A Guide for Female Entrepreneurs to Enter the Cryptocurrency Circle - Interview with Maggie Wu, Founder of TruBit Pro

Original author: Eva

From Xiamen University to MIT, from entrepreneur to investor, all in the blockchain encryption industry for 17 years, 8 in the circle In the year, he was the founder of veteran capital in the currency circle and the leading wallet/trading platform in Latin America.

When I received this interview outline, which was about "the stories behind female entrepreneurs in the currency circle", I was both surprised and excited.

In the field of cryptocurrency, people pay more attention to specific projects, companies, technologies, markets and resource expansion, but relatively little attention is paid to female entrepreneurship. author’s story.

Although I don’t know if I am representative, I am willing to be a sharer and tell you about my experiences with blockchain in the past 8 years since I have been in the industry. s story.

Every step counts

"Is it useful to do more and learn more without expecting any reward?"

It may be unexpected, but my undergraduate major is English. But starting from my sophomore year, I went to intern at major companies. Within two years, I worked my way from the bottom to the management level. When I was about to graduate, I was invited to start a business with another company and become a partner.

At that time, people around me had the impression that I was diligent, studious, and willing to work. I never turn down an opportunity to learn, even if it doesn’t seem to be my cup of tea at the moment. I always believe, every step counts. Doing more means accumulating more experience, and experience is the weight of success when I am chosen by an opportunity.

After graduating from college, I went to the United States and started doing international trade. I earned my "first pot of gold" in life, and then slowly started to switch to traditional business. Investment, and thus became friends with many seniors in the investment circle.

By chance in 2017, I heard discussions about blockchain and Bitcoin from my seniors, which aroused my great interest.

I have always been a curious person, full of desire to explore new things. So when I first came across these unfamiliar terms, I couldn’t wait to dig deeper. Read the whitepaper, buy digital assets, trade, and soon I was completely immersed.

Not long after, I made a major decision - all in blockchain, all in Bitcoin.

People always have to participate in the great wave of the times

Later many people asked me: " Why do you dare to go all in so quickly? What makes you so sure?"

Maybe it was all the previous accumulation that supported me in making this decision at that important moment. In the era of the rise of the Internet, I was still young and had no chance to participate. When the blockchain era comes, I firmly believe that this is a huge opportunity that belongs to my era. I don’t want to miss it. I hope that I can follow the wave of the times at least once in my life.

At the end of 2017, I held a project overseas introduction meeting and invited many friends who were interested in blockchain to communicate with me. At the meeting, I met and later established Capital ’s first partner.

A few months later, the project we incubated together was a huge success. Subsequently, it was a matter of course to establish our first capital company, Krypital Group, which focuses on investing in venture capital in the blockchain and encryption fields.

Thanks to our first successful case, many project parties came to our door, and the company developed at lightning speed. Looking back now, all of this can be seen as both a reward for being all in the industry and a lesson in my failure to adequately prepare for the coming bear market.

In the second half of 2018, Bitcoin fell from US$8,448 to US$3,155.2, more than half of it. That was my first time experiencing a bear market.

That was a very profound and important memory in my life, and it was probably the hardest time since I joined the industry. The market is in turmoil. No one knows how long the bear market will last. No one can see hope. Where does the company go from here? Every day is filled with anxiety.

But what is grateful is that our team did not give up and actively stayed in the industry to usher in the next bull market.

Have faith and dare to take responsibility; ride the waves and set sail

From 17 So far this year, I have experienced the third bear-bull cycle. Peers around me come and go, but I am always here. If you ask me, what is the reason that supports me to get to where I am today? The answer is to believe and persevere.

When encountering difficulties and solving them, making brave choices, facing them bravely, and perseverance are my attitudes. In addition, I will not lose confidence in the market just because of a bear market. I always believe that blockchain is essentially a disruptive innovation. There may be bad people using it to do bad things, but the value of the technology itself is undeniable, and the bear market is a good opportunity to collect a large number of high-quality chips at low prices.

Hard work pays off. Our unremitting efforts have also continued to receive recognition and support from investors. I quickly entered a new round of learning, reviewing, thinking, upgrading, and searching. Expand more knowledge based on previous business, including risk control, hedging, secondary market, market making and trading platform...

So, before the DeFi track became popular in 2020, we invested in many high-quality projects and obtained good returns. After further accumulating capital and talent reserves, the currency circle has brought me new development opportunities.

In 2019, I was introduced to the Latin American market. After an in-depth understanding, we found that inflation in Latin America is serious and the traditional financial system is relatively backward. Digital currency is a natural fit for this market.

At first, I wanted to invest in a number of Latin American projects, but unfortunately I did not find a suitable investment target. So our team decided to start again. At the beginning of 2020, we founded the brand TruBit in Latin America - a wallet ( TruBit ) and trading platform ( TruBit Pro ) in one Compliant digital currency platform.

After experiencing the bear market for 18 years, I deeply understand the importance of compliance and risk control for the blockchain cryptocurrency industry. Therefore, during the past few years of development in Latin America, I often traveled between different Latin American countries to understand the needs of first-hand users and obtain licenses.

Since its establishment, we have obtained financial technology and payment regulatory licenses from Mexico (VASP), Argentina (PSP) and other countries, and have connected with local banks. Deposits and withdrawals of legal currency. At the same time, both spot and contract trading volumes rank first in Latin America, and there have never been any safety incidents in the four years of operation.

It is precisely because of these continuous learning and accumulation that we will once again usher in a new chapter in 2024: TruBit Pro Exchange officially enters the Asian market! A new bull market is unfolding, and a new journey has just begun. We are full of expectations. What a magnificent ocean this journey will take us to explore.

The final words

Maybe after reading this, you will think that my entrepreneurial journey Lu is not particularly special because of his gender. Whether we are men or women, we all bear responsibilities to users, teams and investors; at the same time, we also need to continue to maintain a passion for learning and the courage to challenge ourselves.

On the road to entrepreneurship, it is important to do your best, not to care too much about other people's opinions, handle work with a professional attitude, and focus on results. Of course, we still need to protect ourselves from those who disrespect or even offend women.

I wish every entrepreneur a future as vast as the stars and the sea, and our industry is increasingly prosperous.

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