CZ reposted Kuai Dong's (@_FORAB) disclosure of market maker Web3Port, which stated:
May Liu, a key figure in Web3Port, and his team built a "brokerage pipeline on Binance," from Spark Digital Capital to Web3Port to Whisper.
At first, Spark operated under the name of VC, actually relying on market outsourcing + FA business, allowing VCs to invest in projects and obtain free tokens themselves. After 21 or 22 years of industry involvement, the project parties were unwilling to give tokens for free. They turned to the incubator model and established Web3Port to provide project packaging and VC docking in exchange for 1-3% tokens.
But the incubator alone could not be liquidated, so Whisper, a market maker, was established in the name of market making, which actually created a shipping window for the free tokens in his hands. In the end, this system became a complete assembly line from packaging financing to exit, and Binance retail investors became the final buyers.
Previously, Kuai Dong said that the passive market maker of GPS and SHELL is GSR, and the active market maker is Web3port.
CZ forwards suspected misconduct market maker Web3Port broke the news
2025-03-09 15:17:15
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