OKX Star: Focus on products, believe in the industry, and build win-win situations for builders in 2025

On January 14, 2025, OKX officially opened the OKX New Years Eve Dinner event in Da Nang, Vietnam. OKX New Years Eve Dinner is a special event for industry builders held by OKX in Da Nang, Vietnam. This event revolves around core topics such as OKXs latest product planning, industry hot spot analysis, and experience sharing. It is committed to providing a platform for in-depth communication and collision of ideas for global cryptocurrency enthusiasts to welcome the New Year together.

OKX CEO Star attended the event via video link and delivered an impromptu speech, conveying his deep reflections on the development of the industry and his future prospects.

The following is the full text of Stars speech (edited):

I am very happy to see you all via video. Many of you are my old friends, and many of you are netizens. Everyone is welcome to come from afar to participate in OKXs activities.

1. “Coin circle” should not be regarded as a derogatory term. The future of Crypto AI industry is promising.

I have been in the Crypto industry for more than ten years and have witnessed the changes in peoples perception of Bitcoin and the crypto industry.

Let me give you an interesting example: many people translate the English name of our crypto industry, Crypto industry, into the Chinese word coin circle. If Crypto industry is a positive word with positive meanings of technological innovation and economic empowerment, then coin circle is more like a neutral word. In reality, many people even give coin circle a derogatory color. For example, if someone fails in entrepreneurship and enters the crypto industry to start over, they will be evaluated as this person is now in the coin circle.

This semantic gap coexists with the publics prejudice against the industry, which is an issue that the crypto industry urgently needs to face. In my opinion, the cryptocurrency circle is no different from the car manufacturing circle, mobile phone circle, live broadcast circle, etc. Each of us who works in the cryptocurrency circle should hold ourselves to high standards in our words and deeds to break and reshape the publics positive perception of the crypto industry. When the core of technology is simplified into labels of hype and speculation, the long-term value of industry development is also easily misunderstood or ignored. This prejudice is not accidental, but the result of the interweaving of complex social, economic and cultural factors.

After decades of working in the crypto industry, I have come to realize that the crypto industry is a technology-driven, innovative, dynamic, and vibrant industry that is supported by global regulators. CryptoAI will become one of the industries with the best commercial technology development in the world in the next decade.

So I would like to appeal to everyone that if you want to maintain the reputation of the currency circle or the crypto industry, you need to start with your and my words and deeds, respect your colleagues in the industry, and ultimately build us into an innovative, technological, and sunny industry.

2. OKX’s Jeton Listing and OKB are being built with great concentration, and they are holding themselves to high compliance standards.

OKX has made many outstanding achievements around the world in 2024. However, I would like to focus not on showing off the achievements, but on frankly analyzing the shortcomings and problems of OKX.

Many people describe OKX as a company that is different or even self-righteous, and this evaluation is particularly prominent in OKXs Token Listing. Compared with the asset listing model of other platforms, OKX maintains a highly restrained attitude in asset screening. It can be said that we are very non-aggressive.

In our opinion, Listing is a process of discovering high-quality assets, but when we cannot judge the quality of an asset, we would rather choose not to recommend it to users. This cautious choice often makes us appear entangled and also triggers controversy about our conservative style.

Behind this caution, there is not only a deep consideration of user interests, but also OKXs adherence to corporate genes and values. Although this attitude may lose some market competitiveness in the short term, in the long run, this restraint provides a more solid foundation for the healthy development of the industry. We also acknowledge the success of other platforms in this regard, but different companies have different corporate genes and values. OKX is learning and improving to balance the tension between user needs and company values.

Another controversial topic is OKXs platform token OKB. In the industry, many companies choose to use short-term means to increase the price of tokens to stimulate market enthusiasm, but we never predict the price of OKB, nor will we adopt short-term increase strategies. I want to say that OKB is like the long-term value philosophy of Bitcoin. Looking back at the $1,000 or $10,000 Bitcoin that seemed extremely expensive in the past, it now looks really cheap.

We are responsible to our users, and we also respect the overall compliance environment of the industry. The highly regulated nature of the crypto industry means that price predictions may involve risks of violations. Therefore, OKX prefers to increase the intrinsic value of OKB by promoting the actual use scenarios and transparency of OKB. For example, in the future, we will promote the construction of the X Layer public chain and clearly and publicly display the number of OKB held by OKX.

In the future, OKX will continue to exercise restraint and prudence, respect rules and take responsibility, and promote the symbiotic development of technology and ecology. OKX will not only continue to optimize technology and products, but also listen to market feedback with a more open mind, and work with industry partners to build a more transparent, fair and sustainable crypto ecology.

In the future, OKX hopes to reverse the outside worlds stereotype that we are out of touch with the world. I hope to start with myself, learn, grow and develop with my partners, and ultimately make the crypto industry a field centered on technological innovation and value-driven, rather than a market kidnapped by short-term interests.

3. Focus on products and enjoy the dividends of industry development

Over the past many years, I have not known any fund that has outperformed Bitcoin in terms of profits. Industry participants should be wary of superstition about the wealth code. The industrys development dividend is the biggest opportunity. I joked, If you dont have 10 Bitcoins, dont call yourself a KOL. If you take this as the standard for industry practitioners, I believe the industry will not let us down.

The market size of Bitcoin is currently only one-tenth of the gold market, but the scale of capital inflows into Bitcoin ETFs has surpassed that of gold ETFs. This phenomenon is not only a verification of the value of Bitcoin, but also shows that the industrys future development potential may be as high as 100 times. Establishing a consensus on the holding and understanding of Bitcoin is the basic threshold for industry practitioners and investors.

The value anchor of Bitcoin and the ecological potential of Ethereum are the dual engines driving the long-term growth of the industry, but this does not represent investment advice. It can be said that always have Bitcoin, and within the acceptable investment range, participating in the industry is a sense of accomplishment.

Well, returning from the grand narrative of Bitcoin to the reality of the industry, OKX has made a lot of achievements in recent years. In addition to the creation of Web3 wallets and exchange products, we also have a secret business line that will be launched in February this year. The current products are not completely satisfactory and are still being polished. I hope that in the future, this product of OKX can be truly integrated into the daily lives of users, covering multiple countries around the world, so that users can experience seamless services. Especially now that OKX has obtained licenses in many places around the world and has opened up local bank cards, this product will directly address the core pain points of the industry – such as the smoothness and convenience of global deposits and withdrawals, and achieve more technological innovations.

Thank you everyone.

Clause de non-responsabilité

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