$FAIR³ Token Soars 80% in 1H, Chinese Entrepreneur Wang Xin Steps In to Support Technological Fairness

The recent volatility in the cryptocurrency market has affected a number of tokens, but one is making waves with a remarkable surge.

$FAIR³, a token that is all about technological fairness, has seen its price jump 80% in just the past hour, pushing its market capitalization firmly into the $51 million range. In the past, the surge might have been attributed to market-making or pump-and-dump schemes. But these days, $FAIR³ is capturing the attention of crypto enthusiasts and investors because of who is backing it: the well-known Chinese entrepreneur Wang Xin.

A well-known figure in the Chinese tech sector, Wang Xin, expressed his support for the $FAIR³ token and its mission of “fostering technological fairness” in a post to X (formerly Twitter). His endorsement has sent shockwaves through the Web3 and cryptocurrency community and raised all sorts of questions about the mission and vision of the FAIR token, a.k.a. $FAIR³. Is the token really about making technology equitable, or is it more about giving an ill-defined enterprise an excuse to issue a cryptocurrency?

Wang Xin, the founder and erstwhile CEO of QVOD, a leading Chinese P2P streaming platform that was acclaimed for its high-definition video playback and streaming technology, has long been a firm believer in the power of Web3 and decentralized technologies. In an X post very recent, he shared his thoughts on technological fairness and why it matters. Wang has always approached the Web3 space with a learning mindset, he says, and within that context, he views $FAIR³ as a token with a meaningful mission that aligns with his own understanding of what “fair” means in technology.

“I have always entered Web3 with a learning mindset, which is why I backed FAIR³, a token, I supported because it focuses on technological fairness,” Wang Xin wrote. “As I mentioned in a previous AMA, while I won’t personally issue a token, I am committed to contributing to technological fairness as much as possible.” A public endorsement from Wang Xin lends significant weight to the project and could help attract more investors aligned with his vision of Web3 technologies and their societal implications.

Wang Xin is not just a supporter in words; he also has a financial stake in $FAIR³. The entrepreneur has invested in the project, having purchased 200 $SOL tokens, half of which will go into a fund that supports technological fairness, as well as AI-related initiatives. Wang has promised that within the next year, he will consider how to make a more substantial and direct contribution to the community. He has issued an open invitation for others to help him think through the multitude of ways in which they might collectively serve the $FAIR³ token, the Web3 space, and “technological fairness” in general.

The swift price rise of $FAIR³ has drawn the eyes of the crypto market. In just an hour, the token blasted off 80% to push its market cap over $51 million. This surge is especially exciting because it seems to signal something much more meaningful than just a speculative investment. The mission of $FAIR³ is quite the opposite of speculation. The project is about promoting fairness in the tech that’s shaping our future—especially as industries like AI, blockchain, and Web3 expand at a breakneck pace.

Ensuring that new technology’s benefits and opportunities are equitably distributed across society—rather than concentrated in the hands of a few powerful players—is what we mean by technological fairness. Yet AIs and automations are thanklessly transforming our industries, and the concentration of intelligence and access to new tech seems to be creating a new kind of digital winner-takes-all landscape. This is why we at $FAIR³ couldn’t be more excited about pushing modern ideas of technological fairness—it resonates, after all, with the kinds of investment many of us have made to try to fortify the Bill of Rights with some new digital amendments.

In all likelihood, what is behind the rapid increase in the price of $FAIR³ is the recognition of the cause it represents and a burgeoning demand for tokens that stand for something more than mere financial speculation. For $FAIR³ to experience price appreciation, the project it underpins simply must be seen by a sufficient number of people as a worthwhile endeavor.

Endorsement of $FAIR³ by Wang Xin is especially noteworthy because of his stature in the Chinese tech world. When he created QVOD, a platform that redefined streaming technology in China, Wang earned plenty of well-deserved respect for being able to push the limit of what could be done with peer-to-peer streaming. Yes, his success was semi-short-lived, because we all have to face the music and deal with regulatory authority (and copyright holders) if we want to act in a legitimate space. But from 2009 until the “death” of QVOD in 2014, Wang enjoyed significant success and, I would argue, allowed many in China to become familiar with streaming technology in a way that was probably just as significant as any legal, legitimate way of doing so.

Wang Xin has maintained a strong presence in the tech industry, and his support for $FAIR³ is in line with his long-standing commitment to innovation. He expressed public support for $FAIR³, a cryptocurrency whose creators assert is focused on “technological fairness.” Xin may have some valid reasons for being involved with the token, but it’s also worth considering whether public figures like him should make statements backing cryptocurrencies and the projects behind them. For, if nothing else, they send signals to broader audiences on the viability of these investments.

As $FAIR³ picks up speed in the crypto market, many people can’t help but wonder how the project will play out. They’re not just curious; they’re involved in a community that has a substantial stake in $FAIR³’s future. And to be fair, that’s a community of aficionados backed by a project with serious intentions. A cryptocurrency by any other name could be a movement, but this one is assuredly and unambiguously about fairness.

Having important people like Wang Xin behind the project gives it a level of credence that can push it even further and faster. Moreover, the current uptick in price and market cap gives off the strong scent of investor interest in the token and its mission.

At present, $FAIR³’s 80% surge and Wang Xin’s dedication to the cause have stirred up a significant amount of excitement in the Web3 sector. Whether the project can keep that excitement going remains to be seen. Still, for believers in the principles of technological fairness, $FAIR³ is a promising way to invest both in the future of technology and the blockchain ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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