1. PixelPlaygroundHome
  2. Blockchain Briefs

“Stacking Economics and Regulation” at the 2023 Web3 Carnival: Zero CHU’s Insights

• Blockchain Briefs • 93 views

On April 14th, at the 2023 Web3 Carnival in Hong Kong, Zero CHU, the head of Bitnet Asset Management, shared his views during a roundtable discussion on \”Stacking Economics and Reg

Stacking Economics and Regulation at the 2023 Web3 Carnival: Zero CHUs Insights

On April 14th, at the 2023 Web3 Carnival in Hong Kong, Zero CHU, the head of Bitnet Asset Management, shared his views during a roundtable discussion on “Stacking Economics and Regulation”. He pointed out that ETH’s PoS mechanism and huge liquidity will attract investment institutions and family offices to pledge ETH. With the emergence of projects such as lowering the threshold for pledge and new LST machine gun pools, it is believed that the pledge track will unleash a new round of innovation and flywheel. The regulation by the US Securities Regulatory Commission does not mean that the crypto community will fall into a passive situation, but rather promotes communication. Bitget is committed to building its own compliance team, promoting licensing matters, and is currently actively applying for licenses in Hong Kong and other places, actively communicating with regulatory authorities.

Zero CHU, Bitget Asset Manager: ETH’s PoS mechanism and high liquidity will attract investment and pledge

Introduction

In the recent 2023 Web3 Carnival held in Hong Kong, experts from the cryptocurrency industry gathered to discuss the latest trends and insights on the market. Among them was Zero CHU, the head of Bitnet Asset Management, who shared his views during a roundtable discussion on “Stacking Economics and Regulation.” In this article, we will delve deeper into his insights on the topic and what it means for the future of the cryptocurrency market.

Stacking Economics: A New Round of Innovation and Flywheel

Zero CHU pointed out that the Proof of Stake (PoS) mechanism and huge liquidity of Ethereum (ETH) will attract investment institutions and family offices to pledge ETH. The emergence of new projects that aim to lower the threshold for pledge and new LST machine gun pools will unleash a new round of innovation and flywheel in the market.
This concept of “stacking economics” is based on the idea of locking up one’s cryptocurrency to earn rewards or benefits. This is known as staking, where investors stake their cryptocurrency to validate transactions and earn rewards. With the increase in staking, the value of the cryptocurrency also increases due to the reduced overall supply in the market.
The emergence of new projects that focus on staking and reducing the threshold for pledge will attract more investors to participate. This could potentially increase the overall value of the cryptocurrency market and drive innovation.

The Role of Regulation

Despite the potential benefits of stacking economics, the role of regulation in the cryptocurrency market is still an ongoing concern. The US Securities Regulatory Commission has implemented regulations on the market, which have caused some concerns in the community.
However, Zero CHU believes that these regulations do not necessarily mean that the cryptocurrency community will fall into a passive situation. Instead, the regulations promote communication between market players and regulatory bodies.
Bitget, for example, is actively building its own compliance team and promoting licensing matters. The company is currently applying for licenses in Hong Kong and other places and actively communicating with regulatory authorities. This shows that companies can still thrive in the market while abiding by regulations.

Conclusion

In summary, the concept of “stacking economics” and the future of cryptocurrencies were discussed during the 2023 Web3 Carnival in Hong Kong. Zero Chu, the head of Bitnet Asset Management, pointed out that the PoS mechanism and huge liquidity of ETH will attract investment institutions and family offices to pledge ETH. The emergence of new projects that focus on staking and reducing the threshold for pledge will unleash a new round of innovation and flywheel in the market.
Although regulation is a concern in the market, it does not necessarily mean that the cryptocurrency community will become passive. Companies like Bitget are actively building compliance teams and promoting licensing matters to thrive in the market while also meeting regulatory requirements.

FAQs

1. What is stacking economics?
Stacking economics is the practice of locking up one’s cryptocurrency to earn rewards or benefits. This practice is often used in staking, where investors stake their cryptocurrency to validate transactions and earn rewards.
2. What is the PoS mechanism?
The PoS mechanism is a consensus algorithm used in the cryptocurrency market. It involves validators staking their cryptocurrency to validate transactions and earn rewards. It is considered a more energy-efficient alternative to the Proof of Work (PoW) mechanism.
3. How important is regulation in the cryptocurrency market?
Regulation is an ongoing concern in the cryptocurrency market. While it may limit some aspects of the market, it can also promote communication between market players and regulatory bodies. Companies can still thrive in the market while abiding by regulations.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/14528/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/14/2023 06:27
Next 04/14/2023 06:34

Recommended articles