Waterdrop Capital CEO Jademont (Dashan) Reveals Investment Concerns at the Crypto VC Roast Conference
Waterdrop Capital CEO Jademont (Dashan) disclosed last night during the themed discussion “Crypto VC Roast Conference | Let’s Talk About Primary Investments!” organized by Chain Supplement that the company has four investment projects that issued tokens on Binance, yet none of the projects distributed tokens to investors as per the agreements.
“It is clearly stated in the investment agreements that tokens should be issued, but once launched, the project parties can modify the terms at will, leaving investors with no means of counteraction.”
However, Dashan later clarified on X that this statement was not directed at the project parties but rather at Binance, revealing that the modification of agreements was not the project parties’ intention but rather a long-standing unspoken rule of Binance.
Dashan also called on industry leaders to consider the long-term development of the industry and not to think solely about monopolizing everything: “When market participants in an absolutely advantageous position disregard the long-term development of the entire industry and the interests of other market participants, solely focusing on maximizing their own benefits, the ultimate result will be that everyone votes with their feet. If you stop playing in this industry, it won’t matter how prominent you are. The saying ‘with great power comes great responsibility’ is exactly this principle.”
Dashan indicated that Waterdrop Capital has already begun to change its strategy, striving to persuade truly high-quality project parties not to issue tokens and to focus directly on going public: “Rather than struggling in a cesspool surrounded by a pile of junk tokens, it is better to shift to a relatively clean and regulated market to demonstrate one’s value, especially since the valuations there are higher.”