Wang Xin Increases Holdings of FAIR³ Tokens

Wang Xin, founder of Qvod and a prominent serial entrepreneur, announced his increased holdings of FAIR³ tokens during a recent Binance China Community Q&A.

Although the specific investment amount was not disclosed, the market reacted swiftly, causing the token price to leap over 30% in a short span. As of the latest update, FAIR³ is trading at $0.01767. However, the token has yet to be listed on centralized exchanges, posing high risks that could involve a fraudulent pump-and-dump scheme.

Wang has shown commitment to the Web3 ecosystem and interest in projects that advocate for technological justice. “I have always joined Web3 with a learning attitude, so I support the FAIR³ token dedicated to technical justice. As mentioned in the previous AMA, although I will not be personally issuing coins, I will remain committed to technical justice and contribute as much as I can,” he stated.

Wang Xin’s involvement in Web3 follows a turbulent past. An early pioneer in China’s online video streaming industry, he became a controversial figure after being sentenced to prison in 2016. Beijing’s Haidian District People’s Court sentenced him to three and a half years and fined him 1 million yuan (approximately $159 million at the time).

Two weeks ago, Wang reiterated his commitment to FAIR³ and technological justice initiatives via social media, revealing a purchase of 200 SOL worth of the altcoin, with half designated for a support fund focused on technological justice and artificial intelligence.

This is not investment advice.