Long 2020, ‘Short’ summary 2019
By Bom,Hedy
2019 was a year full of risk. The risk of a global recession remains more limited than suggested by the flat yield curve, same as the crypto world. Came from the boom of crypto history, the market remained the bear market. But still, lots of opportunities in 2019 existed if you explore .
In 2019, Altcoins were the big losers with one coin after another hitting bottom, and ICOs were dying out which was already evident in 2018. Also, we got the Fake Satoshi. After the negative ways, we’re now coming to the great breakthroughs of 2019.
The biggest and most important positive news is probably the announcement of Facebook and the Libra Association started their own token-Libra. What’s interesting is that China soon followed and announced it would launch national currency by Huang Qifan, the vice chairman of the China Center for International Economic Exchanges (CCIE). China was looking to create a cross-border Renminbi (RMB) liquidation system independent of SWIFT, just a few days after the announcement from President Xi. From our views, this is the first time China put blockchain tech as one of the most important tech in national strategic level. For regulation, 2019 seems to be a turning point. Countries like Singapore, Estonia, Switzerland or Liechtenstein showed that governments need to create frameworks to work with the new world not against. Austria and Germany were also following — which gives hope for a cautious optimism. In 2019, DLT tech or crypto world definitely shake the traditional financial world- ‘Long Bitcoin, short the bankers’.
As one of the developing exchanges, in 2019, we also have our ups and downs. Although we would like to build an excellent exchange for Lisk ecosystem, it is never a smooth ride. On tech development, we launched 0.5 version and GNY (www.gny.io) which focuses on AI and blockchain as a very strong and outstanding project of the Lisk ecosystem became our first project. EliteX 1.0 launched in July. Three months later, we launched mobile APP on both Android and IOS platform. In November, EliteX was honored to be invited to participate in 2019 World Blockchain Conference in Wu Zhen, China which gathered more than 100 experts and scholars, technology tycoons, opinion leaders and brilliant entrepreneurs globally regarding to blockchain, AI and 5G technology. Besides, it is always a pleasure for us to enter Lisk events. We hosted an event at our excellent partner’s place, Lisk community- Lisk Center Utrecht (www.liskcenter.io). Moreover, we attended Lisk.js 2019 in Berlin. We feel great to explore Malta Blockchain & AI Summit which also makes us feel the freedom from other countries in the blockchain industry.
No matter Bull market or Bear market, we will always adhere to our original intention- provide investors with a pure trading environment and platform. Also, from our customer service team lead — Andy: In the past 2019, the customer service team has been continuously improving the team’s service process and strive to provide a good consulting experience for each customer. In the coming 2020, we will continue to forge ahead in pursuit of excellence perfection and will repay each new and regular customer with better service quality.
In 2020, Lisk will actually make blockchain technology as easy and as accessible as possible to everyone. Lisk utilises sidechains for the development of new blockchain projects, an innovation that neatly solves the speed and scalability issues that have proven to be difficult roadblocks for blockchain development and growth to date. Lisk sidechain tokens function freely as wholly independent blockchains which connect with, and run in parallel to the Lisk mainchain, enabling cross-token transactions without jamming up Lisk mainchain functionality. Our confidence is our strategy- a one-stop shop platform — EliteX which intends to emulate other exchanges’ good achievements in the exchange industry so that EliteX will promote Lisk ecosystem better. We believe we will grow better together.
