Token2049 Singapore merch Summit: CEEX joins global KOLs to discuss CMC innovation and the encryption market trend  

On the afternoon of September 17, 2024, the global top Blockchain industry summit, ‘Midfield Battle of Crypto’, hosted by CEEX and supported by Tusima, jointly organized by 1783DAO and BroadChain Finance, kicked off grandly at O2Work in Collyer Quay Center, Singapore. This peak event, which brings together top encryption industry leaders, investment institutions, and technological pioneers from around the world, aims to lead the encryption industry into a new era of development and focus on the unique innovation of CMC platform coins and the future pattern of the encryption market. The conference guests conducted in-depth analysis on the CMC deflation mechanism, technological breakthroughs in dual mining systems, and frontier areas such as Web3, AI, and RWA.

As a key merch event strongly recommended by Token2049 and Luma platforms, the grand event hosted by CEEX has attracted more than 1200 global elites to register for participation with its high specifications and forward-looking topics. The venue was shining with stars, and representatives of many top institutions such as Edge Matrix Chain (EMC), YUKU AI, InfluxAI, M55 Capital, LK Venture, Candaq Ventures, IOBC Capital, Eureka Meta Capital, etc. were present to explore the innovative applications of CMCToken and the future trends of the encryption industry.

This industry event not only showcased the latest strategic release of CMC, but also became an important opportunity for global KOLs and industry experts to deeply explore the technological potential of CMC, further establishing CMC’s leading position as the world’s first deflationary Meme platform coin in the market.

CEEX and CMC: Creating the world’s first deflationary Meme platform token

During the event, CMC’s CMO Kaycee provided a detailed introduction to CMC’s core mechanism and its important role in the CEEX ecosystem, with particular emphasis on its innovative deflationary model and its practical application in the encryption market. Kaycee said, ‘CMC is the world’s first Meme platform token with a deflationary mechanism, ensuring that as market demand rises, CMCToken becomes increasingly scarce through the POW+POC dual mining mechanism.’ She further pointed out that as a ‘value storage’ Meme platform token, CMC breaks through the limitations of traditional platform tokens and promotes its continuous appreciation through token burning mechanisms.

Kaycee explained in detail this deflationary mechanism: Whenever users participate in Mining with CMC, a portion of Tokens will be permanently destroyed, reducing circulating supply and thereby increasing the scarcity and market value of remaining Tokens. This model effectively avoids the value dilution caused by excessive issuance of traditional Mining currencies.

She also emphasized that users can receive long-term returns from the platform’s native Token regardless of when they join CMC’s Mining system. Through a 99-year incentive plan, CMC provides users with sustainable value returns. At the same time, the application scenarios of CMC are not limited to the trading fee discounts and trading activities on the CEEX platform, but also include stake and Mining and other ecological links, bringing tangible value-added experiences. The continuous upgrade of CEEX platform functions also provides a solid technical foundation for the wide application of CMC.

In addition, CMC’s unique dynamic circulation control mechanism effectively addresses hardware upgrades, power consumption rises and other issues, avoiding the dilution of Token value. This design ensures the long-term scarcity of CMC, making it an innovative and long-term hold value storage tool in the crypto market.

CEEX: A Key Force Driving the Alignment of CMC with the Global Encryption Market

As the issuance of CMC, CEEX has quickly become one of the leading cryptocurrency exchange platforms in Asia since its establishment in 2019. Kaycee further introduced CEEX’s overall strategy during the event, stating that CEEX has built a legal and robust trading environment by holding the MSB license from FinCEN and the ComplianceDigital Moneyexchange license from AUSTRAC in Australia, attracting over one million digital asset holders worldwide. CMC, as the native platform token of CEEX, has gradually gained more recognition and participation from users with the help of CEEX’s global layout.

CEEX is not just a trading platform, but also dedicated to promoting the healthy development of the entire encryption market through innovative projects like CMC. Kaycee mentioned that the design concept of CMC is highly consistent with the long-term vision of CEEX, and the two have formed a sustainable business closed loop through close ecological integration. Whether it is through the return of transaction fees or through Mining and destruction mechanisms, CMC has demonstrated its key role in the CEEX ecosystem, providing users with rich application scenarios and long-term profit incentives.

CMC: Innovative Deflation Mechanism Leads the Future, KOLs Unanimously Optimistic about Its Long-term Potential

As the world’s first deflationary Meme platform token, CMC not only has scarcity, but its use of the POW+POC dual Mining mode also greatly enhances the risk resistance of Token. KOLs generally believe that CMC effectively solves the problem of value dilution in traditional Mining modes through dynamic market circulation control mechanisms, ensuring that each Token continues to appreciate over time.

