Incrypted Kyiv Meetup #2. Key Highlights
- A panel discussion about the legalization of digital assets in Ukraine.
- A presentation by Vlad Nozdrachev (Superludi).
- A panel discussion on crypto startups.
- An influencers panel.
- A shock quiz and an afterparty.
Incrypted Kyiv Meetup #2 Stage Source: GN Crypto
Crypto Regulation in UkraineThe topic of cryptocurrency industry regulation in Ukraine was addressed by hosting key figures, including Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine; Maksym Libanov, Commissioner at the National Securities and Stock Market Commission (NSSMC); and Peter Bilyk, Chief Innovation Officer at the legal firm Juscutum.
The discussion was notably intense and engaging due to the contrasting positions held by the Ministry of Digital Transformation and the NSSMC on this matter. This divergence of perspectives caused a delay in the completion of the legislative project aimed at implementing the European MiCA regulations. For a more comprehensive account of this part of the event and an update on crypto regulation in Ukraine, please refer to our dedicated article.
Panel Discussion on Crypto Regulation in Ukraine Source: GN Crypto
The Crypto Industry's Missing LinksVlad Nozdrachov, with his background in advertising and marketing, provided a unique perspective at the event. Not being a dedicated crypto enthusiast like most attendees, he offered an outsider's insightful view on potential challenges within the crypto industry.
Drawing from user statistics, he underlined that the cryptocurrency market is currently positioned in the innovator stage, akin to the initial developmental phase that emerging technologies commonly experience, and blockchain is no exception. This observation may seem somewhat surprising, especially given that almost a decade and a half has passed since Bitcoin's introduction. Nozdrachov postulates that this perception is influenced by how the industry is portrayed. It's not uncommon to come across anonymous individuals sporting hacker-style avatars or encounter sellers promoting dubious training, inadvertently associating the industry with the darkrnet.
Vlad Nozdrachov at Incrypted Kyiv Meetup #2 Source: GN Crypto
The Team Is Key to Success
Mister at the panel discussion on crypto startups Source: GN Crypto
How Much Funding Do Startups Need and Where to Get It?The answer can vary, depending on your growth goals and target user base. Startups often aim to secure as much funding as possible, as mentioned by one of the panelists in a recent discussion.
On the other hand, Kseniia Zhytomyrska, CTO at Trustee, argues that money isn't the be-all and end-all. She shared how their venture was initially funded through personal savings and support from a single 'angel' investor. Despite limited funds, they achieved profitability. Having too much capital can sometimes hinder your drive. It can lead to complacency and a false sense of success, which may not reflect reality.
Do Startups Need Their Own Token?Surprisingly, for founders, managing a token can be more of a hassle, as it involves maintaining its liquidity, which can be extremely challenging for an unknown project. Therefore, the creation, development, and launch of a token is something startups often view as premature. However, as the company grows and gains market traction, introducing a token could become a strategic decision down the line.
Will Spot Bitcoin ETFs Boost the Market?
Can Artificial Intelligence Replace Traders?Cryptomannn expressed skepticism about the possibility of complete replacement. However, he believes that this technology could serve as a tool or assistant. When it comes to analyzing extensive data sets, the "iron brain" outperforms humans. But in terms of making decisions, considering market sentiment, and, most importantly, being accountable for those decisions, that responsibility still rests with the trader.
Ihor Tunik, Kostia Kudo and Cryptomannn at Incrypted Kyiv Meetup #2 Source: GN Crypto