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What is Good Coin (what does “good” mean)?

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Good Coin. According to Coinmarketcap, there are currently over 100 projects li

What is Good Coin (what does good mean)?

Good Coin. According to Coinmarketcap, there are currently over 100 projects listed on Gate, and only one of them is the token Good, which is based on smart contracts. Here are the specifics: [link to website]

So what is Good Coin? This question can be answered from the following two dimensions. First, let’s analyze its fundamentals. We should all know whether the current trend is to buy and go long or sell and go short. The second dimension is market sentiment. We see many friends asking why we should use tokens to make purchases. It’s because I think the most important thing is to make money. The third point is from the perspective of user psychology. Everyone wants their investment to become more valuable, so many people say that buying concept coins like DeFi or decentralized finance is just about making some extra profits during speculation (price is not the main focus here). And the final key point is that it is an incentive mechanism and ecosystem. When the price of a specific asset rises, these participants will generate more rewards for the profits they bring themselves.

What does “good” mean?

According to Bitcoinist, “good” is a special term translated into English. Specifically, it means the process of recording transactions and sending information on the blockchain. For example, “bad things” because users are not aware of the problems they encounter during the process of value exchange; if he thinks this word is helpful to others: “good” refers to “unliked person”. On the other hand, it also implies the beauty of antithesis or malicious behavior, such as the number of bad actors being greater than their targets. “Bad” is a way of depreciating. For example, “good” refers to when a user deposits something into another wallet, that asset will be rewarded.

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