We Are A Group of Passionate Cyber Republic
Even though we started not of the IT industry, we have followed closely the developments of Elastos and Cyber Republic and have been actively promoting Elastos to Malaysian businesses.
CR Malaysia team has experiences in CR Suggestions and Proposals, where our first accepted Proposal was the successful Bloconomic event held in Kuala Lumpur.
We have decided to run for Cyber Republic Council as “CR Malaysia”, consisting of Dyi, KK and AeonC.
Multi Diverse, Multilingual, Multi Approach Towards Elastos Vision
Our Values & Vision
To be able to use our experience and expertise in contributing to the interests of Cyber Republic Consensus.
Driven by Passion
We truly believe in the visions of Elastos and the future of the internet. And provide assistance to the building of the new SmartWeb.
Stay Ahead of the Curve
With Elastos’ strong technological platform, we wish to provide our partners preparedness for the forthcoming IR4.0.
Adoption Are Users
We truly believe that users are the core criteria in bringing adoption to Elastos. With this in mind, our collaborations are always centered on providing values to users.
Delight & Inspire
We hope that we can delight and inspire users as well as businesses to Elastos, creating a win-win-win situation for all.
Who We Are
Manufacturing sector for more than 20 years. Business owner in mulitple industries. And very passionate about Elastos and its visions.
KK / ElaHorse
SuperNode operator and Elastos supporter from the beginning. 20 years of experience in Business Development and Marketing role in multiple MNC companies, passionate and believes in the future of Elastos and the SmartWeb.
Experienced chartered accountant in a leading global MNC. Elastos tech and Cyber Republic DAO believer. One of the core team members of CR Press and CR Region Malaysia team.
We Believe Elastos And SmartWeb is The Future of The Internet. Owning Your Data Has Never Been More Real in Recent Years And The Breakthrough Will be Via Elastos.
Questions From Community
1. In the approaching 12 months, user and developer adoption will be major focal points for Elastos. What are the most important strategic initiatives that CR can employ to increase developer and user adoption of Elastos?
We truly believe in bringing real values to users and businesses and aim to create mutual benefits for all stakeholders in Elastos ecosystem. With this in mind, we will focus on real world applications with existing users and businesses and to facilitate their transition into Elastos ecosystem.
It is apparent that user adoption will follow naturally once the gap between crypto landscape and real world is gradually narrowing. In our opinion, one of the most important strategic initiatives that CR can employ to help user adoption of Elastos is to create, educate, maintain and grow our regional and global social communities. Community is key to spreading the word about Elastos and contributing to increase of user adoption rate over time.
We aim to bring awareness of Elastos tech and core services to non-crypto people via social media campaign, news reporting and marketing via mainstream and non-crypto related social media channels. Another effective initiative is to actively seek collaboration and strategic partnerships with businesses and government bodies that are exploring or implementing digital transformation policies, which establish credibility of Elastos project with real users and businesses.
Generally, a solid tech foundation with massive disruptive innovation will naturally attract and retain talented developers in the long term. Elastos is not merely a blockchain project but is an entirely groundbreaking network operating system that could resolve the shortcomings of the existing internet as well as the impossible blockchain trilemma. In this connection, we believe that short-term strategic initiatives that could build a strong foundation to attract and retain developers include incentivising developers (e.g. grant, fund and bounties etc.), comprehensive tools and documentation for developers as well as continuous support for training, education and workshops (e.g. Elastos Academy).
2. Exchange listings have been a major source of community discontent, and a great deal of conversation has circled around listing ELA on more exchanges. Have any candidates actually looked into what is required for a successful exchange listing, contacted exchanges, and evaluated the costs?
It is an acknowledged fact that most exchanges require exorbitant payments for listing fees. Adequate exchange listing does provide more liquidity to market orders, but there is no guarantee that more exchanges listing will lead to higher token value in a sustainable manner.
One of the reasons that we heard that hinder exchange listing process is the legal requirements from exchanges imposed on tokens representatives. Engaging legal services can be very expensive and may or may not generate the expected liquidity that community hopes for.
We have been contacted by Xanpool.com from Singapore and they have submitted a CR Suggestion previously. However, it has not been promoted to CR Proposal stage. Though Xanpool is more like an OTC than an crypto exchange, it has successfully implemented its crypto trading in Malaysia. If Xanpool agrees to list ELA on its exchange, it will definitely bring better awareness to Malaysians about Elastos albeit its small liquidity.
