Andy

Partying in Web3

[Andy @_parkandy]

@bigstarm66 😭

[DeSpread @DeSpreadTeam]

[Report] Digital Asset Treasury: From Premium to Multiple

Digital Asset Treasury companies are publicly listed firms that hold digital assets such as Bitcoin as core assets on their balance sheets, while engaging in capital raising and revenue generation. Originating with Strategy, the model has recently expanded to include diverse cases such as Metaplanet and DeFi Development.

• The Archetype of Premium: Strategy’s NAV premium stems from its relatively high accessibility and volatility compared to its underlying assets. Through additional capital raising, it established a financial engineering flywheel that actively capitalizes on this premium.

• Expansion and Differentiation: Metaplanet has adopted a rapid BTC accumulation strategy driven by reliance on specific external capital. Meanwhile, Sol Strategies and DeFi Development have differentiated themselves as operational DATs by monetizing through Solana staking and DeFi integrations.

• Multifaceted Risks: The DAT model contains inherent structural vulnerabilities, including premium collapse (structural risk), dependence on underlying asset prices (market risk), and debt repayment pressure (financial risk). These risks become amplified during bear markets, leading to potential downward spirals.

• Challenges for Sustainability: Mere asset accumulation is only the initial step toward securing working capital for business operations. To build sustainable market presence, DATs must engage in active asset management or develop new business strategies utilizing digital assets. On-chain and off-chain monetization models, along with platform-based businesses, are essential for converting temporary premiums into sustainable market multiples.

The full report "Digital Asset Treasury: From Premium to Multiple" written by @Earl_Senor and @Touslesjours_70 can be accessed through the links below⤵️

ENG: https://t.co/CVoLzt1skX
KOR: https://t.co/fE52EXtVWL
JPN: https://t.co/IyC0Ji0557

[Andy @_parkandy]

@jasonyeah0503 @asclubnft @Alucard_eth @EclipseFND @akachacolate @0xtaetaehoho 헉..

[Andy @_parkandy]

@harperkim_now @writtenterribly @boundless_xyz @soonlidaero 야핑을 위해서라면... 한수 배웁니다!

[Jasonyeah | DeSpread @jasonyeah0503]

Korean Mindshare on pre-tge

DeSpreadLabs monitors more than 900 Korean TG chat and analyzes the data to measure mindshare.

Most Korean retails are more active on TG than on X.

1st: @AbstractChain
2nd: @AlloraNetwork
3rd: @Backpack
4th: @boundless_xyz
5th: @monad_xyz

[DeSpread @DeSpreadTeam]

[Report] A Strategic Framework for the Coexistence of the Three Pillars of Digital Currency

This report aims to analyze the global issuance and circulation mechanisms of digital assets that claim to function as legal tender, and to propose regulatory directions and growth strategies that should be adopted by Korean policymakers and industry stakeholders. Readers in other jurisdictions are encouraged to interpret the findings within the context of their own regulatory environments.

Key Points
- CBDCs and stablecoins are not substitutes but complements, reflecting the traditional dual structure of central bank money and commercial bank money in a digital context.
- Bank-issued stablecoins are optimized for wholesale settlement and institutional trust, while non-bank stablecoins serve retail economies and Web3 ecosystems—together forming a parallel framework.
- As demonstrated by initiatives like Project Agorá, CBDCs are essential for cross-border settlement due to their legal finality, protection of monetary sovereignty, and governance neutrality.
- To balance monetary sovereignty with innovation, Korea should pursue a dual-track approach: allowing non-bank stablecoin experiments within regulatory sandboxes, while promoting institutional stablecoins led by commercial banks.

The full report "A Strategic Framework for the Coexistence of the Three Pillars of Digital Currency" written by DeSpread Head of Strategy @Earl_Senor can be accessed through the links below⤵️

ENG: https://t.co/GL6gqDbwpp
KOR: https://t.co/zdTC9BjmOU
JPN: https://t.co/gyXI53mc92
ZH: https://t.co/4R3AYl3WgH

[DeSpread @DeSpreadTeam]

Happy to roll out the HypurrCorea: @SKYGG_Official x @DeSpreadTeam Staking Dashboard!

