Finally back home, let’s summarize the meeting in Hong Kong.

First of all, as predicted, many friends said they have ways to list tokens, covering first and second-tier exchanges, almost all clearly priced. Because the market situation is not good, the strictness of listing has obviously increased. Some project teams have started to panic and are likely to be deceived.

Market makers are numerous, which should be the consensus of many friends this time. A project can have seven or eight people claiming to be involved; the higher the fluctuations, the more claimants there are. In fact, if you look a little deeper, it’s basically just a few “dog dealers’” BD teams. Why are they promoting so vigorously? Because for every deal closed, they might get a 1X% bonus.

KOLs are the most inquired about, as BDs believe KOLs are exposed to the most projects. Therefore, they often seek KOLs for project contacts or to collaborate with them. Some “KOLs” have simply become middlemen, demonstrating their ability to make money, helping big names solve account problems, and gaining some benefits—multiple advantages in one.

Many projects hoping to be invested in or incubated are there, but it’s hard to make an impact at the last minute in such a large venue. This Hong Kong conference clearly saw far fewer first-tier market participants. Many who used to claim they were VC are now saying they are engaged in media or secondary market investments. Although there are still many project teams, most seem very anxious—anxious about funding, traffic, listing, and income.

Every time such a meeting appears to showcase to users, but in reality, very few ordinary users attend. More often, those wandering the venue are practitioners. Oh, by the way, I did see many uncles and aunts who came by bus; they might really be users. This scene is hard to see in the past, and it’s somewhat ironic to see this at such a “serious” conference.

Many friends complained to me that although they added someone’s WeChat or TG, they never reply. Many hope to expand their network through the conference, but if your own strength is insufficient, you might end up becoming a backdrop. The closer you are to money, the more realistic the market is.

Some partners hope to gain favor from the big names. If you can't provide value, the most the big names will do is pretend to help you. It’s not easy to fit into their small circle, and even big names are divided into grades. The division among big names isn’t based on “who has more money.” After all, regarding money, if big names don’t disclose, no one knows the specifics.

The division among big names also follows “recognition.” Many old OGs have plenty of money and have done many earth-shattering things, but because they rarely appear publicly, almost no one knows them. The more one can bring traffic and topics, the more they will be welcomed. After all, a photo with a top big name guarantees traffic. Some even go so far as to manipulate photos to gain visibility. In this era of self-media traffic, whoever holds the traffic holds the power of discourse.

This trip to Hong Kong allowed me to meet many very capable friends and see many excellent projects, while deepening connections with previously known partners, hearing a lot of gossip and becoming a part of some gossip. Although I was forced to network, I do not regret making the trip to Hong Kong and hope to continue moving forward together with friends.

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