What is Hatcoin? (When will Hatcoin be listed?)

08/16/2023 08:49 • Daily Digest • 51 views

Hatcoin is a type of cryptocurrency, created by the anonymous creator of Bitcoin, Satoshi Nakamoto, as reported by cryptobriefing. After August 19, 2017, people started studying blockchain technology and created a token called “帽币” (Bidcoin), similar to Bitcoin. This project received a lot of attention, with participation from many well-known individuals, including Vitalik Buterin, the co-founder of Ethereum. One of the early investors in this project, Michael Arrington, a former board member of Coinbase, had also invested in a Bitcoin-like startup, but later it was discovered that he didn’t actually own any Bitcoin, so he called these coins “pizzas”.

When will Hatcoin be listed?

In May 2020, under domestic regulatory policies, “capital markets” have become the most strictly regulated sector. Since the first half of this year, various industries have been studying how to use “technology to empower the development of the real economy,” and digital technologies represented by blockchain are increasingly being accepted and used by traditional enterprises and individuals. “Internet finance” has developed to this day and has gradually been applied to the entire social economy. However, this model has not really worked and has instead become an important part of virtual currencies such as Bitcoin in the eyes of many people. If Bitcoin in 2018 was considered as air, then it was a scam. Why? Because these two concepts point to the same saying: Bitcoin is just speculation. And behind this view, there is a strong misleading nature: “I think this is a scam!” However, we can think from another perspective. Since all of these are false propositions, what are the real “jargons”?

Of course, any investment behavior will be influenced by various factors, including funds, media, and even the ability and awareness of the project team itself by investors. For example, the recent hotly discussed topic in the market, “Will Grayscale’s fund have an IPO?” (GBTC), also means that this trust will not have the attributes of securities, but if a similar situation actually occurs, there may be significant risk events.

Therefore, regardless of the situation, it is at least necessary to look at who the founder and CEO are:

1. Does he have the ability to issue products endorsed by himself and achieve the expected profit target?

2. At the end of 2017, he proposed an idea called “listed companies with a future market value of over $10 trillion.” At that time, he claimed to raise over $100 billion through ICO. However, due to compliance issues, the company’s valuation was reduced, and it ended up only being able to sell shares for cash or unlock equity directly.

3. Currently, there is no institution or other well-known investment institution in the market that provides this service, and the company is not dedicated to related businesses either. In addition, a senior executive named Steven Wu recently stated that they are developing a new decentralized trading platform called Coinbase Pro, based on smart contract technology. According to the contents of the tweet, Coinbase Pro currently only supports Bitcoin trading and will not launch an exchange, only open markets for trading encrypted assets such as ETH/USDT. Furthermore, according to a report from Bloomberg, Coindesk quoted former chairman of the US Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, who revealed that his team now has more than 200 clients, most of whom are from China.

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What is Hatcoin? (When will Hatcoin be listed?)

When will Hatcoin be listed?

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