Stake $HYPE and get ticket point for the upcoming lottery!

Hyperliquid.

https://t.co/BCWonI7YBZ

[Earl | DeSpread @Earl_Senor]

한국, 중앙은행 vs 민간 스테이블코인 디지털 화폐 주도권 전쟁의 시험장 되다

• 이창용 한국은행 총재, 국내 6대 시중은행(국민·신한·하나·우리·농협·기업은행) CEO들을 직접 방문해 도매형 CBDC (wCBDC) 및 예금 토큰(토큰화 예금) 참여를 독려. 이는 공식적으로 전례 없는 행보로 평가됨.

• 은행들은 4월부터 한국은행의 ‘한강 프로젝트’(국내 예금 토큰 실험)에 참여 중임에도 불구하고, 최근 공동 스테이블코인 발행 계획을 발표하며 공공 vs 민간 디지털 화폐 경쟁 구도 형성.

• CBDC는 BIS 주도의 국제 프로젝트 ‘아고라(Agorá)’와 국내 결제 실험 ‘한강’으로 이중 추진 중. 한강 프로젝트에는 일반 소비자 10만 명도 시범 참여 예정.

• 예금 토큰과 스테이블코인의 핵심 차이점:
- 스테이블코인은 완전 담보(narrow banking) 기반으로 신용 창출 제한 우려 존재.
- 일부 국가는 스테이블코인이 중앙은행 감독 외부에서 유통되어 통화정책 효과 저해 가능성 있음.
- 대부분 스테이블코인은 퍼블릭 체인 기반, 예금 토큰은 허가형 네트워크 사용.

• 이종렬 부총재보, 예금 토큰의 퍼블릭 블록체인 상 발행 허용 가능성 언급. 민간 스테이블코인과의 공존 전략 검토 중임을 시사. 단, 글로벌 스테이블코인이 통화주권을 위협할 수 있음은 재차 강조.

• 한강 프로젝트, 은행 예금 기반 토큰 외에도 wCBDC로 전액 담보된 전자화폐형 토큰, 그리고 증권결제용 제3자 플랫폼 연동 토큰 등 다양한 형태 지원.

• 스테이블코인 관련 입법도 진행 중이며, 한국은행은 감독 주체로서의 중심 역할을 원하고 있음.

• 글로벌 시사점: 한국은 민간 혁신과 통화주권 사이의 균형을 모색 중. 총재의 직접 개입, 비용 지원, 제도적 유연성 확대를 결합한 전략은 다른 나라 중앙은행들의 벤치마크가 될 가능성.

📰 https://t.co/g4SVgjddtM

[Simon Kim @simonkim_nft]

https://t.co/AbmwGpgKue

[Jasonyeah | DeSpread @jasonyeah0503]

Interesting. South Korea is a highly valuable market with strong purchasing power for both crypto and AI.

- Weekly active ChatGPT users in Korea has increased 4.5x over the past year.
- Korea ranks second in the world for the number of paid ChatGPT subscribers, following USA.

[Asaf Nadler @AsafNadler]

Search “Product Marketing Manager” on LinkedIn, you’ll get pages full of information. 

Try “Product Marketing” + “Crypto”?

You’ll get zilch, nada, and crickets.

Try “Product Marketing” on Web3 Careers. Only 2 open positions..

That silence is why no one’s using your dApp.

That silence is why your token’s chart looks like a ski slope.

Web2 companies are out here hiring PMMs.

Web3 is hiring vibes.

Because in Web3, we rarely launch products, we launch coins.

Tweet “wen launch,” cross our fingers, and pray to the CEX gods.

And when it dumps, we blame the market.

