Why does zb have three trading zones

zb why there are three trading zones Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com), authored by cncoin and reprinted with authorization by Daily Planet Why does zbc have three trading zones? The transaction platform currency Zby is a decentralized exchange based on Ethereum, which supports mainstream digital assets such as BTC, ETH and ERC-20 standard tokens. Users can freely choose to interact with contracts; The transaction platform currency BZB is also the ERC20 version token of the transaction platform running on Ethereum, and can be exchanged with other Cryptocurrency as a Medium of exchange, so its functions and applications are similar to Ethereum; In addition, BZG is also a decentralized Stablecoin issued based on the ERC-721 protocol of Ethercoin, anchored by Bitcoin 1:1, so it can do anything you want; However, there is currently a very small trading system on the market – a trading area

This platform is the abbreviation of the trading zone, which mainly includes two aspects: 1. The trading pair is divided into two trading chains: USDT, PAX, and BNB. The USDT trading zone mainly includes the following types:

1. USD (French currency+virtual RMB)

2. USD (French currency+virtual RMB) trading chain. The users in these three types of accounts manage their funds through the use of US dollars; 3. USD (Fiat money)

4. USDC transaction chain. The main characteristics of the USDC transaction chain are: the source of transaction fee income is completely transparent, there are no transaction fee restrictions, and it is not controlled by anyone. If there are no such regulations, transaction fees will be charged, and traders cannot withdraw funds. However, they can receive commission rewards by transferring to the trading market, or they can redeem on exchanges such as Bitmex or Huocoin; When conducting transactions, it is necessary to first set the wallet address to a suspicious address; When trading, mnemonics are needed, and only these mnemonics are used as transaction records; In addition, some transaction pairs use third-party service providers for their recharge and withdrawal processes. So, the so-called “large transaction” here is actually a way of commodity trading For ordinary investors, to purchase spot goods, they must first hold a certain amount of margin, and then wait for the next market fluctuation before buying back, which can achieve the goal of high returns; Secondly, we also have to bear some risks. For example, in traditional financial institutions, customers generally do not directly enter bank wealth management products or investment funds. However, in the foreign exchange market, individuals may become long-term custodians of a certain asset, as the price rise of such assets can lead to losses, and even losses; Finally, there is a need to pay a certain amount of interest, which means that more time needs to be invested to understand the operating mechanism of this product. During this process, traders often face various temptations in their operations, and each time they deposit or withdraw funds, there will be a lot of trouble and unnecessary costs. Many trading software development companies will launch their own trading tools from the beginning, making it easier and faster for everyone to obtain relevant trading information, and reducing the threshold for users to participate. So now there are other currencies on the market besides mainstream currencies, such as Ethereum, which is an open source project

Has the zb exchange lost its way?

Recently, news of the b exchange losing its way has come. In the past few days, the coin price has continued to decline and there have been a large number of rights defenders in the user group. Some people say they have been “cleared”, while others say this may be a scam So what exactly is going on with the zb exchange? Is it really about to run away? Or is it just a scammer committing the crime

At present, zf’s trading mode is similar to that of October 19 last year – first, it created a decentralized finance (DeFi) platform on Ethereum, and then launched its own DEX and its own token through various ways. But now this project has not been launched on any other exchanges. Therefore, if there are more governance votes, it is highly likely that a fraudster is using the profits they have earned to cash out According to Wang Donglin, the founder of ZFB, he has received an email notification from a large mining site requesting that funds be withdrawn to the mine. Wang Donglin said, “I have been searching for this information since the beginning.” In addition, Wang Donglin mentioned that in May this year, he contacted some well-known investors in the hope of helping invest in their assets because he said, “We know they may take many years to achieve this goal. But their plan is not smooth.” Therefore, Wang Donglin believes, This time it’s not when I made the money, but when I ran away before the end of 2019 and realized that one day they would transfer the funds to other miners, I sold all my holdings and redistributed liquidity. The purpose of doing so is also to involve more ordinary retail investors. As for the reason why it is so simple, it is actually because people had a great distrust of the Cryptocurrency market at that time, and even felt that the high price of Bitcoin also led people to worry about the risk of foam and other risks

Another saying is that “because btc/eth is a digital currency issued and operated based on the ETH blockchain, and does not involve traditional financial products such as Stablecoin and legal digital currency, most people will buy digital currency in dollars or RMB, which is why they will survive in the bear market in 2018.”

According to the information disclosed by Wang Donglin, by the end of 2020, the total circulation of btc is $400 million, It includes three major Cryptocurrency, namely BCH, LTC and XRP. (Note: bch is a cryptocurrency issued by Bitfinex, which is a virtual gold used for electronic payments.) The other two are BTC and BNB, issued by Binance, corresponding to BCH and ZEC respectively; The second type exists in the form of Zcash, with a constant total of 100 million pieces, of which 80% will be distributed to user addresses through destruction, and the remaining 10% will be used for team rewards In addition, ZB has also become the first domestic exchange to publicly admit its holdings of BTT and BSV, but no further regulatory measures have been taken,