How does digital currency go online
this is very simple. The code of bitcoin is public, and it is a kind of counterfeit currency after a simple change; Ethereum's technology is open source. You can find a program to issue a coin on Ethereum's public chain. Now most of the counterfeit coins are on the public chain of Ethereum, and the distribution of tokens is also directly in Ethereum's wallet, which is very convenient
Step 2: find someone to endorse
if the project can be implemented, it is possible to find a real influential tycoon, and by the way, it can also get an angel round to do marketing. If the project is air money, it may be a grassroots tycoon. In any case, now that the coin circle is just emerging, many "tycoons" are actually grassroots. If you can't, you can send candy directly by virus marketing
Step 3: prepare a white paper
this has to be written on the top. For high-quality coin, vision, code, planning, team and so on need to be well written, which takes a lot of time. But for air coin, it's OK to find a professional agent directly, and it can be written in one day
Step 4: promote marketing
find all kinds of coin circle media to advertise, or get a virus activity to invite candy delivery, so as to brush up the popularity
Step 5: love Western Europe
with a certain degree of popularity, you will begin to love Western Europe directly. Good projects are very simple, and they are often looted in a small scale. It doesn't matter if the air currency can't attract people. It's easy to find the agent investment channel to help you package the project
Step 6: contact the exchange
generally, they try their best to go to a well-known exchange. If there is no angel round, you can only take the money from aisio. It's not good. It's OK to go to an easy exchange
Step 7: public offering
once you are on the stock exchange, you will have enough confidence to speak. At this time, we can continue another wave of public offering. Anyway, what we give out are tokens, which can also attract more attention from the market
Step 8: go online
once the funds are sufficient and the quality of the project is good, there will be more mainstream exchanges. Once the mainstream exchange is finished, this is a reliable project
at present, ICO in our country has been banned, so we can only conct private placement.
Why do digital currencies need exchanges
as we all know, digital currency is based on blockchain technology and platform, and it is also one of the most typical applications of blockchain
taking bitcoin as an example, its platform provides the function of transferring money among users, but it does not provide the function of transaction and payment, which makes bitcoin unable to communicate with the outside world, let alone circulate, and thus cannot become a real currency
in order to solve this problem, the exchange was born
role of the exchange:
in addition to the above-mentioned trading and payment, the specific functions of the exchange are roughly asset management, matching trading and asset clearing, etc. To put it bluntly, it is equivalent to the Bank of digital currency. The matchmaking transaction here is actually to exchange for other currencies, such as bitcoin for Leyte. Of course, there are also some basic functions such as recharge and cash withdrawal. In principle, it is a centralized account book without being linked
on the other hand, the exchange also plays the role of stock exchange, making ICO (initial token issue) project possible
all kinds of token (token or token) can be raised and issued through the exchange
at this point, some people certainly think that the exchange is a combination of banking and securities trading
but not only that, the exchange also has the functions of futures and financial management, which means it also has the attributes of financial institutions such as futures exchange, securities companies and fund companies
it is not enough. In fact, the exchange also has the function of supervision, because there is no supervision. Therefore, the digital currency exchange can be regarded as a super financial center
the centralized exchange plays an important role, which obviously brings many security risks and trust crisis
all these are closely related to the violation of the "decentralization" advocated by blockchain
fortunately, some "decentralized" exchanges have emerged, which are based on the blockchain platform and rely on smart contracts to achieve the purpose of automation, de trust and transparency
let's briefly talk about how to build an exchange. Generally, a subject is registered first, such as the Singapore foundation, because the Singapore government encourages the development of blockchain, and high-quality project parties are registered in Singapore, which can be more recognized in the instry
the Singapore foundation can register by providing a company name and identity information of directors, and then it can do some legal compliance, which is also the advantage of the Singapore foundation. It can issue effective legal opinions to make the project compliance.
the tamper proof blockchain technology can solve the data forgery of traditional centralized game services and the risk of game user data leakage at one time, which makes AOCO subvert the traditional rules of the game instry, directly connect the components of the whole game ecological chain with a decentralized structure, and realize asset docking, circulation and storage.
Binance exchange, with rapid development, has become one of the top five exchanges in the world in just half a year. Unlike idcm.io, which was the first to support vhkd, binance directly issued its own token BNB and launched the exchange
advantages: large trading volume; Support multiple computers and mobile phones; Multi language support; More currencies: 99 cryptocurrencies such as BTC, ETH, LTC and BNB are supported, 235 paired trading markets are available, and the service charge is low; It's faster to recharge and withdraw money
disadvantage: they have no futures and OTC trading, and only support currency trading, and stopped the service to domestic users some time ago, so domestic users need to choose carefully. At the same time, because binance is an exchange trading platform, it cannot be traded directly with legal currency, so it needs to use other platforms to buy cryptocurrency
it's not very convenient to recharge it to coin an network. In addition, in February and March of this year, binance suffered serious security incidents and hackers' leek cutting attacks, and its security performance was questioned
extended information:
the process of digital currency trading through the platform is as follows:
(1) investors should first register accounts, and obtain digital currency accounts and US dollar or other foreign exchange accounts
(2) users can buy and sell digital currency with the money in their cash account, just like buying and selling stocks and futures
(3) the trading platform will sort the buying requests and selling requests according to the rules and start to match them. If they meet the requirements, the transaction will be concluded
(4) e to the difference between the buy and sell volumes submitted by users, a buy or sell request may be partially executed
the mode of digital currency trading through operating companies is as follows: take Ruibo coin as an example, Ruibo coin is operated by professional operating company opencoin, ripple protocol was originally designed based on means of payment, and the design idea is based on acquaintance network and trust chain
to use ripple network for remittance or loan, the premise is that in the network, the payee and the payer must be friends (mutual trust relationship is established), or have common friends (trust chain is formed through the transmission of friends), otherwise the trust chain between the user and other users cannot be established, and the transfer cannot be carried out
virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard.