The era has opened where "performance" becomes the criterion for altcoin investment. As projects with performance and fundamentals gain attention, blockchain practical investors discussed topics such as performance verification through on-chain data, connecting ecosystem-based sales with token value, and changes that stablecoin legislation will bring.
On the 24th, a panel discussion on the theme "Altcoin Investment, Now Performance is the Criterion" was held at the Global Web3 Roadshow 'IXO™ Season 3' at the Seoul Textile Center. Cho Dong-hyun, CEO of Refined, served as the moderator, with Lim Dong-min, CEO of Indicon Research, and Shin Sung-heon, Business Lead of Flow Ground, participating as panelists.
CEO Cho Dong-hyun emphasized, "Altcoins are technology-based assets and should not be viewed solely as speculative. They are perceived as speculative due to traders' perspectives, but in reality, important technologies are inherent, and these technologies formed the basis for Bitcoin breaking through $10,000."
Business Lead Shin Sung-heon stated, "As the regulatory environment is being organized, the trend of evaluating altcoins based on performance is strengthening. Projects that have formed high market capitalizations simply based on backers or listing status will eventually be eliminated from the market. The structure is changing to where actual performance such as sales, user utilization, and problem-solving capabilities become the core evaluation criteria."
He added, "While direct profit return is cautious due to securities issues in domestic regulations, we are considering structures where service growth and sales can return value to token holders. When sales occur, we burn tokens or reinvest in ecosystem activation, and so far, we have burned approximately 20 million tokens."
CEO Lim Dong-min emphasized, "Altcoins are essential alternative assets that constitute the blockchain and crypto market ecosystem. Beyond the speculative flow like the past ICO boom, altcoins are being reorganized around projects with performance and fundamentals, alongside Bitcoin, which has established itself as a mainstream asset."
Regarding the importance of evaluating altcoins based on performance, CEO Cho Dong-hyun explained, "The domestic stock market also had minimal shareholder returns in the past, but now dividends and treasury stock purchases are activated, reevaluating corporate value. Altcoins are also going through a growth process like startups, and performance and fundamentals are gradually becoming important criteria."
He added, "The altcoin market has been in an upward trend since October 2023, with top DeFi-based coins often rising 3-5 times. Some DeFi protocols record annual sales over 1 trillion won with over 70% operating profit margins."
He said, "Blockchain technology has strengths in transparency and timeliness, and investors should actively utilize on-chain data. As information asymmetry still exists in the market, there are many opportunities to discover undervalued altcoins."
The panelists also shared opinions on the recently passed stablecoin legislation and its impact.
CEO Lim Dong-min predicted, "The stablecoin bill will accelerate the transition to a performance-centered market along with expanded use cases. An environment is being created where various altcoin projects like ETFs, DeFi, and Non-Fungible Tokens will be actively developed." He added, "By utilizing won-based stablecoins, Korea can secure new growth momentum in the financial product export market."
Business Lead Shin Sung-heon noted, "The Genius bill provides a basis for stablecoin businesses to be clearly operated within country-specific regulatory frameworks. Various services and business models using won-based stablecoins will emerge in Korea." He explained, "If user-friendly wallet infrastructure and DeFi connectivity are established, blockchain services centered on stablecoins will spread rapidly."
CEO Cho Dong-hyun expressed expectations, "The expansion of the stablecoin market will be an opportunity to bring various participants into the blockchain market. An environment will be created where businesses, financial institutions, and general consumers naturally use blockchain-based services."
'IXO™ Season 3' was planned as a practical Web3 conference focusing on projects that have proven actual usability and profitability, with the slogan "Proof of Business". It was jointly hosted by blockchain media Token Post and Coin Leaders, and co-organized by the decentralized data trust protocol 'OpenLedger'.
Season 3 was composed as a practical Web3 conference that highlights only projects that have actually proven technical vision, usability, profitability, and user base beyond marketing. Domestic and international blockchain experts, DAO operators, practical investors, researchers, and traders participated to provide effective insights, with project booths, custody demos, and networking as an experiential B2C roadshow.
IXO™ Season 3 registration is possible through the Luma link. Real-time announcements and more details can be found through the following social media channels.
IXO™ 2024 Official Channels
Website https://www.ixo.day
Twitter https://twitter.com/ixo_day
LinkedIn https://www.linkedin.com/showcase/ixoday
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