Andy sits down with Kanny Lee, CEO and co-founder of SecondSwap, to explore one of crypto's most under-discussed structural problems: liquidity for locked and vested tokens. With a background spanning two decades in Big Four forensic accounting and early institutional crypto OTC trading in Hong Kong, Kanny brings a rare blend of TradFi discipline and on-chain realism to the conversation.
Kanny explains why crypto's evolution now demands proper secondary market infrastructure—something traditional finance has always relied on, but Web3 has largely ignored. SecondSwap is building a decentralized, on-chain marketplace that allows locked token positions to be traded without breaking vesting schedules, inflating supply, or undermining token integrity. By operating directly at the smart-contract layer, SecondSwap enables partial exits, discounted entry for new investors, and real liquidity where none previously existed.
The discussion digs into "mid-life markets," token dump cycles, and the difference between superficial liquidity driven by short-term speculation versus sustainable liquidity built on conviction and patience. Kanny makes the case that healthy secondary markets could be a missing piece behind the stalled altcoin cycle—and that better liquidity design benefits founders, early investors, and new entrants alike.
The conversation wraps with rapid-fire hot takes on Bitcoin maximalism, real-world assets, AI, privacy chains, and whether another alt season is still possible.
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