KinMall Live: What is Special about the Tmall-style Trading Platform?
On March 6th, with the last winner being drawn, the KinMall live broadcast ended successfully. A total of 502 users participated in the lucky draw, and four winners were born. The following is the list of winners. The winners who have not filled out the information should complete the information as soon as possible. The customer service staff will contact the winners within 7 working days, and the prizes will be issued one after another.
This is a live event dedicated to celebrating the launch of the KinMall main platform and thanks to the support of KinMall fans, letting the fans of KinMall, Jack Wang, the founder of Kinmall, and Chandler Guo, the well-known investor of the crypto circle communicate closely to understand the inspiration of the establishment of the KinMall platform, the advantages and its future planning. Troubled by Cambodia's Internet speed, there were some Internet lag in the live broadcast event, but with the support and understanding of the fans, the live broadcast was still hot, and various comments continued, and online gifts were kept on the go. As of the end of the event, the total number of live gold coins reached 120,000, the cumulative number of viewers was 70,000, the highest number of online viewers was 3,954, and the number of online comments was 357.
After the event, in order to let everyone know more about the KinMall platform, Jack Wang, the founder of KinMall, and the well-known investor Chandler Guo also recorded videos for everyone. The following is the text version, and there are recorded video playback at the end of the text.
The original intention of KinMall: everyone can open an exchange
Jack Wang: Hello everyone, I am the Jack Wang, the founder of KinMall. After several months of hard work, the KinMall finally came online today. In fact, our inspiration comes from some suggestions from Chandler Guo and the early KinMall community fans. Here, on behalf of all of our staff, I would like to thank Chandler Guo and the KinMall community fans for the come out of KinMall.
We bid farewell to the traditional exchange business model, we have turned KinMall into a platform. Everyone can understand that the current exchange is directly operated like Jingdong. Com. Kinmall is not a direct business, it is a platform, the exchange of exchanges. Such innovation derived from the inspiration given by Chandler Guo. Now please welcome Chandler to tell us about it.
Chandler Guo: In 2018, I met Jack Wang. Everyone knows that for exchanges like Huobi and Binance, it is extremely difficult to list your coins on them, so that many high-quality and high-traffic projects on the market cannot be listed on exchanges. Before, I also gave advice to Zhang Jian, founder of Fcoin, to open a platform. Any exchange can open a store (an exchange) on the platform. However, due to various reasons, the tokens cannot be listed.
Therefore, I recommended Jack to build a decentralized trading platform, which should not impose too many restrictions on these exchanges and project parties, just provide technical services. People want to use your platform to open exchanges. That’s it. Your goal is to bring together most of the traffic in the blockchain industry. To put it bluntly, you are the future Amazon AWS, Ali Cloud of Alibaba. This model is subversive, and you may become the next era of blockchain. The original intention of creating KinMall is to let everyone open an exchange on it.
Jack Wang: I quite agree with Chandler. The KinMall platform has no threshold for entry. The spirit of the blockchain is decentralization, fairness and transparency. Our KinMall platform is to break the monopoly of the exchange market. Everyone can open an exchange on it. There is no threshold. As for the type of token you want to list, that’s your choice.
Finally, you will find that this model breaks the monopoly of the industry. In fact, the monopoly model is to set up various thresholds and collect various fees after you have grown up to the biggest. Do you know how high the cost of getting on Wal-Mart's shops, shelves, and advertisements? They squeezed suppliers, almost leaving them with no money to earn. In fact, the current exchange market is also like this. Due to the high amount of token listing fee, the project parties pay all their money for such fee. In the end, these listing fees are paid by the users. This model is destined to be subverted. The open model of KinMall may break the vicious circle of the crypto circle and will have a disruptive effect.
The model innovation of KinMall is the biggest competitive advantage in commercialization
Jack Wang: One of the biggest advantages of KinMall is the innovation of the profit model. KinMall has stepped out of the traditional profit model of exchanges, we are a technical service provider, mainly through charging technical service fees to make profit. For example, if you open an exchange here on our platform, we only charge the technical development service fee once and for all, and then, you can decide whatever tokens you want to list on your exchange, it is totally up to you.
Many people may think that, what if the tokens listed are air tokens? We will disclose all project information, make it open and transparent, and investors will be free to choose what tokens to invest in.
Another major advantage is that the KinMall platform is completely open, all exchange merchants have the right to determine the tokens to be listed. The functions for exchanges on our platform are all customizable, for example: you want to be able to realize the function of “trading is mining” and “contract trading”, we will open these functions for you. We will share our users, share the ecology and disclose all the information. Our starting point is to lower the threshold of all entrepreneurs, let more people join the blockchain family, let more people become crypto users, and let more people hold bitcoin.
Chandler Guo: Yes, I have seen your team in Malaysia, the technical research and development team of nearly 1000 people were coding there, and the overall architecture of your background is very good. However, you must be fast, because the overall market users are growing fast, and you are very safe and open, so you can get user traffic quickly.
Target for this year: 200 exchanges, 10 million users
Chandler Guo: In the face of such a big market, you should set a goal for yourself this year.
Jack Wang: The goal of KinMall this year is to launch 100-200 exchanges. The long-term goal is to open 1000 exchanges. We welcome more people to open an exchange on the KinMall platform. This is a big market and a big ocean. We provide zero threshold to start a business for everyone. Although it is a bear market now, it is a good time to prepare for the future.
Thanks to all those who care about and support KinMall, as well as Mr.Guo who came to our live broadcast room, our goal is to make the KinMall platform more open, now it is weakly centralized, and in the future, it will be completely decentralized.
The KinMall platform is a completely innovative product. Although the platform is just online, there are some minor problems, but its overall architecture is very complete, and our system will continue to iterate and update, such as the PC end, WEB end, and APP. We will continue to improve the user experience, from visual effects to software interaction, from account security to application scenarios, we will consider how to do better. This year we will go all out to reach the goal of 10 million registered users. We welcome all companies and individuals who want to start a business in the blockchain field. We will help you realize your entrepreneurial dream.