Or the VC, or the vibes.

But maybe the real reason is simpler:

> No funnel.

> No onboarding.

> No retention.

> No one stayed.

Because no one came, in the first place. 

Web2 builds journeys, Web3 builds hype.

And then we wonder why we crash.

This isn’t a market problem, it’s a marketing one.

We don’t need more announcements, we need activations.

We don’t need louder influencers, we need smarter funnels, and micro influencers. 

You can’t PMF your way out of marketing debt.

And you can’t vibe your way into product adoption.

Here’s the fix:

Build a real product. Market it like a product.

Track CAC. Track usage. 

Track retention, not engagement on your teaser post.

Product marketing isn’t a nice-to-have, it’s  survival, a must-to-have. 

If Web3 wants to outgrow the casino phase, it needs to grow up.

[Andy @_parkandy]

Solana Foundation 和新韓投資證券簽署 MOU (https://t.co/MAaMNfzTYd)

✅雙方計劃的合作領域包括：

- 利用代幣證券(STO)及實物資產代幣化(RWA)推動資本市場創新
- 建構託管基礎設施
- 共同研究基於穩定幣的線上線下支付系統
- 分享全球政策及監管策略

有趣的是，新韓的 Logo 從以前就有 「SOL」。

巧合？🤔

[Andy @_parkandy]

@zolo_hands Zolo 什麼時候發 meme?

[alvin617.eth 🦇🔊 @Alvin0617]

https://t.co/MJ4oD2rltG

[Jasonyeah | DeSpread @jasonyeah0503]

BM Korean Beras! 🐻

Ooga Booga and furthermore!

@berachain @SmokeyTheBera @ellaqiang9 @leslienomad

[Andy @_parkandy]

Was an honor! 🫡 @ecdsafu @jameskim_cp

[DeSpread @DeSpreadTeam]

9/@_parkandy, @ecdsafu, @jameskim_cp talked about cross-chain growth and applications.

[Andy @_parkandy]

@goeddy_xyz Go VIP

[Andy @_parkandy]

@zolo_hands 果然是大哥🫡

[佐哥 ZOHAN @zohanlin]

《 @EclipseFND 中文 AMA 重點整理 》

🔍 Sybil/女巫 相關
• 會排除明顯的 bot、無效的 Twitter 和 Discord 帳號
• 沒有 IP/VPN 限制問題
• 強調會「綜合評估」，不只看某一項
• 沒有所謂「50 筆TX」的條件，已明確否認謠言

🐄 養牛相關
• 需要養牛，Turbo Tap 是目前生態的核心
• 交易所活動的 Grass 後續會自動加進去
• 排名不是最重要

🎓 ASC 相關
• ASC 和養牛的獎勵是分開計算的
• ASC 權重表無法公開，暗示會有獎勵的
• 尚未快照，Delist ASC
• Moo game pass 卡沒有實際作用，不要購買

🌐 生態發展
• 生態接下來會重點發展 DeFi 與遊戲 Dapp
• 未來有機會在中國舉辦線下聚會

--

以上是佐哥選擇性的去記錄下來的，有些沒太重要的我就不寫了
謝謝 @purplepill3m @Alucard_eth 用心照顧中文社區，牛逼，thank you 💚
Eclipse everything

[Andy @_parkandy]

🇰🇷2024 年韓國加密貨幣個人投資者趨勢報告

這次 @DeSpreadTeam 和 @coinness_kr 共同發布了一篇報告，針對 3,108 人做了問卷調查：

- 平均持有的加密貨幣價值：1,000萬～5,000萬韓元
- 有 70% 以上在 2024 年有是獲利的
- 持有最多的資產是 $BTC，第二是 $XRP，第三是 $ETH
- 76% 是現貨投資
- 境內交易所第一是 Upbit，境外交易所第一是 Binance
- 獲取訊息的媒體管道 Youtube > TG

完整報告：https://t.co/AjH5OMOU6D