Highly criticized GTX” startup officially announced as an open exchange”

Von Krypto News Österreich

Der in Ungnade gefallene Krypto-VC Zhu Su hat sein nächstes Projekt offiziell angekündigt: „Open Exchange“ – ein Krypto-Marktplatz für den Forderungs- und Derivatehandel. Das Unternehmen soll Investoren helfen, die in der Insolvenzwelle der Industrie im Jahr 2022 Geld verloren haben – obwohl Krypto-Twitter von der Idee nicht gerade begeistert ist. Krypto neu aufbauen Pro a Twitter-Thread ab So am Donnerstag wird der Austausch aufgebaut, indem „all die Schmerzen/Lektionen“ genutzt werden, die das Team aus den Erfahrungen des letzten Jahres gelernt hat. Sus Risikokapitalriese, der zusammen mit Kyle Davies gegründet wurde, Three Arrows Capital (3AC), brach im Juni zusammen, weil er …
The unadorned crypto-VC ZHU SU has officially announced its next project: "Open Exchange"-a crypto marketplace for the demand and derivative trade. The company is said to help investors who lost money in the insolven wave of industry in 2022-although crypto twitter is not exactly enthusiastic about the idea. Build up crypto Pro A Twitter-Thread on Thursday, the exchange will be built up by using "all the pain/lessons" that the team has learned from the experience of the past year. SuS risk capital giant, which was founded together with Kyle Davies, Three Arrows Capital (3AC), collapsed in June because he ... (Symbolbild/KNAT)

The unknown crypto-VC ZHU SU has officially announced his next project: "Open Exchange"-a crypto marketplace for the demand and derivative trade.

The company is said to help investors who lost money in the insolven wave of industry in 2022-although crypto twitter is not exactly enthusiastic about the idea.

rebuild the crypto

Pro a Twitter thread From Thursday, the exchange will be built up by using "all the pain/lessons" that the team has learned from the experience of last year. SuS risk capital giant, which was founded together with Kyle Davies, Three Arrows Capital (3AC), collapsed in June because he was too much exposed to the no longer existing cryptocurrency Terra (Luna).

June 1st/July was for me, Kyle and our creditors complete darkness after our bet on accelerating the introduction of crypto had proven to be fatal

We were crushed by the collapse of the market and the way our inappropriate conviction had contributed to the pain https://t.co/eo5jljrlu7

- ZHU SU 🔺 (@ZHUSU) 9. February 2023

The company was founded in partnership with Mark Lamb, CEO von Coinflex,, whose stock exchange also went bankrupt afterwards losing money on a loan to Roger ver. Open Exchange will use the existing tokens of Coinflex, Flex, as its own primary token.

The product is intended to combine the user interface of CEFI exchanges with the trustlessness of defi exchanges. It will also provide a marketplace for included claims within 3AC, Voyager, FTX, Celsius and others to find a public marketplace and to enable users to restore.

"We spoke to creditors about several plans. Everyone we spoke to thought that this was the smartest way to use our existing resources," said the founder.

Speculation about the new stock exchange began to spread last month when they were still under the preliminary name ' gtx at that time that his believers said the greatest Share owner of the end product would be.

a second chance?

Many are pessimistic about the idea of ​​a new crypto startup, led by managers who have already failed. Popular on-chain-Spürhund ZachxBT, replied to suS announcement with "I hope the rest of 2023 gets worse for you."

block tower founder Ari paul added that the stock exchange will most likely work and is misunderstood by the users, since insolvency claims are not funny and therefore cannot be treated easily.

instead of getting my money back, can I gamble away my demands on a new stock exchange that was built by the people who owe me these demands? pic.twitter.com/4ms1fb1adv

-Nassim (@smoltaleb) 9. February 2023

The founder, on the other hand, sees his mistakes as valuable experience:

"I believe that those who fail, often learn most about risk and hybris, while those who have not experienced it are often determined to learn it later," he wrote. "Those who do it have the responsibility not to give up, but to take the pain on themselves and to rebuild them without compromising what they have learned."

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