Photo and text | Xingchen 2024.6.4
Continuing with the 4th issue, the questions during this period are quite diverse, including investment and financing, market operation, project investment and research...
Question 6: How can state-owned funds participate in blockchain projects?
ask:
Hello, Xingchen. I am the head of a state-owned enterprise fund. The institution is facing digital transformation and would like to try investing in blockchain projects. Since we are a traditional fund institution, although we are very clear about the financing mentality of equity project parties and have a relatively accurate grasp of it, it is easy for us to negotiate the transaction structure and price, but we are indeed unfamiliar with new blockchain projects. We don’t know what they want, and we are not clear about the cooperation process and agreement drafting.
answer:
Hello, I'm glad you asked me this question. Although I don't have much relevant experience, I have consulted other experienced people for your reference.
The founder of a blockchain project based in Seoul, South Korea suggested the following:
1) Consider signing a SAFT or equity + token warrant
2) It is difficult to sign a contract directly with the project party. It is better to cooperate with a fund that already has a structure.
3) If the Web3 fund is not well-known, it will not be able to invest in good projects
4) Domestic entities can only invest in domestic projects, or consider signing an equity contract with a technology company + a token conversion contract
5) It is better to find the investment target and communicate with it first before considering the agreement
References:
1)
Web 3.0 Investment and Financing Legal Guide Series (IX): How to Invest in DAOs Overseas
https://www.hankunlaw.com/portal/article/index/cid/8/id/12555.html
2) A comprehensive article on Web3 project financing: How to choose financing methods and legal documents?
https://foresightnews.pro/article/detail/36704
3) Understand the SAFT agreement in 3 minutes: a new tool for investment and financing of Web3 projects
https://web3caff.com/zh/archives/11120
Question 7: What are some interesting forms of web3 activities based on Telegram?
ask:
Hello Xingchen, do you know any interesting web3 activities based on Telegram? I am currently organizing an event and would like to get some suggestions.
answer:
Hello, the following is for reference only:
1) TonGifts: @tongiftschat
2) PeaAI Quest & Lucky Money News:
@Pea_AI_News
3) MuggleLink: @MuggleLinkEn
Question 8: What is PR?
ask:
Hello, Xingchen, the marketing staff of the project often say PR DD in the resource group. What does it mean? Does it mean proposal?
answer:
Hello, PR does not mean proposal, but a marketing promotion method commonly used in the Chinese-speaking circle. The official announcement of the cooperation between two projects means Partnership, and the purpose is to direct users to each other between the projects on social media.
However, it should be reminded that this method should not be abused. Blindly announcing PR will not bring considerable traffic to the project and will damage the project brand.
Question 9: How does the project party seek market resources ?
ask:
Hello, I am the operator of an RWA project. It is currently in the test network stage. I have read your official account and hope to have the opportunity to join some communication groups to seek cooperation opportunities.
answer:
Hello, it’s arranged.
Question 10: Project investment research
ask:
Make a video for the Olympics, Phyges Frigi.
answer:
Meme has been deployed on both Solana and Ethereum. It should be trying to take advantage of the traffic from this year's Paris Olympics. I don't like it very much. It feels like a wild project. If you look at the community, there is a tone of artificially inciting fomo emotions. The geographical distribution of the project is very single, and it has a strong smell of on-chain meme sickle. Be cautious!
WeChat public account: BitGravity
Telegram community: https://t.me/bitgravity
Twitter/X: https://twitter.com/biteyinli
