Bitget IPO Prime on the line, stories about games and choices not written in the bulletin

A lot of people ask me, why would Bitget go so hard on Pre-IPO assets? Isn't it easier to go straight to a few hotly encrypted currencies or a dollar token

The answer is simple: since Bitget's target is Universal Exchange (UEX), I want the global assets that our users are interested in trading, so even if Pre-IPO assets are de-standardized and face the violent collision of traditional law, regulation, and the will of the targeted companies themselves, we have to face up to it。

Today, I would like to talk about the stories on games and choices that were not written in the bulletin, behind the first IPO Prime project。

Why SpaceX? Because that's the beginning of the "Star Brain."

Early this year, Elon Musk made a crazy decision: SpaceX acquired XAI。

THE NARRATIVE BEHIND THIS IS AMAZING -- BRINGING AI AND ALGORITHMS INTO SPACE, BUILDING THE ORBITAL BRAIN。

When we discuss the composition of UEX assets, in addition to currency, RWA, large commodities, this Pre-IPO asset, which represents the future of humanity, is also an anchor for strengthening UEX trends. So SpaceX became our first pilot option。

searching for the `ferries': two years' and last year's & nbsp;

Photo taken with Andrew at the New York office of Republic Crypto

I met Co-CEO Andrew Durgee from Republic Crypto two years ago, and he's one of my many "eyes" in America. I have often asked him about American encryption policies and hidden discussions in the White House. And at the corporate level, we've been doing a deep study of Republic Crystal and their products since last September. It was not until early this year that we decided to officially advance Pre-IPO cooperation。

Why republic? Because Pre-IPO markets are so messy. Underlying assets of many platforms are unclear, some do not fully hold corresponding shares at the bottom and others are too small, and the problem is that there are insufficient licence plates and high risks。

We finally chose Republic because they were full-licensed: a complete chain of assets from “Issuance” to “Distribution” to “trade” and a cross-jurisdictional compliance operational and end-to-end RWA service capability, a few global platforms that simultaneously have compliance credentials in Europe and Asia. The shareholders behind them are also top camp, including Valor Equity Partners (early investors in Tesla and SpaceX), Morgan Stanley, and Avalanche, Binance Labs (now Yzi Labs) in the Web3 area。

Our model of cooperation is very rigid: it must require ownership of the corresponding Pre-IPO shares (e.g. SpaceX), usually held by an independent SPV, and Republic monetizes SPV interests. This approach avoids the difficulty of directly modifying the SpaceX shareholders ' roster, while achieving a very high breakdown of shares。

Republic offers a full set of RWA (real world assets) uplink programs, including smart contract audits, KYC/AML integration and all-life management of tokens。

last sprint: those sleeps disappear and the sincerity of about $6,000 worth of pool

In the first half of this year, the Pre-IPO market was highly volatile. After SpaceX acquired XAI (i.e. Grok), market pricing was in a state of disarray and the transfer of lower-level assets was restricted。

In a very short period of time, we need to re-verification of assets, coordination of equity sellers, persuasion of the Regulic compliance officer, and the processing of repeated saws on the contract particulars of products, legal affairs, etc., within Bitget。

We insist on lowering the subscription threshold and getting a share of the total pool of about $6,000, which users can use for USDT and which also designs free air drops for VIP users (US$ 500,000). Because we want Web3 users to share the stars and oceans of Marsk, like the top winds。

Address to User

What we need most in designing this product is to give the user an answer, at least for the user's sake:

1. Price security:Pricing at $650 (i.e. $1.5 million for corresponding assets) is below the market reference price (the market reference price includes the potentially trillion-dollar valuation of SpaceX mentioned in Financial News, over 800 transaction prices on other private stock trading platforms, over 700 transaction prices in coins and 1.5 to 2.5 times the projected market)
2. Exit route:Upon completion of the subscription, users may participate in Platform P2P off-site transactions with liquidity exits, or hold it for a long period of six months after SpaceX is listed, and redeem it at that time at Bitget ' s price。
3. IPO FORECLOSURE:THE AGREEMENT SIGNED BY THE USER AT THE TIME OF THE REQUISITION WILL SPECIFY THE RANSOM PROCESS AND THE PRICE OF THE IPO CANCELLATION。
4. Tripartite risk:Bitget, as a tripartite issuer, would safeguard user interests。

CONCLUSION: UEX, NOT SLOGAN, ACTION

The IPO Prime online is an important milestone across Bitget from CEX Central Exchange to UEX Panorama Exchange。

Not to say absolutely perfect, but it is the best possible solution that we can do in the market and that we can answer to users。

UEX IS NOT A SLOGAN, IT IS OUR BELIEF IN FINANCIAL EQUITY。

Project risk tips:

• Market risk:SpaceX was influenced by policy or was not recognized as a road show, which could lead to a decrease in the price of the token and a loss for users。
• IPO DEFERRAL OR CANCELLATION RISK:SpaceX IPO extensions or cancellations affect the expectation of higher prices, which users are required to exchange as agreed in the subscription agreement。