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What is GRACY

Tokens

1. What is Gracy?

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

  • Gracy's Open Letter: At the beginning of 2024, Gracy released an open letter discussing three major prospects for the crypto 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 Development: Bitget is a leading Tokens exchange and Web3 company that recently released a transparency report for August 2024, showcasing significant growth in its business. The company attracted 1.72 million new users and integrated features like Apple Pay and Google Pay to facilitate global purchases and trading of Tokens.

  • Compliance and Regulation: Bitget appointed Hon Ng as Chief Legal Officer, further strengthening 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 Tokens, while also focusing on compliance and regulation to ensure user safety and asset protection.

2. Who founded Gracy?

According to the provided information, Gracy Chen is not the founder of Tokens 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 Tokens began in 2015 when she started investing in digital currencies like BTC, ETH, and XRP.

3. Which venture capital firms invested in Gracy?

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

  1. BitKeep (now Bitget Wallet): This is the largest Web 3 multi-chain wallet in Asia, and Bitget made a $30 million investment in it, marking a strategic shift from centralized finance (CeFi) to decentralized finance (DeFi).

No other specific venture capital investment information 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 strategy of Bitget in multiple interviews. Here are some key points from her regarding the operation of Tokens:

  1. Team Management and Incentives: Gracy emphasizes an efficient, results-oriented management style, drawing from the experiences of 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 securing top talent, quality assets, and advanced technology at lower costs during the bear market, Bitget can widen its gap with competitors.

  3. Security Strategy: Gracy mentioned that Bitget has implemented numerous checks and new procedures in terms of security to ensure fund safety, maintaining a record of zero security incidents for six years.

  4. Token Listing Strategy: Gracy stated that Bitget will consider listing new cryptocurrencies and will incorporate assessment duration and listing standards into contracts, developing rules for standardizing and providing transparency in the listing process.

  5. CTA AI Trading Bot: Gracy explained the advantages and limitations of the CTA AI strategy, emphasizing AI bots' effectiveness in volatile markets and the use of large candlestick indicators and the provision of TP/SL options to protect users' interests.

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

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