Market is rebounding as consortia that are bullish on IOV enter the arena; IOV team learning from Alibaba’s entrepreneurship and stay as committed to efficiently develop IOV basic chain.

                                                  ---------CarLive Chain CEO Dr. Miller

                                         CarLive Chain CEO Dr. Miller  

Dr. Miller, CEO at CarLive Chain was interviewed by British media Bctime at CarLive Chain’s R&D center on the morning of August 12 (San Francisco time).

Dr. Miller commented on the current market trends and the progress of IOV. He said that although some short-term funds left the market, with several international consortia from Russia, Hong Kong and the United States last week deciding strategically to enter the blockchain digital currency market, and with arbitraging of currency futures, the market still maintained a large net inflow and was gaining momentum to bounce back.

The sluggish global market is mainly due to competitions between some major agencies over the 51% computing power. As a result, the short-term ROI has fallen below individual investors’ expectations, thus hurting their interests. A lack of big news about technological progress in the market also contributed to the sluggish market. Projects that were listed on the market on March and April this year are all focusing on technology research and development. It is only in the middle and late December that there will be news on technical progresses. From the perspective of investment efficiency, it is recommended that individual investors make medium and long-term investments in physical projects as most physical projects are severely underestimated at the moment. Individuals can benefit a lot by allocating their investments in accordance with timelines of technical progresses from physical projects. For air token projects and projects that only speculate tokens, more than 80% of their individual investors will see their investments account zero out.

According to Dr. Miller, IOV has made great progress recently, including setting up meetings with China’s Ministry of Commerce, the Japanese Ministry of Commerce, and the Hong Kong Trade Development Department. IOV is accelerating its marketing development and enhancing its global presence. More and more talents from around the world have come to contribute to IOV’s growth. In terms of technology, IOV has increased investment in developing its basic chain. IOV has also gathered great IT talents that rank top 20 in terms of competitiveness in the world.

Dr. Miller also suggested that the IOV team is learning from the entrepreneurship from Alibaba, world’s top Internet Company and has made the same commitment and devotion. He also thanked Ansel Qi, CarLive Chain’s strategic partner, for his hard work. As the overall market matures and technology develops, IOV’s market value will be perfectly reflected through digital currency exchanges. To wrap up the interview, Dr. Miller expressed his gratitude to investors who were patient enough to see through the market and protected IOV’s value and assured them that their dream of owning a high value token will finally come true.