The industry scandal exposed by the FTX is still ongoing throughout the crypto industry. The reason is that current crypto projects and funds lack effective tools to manage their assets and relationships with investors in a transparent manner, and investors cannot really control the situation of funds within the project or fund. Investors simply transfer assets using void legal contracts, at their own risk, with no real protection, or even using any contracts at all.
On the other hand, founders of crypto projects have no incentive to develop their projects after successfully raising funds and sometimes engage in exit scams such as rug pulling or just mimicking project activity without actually looking for real customers and product-market fit. Now, investors are not immune(i’myoon) to any of these activities. An alternative solution needs to be found as the current legal system has proven to be costly, inefficient and creates more headaches for founders than truly protecting investors
Investing in DAOs can be a solution to the lack of transparency, but because current DAO builders lack mass adoption, developing a custom DAO for a project or fund requires developing it from scratch, which is costly and efficient low.
The guest we invited today is an expert in asset management DAOs. Using today's topic, let us see if we can find an efficient and feasible personal asset management method.
welcome Vladimir Prosvirkin.