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When does Yuanbao start running (is the Yuanbao trading platform still running?)

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When does Yuanbao start running (is the Yuanbao trading platform still running?)

When will Yuanbao Network start running on March 8th? What is Yuanbao coin? Starting from 8:00 am Beijing time on March 6th, the Yuanbao platform will release in sequence, including but not limited to wallet functions, trading systems, and wealth management products. At the same time, the website will also be launched in April 2020, and has already opened a recharge service (supporting mainstream currencies such as Bitcoin)

It is understood that Yuanbao Chain is one of the distributed financial service ecosystems based on blockchain technology, and is committed to building a decentralized financial News aggregator and value network

Is the Yuanbao trading platform still there now?

Will the Yuanbao trading platform still disappear? Is it still there now? Let’s take a look together At around 8:30 Beijing time on September 10, 2018, the “New Third Board Entrepreneurial Company” initiated by Zhang Chao, President of the Yuanli District Blockchain Research Institute, was officially listed and established as a partnership (non executive director). The company’s vision is to become an open and global network investment institution that shares digital assets and high-quality resources with investors, empowering the internet economy According to rumors, Mr. Li Tianzhao, the “second son”, will resign from his position as Chairman of Yuanbao Group. At the end of 2019, Yuanbao Network had ceased operation for a period of time. No news has been released since the fourth year of college (December 23, 2019). It was not until May this year that a statement was released stating, “I am not a member of this team.”; However, it was later accused by the U.S. Securities and Exchange Commission of violating the law, and finally closed its business in the United States at the beginning of 2020. In the middle of 2018, President Zhang said that he did not think that a registered company could provide Cryptocurrency services, because it just wanted to buy and sell some financial products through Cryptocurrency. However, as coin prices continue to rise and Bitcoin prices soar to historic highs, this situation will occur

At the end of March last year, Yuanbao announced that it had completed ten million level angel round financing, led by Sequoia Capital, and participated by Softbank China, Alameda Research, and LD Capital; In addition, top domestic celebrities including renowned financial blogger Wang Feng also participated. (Wu Shuo Blockchain)

However, currently it seems that if combined with factors such as suspension of business due to private placement, there will still be some impact on the market Previously, in late December 2019, the Science and Technology Innovation Board Daily reported that the Shanghai Pudong New Area Management Committee, in collaboration with Chen Weixing, a member of the Municipal Committee of the Chinese People’s Political Consultative Conference, had published an article titled “Deconstructing the Medium and Long Term Equity Crowdfunding Model”. The article points out: “After this IPO, due to the rapid process of IPO and the relatively rich initial profits, in line with the concept of maximizing equal interests for the shareholders of the listed company, enterprises deeply feel risk preference and hope to obtain more profits

It is worth noting that in early November 2017, the Hong Kong Stock Exchange disclosed that the three major indexes of the US stock market all fell by more than 5%, leading to Selling climax in the stock market, which led to the rise of stock prices. At the same time, the China Securities Regulatory Commission showed on its official website that “as of mid April, a total of 19 domestic virtual currency exchanges in Shenzhen have been cleared,” and all of these exchanges have been delisted.

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