In our opinion, a strong and growing global community coupled with increasing demand for token utility is a catalyst for more quality exchange listing. It is reasonably hard to justify the liquidity that any exchange will bring to the stakeholders and in this regard, we believe that bringing awareness to more businesses and users about Elastos with the funds available (while not totally ignoring fund to be allocated for exchange listings) will reap greater benefits for Elastos ecosystem in the long run.
3. It seems that the majority of community debate surrounding CR Council Elections has been centered on the 16.5 million ELA allocated to CR. The community would like to know the following: 3a. What is your perspective on the utility of these funds?
16.5 million ELA allocated to CR is to fund the development of Elastos ecosystem. Development of Elastos ecosystem includes attracting and retaining talented developers to build solid technical foundation, marketing to reach wider audience, generating quality leads through strategic partnership and business development, growing community base and engagement as well as listing on quality exchanges to provide more liquidity and access to our ELA utility tokens.
Again, we would like to stress the importance of real-world use cases involving businesses and users. CR funds are not meant to be considered as the ONLY source of funding for anyone, but lean toward kick-start any project that has real-world values to users as well as to Elastos ecosystem.
All these areas of development are essential for an organic and sustainable growth of Elastos ecosystem.
3b. Are these funds excessive, and is a token burn warranted?
There are debates ongoing whether a fractional or complete 16.5 million ELA token burn should be undertaken and in this regard, our question to the community is that if token burn of any reasonable quantum is relatively more beneficial to the Elastos ecosystem, then what would be that quantifiable or measurable benefits in the short / medium / long term? Could the higher token price as a direct result of token burn due to improved community sentiment be sustainable and sufficiently strong enough to absorb short-term and yet potentially damaging selling pressure from major token holders who may have been eyeing exit after suffering multiple years of crypto bear market? If a complete token burn has taken place, it could seem as a right move at first, but what if community positive sentiment wears off soon and at the same time ELA token price is not attractive enough to fund various critical ecosystem projects, could this bring more disastrous effects to CR council?
In general, we believe that it is of paramount importance for CR council to be given a “reasonably sufficient” amount of ELA funds to finance ecosystem projects in the very first year of community governance as a DAO. Given that there is no reliable history to justify what amount is considered reasonably sufficient in our context, we are of the view that the 16.5 million ELA could be excessive to a certain extent and so a fractional token burn is definitely considerable.
We believe that a fractional token burn of at most 50% could bring more benefits than harm in both short and medium terms due to improved community sentiment and potentially absorption of selling pressure from projects financing over time. Once ecosystem projects are well funded for development and implementation in the medium term, we believe that ELA price will be a healthy projection of the underlying organic community growth, boosting demand as utility tokens and long-term investments from various stakeholders.
3c. Do you have other tokenomic modifications you would like to see implemented, particularly in regards to inflation?
To mitigate the risk and effects of potential pumps and dumps resulting from any proposed fractional token burns as a one-time event, we suggest that the amount of token burns to be corresponding to the amount of ELA disbursed for project financing when meeting milestones. We believe that such a move will encourage the community to be more proactive in participation to come up with quality ecosystem projects and the effects of each token burn could reduce the effects of selling pressure from disbursement of project financing.
Two suggestions for tokenomic modifications to consider include a % of yearly inflation could be locked for a long-term, say 5 to 10 years as a treasury fund for the purpose risk management (e.g.. for contingency use) and a bond requirement whereby ecosystem projects funded by CR are required to pledge a bond corresponding to a % of the total budget approved so that the interests of ecosystem partners become completely aligned with the Elastos community.
4. To what extent should CR prioritize marketing, and what marketing tactics would you like to see CR employ to attract new users to Elastos?
From Malaysia’s perspective and our experience gained from the blockchain landscape, we have identified 3 marketing tactics that are effective in promoting and attracting users to Elastos.
Partnering with local communities that have established large numbers of members. In Malaysia it would be the Bitcoin Malaysia community and ETH Malaysia community and we highly encourage other countries to do the same. Besides direct marketing to these communities, it is beneficial to build relationships with members to increase networking opportunities.
Hackathons play two important strategies — to identify potential candidates to our Elastos developers ecosystem and to introduce and promote Elastos to developers and event organisers.
Another effective marketing tactic is to partner with educational institutions by introducing Elastos on grassroot level. Besides teaching and promoting Elastos to students, lecturers and institution administrators, there is also a possibility of identifying a “killer app” among these individuals.
5. The whole concept behind CR is that our existing community cannot build the Elastos ecosystem alone; business development is essential for both technical development and community growth. Do you have any particular strategies in mind as to how to approach business development, and how you plan to allocate available funds?
