Twelve years of the gate, opening the encryption future

Looking back on the past, twelve years ago, I took my first step with curiosity and passion for the encryption world. Today, I am honored to announce that we have completed our twelfth year and have undergone a brand upgrade, officially adopting the new Chinese name "大门".

The growth over these twelve years would not have been possible without the strong support and unwavering trust of our users and partners. "The Twelve-Year Cycle", we will embrace the new cycle with a more open attitude and a stronger belief, starting the next era of the Web3 world.

Twelve years ago, we opened a door to financial freedom, a door belonging to the innovators, explorers, and builders of the encryption industry. In 2013, the encryption industry was still in its primitive era. With our faith in blockchain technology and our expectations for a decentralized future, we decided to create a secure, transparent, and fair digital asset trading platform. Today, this platform has become one of the world's leading encryption ecosystem platforms.

During this journey, we have witnessed the rise and fall of the industry and experienced countless trials and tribulations. We grew rapidly during the bull markets and remained true to our original intentions during the bear markets; continuously expanding our business territory, from centralized trading to decentralized ecosystems, from infrastructure construction to venture capital, every step we take is firm and steady. We are not just an exchange, but a "safe harbor" trusted by global encryption users, a thriving blockchain ecosystem.

Innovation-driven, daring to be the first

Twelve years ago, I quietly launched Bit儿 in a small studio, which was our predecessor.

Since I was young, I have been fond of researching technology and have strong hands-on skills. My father's open-minded educational approach gave me the opportunity to continuously explore new knowledge. During my childhood, I almost dismantled all the appliances at home; by the time I graduated from middle school, I had my first computer in life and began self-studying various computer knowledge and programming; during university, I became proficient in several programming languages and started my innovation journey, creating multiple websites and software, which received good traffic and users.

The first time I read the Bitcoin white paper, I was deeply impressed and immediately developed a strong interest in this brand new blockchain world. My first Bitcoin transaction was completed through a forum, and although I was unfortunately scammed, this experience made me realize how important it is to provide users with a fair and transparent trading platform.

With a passion for blockchain, I founded Bit'er during my postdoctoral period, with a simple original intention—to bring a fair, secure, and trustworthy blockchain world to the public. Technology was not a challenge for me; in the early days of the platform, I was the only one supporting it, shouldering all the work by myself. At that time, I spent almost every day in the community, continuously absorbing innovative ideas and user needs. I actively and quickly kept up with industry innovations and trends, a good habit I have maintained for 12 years.

The spirit of innovation has always run through our development journey over the past twelve years. From the earliest one-stop wallet, live streaming, square, and chat rooms, to later quantitative robots and innovation zones, we have always been at the forefront of the industry. As early as 2014, I applied for a patent for a fingerprint hardware wallet and put this wallet into production. Today, we already have hundreds of such innovative products and technologies. I have always encouraged the team to have an innovative spirit and have never been stingy in investing in product R&D and innovative development.

To me, innovation is not a concept to be flaunted, but a habit of behavior developed from a young age, as simple and natural as breathing. It has not only shaped me but also accomplished us. The spirit of innovation is always the driving force behind our continuous progress.

Safety first, moving forward steadily

This industry is never short of innovation and opportunities, but it also comes with risks that cannot be ignored. Recently, there have been frequent security incidents in the industry, whether it's asset theft from centralized platforms or vulnerabilities in DeFi protocols, security issues have once again become the focus of the entire encryption industry. I often tell the team that we are in an industry full of opportunities and the greatest development potential, but we are also facing unprecedented severe tests, with opportunities and risks always inseparable. Safeguarding user asset security and ensuring a stable and reliable trading experience is our unwavering core mission. This is not just a responsibility, but also a principle and bottom line that we have adhered to for many years.

In 2020, we proposed the method of using Merkle trees for proof of reserves and made it open source, advocating that industry platforms adopt this method to publish proof of reserves to ensure user safety and peace of mind. It wasn't until the end of 2022, after a certain platform's collapse, that the industry began to pay attention to it and it was quickly adopted widely until today.

We always adhere to the concept of "safety first, user-centered" and continuously invest resources to build a multi-layered security system, covering cold wallet management, multi-signature, real-time risk control early warning, and a global security team monitoring mechanism around the clock. We believe that the establishment of true long-term value begins with every commitment to safety and sound operation.

Cross Development, Steady Growth

Looking back on the past twelve years, we have come a long way, experiencing the "great wild era" of blockchain, and witnessing the prosperity of DeFi Summer. During this period, the decentralized finance ecosystem has experienced explosive growth, and we have ranked among the top three globally, becoming an important player in leading the rapid development of the industry.

With the continuous development of the industry, we have gone through the "startup phase" of traffic dividends, the "innovation phase" driven by technology, and now the "steady phase" of market expansion and strategic layout, crossing three important cycles and gradually growing into a global leading encryption currency exchange.

