15th Big Demo Day - Central Research

On July 31, the 15th Big Demo Day held at the Hong Kong Cyberport came to a successful conclusion! The event is a large-scale offline event hosted by Central Research, supported by Cyberport and 852web3, and supported by Zeepr, elven, and Cointime strategies. The event brought together many well-known enterprises and experts in Web2 and Web3 industries to discuss and witness the vigorous development of the industry.

Opening speech

Ms. Dylan Lee, co-founder of Central Research, attended the event and gave a welcome speech, introducing that Central Research is a local Web3 fund in Hong Kong, and its main business is investment research, incubation and BigDemoDay. Its members are all practitioners in the Web3 industry for many years, with deep investment research capabilities and rich global Marketing resources, and provide very comprehensive post-investment services for their investment projects.

Big Demo Day has been held since March 4th, and has been successfully held for 14 periods, more than 450 projects have signed up, and more than 250 project teams have conducted road shows. Big Demo Day attracts more than 100 investors and investment institutions, bringing together quality investment institutions and family offices from around the world. Many Web3 companies engaged in financing, partnerships and other business activities during the Big Demo Day, working with outstanding projects on site to explore opportunities in Web3 and further promote the development of the Web3 industry in Hong Kong.

Keynote Speech I: Zeepr V3 : PvP AMM Trading Layer

Norah, co-founder of Zeeprlabs, brought the latest Zeepr intelligence to the event. Zeepr, a revolutionary multi-chain PvP trading protocol, is ushering in a new era of asset trading. One of its core features is the social reward mechanism, which greatly improves trading activity and opens new doors for asset trading across all chains.

As a non-matchmaking trading platform, Zeepr offers unprecedented trading flexibility. Users can open unlimited positions here, not subject to liquidity constraints, and immediately respond to market changes. In addition, Zeepr's trading experience is excellent, enabling instant opening and closing of positions without trading spreads, making trading fairer and more efficient.

Zeepr's extensive network of partners, including well-known blockchain projects such as CoreMantle and Polygon, together build a robust transaction ecosystem. With the introduction of version V3 of the product, Zeepr will enable a fully functional, sustainable DEX that supports multi-chain operations and a diverse portfolio of trading assets.

Zeepr tokens play an important role in the system, being used for governance, mining, boosting rewards and agreement revenue. 70% of the token supply will be used for mining distribution, ensuring that token holders will receive a strong return.

Zeepr's future plans include CEX listings and DAO implementations to enable broader community engagement and decentralized governance.

Keynote Speech II: Web3 Financial Management from a Global Compliance Perspective

Laura, CEO of Cointime and partner at Elven, delivered a keynote address at Web3 Financial Management from a Global Compliance In Perspective, I shared my own experiences and feelings while introducing Elven. In Web3 Financial management, Elven is a leading professional cryptocurrency accounting software focused on meeting the complex financial, compliance and reporting needs of OTC, exchange and Web3 projects. Its one-stop service platform integrates advanced data processing, precise accounting, asset valuation, full compliance management and custom report generation to seamlessly handle mixed fiat and cryptocurrency accounting operations.

In order to ensure the security and privacy of user data, Elven has passed a rigorous SOC2 audit, proving that it has world-class data security and privacy protection standards. Industry leaders such as HashKey and Coinhako have chosen Elven as their trusted financial management partner, demonstrating Elven's exceptional presence in the market.

Led by an experienced founding team from well-known companies such as Huobi, ChainUP and others, Elven brings over 10 years of expertise and experience in the cryptocurrency and Web3 space with a deep understanding and insight into the global compliance environment.

With the support of a number of well-known investment institutions such as ABCDE and Oriental Bell Capital, Elven has a strong capital and resource reserve, and is committed to helping enterprises realize financial automation and efficiently manage compliance matters through continuous technological innovation and professional services, so as to maintain a competitive edge in the global Web3 market.

Project Roadshow

MetaArena

Blockchain gaming is rapidly emerging and represents the future of the gaming industry with its P2E features, asset persistence, and interoperability. However, the market faces the challenge of lagging technology and high developer threshold. To this end, MetaArena was born and is committed to reshaping the blockchain gaming ecosystem through innovative technologies and decentralized strategies.

MetaArena's core competency lies in its unique ZKP game engine, which greatly reduces the complexity of on-chain game development, making it easier for traditional game developers to enter the space. In addition, by providing a complete set of tools and components, MetaArena makes game development more efficient and convenient.

The flagship title on the MetaArena platform, Final Glory is an MMORPG set in a medieval fantasy world that leverages the Realm engine to provide an immersive experience and rich gameplay, such as large-world exploration, team copy, and more. Players can not only enjoy the game, but also earn money through the game.

