First, let me answer all kinds of questions from you. We don't have ICO and we don't issue coins. We are a physical startup company that combines Web2 and Web3 and fully complies with domestic laws and regulations.
We are currently a traditional company with a partnership shareholding system. The subsequent trademarks, companies, office space, live broadcasts and the entire operation process will be registered and operated in China. At this stage, we are a very simple traditional startup company that integrates Web3 culture into products. We have partners and abide by the shareholding system. We are not in a hurry to issue coins. Issuing coins proves that our company's business is moving towards the TOKEN business of Web3, which is the so-called RWA of the company's business.
I know there are many partners who want to join, but you must think clearly. We are currently a traditional startup company. We will not choose to issue coins or virtual disks. Doing so also goes against the original intention of our project, which is to find commercial and industrial value from Web3 culture and bring a new business model to the Web3 ecosystem. Web3 has friends from all over the world and huge traditional market potential to be developed.
It can be understood that we are a company that complies with laws and regulations and combines Web2, Web3 and traditional industries. We will have substantial profits and issue coins in the future, and we will separate the business overseas for legal and compliant tokenization.
Our current partners are also aiming to build a traditional brand that integrates Web3 culture into the real world of industrial commerce. Although the road is long, we will reach our destination!