Xiang WANG, partner of The Force Partners, was invited to Beijing Consensus Night Cocktail Party on 9th organized by Collinstar Capital and Hdao.io.
Xiang WANG shared his opinions on “The Sustainable Development of The Force Protocol” during the event. Xiang WANG indicated the inevitalbe contradiction between token price maintenance and business income stabilization in the development of a blockchain project. Especially in 2019 with unactivity of the market, even the updates of the project development progress and business development could have no longer been able to effectivley bosst investor confidence. Accordingly, when facing such obstacles of relatively abnormal market, the project team needs to keep up the project development to maintain the performance and confidence in the secondary market.
Xiang WANG also addressed his view on the core strategy for blockchain projects, which is to continously develop and evolve over a 2–3 years period, while the large economic cycles are oftern generated by fluctuations in fundamentals and sentiment. The fundamentals consist the the perfection of infrastructure, reasonable and effective policy supervision, etc while the sentiment includes the situation of the secondary market, etc.
Besides the knowledge of the fundamentals, Xiang WANG introduced two core ideas considering ecological layout:
- Income generation by completing ecosystem including the income of both fiat and the initial assets of blockchain as effective income is the most stable support for the project operation.
- Strengthen the existing value to retian and competitive advantages to survive the market winter. In fact, the industry development has given projects more powerful to lower the downturn cycle including community nodes to reinforce the consensus in the ecosystem, staking pool to effectively increase the number of investors and reduce the maintenance cost in the secondary market by custody…
As a result, The Force Protocol is expected to traverse the reducing period with multi-dimensional business. The establishment of ecosystem not only provides revenue support for the sustainable development but also opes up more application scenarios in the business. The Force Protocol, concentrating on the main business line of open source, has already formed a complete ecosystem with The Force Protocol and The Force Partners and will gradually improve service capacity with The Force Mining, BiBiDai, exchange and etc.
Xiang WANG finally stated that The Force Protocol is progressively setting up a comprehensive blockchain business ecosystem. In addition, he hopes that more participants will engage in the industry development to achieve long term value for blockchain.
