BLEX Bangkok night was a perfect ending, next stop Singapore!

We're halfway through 2023, and a new wave of Web3 enthusiasm continues in Bangkok at night. The "BLEX Bangkok Night" event, hosted by Bangkok DAO and sponsored by BLEX, the decentralized trading platform, wrapped up on July 10th, 2023 at 5 pm Bangkok time at the L7 cafe in Bangkok. The event featured a keynote speech by Anil Ertaskin, project advisor of BLEX, and a roundtable discussion with several Web3 KOLs in Bangkok, mainly focusing on the DeFi track, with over 100 Web3 practitioners from diverse backgrounds gathering at the BLEX Bangkok Night. The BLEX Bangkok Night brought together over 100 Web3 practitioners from diverse backgrounds in an open and friendly atmosphere.Anil Ertaskin, Program Advisor at BLEX, opened the session by introducing BLEX to the audience:"BLEX is a decentralized perpetual contract trading platform, based on an exponential feed model, designed to allow users to deploy trading strategies efficiently and securely with no licensing, low loss, and in control of their personal assets. BLEX has an on-chain exclusive multi-token economy with 4 tokens and 1 NFT. In addition, BLEX is a DAO-managed trading platform for perpetual contracts, and the revenue from the BLEX protocol will be shared with BLE token holders and NFT holders."Erstakin revealed that BLEX has been successfully deployed on the Arbitrum testnet and is expected to go live on the mainnet this quarter. Erstakin said that BLEX's test net incentives will be available until the project goes live on the mainnet, and that the BLEX official website has also released a bug bounty program, which will provide additional incentives to users who participate in the project at an early stage. The BLEX operations team has also been working hard to showcase BLEX's innovative on-chain trading products at offline events in several Southeast Asian countries and regions.In closing, Erstakin noted that decentralized trading platforms promote financial inclusion and enable more people to participate in the global financial system, regardless of their location or economic status, and that BLEX will continue to promote the flow and development of cryptocurrency assets in line with its mission to provide more opportunities and possibilities for project owners and investors, and to promote the prosperity of the entire cryptocurrency ecosystem. the prosperity of the entire cryptocurrency ecosystem.After the presentation, a roundtable discussion on the topic of "DeFi: An Innovative Tool to Drive the Restructuring of the World Financial System" was held. June Tang, the author of "Web 3.0 Crowd", was the moderator of the roundtable, and the guests included Sibyl, co-founder of ANGC, Dr. Ken, founder of Bangkok DAO, Leo Wang, contributor of Nova.win, and Xiaomiao Guo, co-founder of Meta Media, who had in-depth exchanges on the current status of DeFi and its future outlook.June said that the DeFi market has been growing in popularity for a long time. According to June, the DeFi market has experienced explosive growth over the past few years, with DeFi applications such as DEX, lending platforms, stablecoins, and liquidity mining emerging rapidly and attracting a large number of users and funds. According to Defillama, the current TVL in the DeFi market is $44 billion, which is much down from the TVL of over $160 billion in 2021, but still maintains this shows investor confidence in the DeFi protocol and interest in the financial services and revenue opportunities it offers. It is reasonable to assume that DeFi remains in a rapid growth cycle.On the issue of "Outlook for DeFi", Dr. Ken concluded that decentralized finance has really pushed blockchain technology to the front of the stage, and without decentralized finance, the market should still be stuck in the most primitive and basic blockchain concepts. dr. Ken believes that finance is the lubricant in the development and progress of the whole society, and decentralized finance is even more of a trend in the future development of blockchain, and can even be said to be the only path of development. It can be said to be the only path of development. In addition, Dr. Ken also said that the next wave of the cryptocurrency industry's bull market will probably start in Dubai, and Dr. Ken also suggested that the guests pay more attention to the DEX track.On the question of "Which track in DeFi is more likely to see paradigm innovation," ANGC co-founder Sibyl said that the exact direction of paradigm innovation is difficult to predict because the DeFi market is constantly evolving and developing, and that Sibyl believes the DEX track is most likely to be the first to see change. First, the market has already made its choices, and DEX has the highest TVL of all DeFi protocols; second, she believes that trading is the most important part of the existence of the cryptocurrency industry. The market has already made its choice and DEX has the highest TVL of all DeFi protocols. Trading is fundamental to the existence of the cryptocurrency industry.DEX enables transactions to take place directly on the blockchain by eliminating the intermediary role of traditional centralized exchanges. This decentralized trading method has a high degree of openness and transparency, providing users with a more direct, secure, and trustworthy trading environment. In DEX, users are in full control of the private keys and control of their digital assets, without the need to entrust their assets to a centralized exchange. This provides users with greater security and autonomy and reduces the need to trust centralized institutions. It also circumvents the risk of a repeat of the FTX crisis.Leo wang, a contributor to Nova.win, shared his thoughts on the "DeFi Token Economic Model Design" issue. Leo said that DeFi tokens have been in a downward spiral for the past two years, and I personally feel very strongly about the economic model of their tokens, Uni and DYDX. Uni is the largest spot dex and DYDX is the largest perpetual contract trading platform on the chain, their protocol revenue is very objective, however, their token holders do not directly share the agreement revenue or profit. The profits go to the project owner. Due to the non-direct correlation between agreement revenue and token holders' interests, the token price may be more influenced by market supply and demand and speculative factors. This may lead to a disconnect between the token price and the actual value of the protocol in use, resulting in market volatility and potential investment risk.On this issue, Sibyl, Co-Founder of ANGC, added that the DeFi space is an environment full of innovation and experimentation, and that BLEX proposes a diversified token economy model.BLEX's token economy system consists of a total of 4 tokens and 1 NFT.BLEX's token economy system motivates users to actively participate in and support the ecosystem of the protocol through incentives and to share the protocol with the BLE token holders who share 30% of the protocol's revenue. In addition, as a DAO-managed on-chain DEX, users can hold BLE to participate in protocol development and governance voting.The BLEX Token Economy System provides users with incentives to participate in and support the development of the protocol through the benefits of incentives, diversified uses, liquidity enhancement, and market demand feedback, and promotes the prosperity and health of the protocol ecosystem. This token economy system is designed to help build a more active and sustainable DeFi ecosystem.On the question of "Facing pressure and challenges from regulation, what are the opportunities and challenges for the DeFi protocol," Guo Xiaowei, co-founder of Meta Media and co-founder of Ouyun Capital, summarized both the opportunities and challenges. Opportunities for DeFi: In a long bear market, it's actually an opportunity for the industry's Buidler. Builders just need to be ready for the cryptocurrency bull market on the eve of its arrival. The same is true for investors.As for the challenges facing DeFi, Guo said that regulation has always been a serious issue accompanying the development of the industry. Every industry player is facing this problem. How to choose a more compliant path or a more crypto-friendly city is a test for the industry Buidler.At the end of the roundtable, Sibyl gave her closing remarks. She said that BLEX is looking forward to establishing a good partnership with the attendees and building a healthy and transparent trading ecosystem together with all web3 practitioners. If attendees have any interest in working with BLEX, they are welcome to contact the BLEX staff after the conference. Thank you for your time and have a great time at the BLEX Bangkok Night!