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In the evolution of the crypto industry, there have been three shifts in value discovery. Before the emergence of smart contract platforms represented by Ethereum, the predominant blockchain ecosystem was non-Turing complete, represented by Bitcoin, Litecoin, among others. At this stage, value discovery was primarily centered around decentralized currencies, serving as the sole core of value in a strongly consensus-driven world.
As Ethereum and smart contract platforms came into the market in 2017, value discovery in the crypto industry shifted towards decentralized smart contract platforms. Applications built on smart contracts brought infinite possibilities for the long-term development of the blockchain field, enriching the industry's value system. However, during this phase, the form of on-chain applications remained exploratory, and centralized exchanges (CEX) continued to dominate the crypto industry.
In 2020, liquidity mining sparked the DeFi Summer, leading the primary battleground of the crypto world toward DeFi. Increasingly, crypto investors started using on-chain applications, further propelling the shift in value discovery towards on-chain behavior and decentralized foundational applications.
Under this new paradigm of value discovery, the landscape of the crypto world underwent a drastic change. The battle for attention, users, and funds intensified, making the competition for CEX platforms more complex. In this context, emerging CEX platform Websea is breaking conventions, becoming a transformative force by adopting a fresh ecological positioning and value system, positioning itself as a leader in the new era of crypto.
In the Rising Tide of Differential Competition: Websea Emerges
Websea is an emerging crypto asset trading platform targeting young traders. The platform is built on an incentive-based system that fosters a social environment, creating strong connections among users within its ecosystem. Through a system entwined with social interactions, incentives, and gamification, Websea continuously generates user engagement. This social structure has become a pivotal factor in the growth of the Websea ecosystem. Activities like group purchases with WBS tokens and referral rewards have organically helped Websea capture a wider user base.
Simultaneously, Websea advocates for fairness and widespread benefits. It enables all users to earn rewards through various social activities within the ecosystem. Sixty percent of the platform's native token, WBS, is dedicated to incentivizing user registration, referrals, trading, active participation, and engagement in Websea's social, entertainment, and gaming ecosystem. Through an "X to Earn" mechanism, rewards are fairly and openly distributed to all participating users, with no private sale of WBS tokens. Additionally, Websea periodically conducts token burns from platform revenues to enhance incentives and assigns diverse utility scenarios to WBS assets, aiming to induce deflation and bolster incentive effects.
On the product front, Websea has introduced a dual-account system that revolutionizes traditional trading models. Users now have the freedom to choose between a fully self-managed asset control mode and the convenience of a custody mode similar to CEX. This not only provides flexibility but also ensures asset security. This design considers users' high demands for asset security while catering to the pursuit of operational convenience, striking a balance between user-managed and custodial approaches.
Through integration with mainstream on-chain wallets, Websea ensures seamless on-chain and off-chain fund transfers. Users can enjoy Web 3.0 services without the limitations of traditional trading models. This dual-account system not only enhances user experience and safeguards asset security but also offers greater freedom and flexibility. Users can seamlessly experience fund circulation based on this system.
Furthermore, Websea has launched an intelligent copy-trading system to simplify professional trading, allowing young traders to easily gain profits with just one click. Additionally, by employing AI to forecast market trends, Websea offers personalized strategy suggestions to users. There are even prospects of enabling users to exchange their trading strategies in an open strategy marketplace in the future.
Backed by a young user base and crafting more engaging products, Websea is seizing the lead in the crypto market through differential competition.
In the Globalization Strategy, Building a Fresh Brand Value
Within its unique ecosystem, Websea has established a solid foundation of core values. Building upon this foundation, Websea is actively constructing a new brand value through a globalization strategy, aiming to capture a broader user base through product and brand strengths.
Websea has recently concluded offline events in three countries: Dubai, India, and Russia. These events have left a profound impression within the local crypto communities, resonating strongly with traders.
Notably, Websea participated in the 2023 Dubai Financial Expo. At the event, Websea's COO, Herbert R. Sim, provided in-depth insights into Websea's brand values, platform positioning, layout, and distinctive features to thousands of attendees. This garnered further attention and extended the reach of the Websea brand within the Middle Eastern market.
This conference served as an excellent opportunity for Websea to establish its presence in the Middle Eastern market. Many enthusiastic users from the Dubai community actively engaged in Websea's social and X2E sections. Particularly amidst the fervor surrounding the Inscriptions market, the release of Websea's Inscriptions 2.0 section, offering a new no-gas-fee experience, full-chain Inscriptions transactions, gained considerable favor among users in these regions.
On December 24th, Websea attended the "India 2023 Social Exchange for Global Youth Summit." Herbert R. Sim delivered an engaging speech themed around the future of social interaction at this summit. Alongside unveiling several upcoming social features, emphasizing robust community connections, and innovative applications set to debut on the Websea platform, Herbert R. Sim also highlighted the platform's copy-trading system to the Indian trading community, attracting a significant number of traders to participate.
On Christmas Day, Websea also held the 'Moscow Web3 Night' Christmas event in Russia, delving deep into the exploration of the new narrative of Web3.0. This event extensively engaged the community in the Russian market, further strengthening the establishment of a robust user base within the Russian market.
By strategically positioning itself in potential crypto markets like Dubai, India, and Russia, Websea is accelerating its trajectory toward a globalized system. Through its distinct platform culture and products, it's facilitating the entry of a larger global user base into its ecosystem. Looking ahead, Websea plans to expand its ecosystem into more countries and regions, further extending the brand influence of Websea.
Deep Empowerment of WBS Assets
The global expansion strategy is aligning the values, culture, and ecosystem of Websea, garnering recognition from users worldwide. More users are actively participating in the development of the Websea ecosystem, fortifying its value proposition.
Simultaneously, this global expansion of the Websea ecosystem is further reinforcing the robust foundational value of WBS.
WBS stands as the core value of the Websea platform. Currently, Websea has established an incentive system around WBS, rewarding user actions such as trading, social engagement, and inviting other users.
Moreover, around WBS, Websea has constructed numerous burning scenarios. With a fixed total supply of 10 billion WBS, 10% of the generated WBS undergoes burning continuously, resulting in deflation. Additionally, users holding and using WBS can enjoy various discounts and perks during transactions. They can save on transaction fees when buying or selling cryptocurrencies, NFTs, or engaging in any trading processes. This especially benefits frequent traders by reducing their transaction costs. Furthermore, WBS assets can be utilized to purchase various ecosystem services, including access to AI-assisted tools, games, and ecological props.
Users play a pivotal role in propelling the ecological value flywheel. Through means like social referrals, incentive systems, and X2E, the Websea ecosystem has witnessed considerable growth. Within the global landscape, Websea operates within a broader market scope. Under this social structure, the Websea ecosystem is accelerating its user acquisition rate, transforming more users into contributors within the WBS economic system. This will serve as a clear signal for the ascent of WBS value and the rise in market capitalization.
