dinner” event officially opened. "OKX New Year's Eve Dinner" is a special event held by OKX in Da Nang, Vietnam for industry builders. This event focuses on core topics such as OKX's latest product planning, industry hotspot analysis, and experience sharing, and is committed to providing in-depth exchanges for global cryptocurrency enthusiasts. A platform for collision of thoughts and ideas to welcome the New Year together.

OKX CEO Star attended the event via video connection and delivered an impromptu speech, conveying his profound reflections and future prospects on the development of the industry.

The following is the full text of Star's speech (edited):

I am very happy to present it in the form of a video I see you all, many of you are my old friends, and many of you are netizens. I welcome you all to travel thousands of miles to participate in OKX activities.

1. "Cryptocurrency" should not be used as a derogatory term. The Crypto&AI industry has a bright future

I have been involved in the Crypto industry for more than ten years and have witnessed Changes in people’s understanding of Bitcoin and the crypto industry.

For example, an intriguing phenomenon: many people translate the English name of our encryption industry "Crypto industry" into Chinese "coin circle". If "Crypto industry" is a complimentary word with positive meanings of technological innovation and economic empowerment, then "currency circle" is more like a neutral word. In reality, many people even give the “currency circle” a derogatory connotation. For example, if someone enters the crypto industry and starts over after failing to start a business, they will be evaluated as "this person has now gone to the cryptocurrency industry."

This semantic gap coexists with the public’s prejudice against the industry. It is an issue that the encryption industry needs to face urgently. In my opinion, there is no difference between the "currency circle" and the "car manufacturing circle", "mobile phone circle", "live streaming circle", etc. Each of us practitioners in the "currency circle" should hold ourselves to high standards in our words and deeds to break and reshape the public's positive perception of the encryption industry. When the core of technology is reduced to the label of hype and speculation, the long-term value of industry development is also easily misunderstood or ignored. And this bias is not accidental, but the result of complex social, economic and cultural factors.

Having been involved in the encryption industry for decadesAfter that, I deeply realized that the encryption industry is a vibrant industry driven by technology, full of innovation and vitality, and supported by global regulations. Crypto&AI will become one of the industries with the best commercial technology development in the world in the next ten years.

So I would like to appeal to everyone. If you want to maintain the reputation of the "currency circle" or the "crypto industry", you need to start with your and my words and deeds, and respect those who work in the industry. Peers, ultimately build us into an innovative, technological, and sunny industry.

2. OKX’s Token Listing and OKB are concentrating on construction, requiring themselves to use high compliance standards

In 2024, OKX has achieved many dazzling achievements globally. Achievement. However, the focus I want to talk about will not be on showing off achievements, but on a candid analysis of OKX’s shortcomings and problems.

Many people describe OKX as a "different" or even "pretentious" company. This evaluation is particularly prominent in OKX's Token Listing. Compared with the asset listing models of other platforms, OKX maintains a highly restrained attitude in asset screening. It can be said that we are not radical.

In our opinion, Listing is a process of discovering high-quality assets, but when we cannot judge the quality of the assets, we would rather choose not to recommend them to users. This cautious choice often makes us appear "tangled" and also triggers controversy about our conservative style from the outside world.

Behind this caution is not only a deep consideration of the interests of users, but also OKX’s adherence to “corporate genes” and “values.” Although this attitude may lose some market competitiveness in the short term, in the long term, this restraint provides a more solid foundation for the healthy development of the industry. We also acknowledge the success of other platforms in this regard, but different companies have different "corporate genes" and "values." OKX is learning and improving to balance the tension between user needs and company values.

Another controversial topic is OKX’s platform token OKB. In the industry, many companies choose to use short-term means to increase token prices to stimulate market enthusiasm, but we never predict the price of OKB, nor will we adopt a short-term increase strategy. I would like to say that OKB is just like the long-term value philosophy of Bitcoin. Looking back in the past, Bitcoin of $1,000 or $10,000 seemed extremely expensive, but now it seems really cheap.

We are responsible to our users and respect the overall compliance environment of the industry. The highly regulatory nature of the encryption industry makes price predictions likely to involve the risk of violations. Therefore, OKX is more inclined to promote OKB’s actual usage scenarios and transparency To increase its intrinsic value, for example, in the future, we will promote the construction of the X Layer public chain and clearly and publicly display the number of OKB held by OKX.

OKX's future development will still adhere to restraint and caution, respect the rules and assume responsibility, and promote the symbiotic development of technology and ecology. OKX will not only continue to optimize technology and products, but also listen to market feedback with a more open mind and work with Industry partners work together to build a more transparent, fair and sustainable encryption ecosystem

In the future, OKX hopes to reverse the outside world's stereotype of us as "not close to the world". I hope to start from myself and learn, grow and develop with our partners, and ultimately make the encryption industry an industry based on technological innovation and value. Drive the core field, rather than the market that is hijacked by short-term interests.

3. Concentrate on products and enjoy the dividends of industry development

In the past many years, no fund I know has been able to outperform Bitcoin in profitability. Industry participants should be wary of the superstition of "wealth passwords". The development dividend of the industry is the biggest opportunity. I'm just kidding , “If you don’t have 10 Bitcoins, don’t say you are a KOL. If this is used as the standard for industry practitioners, I believe the industry will not let us down. ”

The market size of Bitcoin is currently only one-tenth of the gold market, but the scale of capital inflows of Bitcoin ETFs has exceeded that of gold ETFs. This phenomenon It is not only a verification of the value of Bitcoin, but also shows that the future development potential of the industry may be as high as a hundred times. Establishing a consensus on the holding and understanding of Bitcoin is a basic threshold for industry practitioners and investors.

Bitcoin’s value anchoring and Ethereum’s ecological potential are the twin engines that drive the long-term growth of the industry, but this does not represent investment advice. It can be said that "there must always be Bitcoin, and within the scope of accepted investment, participate Industry is a sense of accomplishment. ”

So, returning from the grand narrative of Bitcoin to the reality of the industry, OKX has achieved a lot in recent years, in addition to the creation of Web3 wallets and exchange products We also have a "secret business line" that will be launched in February this year. The current product is not completely satisfactory and is still being polished. I hope that in the future, OKX can be truly integrated into users' daily lives and cover the world. manyindividual, allowing users to experience seamless services. Especially now, OKX has obtained licenses in many places around the world and has opened up local bank cards. This product will directly address the core pain points of the industry - such as the smoothness and convenience of global deposits and withdrawals, and achieve more technological innovations.

Thank you.

Disclaimer

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