In terms of economic model, Final Glory uses a dual token system of Blue diamond and $TIMI to ensure the stability of in-game asset value and market liquidity. The total supply of $TIMI tokens is 210 million, which is distributed to players through the in-game output and pledge mechanism, achieving fair distribution and transparent management.

The launch of MetaArena and Final Glory marks the development of blockchain games towards a wider audience and a higher level, heralding the arrival of a new era of gaming.

Stream

Animoca Brands follows Open Campus/$EDU and Mocaverse with the launch of its next incubation project, Stream. As a new interpretation of the creatorfi and socialfi meta-universe, Stream is not creating a new social platform or implementing paid interactions, but rather enriching familiar content from existing platforms like X, Twitch, and others with a frictionless layer of interaction. Stream was first launched on X Spaces to enhance the interactive experience for users.

Stream has partnered with major clusters of web2 and web3 creators, and more than 200 top creators have joined, with a combined fan base of more than 70 million. This platform offers creators and viewers across the web2 and web3 worlds the option to participate in web3 monetization through an easy-to-use browser-based product, enabling them to gain more revenue and interactive experiences on top of existing content creation and sharing platforms.

Stream is innovative in that it doesn't require users to leave their familiar platforms, but rather adds a new layer of interaction and monetization capabilities on top of those platforms. This seamlessly integrated approach makes it easy for creators and audiences to adapt and accept, with no additional learning and adaptation costs. At the same time, Stream also provides creators with more creative freedom and financial rewards, thus incentivizing the production of more high-quality content.

Stream is expected to go live in the third quarter of 2024. At that time, it will bring new interactive experiences to content creators and viewers, driving the popularity and growth of web3 monetization.

Pump404

Pump404.fun is an innovative ERC-404 Meme & Art Launchpad that combines the launch and trading capabilities of tokens and NFT. It simplifies the token creation process with no initial liquidity requirements, making it easy for users to create their own ERC-404 token family with a simple and user-friendly interface and automated process.

The core feature of Pump404.fun is the combination of Bonding Curve mechanism and ERC-404 (Token and NFT) to provide a comprehensive one-stop service platform. Users can not only participate in the Token investment of different projects, but also enjoy more privileges and rewards by generating and holding the project's NFT.

In addition, Pump404.fun also supports the generation and application of NFT, which will automatically generate a random NFT for every 100,000 tokens purchased or held by the project side. These NFTS have unique properties and rarity and can be used in different application scenarios such as RWA, digital art, collectibles and games.

In summary, Pump404.fun provides users with an innovative, comprehensive and easy-to-use platform designed to simplify the creation and trading of tokens and NFTS, lowering barriers to entry and enabling more people to participate in the innovation and investment of digital assets.

League of Traders

League of Traders is a revolutionary social trading app that provides users with unique trading superpowers. The app not only allows users to see the ranking of the top traders on the world's major exchanges, but also to learn the secrets of their success by browsing their portfolios. If users don't want to trade on their own, they can choose to copy trades and directly track the operations of top traders, making it easy to turn a profit.

Since 2022, League of Traders has been the top social trading platform in Korea, attracting a large number of loyal and long-term trusted users. These users take full advantage of the platform's many innovative features and enjoy the convenience and fun of the transaction process. League of Traders not only provides the ability to view the rankings and portfolios of the world's top traders, but also enables users to manage their portfolios across multiple exchanges. In addition, the platform has recently added social financial benefits, allowing users to enjoy more social interaction and financial returns while trading.

The success of League of Traders lies not only in its powerful features, but also in its user-friendly interface design and excellent user experience. Both novice and experienced traders can find their own trading strategies and tools on this platform. Through League of Traders, users can not only improve their trading skills, but also interact with other traders, share experiences and insights, and form a positive social trading community.

In short, League of Traders, with its unique features and customer-oriented service concept, has become the No. 2 choice for trading enthusiasts in Korea and around the world. In the future, League of Traders will continue to innovate, continuously improve the user experience, and bring more users the fun and benefits of trading.

Roundtable I: Future Development Directions of DeFi

Roundtable II: "Uniswap" in the Perp DEX Sector

We are honored to have Carter, Head of IOST Hong Kong, Andy, Head of dappOS Technology, ZEN, Vice President of EBI Group Hong Kong, and Qian Wang, JasperVault, to discuss the future direction of Defi.

The meeting focused on the challenges and opportunities of DeFi projects, the market positioning of emerging projects, the design of economic models, and the future phase of DeFi evolution.

First, DeFi, one of the oldest tracks in the crypto space, has had a relatively lackluster run in this bull market. However, the core business data of many DeFi projects continues to grow. At present, the main challenges facing the DeFi project include fierce market competition, lack of user trust and technical security issues. Ensuring the security and stability of smart contracts is the core mission of the DeFi project, which should conduct comprehensive code audits and continuously conduct security tests to guard against potential attacks. At the same time, simplifying the user operation process and providing good UI and UX can significantly improve user engagement and satisfaction. With the gradual improvement of regulatory policies, DeFi projects also need to focus on compliance and improve operational transparency to build the trust of users and investors.

