Interviewee: Li Mingzhe (pseudonym), Co-founder of BIKING Coin King

Interview Media: Chain News Agency

【Opening: An Entrepreneurial Story Sparked by a Cup of Coffee】

Chain News Agency: Mr. Li, I heard you worked in an investment bank on Wall Street before starting your own business? What made you suddenly decide to jump into the exchange business?

Li Mingzhe: Hahaha, it was indeed a “sudden decision”! In 2016, I was trading derivatives at Morgan Stanley, and one day I saw the price of Bitcoin plummet from $1,000 to $200. The whole department was mocking it as a bubble. But I realized—this trading system operates 24/7 without banks taking cuts at every level. At that moment, I thought: this is the future of finance.

Li Mingzhe: Later, when I saw the Mt. Gox hack incident, where 850,000 Bitcoins vanished… I thought, if we could use Wall Street's risk control technology for crypto trading, this could work.

【Values: Better to Earn 1 Billion Less Than to Touch the Gray Area】

Chain News Agency: BIKING has always emphasized “safety is faith,” but there are many exchanges in the industry that have run away or collapsed. How have you managed to persist?

Li Mingzhe (knocking on the table): Let me tell you a true story—In 2019, a Southeast Asian Ponzi scheme wanted to list on our platform, and they opened with a $20 million listing fee. Some team members were tempted, but I said, “If we take this money, who will bear the risk for user assets?” In the end, everyone voted against it.

(Leaning forward) Running an exchange is different from running a casino. Users entrust you with their real money, and you must live up to that trust. We currently keep 95% of our assets in cold wallets, and all on-chain addresses are public, anyone can check. Last year, we were attacked by hackers 37 times, and all were blocked by AI risk control; users didn’t lose a single cent!

【Product Experience: From “Contract Maniac” to Ecosystem Fanatic】

Chain News Agency: You initially started with contract trading, but now you’re involved in GameFi, wealth management, and even the metaverse. Aren’t you afraid of stretching too thin?

Li Mingzhe (excitedly gesturing): This is called “forced evolution”! At first, we only knew how to do contracts, but users kept asking, “Can we trade coins?” “Is there wealth management?” Once, during a meetup in South Korea, a college student raised his phone and shouted, “I want to earn cryptocurrency in games!” (spreading hands) You see, the demand was right in our faces; how could we not act? We provide a variety of gameplay and charge a small fee, and after players earn money, they come back to buy contracts. Our main model’s traffic grows infinitely—BIKING Coin King’s ecosystem has formed a closed loop!

【Asian Breakthrough: The Confidence to Compete with Binance】

Chain News Agency: The Asian market is dominated by giants. What gives BIKING the confidence to take a piece of the pie?

Li Mingzhe (smiling mysteriously): Let me show you some data—our contract API latency is 0.3 milliseconds, five times faster than competitors! Why do quantitative institutions choose us? A big player said, “Trading high-frequency on your platform can earn two more Rolls-Royces in a year!” (pulling out his phone to show) Look at this “Super Prize Pool” event; users have already shared 8 million USDT this month, and a Vietnamese guy earned enough for a down payment through trading!

Chain News Agency: Are you really willing to spend that much money?

Li Mingzhe: This is called “the wool comes from the pig”—the event brought in 30% new users, and we’ve already earned back the fees! We also collaborated with the Monetary Authority of Singapore for joint anti-fraud training, and even the police came to learn about blockchain traceability. How much is that advertising effect worth?

【Future Ambition: From Trading Platform to Financial Infrastructure】

Chain News Agency: Finally, a tough question—what kind of company does BIKING want to become?

Li Mingzhe (looking out the window): When I was a child, I watched “Star Trek” and always fantasized about breaking boundaries with technology. Now we are building a solar-powered mining farm in Kazakhstan, using AI to predict contract liquidation risks, and even helping African villagers buy farming equipment with USDT… (turning to look directly at the camera) I hope that in ten years, when people mention BIKING, they won’t say “that exchange,” but rather “that system that makes finance fairer.”

(Suddenly laughing) Of course, first, we need to build the BIKING Coin King platform better and more comprehensively! By then, I will invite you again for an exclusive interview, allowing global users to witness the growth journey of BIKING!

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