OKEx chief working officer Andy Cheung introduced Jan. 7 that he has resigned from the cryptocurrency trade to type a brand new blockchain consult
OKEx chief working officer Andy Cheung introduced Jan. 7 that he has resigned from the cryptocurrency trade to type a brand new blockchain consultancy institute known as Bitwork. The entrepreneur’s acknowledged purpose is to assist initiatives hook up with markets and drive mass adoption.
Serving to create high quality initiatives
Cheung claimed that his contribution towards the mass adoption of cryptocurrency could be very restricted inside an trade. Subsequently, with OKEx’s blessing, he left to raised obtain these acknowledged objectives with this new enterprise. His inspiration for Bitwork comes from his position at OKEx:
“The query I used to be at all times requested in OKEx was: How can my venture get listed in your trade?… we at all times inform the groups that venture high quality is the important thing… However the way to enhance the standard of a venture? What do the markets want?”
Bitwork goals to assist initiatives reply these questions, by trade partnerships, advisory, advertising administration, branding and public relations, fundraising and occasion administration companies.
Trade listings are key
In response to the announcement, the Hong Kong-based startup “is shaped by a group of skilled blockchain consultants from totally different cryptocurrency exchanges.”
Actually having a previous relationship with an trade would appear to be a profit when presenting shopper initiatives for itemizing. And getting listed on exchanges actually performs a big half within the success of a venture.
As Cointelegraph reported, many are nonetheless ready to pay substantial quantities to make sure visibility on the highest exchanges. For instance, Blockstack reportedly paid $250,000 to be listed on Binance for a yr, and can decide to round $1.1 million in charges over a 4 yr interval.