Panelists suggested several possible strategies for how emerging DeFi projects could find their place in the market. Some emerging DeFi projects choose to focus on specific verticals, such as decentralized insurance, lending markets, or asset management, to find a differentiating edge over the competition.

Economic models and incentive mechanisms are considered key to the success of DeFi projects. Effective incentives need to balance short-term and long-term interests, both to attract users to participate, but also to encourage them to hold and use the platform's services for a long time. Common incentives include pledge incentives, liquidity mining, and governance token distribution. In the future, DeFi's economic models may be more complex and diversified, for example, dynamic adjustment mechanisms may be introduced to adjust incentive strategies in real time according to market conditions and user behavior.

Finally, DeFi's evolution will move to the next stage. The panelists discussed possible catalysts and future directions, including aspects such as integration with the real world, cross-chain compatibility and composability. DeFi projects will increasingly integrate with the traditional financial system, driving the decentralization and globalization of financial services. For example, on-chain collateral and credit evaluation will help increase the usefulness of DeFi. With the advancement of cross-chain technology, the interoperability between different blockchains will improve significantly, which will help the DeFi ecosystem to expand and interconnect. At the same time, the composability of DeFi projects will continue to evolve, allowing seamless integration between different protocols and platforms to form more complex and powerful financial applications.

This roundtable provided participants with insight into the future development of DeFi. Despite the challenges in the DeFi sector, DeFi is poised for a brighter future through technological innovation, optimization of economic models, and closer integration with the real world.

In addition to that, Norah, co-founder of Zeeprlabs, Ray Wong of Asymmetry Capital, Bizhan Tong, CEO of Phoenix Waters Productions surrounded the topic "Perp DEX Uniswap" for in-depth discussion.

At the beginning of the session, the moderator asked questions about the track potential of perp DEX and the competitive landscape of the market. The participants agreed that perp DEX, as an important part of DeFi, has great potential for development. Panelists noted that perpetual contracts are very popular in crypto trading, with indefinite holding time and an efficient trading experience, making them one of the most profitable products. Despite the development of on-chain perpetual contract trading, centralized exchanges still dominate. In addition, the contract products on the market mainly support the mainstream asset trading linked to the US dollar, and there is a lack of mature on-chain sustainable contract product forms.

The discussion then turned to how liquidity provision and price discovery are carried out by perpetual contract agreements in the market. The panelists analyzed several major protocols currently on the market and discussed the advantages and disadvantages of each. With some agreements providing liquidity through AMM models, others using order book models, and still others casting synthetic assets, more hybrid models are likely to emerge in the future to better balance liquidity and price discovery needs.

In response to the issue of perpetual contracts as a high-risk investment tool, the participants discussed how to control risks and provide users with more flexible risk management strategies. Experts said that in order to control risks, platforms need to provide diversified tools, such as stop-loss orders, margin management and risk warning systems. It is also important to educate users about the risks of perpetual contracts.

Finally, the meeting discussed how to stand out among many perp DEX and build the "Uniswap" of perp DEX. The guests pointed out that the future development vision of on-chain sustainable contracts lies not only in the continuous innovation and optimization of technology, but also in providing users with low-cost and efficient trading experience. Products support multi-chain transactions, or develop their own application chain, further improve transaction efficiency by reducing Gas costs, build an efficient, safe and convenient trading platform, bring better trading experience to users, and bring more value and opportunities to the entire ecosystem.

The meeting ended successfully in a lively discussion. The participants agreed that perp DEX has broad prospects and great development potential, but it also faces many challenges. In the future, only continuous innovation and optimization can stand out in the fierce market competition and become the "Uniswap" in the perp DEX industry.

Summary and Prospect

The success of the 15th Big Demo Day not only injected new vitality into the Web3 ecosystem, but also provided a valuable industry exchange platform for participants. Reviewing the event, many outstanding companies and innovative projects showcased the latest technologies and achievements, highlighting the dynamic momentum of the Web3 field. Looking ahead, with the continuous breakthrough of Web3 technology and the expansion of application scenarios, Hong Kong is expected to continue to consolidate its important position as a global virtual asset capital. We have reason to believe that more and more enterprises and projects will participate in the Web3 ecology, and jointly promote the prosperity and innovation of the industry. At the same time, the cooperation and exchange within the industry will be further deepened to promote the improvement of technical standards and the diversified development of application scenarios. Let us hope that in the coming years, Web3 technology can bring more opportunities and changes to the world, and help the digital economy take off.