Andy Cheung’s Bold Move: Launching Bitwork for Blockchain Advocacy

Andy Cheung Steps Down from OKEx

On January 7, 2023, Andy Cheung, the chief operating officer of the cryptocurrency exchange OKEx, announced his resignation. Why, you ask? He’s trading his comfy exchange chair for the exciting world of blockchain consultancy with his new venture, Bitwork. Imagine a superhero shedding their cape to save the world in a different way—well, that’s essentially what Cheung is doing!

From Exchange to Consultancy: The Rationale

Cheung articulated his decision by stating that his impact on mass cryptocurrency adoption was significantly constrained within the walls of an exchange. With OKEx’s full support, he embarked on this new chapter, aiming to drive quality project developments. He reflected on his time at OKEx, stating,

“The question I was always asked in OKEx was: How can my project get listed on your exchange?”

It seems he got tired of seeing people twiddle their thumbs waiting for that golden listing opportunity.

The Mission of Bitwork

Bitwork isn’t just another consultancy—it’s a lighthouse for aspiring blockchain projects lost at sea. The startup, based in Hong Kong, aims to connect projects to markets while providing them with essential services including:

• Exchange partnerships
• Advisory services
• Marketing management
• Branding and public relations
• Fundraising
• Event management

With a team of seasoned blockchain experts, Bitwork is poised to be a game-changer in guiding projects to success.

The Importance of Exchange Listings

Let’s face it, getting listed on a cryptocurrency exchange is like getting your foot in the door for a job interview—essential for visibility and credibility. Cheung acknowledges this crucial aspect, and it’s likely Bitwork will leverage its connections to help projects secure those all-important listings.

What Can We Expect?

With rumors of hefty listing fees, such as the jaw-dropping $250,000 Blockstack shelled out to be on Binance, it’s clear that having experts like Cheung on your side could make all the difference. Can Bitwork bring down these costs or at least spread the knowledge to make project teams less clueless? Time will tell. But for now, we’re all anxiously waiting to see how this new consultancy will shape the blockchain landscape.