CMC’s business closed-loop model is key to its long-term development. CMC is not only limited to reducing Circulating Supply through a burning mechanism, but also builds a complete business ecosystem, continuously attracting users to participate through diversified applications such as platform trading, stake, and Mining Pool, maintaining the market activity of Token. This design ensures the supply-demand balance of CMCToken, achieving a virtuous cycle of circulation and appreciation within the CEEX ecosystem. KOLs unanimously pointed out that CMC is breaking the limitations of traditional platform coins and has become a model of Token that combines scarcity and practicality through practical application scenarios and innovative incentive models.

The long-term incentive mechanism of CMC further enhances market confidence. The 99-year Mining incentive not only ensures continuous user participation but also provides long-term stable income channels for investors. KOLs believe that as CMC expands its global application, its potential user base will further expand, thereby accelerating the rise in Token value. With the technical support and global layout of the CEEX platform, CMC is expected to occupy a more important position in the future encryption market.

This innovative model of CMC, combined with its community-driven Consensus Mechanism, has laid a solid foundation for its future development. As the demand for scarce assets in the market continues to increase, CMC has become a key project that industry experts and investors follow, thanks to its unique deflationary design, wide range of applications, and long-term incentive system. KOLs unanimously believe that CMC has tremendous long-term potential and will continue to make breakthrough progress in the global cryptocurrency market.

Guest sharing session:

Edge Matrix Chain (EMC) Co-founder Alex: AI and RWA will dominate the second half of Crypto

Edge Matrix Chain (EMC) co-founder Alex pointed out that with the approval of BTCETF, a large amount of traditional funds will flow into BTC, resulting in a reduction of funds for other projects. He believes that the AI and RWA tracks will be the main opportunities in the future. The AI trend is inevitable, and RWA will bring new asset categories to Web3.

Alex also mentioned the brand upgrade and technological progress of EMC. EMC has evolved from a GPU Computing Power network focusing on RWA to a complete public chain system, and has completed a new round of financing. The participation rate of Miners in the test network has doubled weekly, with the goal of promoting the development of DePIN and GPU tracks. EMC’s Mainnet is expected to go live in mid-October 2024, further strengthening its advantage in the AI and Computing Power fields.

1783DAO co-founder Blade Hu: Web3Bull Market driven by the application side

Co-founder Blade Hu of 1783DAO introduced the development of the organization, stating that 1783DAO has become one of the largest communities of Chinese Web3 practitioners worldwide, focusing on industry development. Since the beginning of 2023, 1783DAO has held offline brand events in several Web3 hotspots around the world (including Hong Kong, Singapore, Turkey, etc.), covering Meetups and hackathons, focusing on industry dynamics and trend discussions.

Hu also predicted the future development trend of Web3, believing that this round of Bull Market will be driven by the outbreak of the application side, and the combination of technology and tokenization, AI, and RWA will break the traditional business model. In addition, he is optimistic about the rise opportunities brought by AI reasoning Computing Power, BTC-based Decentralized Finance, and the fusion of virtual world and AI Depth.

Tusima Founder and CEO Jimmy Nishikawa: The Payment Bridge Connecting Web2 and Web3

Tusima founder Jimmy Nishikawa shared the vision of the Tusima project at the event, aiming to build a payment gateway between Web2 and Web3, and promote the application of Cryptocurrency in the real world. He pointed out that Tusima, through cooperation with POS systems such as Netstars, has simplified the offline payment process of Cryptocurrency, and hopes to achieve a significant increase in the penetration rate of Cryptocurrency in the payment field by 2026. In addition, Nishikawa also emphasized that Tusima optimizes the payment experience through AI data models, promotes the intelligent upgrade of the payment field, and brings more efficient payment solutions for users and enterprises.

YUKU AI CMO Anna: Building a Virtual Civilization Based on AI and Web3 Technology

YUKU AI’s CMO Anna introduced YUKU AI’s virtual civilization at the meeting. The project combines AI and Web3 technology to build a unique virtual ecosystem, where users can experience the interaction between AI Agent and AIGC through various devices. Anna also emphasized that YUKU AI supports a token-driven economic system through blockchain and decentralization storage. Users can obtain tokens through services and mining to further promote the development of the virtual civilization.

ADD Labs CEO、InfluxAI CTO David Adeola: Solving Block Chain Security Issues through AI and Web3

ADD Labs CEO, InfluxAI CTO David Adeola pointed out that InfluxAI focuses on solving security issues in blockchain projects, especially Smart Contract vulnerabilities and lack of investment transparency, through AI and Web3 technology. The AI-driven security monitoring and market analysis tools provided by InfluxAI aim to provide a safer blockchain environment for developers and users, and promote the healthy development of the ecosystem through community-driven Open Source tools.

