LBank founder Eric He's response to recent controversies, major changes in the platform, and LBank's ninth anniversary.
According to a Cointelegraph report, LBank founder Eric He made his first public appearance after the recent controversies, addressing the recent controversies, significant changes in the platform, and LBank's ninth anniversary.
The cryptocurrency industry has always been known for its rapid changes.
Recently, the global cryptocurrency exchange platform LBank has experienced a series of internal turmoil. Since its establishment in 2015, LBank has continuously adjusted itself with the development of the cryptocurrency industry, providing users with diverse opportunities for trading emerging assets. Currently, LBank not only supports spot and derivative trading, but also has introduced staking and other investment services, making it an important participant in the cryptocurrency industry.
On the occasion of LBank's ninth anniversary, Eric reviewed the recent turmoil and shared his perspective on "how these events have driven meaningful changes within the company."
Cointelegraph: Recently, there has been some controversy and discussion about your management style. Can you elaborate on this?
Eric He: Indeed, LBank has attracted a lot of attention recently, especially regarding some of our internal operations and my personal management style. In fact, the public discussion with interns unexpectedly revealed some internal contradictions within our organization and exposed some long-standing issues.
While I believe the interns' behavior was not entirely appropriate, this incident has prompted us to start reflecting and making some positive changes, especially in improving the company's internal culture. Faced with these challenges, I gradually realized the importance of returning to the community, so I want to engage with users face-to-face through community outreach.
In the future, I will take on the role of a community angel and risk control advisor, strengthen our connection with the community, and introduce new forms of digital democracy. This is a crucial moment for LBank, as it signifies our departure from past operational models and a future focus on providing high-quality cryptocurrency services and establishing a clear development vision.
CT: What caused such a significant change in your attitude during this controversy?
EH: In fact, I have always believed that truth and sincerity are the keys to earning respect. Over the past nine years, LBank has thrived based on this principle. However, this incident made me realize that it's time to get closer to the users. In the future, I hope to listen to genuine and unfiltered feedback, as it can help us build a better LBank. This experience has been very beneficial for me and has also inspired me to start anew. So, I am ready to make real changes.
CT: What specific measures have you implemented after this incident?
EH: After this incident, we have introduced a series of more inclusive and efficient measures, including the following five dimensions:
- Establishing the LBank Management Committee to enhance governance capabilities;
- Establishing a foundation of tens of millions of dollars to promote the Alpha Altcoin support program and build the MVRV index in the MEME field;
- Setting the Realized Date value for platform transparency, enhancing data transparency, and improving platform credibility;
- Establishing the LBank Global Inclusive Platform and creating a dedicated user feedback channel;
- Optimizing the listing strategy to provide users with high-quality assets.
CT: Can you provide a detailed introduction to the tens of millions of dollars foundation?
EH: Of course, this is a very attractive plan. Based on the current status and demand of the meme market, LBank has established a foundation of tens of millions of dollars, which will explore and support cutting-edge innovative projects in the meme field, thereby driving the development of the entire cryptocurrency market.
CT: Looking back, what significant milestones has LBank achieved in these nine years?
EH: Since its establishment in 2015, LBank has gradually built its brand influence and currently has over 10 million registered users in more than 200 countries and regions. Our daily trading volume has exceeded $2 billion, and the team has expanded from the initial 20 people to over 500 people, which to some extent reflects the satisfaction of our users.
CT: What are your views on the future of the cryptocurrency industry and the role LBank plays?
EH: I believe that only by embracing change and staying at the forefront of industry innovation can we remain competitive. LBank will continue to focus on being at the forefront of this change, with the community at its core, to drive the development of the global cryptocurrency industry.
Looking ahead, success belongs to those who dare to dream and invest in it. Our focus on the community and users will be our core advantage in the competition among centralized exchanges.
CT: How do you view the current market fluctuations?
EH: Market fluctuations are normal in the cryptocurrency industry. We have experienced many market ups and downs, so short-term fluctuations will not shake our confidence. From the overall market perspective, we are still in a bull market cycle. At the same time, the market is constantly innovating, showing tremendous potential in new products, technologies, and ecosystems.
Regardless of how the market changes, we will not reduce our enthusiasm for innovation and new narratives. Regardless of the external environment, we will continue to explore new opportunities and drive the industry forward.
CT: Do you have any message for LBank's users and the entire cryptocurrency industry?
EH: I would like to express my respect to all users of the platform and colleagues in the cryptocurrency industry. Your trust and support have been the driving force behind our journey. On the occasion of LBank's ninth anniversary, we will usher in a comprehensive upgrade of the brand.
The future path may be full of challenges, but we firmly believe that with our commitment to values and dedication to the community, LBank will continue to lead the development of the cryptocurrency industry and occupy a place in the global financial landscape.
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