What is the project of coin issuance (coin issuance technology)

Editor’s note: This article is from BlockBeats (ID: blockbeats) and is authorized to be reprinted by Daily Planet Daily On January 18, 2018, Coin On’s exchange launched its own project, TokenSwap, and a decentralized autonomous organization called CoinEx protocol. Coining is the most popular method for this project At the end of August 2017, a new issue emerged in the encryption market – how can tokens be issued if no product can receive enough attention, support, provide value, and be adopted? All of this started after the 2017 ICO craze. At the beginning of 2018, the price of Bitcoin began to rise to nearly $20000; Subsequently, Ethereum also soared, reaching a historical high of $400; But it quickly fell below $300. At that time, people had some doubts about this model, believing that the potential of blockchain technology would decline over time, but in reality, it did not develop so quickly Nevertheless, the ICO craze at the end of 2017 left many people confused. What they are unsure about is whether those who hope to raise more funds through ICO are really involved. Because most people nowadays don’t know how to buy this money. However, for many investors, a significant portion of their investment portfolio has already been depleted. In mid-2019, we found that many people had never been exposed to digital currency and were not interested in learning about the development of cryptoassets or cryptotechnology When I first heard of Bitcoin in March 2020, my first reaction was, ‘You can’t afford it.’. Later, due to the high volatility of Bitcoin and its inherent high-risk characteristics, “your trading volume is definitely much larger than before,” so I placed all my investment decisions in the field of encryption In early April 2019, I shared a very special idea on Twitter: “If you want an investment opportunity that can earn you hundreds of dollars in income… don’t do anything wrong.” It wasn’t until this summer that I truly understood why Bitcoin is a worthwhile asset class to consider. You can choose to exchange gold for something, “is that a good thing Of course, there is also one important point:

1. Bitcoin is a viable product, rather than becoming mainstream like stocks. As an investment, you need to know what you are doing Bitcoin is a deflationary currency primarily used for circulation worldwide. For example, Bitcoin will be used to pay for goods and services. Bitcoin can also be used to provide power for various industries. But its purpose is not to make money, but to increase liquidity. Therefore, in the next few years, some other holders of Cryptocurrency may use bitcoin to mine or sell bitcoin

Coin Issuance Technology

The three core characteristics of blockchain coin issuance are consensus mechanism, governance model, and token economy model. The consensus mechanism is a new Cryptocurrency protocol, which determines the voting rights of the issuer and the token distribution method through algorithms, which means that token holders have the right to make decisions on the project and implement proposals, and no one can change these rules to achieve deflation One of the most important features is to significantly reduce the transaction costs of tokens on the chain: for example, if users choose to use ETH as collateral to buy stable assets such as USDT, they need to purchase ETH as a loan; If USDC is converted into US dollars and still requires a high interest rate to be redeemed. In this case, the system will automatically sell a large amount of funds (currently around $500000) to the market, and then sell it in exchange for other fiat currencies, in order to achieve the purpose of issuing additional shares.