M55 Capital Investment Director Kyle Lin: follow market Liquidity and grasp trends

Kyle Lin, Investment Director of M55 Capital, pointed out that the current encryption market faces challenges of insufficient liquidity and lack of innovation. In such an environment, investors need to closely follow the flow of funds and market trends in order to seize the right investment opportunities, especially it is particularly important to layout in advance before the rise of emerging ecosystems.

Roundtable Discussion Section:

VC and KOL Roundtable Discussion: Layout Strategies for the Second Half of the Crypto Market

In the roundtable discussion on ‘How VC Positions for the Second Half,’ several investment experts conducted in-depth discussions on the current situation of the encryption market and future investment strategies.

• LK Venture partner Leo Deng pointed out that both the primary and Secondary Market are currently facing serious Liquidity issues. There is a decrease in new capital inflow, and the rise of users is weak. Even some data-intensive projects in the Telegram (TON) ecosystem are experiencing overvaluation. The lack of Liquidity and the absence of real users are the main challenges. At the same time, the extended unlocking period of projects has increased the difficulty for investment institutions to exit. • Frank Yu, the investment director of IOBC Capital, believes that the current investment and exit face great uncertainty, and the Ethereum ecosystem has encountered many challenges. Therefore, investors are looking for new opportunities and are more focused on investing in the BTC ecosystem and related infrastructure. • Jesse, a partner at Candaq Venture, stated that the performance of this bull run is ‘abstract’, and the traditional bull-bear transition pattern no longer applies, with abnormal market volatility. Although some altcoins experienced a pump towards the end of 2023, they quickly fell back, leading to reduced participation from retail investors and increasingly complex investment and exit strategies for institutions. • Diana Zhu, founder of Harmon Venture, emphasized the importance of investment pace at present. She specifically pointed out the impact of retail investor confidence on market Liquidity. When retail investors are not willing to get on board, market Liquidity faces greater pressure. • Gary Yang, founding partner of SkySaga Capita, analyzes the structural issues of the market from a macro perspective. He believes that the Crypto market is plagued by the phenomenon of ‘Be Played for Suckers’, where the interest chain between project parties, Large Investors, VC, and retail investors has been severely disrupted, resulting in VC becoming the new target of being played for suckers. In addition, Web3 funds lack legal protection, and the difficulty of investment redemption and performance increases, while the limited application scenarios restrict the rise space of the market. • Khalid Mazouz, Founding Partner of M55 Capital, reviewed his investment experience, pointing out that although M55 Capital has mainly focused on the Primary Market in the past, it has recently shifted to assets with stronger Secondary Market and Liquidity, especially Token distribution protocols (TPT), AI, and token strategies. He expects the market to undergo an adjustment period lasting 18 to 24 months, with intensified dilution effects, and advises investors to prepare for long-term market pressure.

The discussion on how KOLs layout the second half also triggered a reflection on the sentiment of the crypto market.

• Director Zhao of the Jewish (Thecryptojew) analysis showed that the crypto market will present a phenomenon of ‘sexual coldness’ in 2024, as investors’ enthusiasm and desire to make money decrease, leading to a significant reduction in market participation and lack of rise motivation for projects. • Captain Jack added that the market fluctuates between highs and lows, without showing a clear bear market or bull market trend, and investors are cautious. • In contrast, BTV_Michael is more optimistic about the market outlook. He believes that the Bull Market has only gone through a small part, and established public chains such as Ethereum are expected to benefit in the future market environment. • Director Yuetai Zhao also compared the current market with 2019, pointing out that KOLs and investors are still reducing leverage, and the market may need to bottom out further before ushering in a new bull market. He remains cautious, believing that the bull market has not yet arrived in the short term.

Future Outlook: CMC Leading the Opportunities and Challenges of the Crypto Second Half

The ‘Crypto Midfield Battle’ event hosted by CEEX brings together top figures in the global blockchain industry for in-depth discussions on the innovative development of CMC and the future of the encryption market. With its unique dual Mining mechanism and deflationary model, CMC has become the focus of attention, attracting the interest of numerous KOLs and investors. As a core component of the CEEX ecosystem, CMC is bringing new opportunities and challenges to the future market.

At the summit, KOLs and VCs unanimously agreed that CMC, as a deflationary Meme platform coin, has the potential to play a key role in the future crypto market with its dual Mining mechanism, community-driven rise and support from the CEEX ecosystem. Regardless of market changes, CMC will continue to occupy an important position in the global cryptocurrency market with its creativity and application value.

With the promotion and application of CMC worldwide, its scarcity and value will continue to rise, bringing long-term stable returns. The close integration of CEEX and CMC has also injected new vitality into the global encryption market. In the future competition of the crypto market, CMC has already stood at a new starting point, ready to seize more market opportunities and embrace new challenges.