It hasn't started to rise yet, and I'm still facing unrealized losses. Let me first talk about the background of the project; it might pump in a few days, and the market will start to boast about this background.

The tac spot betting is due to the track and performance.

Bet on the spot currency products and people on ta.

The founder is named Chen Jidong. Chinese people can Google it; Alipay's facial recognition payment was created by this guy. Without him, there would be no current facial recognition system.

I remember his level at Alibaba is P10, you can check the value of this. He brought a group of Alibaba people to start a business in web3.

It can be said that it is one of the few Web2 entrepreneurs who have come over and have founders with a strong enough background and capability.

Chen Jidong's project of transplanting the identity authentication system from Web2 to create on-chain authentication in Web3 can be considered an infrastructure project.

Chen Jidong's identity (General Manager of Ant Financial's Global Trusted Identity Platform for Asia) explains why he was able to secure investment from Wu Yongming (Yuanjing Capital, co-founder of Alibaba, one of the eighteen Arhats), and it is the only investment from Yuanjing Capital in Web3.

It can also be understood that this is an Alibaba project, just not made by Alibaba, but the investments and employees inside are all from Alibaba.

The background of these projects is really strong enough to serve as a gate for SPOT. In my eyes, Tencent's investment in C is actually the same, and recently $TA and $C also reached a strategic cooperation. It is unclear whether this is because they are both well-known web2 companies that know each other privately.

Maybe only after this project rises will everyone realize: "Wow! I actually missed this."

A lot of information is out in the open, I'm just briefly mentioning it here, and everyone can dig deeper into the background and capabilities.