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

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

Bet on the spot currency products and people on ta.

The founder is named Chen Jidong, and you can Google him if you're Chinese. This guy is the one who developed Alipay's facial recognition payment system. Without him, there would be no current facial scanning system.

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

It can be said that it is one of the few web2 entrepreneurs who have a strong background and capabilities.

Chen Jidong's transplantation of the identity authentication system from Web2 to Web3, creating an on-chain authentication product, can be considered an infrastructure project.

Chen Jidong's identity (General Manager of Ant Financial's Global Trusted Identity Platform for the Asia-Pacific region) determines why he was able to secure an 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 that it is not led by Alibaba, but the investments and employees involved are all from Alibaba.

The background of this type of project is really super strong, enough to serve as a gateway for SPOT. In my eyes, it is actually the same as Tencent's investment in C, and a while ago, $TA and $C reached a strategic cooperation, though it is unclear whether it is because they are both large 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 going to briefly mention this, and everyone can dig deeper into the background and capabilities.