Review the history of Chinese cryptocurrency network — — Let’s start from Cheku Café

"I think, if it were not Cheku Café, there would be no Chinese cryptocurrency network. All the people coming out of Cheku Café created the current Chinese cryptocurrency network. So, Cheku Café is a very mysterious place.” — — Chandler Guo (Bao Er Ye)

Indeed, Cheku café, which established in 2011, is the first entrepreneurial-themed café in the world. It is not only the core coordinate on the Chinese bitcoin map, but also the birthplace of Chinese cryptocurrency network. Many bitcoin celebrities came from Cheku café, including Chandler Guo, Dong Zhao, Xiaolai Li, Song Liu, Lin Li, and so on.

Xiaolai Li

Xiaolai Li was an ordinary lecturer in New Oriental English language school. He earned 3–4 million yuan by teaching and publishing. In 2011, he learned about bitcoin on the internet. After studying the white paper of bitcoin, Xiaolai Li started to buy bitcoin in a crazy way.

Two years later, Xiaolai Li has become a bitcoin evangelist. He happened to know Cheku Café — — the “Dragon Gate Inn” of entrepreneurs. Then, Xiaolai Li is most commonly found in Cheku Café. Moreover, he wants to cooperate with the CTO of Cheku Café Dong Zhao and others to establish a bitcoin fund. In 2013, Xiaolai Lai founded BitFund, which is said to focus on angel investments in Internet-related fields.

In 2015, Xiaolai Li became famous. After bitcoin price rose continuously, the former New Oriental teacher announced that he was the richest bitcoin holder in China because he bought a large amount of Bitcoin at the price of $1.

Recently, Xiaolai Li has become a founding partner of INBlockchain. He has successfully invested in many blockchain projects, such as Sia, Qtum, Zcash, Bitshares, Steem, EOS, and so on, some of them have grown by over 100 times. Since 2017, XIaolai Li started to participant in ICO projects, including GXChain, Qtum, Bodhi, EOS, etc.

As a former ordinary English teacher, Xiaolai Li now is a wise investor with outstanding economic mind and courage

Chandler Guo(Bao Er Ye)

Chandler Guo, came from Shanxi province, came to Beijing to learn how to sell beef at the beginning. But he was attracted by Xiaolai Li’s speech in 2013. His wife, Yangyang Jin, recalled that Chandler Guo bought bitcoin immediately after listening to Xiaolai Li’s speech.

In the same year, Yangyang Jin founded her “We-Media” — — Yangyang Interview. She started to interview with people around bitcoin industry, and it quickly became the hottest “We-Media” in Chinese cryptocurrency industry.

Chandler Guo, followed by his wife to join the cryptocurrency industry in 2014, built the largest bitcoin mining pool in the world at the time in Inner Mongolia. However, as bitcoin mining costs become higher, Chandler Guo started to explore other directions. In 2015, Chandler Guo attended Davos Forum to promote the bitcoin revolution. In 2015, Chandler Guo also officially joined the WINGS Foundation Advisory Committee.

In August 2017, Chandler Guo partnered with Yangyang Interview to establish a NGO in Zhongshan City of Guangdong Province. Because of Chandler Guo’s influence, the NGO attracted more than 20 ICO projects. In September 2017, after the regulations banned ICO in China, Chandler Guo initiated the “ICO Education Around China” project.

Like Xiaolai Li and Dong Zhao, Chandler Guo also founded his own fund_Bitangel, an angel investment fund that focuses on the bitcoin and blockchain industry.

Lin Li

There are more and more people investing in Bitcoin, and Li Lin has appeared. At that time, Lin Li came to Cheku Café looking for investment from Dong Zhao and others to establish a cryptocurrency exchange. However, Dong Zhao, Xiaolai Li, as well as Chandler Guo focused on bitcoin mining, and they finally missed to invest in Huobi.

After listening to Xiaolai Li’s speech in Cheku Café, Lin Li decided to set up a cryptocurrency exchange. The development is very difficult because of the high volatility of bitcoin price. Sometimes, the price could rise from 800 USD to 8000 USD; sometimes, the price could fell down from 8000 USD to 800 USD.

In 2014, there were more than 200,000 bitcoin transactions on Huobi exchange, and the transaction amount in one day exceeded 1 billion Yuan. Currently, the daily transaction volume of Huobi Pro has reached billions of dollars.

Song Liu

Cheku Café is a magical place. Many people have established a profound friendship, including Di Su, Xiaolai Li, Dong Zhao, Chandler Guo and so on. Liu Song is one of them.

Song Liu is a modest man. He does not talk to much like many other IT professionals. He prefers to program and write code. Because of his good character, Song Liu often sit in the corner of Cheku Café to help people solve technical problems and he is dubbed “CTO of all citizens”.

In 2013, Song Liu left Sina.com to start his own business. Because of his friend’s relationship, Song Liu decided to come Cheku Café firstly. He met a large group of people in Chinese cryptocurrency network. However, he was not interested in bitcoin transaction but the underlying technology — — blockchain. Song Liu then put his trust in Bitcoin and mentioned that he has not sold any bitcoin so far since he bought it in 2013. From the perspective of yield, basically, there are few higher than Song Liu.

It is worth mentioning that there is a very close relationship between Song Liu and Di Su. They were together almost every day. When Di Su became a co-founder of YOU+, Liu Song also accepted Su Shi’s invitation as the CTO of YOU+ and work in YOU+ for three years.

In January 2017, Song Liu launched AAAChain project, which is a public blockchain for data sharing and trading. By using blockchain technology, AAAChain hopes to change the status quo of traditional data transactions. As a open data transaction platform, AAAChain is able to be applied in many industry, including credit information, consumer finance, advertising marketing, real estate, tourism, education, medical care, retail, and so on.

Liu Song has made public speeches on many occasions. He believes that the blockchain technology is suitable for infrastructure Currently, it is closer to use in business application and farther away from consumer application. Therefore, in his point of view, the blockchain is only suitable for big projects and is not suitable for doing small business.

Recently, when it comes to the blockchain industry trend, Liu Song considered that the stock market will be 100% replaced by cryptocurrency market, stock market investors will be converted into cryptocurrency investors. In the future, the cryptocurrency market value will exceed the global stock market value. Based on this judgment, the blockchain industry is still at a very early stage and the future growing potential will bigger than everyone’s imagination.