Wang Xin, founding father of Qvod and a widely known serial entrepreneur, introduced that he has elevated his holdings of FAIR³ tokens throughout a current Binance China Group Q&A.
Though he didn’t disclose the precise quantity of his funding, the market shortly reacted, driving the token value up by greater than 30% in a brief time period. As of the final replace, FAIR³ is buying and selling at $0.01767. Nevertheless, the token isn’t but listed on centralized exchanges and might be excessive danger and may be a fraudulent pump-dump scheme.
Wang has beforehand expressed his dedication to the Web3 ecosystem and expressed curiosity in initiatives that assist the rules of technological justice. “I’ve all the time joined Web3 with a studying angle, so I assist the FAIR³ token, which is devoted to technical justice. As talked about within the earlier AMA, though I can’t be personally issuing cash, I’ll stay dedicated to technical justice and contribute as a lot as I can,” he stated.
The entrepreneur’s involvement in Web3 comes after a turbulent previous. Wang Xin was an early pioneer of China’s on-line video streaming business, however grew to become a controversial determine after he was sentenced to jail in 2016. Beijing’s Haidian District Individuals’s Court docket sentenced Wang Xin to a few and a half years in jail and fined him 1 million yuan (about $159 million on the time).
Two weeks in the past, Wang took to social media to reiterate his assist for FAIR³ and broader technological justice initiatives. Within the publish, he revealed that he had bought 200 SOL value of the altcoin, half of which was earmarked for a assist fund devoted to technological justice and synthetic intelligence.
*This isn’t funding recommendation.
