In recent interview granted by the CEO of JuChain, ‘Matt’ on their reasons behind the $100 Million funds, he stated that ‘…instead of continuing to bet on performance race, the company is positioning themselves as a vertical public chain for community-growth oriented and incentive-driven business model.
This attempt to provide an upgrade path for other projects in line with the vision of the company. According to Matt, what the company needs is just a path to safe landing and the upgrade of model but strongly stated that not to start another new project. Other reasons behind the fund is to provide clients with one-stop solution that can encompass funding, tools, traffic and mechanism.