In this development process, we have always adhered to stable operations and achieved significant accomplishments: the number of ecological users has reached tens of millions, continuously expanding our global user base. The number of cryptocurrencies listed on the platform has exceeded 3,800, providing diverse trading options for global users, making it the centralized exchange with the most supported cryptocurrencies in the world. By 2025, our comprehensive strength has firmly secured a place in the global first tier. We regularly announce our total reserve data, and now the total reserve amount has surpassed $10.328 billion, ranking among the top four globally, reflecting strong financial stability. The platform token also reached a historical high of $25.96 this year, with an increase of nearly 70% since the beginning of the year, and its market value ranking advanced into the global top 40, further consolidating our market position. Our popular Launchpool and HODLer Airdrop continue to bring continuous benefits to customers, with the total value of Launchpool airdrops exceeding $20.36 million, and more than 140 projects launched on the platform.

Comprehensive upgrade of the ecosystem, creating a diverse one-stop encryption experience

In the past year, our ecosystem has continuously expanded and upgraded, comprehensively covering major sectors of Web3, accelerating the construction of a diverse and integrated platform. Our Web3 has supported nearly 200 mainstream public chains; in the TON ecosystem, we have taken the lead in collaborating with over a hundred projects to launch Mini Apps, with monthly active users exceeding one million, consistently leading in the same track; we launched the innovative MemeBox 2.0, allowing hot on-chain Meme tokens to be seamlessly integrated into exchange accounts, combining the efficiency and convenience of centralized exchanges with the asset diversity of decentralized exchanges, bringing a convenient and secure Web3 trading experience. At the same time, we continuously optimize our global payment network, constantly expanding deposit and withdrawal channels. Our payment cards now support multiple fiat currencies, with the number of users surging by 327% and recharge amounts increasing nearly 22 times. We are building a more open, efficient, and convenient encryption world, allowing every user to easily embark on their own on-chain journey.

At the same time, our investment department continues to increase strategic investments globally, focusing on high-quality Web3 projects and other cutting-edge tracks, and has laid out multiple high-quality projects with long-term potential. Currently, our investment department manages assets exceeding 300 million USD and supports more than 100 projects, providing not only capital support for startups but also empowering projects and fostering industry development through ecological empowerment and resource collaboration, promoting the prosperous co-construction of the Web3 innovation ecosystem.

Promote global布局，implement forward-looking strategy

We always uphold a global perspective, promoting long-term planning with strategic height and holistic thinking. We are not only a sponsor of Inter Milan but also became the official sponsor of the F1 Red Bull Racing Team this February, and these cross-industry collaborations are bold and interesting. By strategically partnering with top global brands, we continuously enhance our international influence. Our compliance layout and investment rank among the best in the world, achieving compliance layouts and making positive progress in major regions such as the Americas, the Middle East, Europe, and Asia. In addition, this year we also completed the acquisition of a licensed exchange in Japan through our subsidiary.

For many years, we have promoted the construction of compliant sites to ensure that the platform meets regulatory requirements globally, providing users with a safe and reliable trading environment. Only through compliance can we make every step more solid and sustainable. In recent years, we have continuously attracted outstanding talents from around the world to drive technological innovation, product optimization, and market expansion, allowing the company to maintain a leading position in the fiercely competitive encryption industry. These forward-looking strategic decisions have laid a solid foundation for our global expansion and provided strong support for continuous innovation and industry leadership in the future.

A new starting point, a new direction

Twelve years is a milestone and a new starting point. We look forward to opening the "door" to a new era for global users, welcoming a more open and intelligent encryption future. We are comprehensively upgrading our brand and redefining our future direction—not just trading, but a "super entrance" that links the real world and the blockchain world.

In the future, we will:

• Continuously deepen the layout of Web3.0, accelerate the application of decentralized technology, improve underlying infrastructure, and build a more open and free digital ecosystem;
• Expand global markets and strengthen compliance layout. Continuously enhance communication and cooperation with regulatory agencies around the world, empower the compliance process of the industry, and provide users with a safe and trustworthy trading environment;
• Adhere to a dual focus on technology-driven development and ecosystem construction, continuously innovating around core scenarios such as trading, payment, and asset management, allowing encryption to integrate into every detail of real life.
• Build a globally competitive team culture to attract and nurture more visionary and action-oriented talents, empowering long-term development with efficient collaborative organizational strength;
• Strengthen cooperation within the industry to co-build with quality project parties, developer communities, regulatory agencies, and technology alliances, promote ecological interconnectivity and industry standardization, and facilitate the understanding and popularization of blockchain technology globally;
• Promote cross-industry cooperation and global dialogue, continuously enhancing the brand's global influence. Collaborate with top global brands and actively participate in international platform activities to bring blockchain technology into the broader mainstream audience's view.

Twelve years of storms and unity, here, I want to once again express my sincerest gratitude to all users, partners, and team members for their companionship and support along the way. Twelve years ago, we knocked on the door to the encryption world; twelve years later, we stand at the door, seeing a broader future. In the next twelve years, we will not only "open the door," but also walk into the true new era of encryption together. The door is open, the future is here, and we look forward to continuing to build and write this great journey together with you!