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What is GRACY

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1. What is Gracy?

Gracy is the CEO of Bitget, primarily responsible for promoting the development and application of cryptocurrency. Here is some information about Gracy and Bitget:

  • Gracy's Open Letter: Gracy released an open letter at the beginning of 2024, discussing three major outlooks for the cryptocurrency world in 2024, including the impact of the development of LSD (Liquid Staking Derivatives) and LSDFI (Liquid Staking Derivatives Finance) projects on the Ethereum ecosystem.

  • Bitget's Growth: Bitget is a leading cryptocurrency exchange and Web3 company that recently published a transparency report for August 2024, showcasing significant growth in its business. The company has onboarded 1.72 million new users and integrated functionalities like Apple Pay and Google Pay to facilitate global purchases and trading of cryptocurrencies.

  • Compliance and Regulation: Bitget appointed Hon Ng as the Chief Legal Officer, further enhancing its compliance and regulatory efforts to ensure the company adheres to relevant laws and regulations globally.

In summary, Gracy and Bitget are dedicated to promoting the development and application of cryptocurrency while focusing on compliance and regulation to ensure user safety and asset protection.

2. Who founded Gracy?

According to the information provided, Gracy Chen is not the founder of cryptocurrency, but the CEO of Bitget. She was appointed as CEO in May 2024 and has over 10 years of management, marketing, and investment experience. Her interest in cryptocurrency began in 2015 when she started investing in cryptocurrencies like BTC, ETH, and XRP.

3. Which venture capital invested in Gracy?

According to the provided information, Gracy Chen (Managing Director of Bitget) has invested in several crypto startups, including:

  1. BitKeep (now Bitget Wallet): This is Asia's largest Web3 multi-chain wallet, in which Bitget invested $30 million, marking a strategic expansion from centralized finance (CeFi) to decentralized finance (DeFi) business.

No specific information about other venture capital investments was explicitly mentioned in the provided search results.

4. How does Gracy operate?

Gracy Chen is the CEO of Bitget, and she has shared the operational philosophy and strategies of Bitget in several interviews. Here are some key points she mentioned about cryptocurrency operations:

  1. Team Management and Incentives: Gracy emphasised an efficient, results-oriented management style, drawing on experiences from large companies, such as Huawei and ByteDance's OKR system, to enhance management and global promotion.

  2. Expansion Strategy: During the bear market, Bitget chose to expand rather than downsize, as Gracy believes this is a marathon, not a sprint, and maintaining a good pace is crucial. By acquiring top talent, high-quality assets, and advanced technology at a lower cost during the bear market, Bitget can widen the gap with its competitors.

  3. Security Strategy: Gracy mentioned that Bitget has undertaken extensive checks and added procedures to ensure the safety of funds, maintaining a six-year record with no security incidents.

  4. Token Listing Strategy: Gracy indicated that Bitget will consider listing new tokens and will include assessment timelines and token listing standards in contracts, establishing rules for delisting to make the process structured, systematic, and transparent.

  5. CTA AI Trading Bot: Gracy explained the advantages and limitations of the CTA AI strategy, emphasising that AI bots are more effective in volatile markets and use large candlestick calculations to provide indicators and stop-loss options to protect users' interests.

In conclusion, Gracy's cryptocurrency operational philosophy emphasises the importance of team management, strategic expansion, security assurance, token listing strategies, and AI trading bots.

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