Execution System Design
We adopt a modular execution plan rather than applying a single operating model.
Our Core Understanding of Market Value Management
Our Core Understanding of Market Value Management
- In our framework, market value management is by no means simply price intervention, nor do we set our objective as controlling short-term price fluctuations.The essence of market value is the pricing outcome comprehensively formed by the market at a specific stage, based on the asset’s fundamental level, liquidity structure, and expectations for future development. Therefore, the core of scientific market value management is to help improve the market’s price discovery mechanism, rather than one-sidedly pursuing a specific price level.The core of our work has never been to “forcibly push up prices,” but to reduce structural deviations in market pricing through systematic and sustainable management methods, enabling market prices to more closely reflect and better align with the asset’s long-term intrinsic value.Please always be clear: market value is the result presented after management optimization, not a tool to be manipulated.
Market Value Management
The Four Core Principles of Market Value Management
Prioritize structure, not short-term price
Short-term price fluctuations cannot truly reflect an asset’s long-term value. Therefore, we focus more on underlying core factors such as token circulation and lock-up ratios, investor position distribution, unlock schedules, and market trading depth, optimizing from the foundation up.
Put data at the core and eliminate subjective judgment
All analysis, evaluation, and decision-making are based on quantitative indicators, historical data ranges, and probability distribution patterns, fully avoiding interference from emotions, single viewpoints, or market narratives, ensuring that judgments are objective and reliable.
Pursue optimal risk-adjusted efficiency
Our goal is not simply to maximize returns, but to achieve the optimal allocation of capital and liquidity resources while keeping risks under control, improving overall utilization efficiency.
Maintain consistency in long-term logic
Any action taken for short-term effect that undermines the stability of the long-term market structure is not recognized in our framework and will never be adopted.
Complete Framework for Market Value Management
Complete Framework for Market Value Management
Data Standards and Effectiveness Evaluation
All evaluations are based on trend changes within statistical periods, rather than a single price point or short-term market performance.
Risk Control and Compliance Statement
All participants must fully understand and independently assume the relevant risks.
Summary of Market Value Management
Summary of Market Value Management
In a highly volatile market environment overloaded with information, what is truly scarce is never a particular opinion, but a stable, repeatable decision-making framework that can be continuously validated. The essence of market cap management has never been about predicting future prices, but about continuously optimizing the underlying structure in an uncertain market and making more valuable choices.
Complete Framework for Market Value Management
Complete Framework for Market Value Management
The entire management framework consists of four mutually independent modules that also coordinate with and balance one another, covering full-dimensional management needs:
Ⅰ. Market Structure Analysis
Key focus: the supply ratio of circulating and non-circulating tokens, position concentration and token distribution characteristics, and the pacing plan for token release and unlocks. Core objective: to ease market pressure caused by concentrated selling, making the price discovery process more stable and more continuous.
Ⅱ. Liquidity and Trading Quality Monitoring
Key focus: changes in order book depth and bid-ask spreads, trading continuity and abnormal interruptions, and dynamic monitoring of price volatility ranges and volatility conditions. Core objective: to improve the asset’s actual tradability, prevent irrational volatility from being amplified unreasonably, and maintain trading order.
Ⅲ. Market Expectations and Information Cadence Management
Key focus: planning the cadence of information disclosure, analyzing market feedback before and after major events, and quantitatively tracking market and community sentiment. Core objective: to reduce the gap between market expectations and actual conditions, and avoid sharp price swings caused by expectation mismatches.
Ⅳ. Cycle and Risk Identification
Key focus: positioning within the macro environment and industry development cycle, real-time monitoring of idiosyncratic risks, and stress testing under extreme market scenarios. Core objective: to make decision-making more forward-looking, as well as more robust and reliable, in a complex and rapidly changing market environment.