What does currency security BTC price mean
Introction
BNB coin an coin [2] is a blockchain currency that has been undervalued by the market since it was issued. In October, the price of BNB was 10 yuan, and 986000bnb was destroyed, accounting for 20%, so the profit converted into US dollars is about 7 million US dollars. In October 2018, the price fluctuated around RMB 57
distribution ratio
1. ICO has issued 100 million BNB to the public, accounting for 50% of the total issuance ratio. It is also carried out on three platforms: coin security official website, renrenico and coin long website
2. Members of the founding team held 80 million bnbs in the early stage, accounting for 40% of the total issuance [2]
3. Well known instry insiders hold 20 million bnbs, accounting for 10% of the total issuance
how to buy coin BNB
you can buy BNB on otcbtc. This platform is the most commonly used trading platform. It feels smooth, safe, reliable and easy to learn to operate. It is suitable for novices to learn first and trade over the counter. Payment is also very convenient, support Alipay, WeChat, bank card payment to buy GXS public credit, BTC, ETH, EOS, USDT, QTUM, BNB, ZEC, BCH, DEW and other digital coins.
value and repurchase mechanism
1. Preferential dection of transaction fees of coin security platform
no matter what kind of token is traded on coin security platform, if the user needs to pay transaction fees and holds enough BNB, the system will discount the fees and convert the equivalent amount of BNB according to the market value at that time, and use BNB to complete the payment of transaction fees. Discount rate 50% 25% 12.5% 6.75% no discount [2]
2. Buy back mechanism:
we will buy back 20% of the net profit of coin an platform in each quarter after the launch of coin an platform. The bought back BNB will be destroyed directly. The buyback record will be published at the first time. Users can query through the block chain browser to ensure transparency until the total number of BNB is 100 million
3. The "fuel" of decentralized trading
in the future, BNB will also be the fuel of the trading platform of coin an's decentralized chain. BNB is needed when using coin an decentralized trading platform. It includes various functions such as dection of service charge and reward.
BTC is bitcoin
BTC is a kind of virtual encrypted digital currency in the form of P2P, which is limited in quantity, but can be used for transaction and converted into the currency of most countries. It can transmit payment point-to-point without any central authority,
such as bank or payment channel, and it is created and saved electronically. Bitcoin is not issued by any specific monetary institution, but is proced by computers all over the world using free software, which is commonly known as "mining"
extended data
currency features -
Decentralization: bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom
Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
exclusive ownership: private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
transaction pair: it refers to pricing another asset (base currency) with one asset (quote currency), such as pricing eth with bitcoin (BTC), thus forming an eth / BTC transaction pair, The price of a trading pair represents how many units of valuation currency (such as BTC) you need to pay to buy one unit of base currency (such as ETH), or how many units of valuation currency (such as BTC) you can get to sell one unit of base currency (such as RTH)
in fact, it is currency to currency transaction, that is, currency to currency transaction: one kind of digital asset is directly exchanged for another kind of digital asset, and no legal settlement is involved. For example, BTC can be exchanged for LTC, or LTC can be exchanged back for BTC; Exchange eth for BTC, or exchange BTC for eth again. The transaction object of the currency to currency transaction is the "transaction pair" mentioned in the previous article. The price of the currency to currency transaction is the price of the transaction pair
the advantage of currency trading is to bypass the off-site legal currency trading, and directly complete the transactions between different currencies on the field, so as to avoid the miner's fee and time for withdrawing currency. Of course, the currency trading platform generally charges a certain handling fee, which is now 0.1% - 0.2%. For users with large trading volume, the burden is not small. During the promotion period, some new reliable platforms generally have the activities of recing or exempting handling charges and distributing candy. It is confirmed that reliable platforms can be tried. The traditional ones are bitcoin China and Huo coin, while the new ones are coin an and coin Sheng.
[analysis]: currency transaction means that the transaction platform only supports the transaction between digital assets. It not only supports the exchange services between mainstream digital currencies such as bitcoin, Ethereum and lightcoin, but also supports the exchange of new, popular and high-quality currencies on the platform, making the exchange between various currencies more convenient, The most essential point is that it does not support any legal currency