The foremost strategy is to identify whether there is a clear use case for users solving real life issues. With regard to how a new technical development will benefit users as well as businesses, we will adopt a win-win mentality in deciding on which business development proposals to approve, which further reinforces with a third win for us in Elastos.
We understand that the notion above is very challenging but it is not infeasible. We are equipped with valuable personal experience in multiple business development efforts for Elastos in Malaysia. One great example of our successful business development effort is our first strategic collaboration with Dacsee, a decentralised ride-sharing platform with more than 5000 active users and more than 180,000 registered users.
Fantastic ideas are everywhere, but whether or not it is readily adopted by users, the timing or the market trend, the costs involved and many other variables are all factors that we need to examine very carefully. At the end of the day, we wish that the ideas that we pursue will benefit all stakeholders involved, including Elastos ecosystem.
Again, our main focus is business developments with real users. We wish to allocate a sizable portion to business development proposals AFTER deep-level due diligence has been made. To better align the vested interest of business partners with Elastos ecosystem, we can propose to allocate a reasonable % of ELA funding from CR to be locked using smart contracts until the funded project starts to realise benefits (monetary / non-monetary) to the ecosystem. Staggered payments with conditions aligned with Elastos ecosystem can be also considered.
6. As a CR Council, what mediums will you use to address and interact with the community, and how often will you communicate?
Two main forms of communication for us are Telegram and Twitter. We are always online in Malaysian time zone (GMT +8) to answer any questions the community has for us.
Second important strategy of community engagement will be hosting meetups with community organisers and developers. This will be mostly targeted at Malaysian community where we hope to encourage more engagements from the locals and spread awareness about Elastos and Cyber Republic.
For the global community, due to obvious geographic reasons, any medium is readily adaptable by us. For instance, WeChat to communicate with Chinese community or Reddit or any other trending social platforms. All of our team members are bilingual in Chinese and English and therefore we are acting as a bridge between East and West to reduce the communication gap.
7. Beyond yourself, is there another CRCandidate whose values and perspective you support? Why do you believe he or she should be elected to serve on the CR Council?
Clarence and his Bitwork team. We have first hand experience of Clarence’s vast knowledge and expertise in blockchain and his role as a VP development of Elastos has helped us numerous times on making practical proposals to businesses to use Elastos as their choice of platform. He has been mentoring us to grow our team and business development with real-world applications by promoting Elastos tech.
Apart from Dacsee project which is ongoing under the guidance of Clarence and ETH Task Force, we have also organised several presentations and talks ongoing with several government bodies in Malaysia on the potential use of Elastos sidechains and its core services to meet their real-world application needs.
Clarence and his team have extensive experience in the blockchain space and we sincerely believe that CRC requires their talents and commitments to grow our Elastos ecosystem.
8. Yipeng Su has been clear in stating that the complete, 12-person CR Council will, in theory, be composed of independent individuals that do not need to communicate with one another at all. While this is possible and very much valid within the structure of the CR Council laid out in the CR Whitepaper, do you anticipate communicating with other Council members in the future or organizing meetings in any structured fashion? This may be an especially important issue given the divide that presently exists between the Eastern and Western communities.
Theoretically, all 12 CR council members elected should have goals aligned with the interests of Elastos ecosystem. We believe that communication is key to achieve goal congruence in the long run. In this regard, we are happy to organise or join online meetings with other CR council members to discuss major issues as and when required.
We believe that any difference in opinion is prima facie due to different paths adopted to achieve the same goals. Therefore, active discussion or meeting among council members are indeed essential when facing important issues in order to mitigate the risk of damaging the bridge between Western and Eastern communities.
我们 CR Malaysia 团队坚信为用户和企业带来真正的价值，并致力于为亦来云生态系统中的所有利益相关者创造互惠互利。考虑到这一点，我们将重点关注现有用户和企业的实际应用，并协助与促进它们参与亦来云的生态系统。
2. 把Ela上更多交易所这个话题一直是社区不满的主要根源，围绕在更多交易所内上ELA进行了大量 讨论。是否有候选人实际调查过成功上币的交易所所需要的条件，并联系过交易所，评估过费用？
7. 除了您自己，是否还有其他CR候选人的价值观和观点是您支持的吗？您为什么认为他 或她应当选为CR委员会成员？
8. 苏翼鹏明确指出，从理论上说，完整的12人CR理事会将由独立的个体组成，这些个体根本不需要相互沟通。在CR白皮书中提出的CR理事会的结构中虽然是可行并且非 常有效的，但是您期望将来与其他理事会成员进行沟通或以任何有组织的方式进行会议 吗？鉴于当前东西方社区之间存在分歧，这可能是一个特别重要的问题。