CZ forwarded Kuai Dong’s disclosure article on market maker Web3Port

Odaily Planet Daily News CZ forwarded Kuai Dong (@_FORAB)'s disclosure article on market maker Web3Port. The article highlights include: May Liu and her team established a "Binance brokerage pipeline", from Spark Digital Capital to Web3Port, and then to Whisper. Initially, Spark operated in the name of VC, but actually relied on market outsourcing + FA business to let VC invest in projects and obtain free tokens. After the industry's internal rollback in 21 and 22, the project party was unwilling to give tokens for free. They turned to the incubator model and established Web3Port to provide project packaging and VC docking in exchange for 1-3% tokens. However, the incubator alone cannot realize cash, so the market maker Whisper was established, in the name of market making, to create a delivery window for the free tokens in their hands. In the end, this system became a complete pipeline from packaging financing to exit, and Binance retail investors became the final payers. According to previous news, Kuai Dong stated that the passive market maker of GSR and SHELL is GSR, and the active market maker is Web3port.