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Read more rating report from BlablaBlock:
BlablaBlock is a Web3 trading validation infrastructure that uses a decentralized mechanism to validate the reliability, stability and profitability of trading strategies. The invitation to comment on this rating material (pre-rating report) is to explore the feasibility of ratings on Web3 trading and asset management services, with the aim of producing a valuable reference for the public to make better investment decisions.
In this report material, Benson Sun, the most Web3 influential person in Asia, was selected as the rating target for BlablaBlock’s first attempt. As below, BlablaBlock team collects all publicly basic information, strategy, and other reference information about the target.
Benson currently only offers the Smart HODL strategy (which only takes long positions), as his originally main strategy, LIQ, has been discontinued. Below are the public backtest results and the actual trading performance data available on TraderWagon platform:
| Strategy Infos | ETH Smart HODL | ETH Smart HODL | BTC Smart HODL | BTC Smart HODL |
|---|---|---|---|---|
| Backtest | 90d Real Pnl | Backtest | 90d Real Pnl | |
| APR | 283.29% | 22.21% | 307.17% | 3.62% |
| MDD | 54.41% | 10.00% | 29.07% | 3.75% |
Based on the data from this report, the average rating of Benson from professional reviews is: ⭐⭐⭐ (3 of 5)
(The final rating from our decentralized validation system will be released in mid-November.)
<aside> 📈 BlablaBlock actual copy-trading performance
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<aside> 💡 Table of contents
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Benson Sun graduated from the Department of Finance of National Chengchi University (2014) and then joined Alpha Camp, a programming education company, as a growth analyst and front-end engineer. He also worked as a digital product analyst at Cathay Financial Holdings for one and a half years.
Benson started working as a business development manager at blockchain company COBINHOOD in 2018, and later served as chief blockchain economic analyst at DEXON, two once-well-known Taiwanese startups. COBINHOOD focuses on a 0-fee exchange, while DEXON wants to build a high-performance public chain. According to a report by CommonWealth Magazine, the two companies are suspicious related companies. The company dissolved after a dispute over top management. Benson then served as FTX Taiwan community partner until FTX collapsed. Before the collapse of FTX, Benson also founded MatrixDAO in February 2022.
According to an interview with China Times in 2021, "In June 2019, an article unexpectedly became popular- Use $3 million capital to generate $60,000 monthly passive incomes, setting off a wave of “passive income" in the crypto space. As growing personal impact, he took advantage of this trend to accumulate his influence around the middle of 2019. Moreover, during the period, he wrote plenty of articles about trading and strategy building on mainstream social media.
<aside> 💡 FTX Trading Competition Awards
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Around 2019, Benson participated in several trading competitions and achieved the following results:
The competition results may have been posted on the FTX internal website, and it is currently not possible to review or collect performance results.
Statements Before the FTX Bankruptcy
The FTX exchange bankruptcy event began on November 2, 2022. According to a document obtained by Coindesk, it was revealed that there were too many FTT assets and other tokens related to the FTX exchange on the balance sheet of FTX's sister company, Alameda Research. Binance CEO CZ publicly announced on November 6 that all FTT in Binance would be sold, emphasizing that it was a risk management operation and not directed at FTX. The CEO of Alameda Research also publicly stated that she could "acquire it all today for $22." Three days later, on November 9, FTX exchange halted withdrawals, during which users attempted to withdraw approximately 6 billion. Subsequently, the FTX bankruptcy liquidation case, which is currently under trial, unfolded. For more information about the FTX bankruptcy, you can refer to the bankruptcy timeline news.
Prior to the FTX bankruptcy event, Benson, as the Taiwan Community Partner of FTX Exchange, repeatedly strongly refuted various allegations, believing that they were merely market rumors. (Note: The messages have been deleted by Benson, and the following image is sourced from the internet.)