Entry into the crypto space: Starting from being scammed out of $50,000 While others enter the crypto world with great success and excitement, my entry was quite tragic, starting with being scammed. I began mining Bitcoin in high school and had traded on the old localbitcoins, but I had never made any investments. At that time, a big brother said he could invest in an Ethereum private placement using Bitcoin, and I could have shares, so I worked hard... Let’s dive in! ⬇️ The investment model actually comes from modern brokerage firms, where the English word for brokerage is "Brokerage," and the intermediary is called a "Broker." Therefore, we shouldn't stigmatize the term investment; it is essentially an "arbitrage" behavior in a financial market characterized by information asymmetry, and unscrupulous scammers merely exploit the rules. Why is it so difficult to invest in excellent projects? The core issue is the threshold. For the A-share startup board, the required capital is 100,000 yuan, and I remember it was 500,000 before. In the U.S., the threshold for "Accredited Investors" requires a personal net worth of over $1 million; this is quite similar worldwide. This means that the money is being earned by the wealthy. Sorry, you are right; this is the underlying logic of the financial game. However, I saw @JarsyInc from AB teacher @_FORAB, and it seems that small investors also have the opportunity to directly invest in top projects now. / What is Jarsy? In simple terms, it is a platform where you can buy tokenized stocks of unlisted companies. Note that these are tokens, meaning they have tokenized the equity of these unlisted stocks. Holding the tokens is equivalent to indirectly holding the stocks of these companies. A typical example is the recently hot Kraken, which has a latest valuation of $15 billion and can be subscribed directly on the Jarsy platform, so I no longer have to worry about being scammed by unscrupulous investment. I checked the official website, and you can start investing in these amazing companies from as low as $10: ▰ xAI ▰ SpaceX ▰ Stripe ▰ Anthropic I also searched Twitter for discussions, and indeed, the teachers are very advanced; many people have already started using it. Investment requires KYC, and I tried using my mainland identity, which went smoothly. The best proof of address is a bank statement that includes the address. Overall, Jarsy’s main advantages are the low entry threshold, flexible exit through order book trading, and convenient fiat currency deposits for purchases. The downside is that the fees are relatively high, up to 5%, but it is tiered; the higher the investment amount, the lower the fees, with a minimum fee of 0. That said, even in traditional investment fields, the fees are not cheap, often starting at 10%, provided you don’t get scammed. One detail to note: If you buy Pre-IPO tokens, you can trade them on the market through the order book mechanism without having to wait for the IPO to exit; you can do it anytime as long as there are buyers for your order. What if it goes public? The tokens need to be locked for 6 months before they can be converted into public stocks. During the lock-up period, you can still operate and sell on the platform, and after 6 months, you can receive stocks or cash. Additionally, the tokens are 100% backed by real stocks, and the website provides transparency for verification; you can check the original documents signed with the target company. / After watching the team interview, their strength is quite impressive, with graduates from MIT and Harvard. The founding team previously worked at Afterpay, which was acquired by Square for $29 billion in 2022. Square is the fintech company founded by Twitter's creator, Jack Dorsey, which has now been renamed Block. Jarsy has received investments from Breyer and Karman, and angel investors include Richard from @humafinance, Dr. PayFi, Evan from Sui, and Alan from Eigenlayer, with a Pre-seed valuation of $30 million. Compared to those big stars, I actually want to buy Jarsy’s stocks on the Jarsy platform, the boss @hqinjarsy, is that possible? Easter egg: Jarsy has also launched a Mandarin Twitter account @JarsyMandarin. This is a soft-core popular science article, through which you can gain a basic understanding of the following knowledge: ▰ What is a compliant investor ▰ How Jarsy tokenizes stock economic rights ▰ $10 to buy the dip on SpaceX (not Author: anymose | A soft-core popular science writer <End of article> * This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!