In Shenchao’s Chinese encryption survey, I was reminded of a happy past event.

A story about a Web3 practitioner and Binance, and the experience of following Binance Labs to achieve a hundredfold return!

In 2020, Happy joined a well-known game company as a core developer by chance. After working for half a year, the game was successfully launched and achieved a monthly turnover of 30 million.

In 2021, Happy learned that a sister department was developing a "web game", which puzzled him. In his opinion, web games had been abandoned by the times as early as 2014-2015, and mobile games were the mainstream. One morning, a message came from the company's core group that the company's token had been launched on Pancake, and a link to AVE was attached. Happy took a look and closed it.

In the next half month, he occasionally heard colleagues mention the rise and fall of tokens, but Happy remained indifferent. After all, he believed that blockchain was a scam.

As the project that Happy was in charge of gradually entered the end of its life cycle, the business was no longer busy, and his interactions with other departments became more frequent. At the suggestion of a colleague and friend, Happy deposited 2,000 RMB through Binance, when the price of $BNB was $220.

With the mentality that it doesn't matter if he loses all the 2,000 yuan, Happy frequently trades in the company's tokens, buying in the evening and selling in the morning, buying in the morning and selling in the evening. This period may be the happiest time for Happy in the cryptocurrency circle, because the cryptocurrency circle is right beside him. A month later, Happy's funds increased from 2,000 yuan to more than 4,000 yuan.

Therefore, Happy became a "talent" in the company who was more familiar with the cryptocurrency circle, and joined a brother department out of interest.

Since then, the first tab of Happy's office computer browser has changed from JIRA to DexTools. Even if the currently opened tab is work-related, he can see the currency price from the tab bar, which is also a kind of "slacking off".

One day, a young man came to the company, wearing a business suit and walked into the meeting room next door with several leaders of the company. Happy was very puzzled, why did the company have an agent? After the meeting ended and the young man left, a leader cursed and said: "Damn, you said our game is not fun, how can an outsider know what is fun? You have seen fewer games than I have played!" Later I learned that the person who came was from Binance, hahahaha.

Not long after, the cryptocurrency trading group went crazy one day, and the company's tokens rose by 300%+. A senior fellow sent a link and a screenshot of the list of shortlisted projects for Binance MVB XX period, and the web game project where Happy was working was on the list!

Afterwards, the web game project interacted frequently with Binance official media, BSC NEWS, BSC Daily and other media, and would often expose trading rankings, coin holding user growth rankings and price increase rankings, and every time at the top price of the favorable news, there would be a sell order from Happy.

Slowly, with various advantages, Happy's funds gradually increased from 2,000 yuan to 30,000 yuan, and he also changed from a "newbie" to a "newbie" to a thinking leek.

One night, Happy read the new MVB and chose MOBOX. He casually said in the cryptocurrency trading group, "This coin is good." Unexpectedly, MOBOX was listed on Binance the next day and took off directly. Then there was a wave of praise from the group. Since then, Happy has established his own position in the group.

After hitting several projects through MVB, Happy almost became the commander of the small group, and he could hit whatever he wanted. But since it was not his company's project, no one dared to invest a large amount of money. Moreover, it was common for people to make money happily and to lose money with anger. Gradually, Happy stopped recommending projects in the small group.

As time went by, Happy's investment also increased from 2,000 yuan to 10,000 yuan. After experiencing projects such as BunnyPark, Alpaca, and Star Shark (I forgot the English name, but I remember it was borrowed from Tencent), the total amount of funds also reached 100,000 yuan. The only drawback is that the company's project coin price has been stagnant for several months, and the full circulation market value is enough to buy the office building under construction opposite!

As a thoughtful investor, Happy plans to give up his channel advantage and look for his next wealth-making opportunity.

Still using MVB as the first screening, this time Happy selected a DEX project. This was his first time to truly understand a project and also his first time to truly understand DeFi.

He found that he could mine by simply exchanging the coins in his hand for half U and half coins and storing them together. The income was very considerable. He could earn more than 300 yuan a day with 100,000 yuan. Moreover, if the price of the coin goes up, he will earn more money, and if the price of the coin goes down, he will earn more coins. This is simply a blessing for the hoarders!

That’s not all. If you hold DEX tokens and mine a single coin, you can earn about 80 yuan a day. Who can afford this? And you can also take the DEX tokens to other places for mining. The APR for the first few hours of mining can be as high as 3000% or even 10000%.

Unfortunately, the token has been falling for three consecutive months since it was spotted by Happy, with the lowest point falling by more than 50% from the highest point. Happy's 100,000 yuan was also turned into DEX tokens. Although there is mining support, the final value is only 60,000 to 70,000 yuan.

After three months of hard work, Happy finally had his own understanding of the cryptocurrency world. He understood what a roadmap is, what token economics is, and why listing on Binance is a glorious moment for the project!

Finally, one day, the project officially announced that the game would be launched soon, and Mint NFT would be released before the game was released. Perhaps the 10,000-fold increase in BNX was too attractive, or the profit in the hands of the dealer was high enough after three consecutive months of washing the market, and the price of the coin rose 10 times in 3 hours. Happy has forgotten the highest price, but only remembers that after the LP was released, the total assets in his hands had reached 15 WU, which is about 100 W yuan in RMB.

So far, a hundredfold profit has been achieved, but Happy’s story continues~~~

At that time, Happy’s circle was basically fixed on GameFi, and as a game developer, he had stricter standards for judging the quality of games. Considering the quality of GameFi’s games at that time, he gave up this more familiar track. In fact, he was waiting for several blockchain projects at that time, but unfortunately GameFi collapsed later.

The DeFi project is naturally suitable for blockchain, although the project chosen by Happy is finally GameFi, 🤷

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Here are some interesting things. CZ and Binance started in Shanghai, so the blockchain atmosphere in Shanghai is pretty good. I have come into contact with many blockchain projects in Shanghai, and Shanghai is even more friendly to blockchain. There are still Metaverse promotional slogans in Caohejing.

I listened to a few bosses telling stories at a dinner party and remembered two sentences. First, you can't hold on. XX $BNB and I didn't hold on either. We ran away when the price rose to 2 yuan. Second, when Zhao Changpeng and I played Texas Hold'em together, we actually found that people with a little more experience in the cryptocurrency circle also love Texas Hold'em.

Original text of the Chinese Crypto Market Survey: https://www.binance.com/zh-CN/square/post/12379028148009