CZ forwarded Kuai Dong’s disclosure article on market maker Web3Port

CoinRank News: CZ forwarded Kuai Dongs (@_FORAB) disclosure article on market maker Web3Port. The highlights of the article include: May Liu and her team established a complete arbitrage pipeline from Spark Digital Capital to Web3Port and then to Whisper. Initially, Spark operated in the name of VC, but actually relied on market outsourcing + FA business to let VC invest in projects and obtain free tokens themselves. After the industrys internal rollback in 21 and 22, 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. However, the incubator alone could not realize the cash, so the market maker Whisper was established. In the name of market making, it actually created a delivery window for the free tokens in its hands. In the end, this system became a complete pipeline from packaging financing to exit, and Binance retail investors became the final payers.