In an interview with Bloomberg on June 22, 2018, Di Iorio expressed his thoughts on the cryptocurrency market and specified two Chinese projects as his investments.
Di Iorio stated:
“The biggest stake for me is in Qtum and VeChain right now, the two Chinese projects. There’s much more opportunity in newer ones if you can identify them.”
The Ethereum-based Qtum is the world’s 20th largest blockchain project, according to CoinMarketCap, and aims to provide a resilient platform which combines Ethereum’s smart contract protocol with Bitcoin’s robustness. The project was founded in 2016 by Patrick Dai, and uses a proof-of-stake consensus, to rewarded node validators.
Shanghai-based VeChain focuses on financial services, supply chain management, and smart contracts. Interestingly, VET was the first cryptocurrency to create a disaster recovery plan and the first to partner with the Chinese government. With a valuation of $1.7 billion, VeChain is the world’s 17th largest cryptocurrency project.
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