We’re seeing more and more second-time and third-time founders in the space. They’ve worked with MMs before. They’ve formed opinions about how those guys operate. That’s what drives these conversations.
Most founders fit into one of two camps.
- Technical founders: They’ve been handed the job of assessing market makers, they’re looking at the numbers.
- Marketing founders: They think about liquidity in terms of token performance, distribution, and demand.
If they’ve worked with an MM before, the technical founder can usually already tell me what frustrated them. The marketing founder has a sense that something isn’t right, but can’t always articulate it.
Once we lay out our model—how the deal structure works, the transparency, how it actually makes their life easier—they get it. That’s when they switch.
Our dashboard is the proof. Most of them haven’t seen anything like it. They check it a couple of times a day at first. After a few weeks, they barely need to. They already know we’re doing a good job.
“By making market-making clear, simple, and transparent, LO:TECH transforms an often obfuscated process into a straightforward service.” - @FactionVC#seed#Crypto#Innovation
“This investment from Faction - a team known for backing disruptive, entrepreneurial teams - is validation of our vision.” - Tim Meggs, CEO of LO:TECH. 🚀 #Crypto#Blockchain#MarketMaking
I'm incredibly grateful to be building @lo_tech with such talented co-founders and team, and now with the expert backing of @FactionVC and our other amazing investors.
We're excited to revolutionise what it means to be a top trading and liquidity provision business within crypto.
If you're a crypto project need of a different approach to managing your token's liquidity on exchange, or on-chain, then reach out, we have special something for you.
#defi #hft #Crypto
🧵 Back in 2018, @EvgenyGaevoy of @wintermute_t wrote a fantastic article on why token projects need good market makers—a piece that still holds up. But in 2024, the market-making landscape has evolved drastically. So, what’s changed?👇Let’s dive in: https://t.co/RRLlJt9i7V
No customers were hurt by Binance’s misdeeds. Suffice to say, HUGE difference from FTX….reason why Sam is going to jail for decades and CZ’s gonna be drinking pina coladas on a beach somewhere
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
Decided to liquidate all my $BNB assets and mint one final 365 day @holoclear glizzy. If these lads pull off what they're promising it could be a very nice little play at these prices.
Not gonna shill again since frankly I want the exit liquidity from their buy backs for myself.
🔅Secured $40 mil Venture Capital to be traded 🔥👌
🔅Join this train while there is such a tasty mint price .
🔅Use #bnb to take part in this journey.
🔅2023 is accumulating time .
🔅2024/2025/2026 could be life changing gain’s and #PassiveIncome@holoclear#RealYield
@Bitstamp Quantitive Hedge Fund strategies utilising the crypto market. Genuine sustainable #RealYield anyone? Get ready for 2024 now. Welcome to Wealth 3.0. https://t.co/bMuQIOwV0f @holoclear https://t.co/esCER2lhLL
HOLOPOD 013 is now live
https://t.co/co05ltrzh6
HOLOPOD 013, released on Wednesday 17th May 2023, features:
- Introduction and discussion on the current market
- Update on trading
- An exciting update on a potential new opportunity
- Update on HOLOPOOL and community activity
well no because
*brings the mic closer*
every ten years your $HOLO in your wallet actually completely 10X.
I was reading this Holodoc about how @holoclear can actually advance this process by 6 years because your #HOLOYIELD - Set could you get that article up? yeah but it’s because your HOLOYIELD can actually make your HOLO rejuvenate faster…here we go
*looks over at screen*
look at that…
yeah that chimp must be what? 400 pounds?
Jesus those things will tear you to shreds
The #passiveincome#DeFi stars @holoclear just made a short announcement on their tg channel (link in the replies) with some of the stuff going on with $HOLO behind the scenes. Everything is coming together nicely for this #100xGem backed by #RealYield.
Summary in this 🧵