Eric Pan
Founder of Bitrends and AssetFun, founding member of Asia Blockchain DACA Association, author of How to Invest Cryptocurrency. Currently engaged in combining the traditional application scenario with the underlying protocol of blockchain. Also participates in underlying technology developing and acted as senior advisor of various blockchain projects.
What Amazon can do with internet, AssetFun can do with blockchain
Eric initially thinks that blockchain has three phases. The first is cryptocurrency community - bitcoin since 2009 to 2016, that token and chain coexist.
Until 2016 the new financial books technology so called blockchain technology appeared and supported by government, that is chain without token. We take it as an opportunity that many enterprises want to use blockchain technology, similar to the situation when internet first came into the world that if anyone want a store they don’t have to develop a website, they simply sign up a seller account on Amazon. When any company who needs the blockchain technology they don’t have to develop a chain, the simplest way is create a token to represents their rights, interests and shares etc. This tendency will last two or three years.
Only after that can we see phase three, that applications successfully built with chain and token. AssetFun targets the enterprises market offering a platform that companies can build their applications on it.
Technical motivation
Our blockchain technical research was focus on its underlayer, we are very familiar with Graphene and we agree that EOS’s backside mechanism is the essential trends of blockchain future as it dissociates many roles.
Economic infrastructure is the key after token created
After analyzing and clearing the needs, AssetFun will customize enterprise a tokenization project. Token creation is without threshold, but finding an appropriate economic infrastructure corresponding their business profit model is a difficult problem. AssetFun is not just a platform support token create, we are also working on helping enterprise to develop commercial value.
About experience
As a pioneer of blockchain and cryptocurrency, Eric has successively launched Bitrends, Bitfu, Bitfid and AssetFun, covering big data analysis, quantitative strategies and project platforms in blockchain. Eric is now apply himself into providing new solutions to solve practical problems.
About investment
There are two opportunities of cryptocurrency investment. Value storage and price speculation. And Eric reminded the idea of getting rich overnight is very dangerous. But can use spare money to buy bitcoin and save it because we have good expectation in long term.
Take profit and stop loss. He believes that cryptocurrency is same as other investments, the stop-loss strategy cannot be ignored.
About topic
Will bitcoin be a currency?
Eric had given his opinion in 2014 that bitcoin will not be a currency on an article, today he is more convinced. As the higher transaction fees bitcoin is hard to play this role and value storage is a wise choice.
Is ETH a security?
Eric said Ethereum has two roles, blockchain system and Ether(ETH). Ethereum system can not operating if ETH is took away. Holding a security gets you dividends, but holding ETH doesn’t. Whether it is a security or not, it does no impact on blockchain market. ETH is a technology, you can not turn a blind eye to it when a new technology is invented, must be open minded to new things.
Interview video
Website: https://assetfun.org/
Telegram: http://t.me/assetfun
Twitter: https://twitter.com/AssetFun
ANN: https://bitcointalk.org/index.php?topic=2620859.0