What Happens to Crowdfunding Coins (Crowdfunding Money)?

08/15/2023 05:51 • Metaverse & Beyond • 59 views

What happens to crowdfunding coins? What happens to crowdfunding coins?

Crowdfunding is a form of financing that provides investors through public issuance. Various companies based on ICO models have emerged in the market. For example, Ripple, BitShares, Litecoin, Ethereum Classic, Stellar, etc. These companies have codes such as “JPMCoin,” “Zcash,” and “ZEC.”

What technology is used to raise funds for crowdfunding coins?

In fact, as early as 2017, someone proposed to launch a blockchain project called Tokencoin. If everyone wants to participate in the governance and operational activities of this project, they can mine some cryptocurrencies such as Bitcoin or Litecoin and then sell them to give the public a bunch of tokens for investment returns. But later, more and more projects started to launch their own public chain coins. After being listed, they were successively removed from other platforms. Some even replaced all virtual asset transactions in exchanges with USDT to attract a large number of users. However, in 2019, due to the market’s enthusiasm for IEO, most exchanges had to close their doors.

So why is crowdfunding a scam disguised as ICO! According to reports from a certain internet media in China, it was claimed that the website was fake news, and the actual promotion was not true. According to relevant information, the content shows that in early 2018, the Chinese central bank and the People’s Bank of China jointly established a working group dedicated to supervising financial risks and researching how to establish a new cross-border payment system to promote the internationalization of the Renminbi and strengthen efforts such as anti-money laundering and anti-terrorism financing. (Note: This article mainly introduces network security and privacy protection, including the operation mechanism of blockchain technology, consensus algorithms, encryption algorithms, etc.)

So what is the significance behind this series of content?

1. Use blockchain technology as one of the underlying basic technologies.

2. Solve the problem of centralization from the source. Applications such as identity authentication, smart contracts, ledgers, and data storage on the blockchain can all adopt this method.

3. Build a new ecosystem, namely DAPP.

4. Develop new applications. Public chains such as EOS/TRON all support this function.

Crowdfunding Money

Initiated by the crowdfunding platform Tron Foundation, it has attracted over 1 billion dollars in funds over the past year. This includes support and funding from well-known exchanges such as Coinbase, Circle, Binance, and blockchain investment institutions like FTX. These projects will achieve their goals through crowdfunding.

It is reported that “Tokenlon” is an ERC20 token issued based on Ethereum. Unlike traditional securities trading, “Tokenlon” is a fully open-source digital asset protocol designed to provide a secure and efficient way for users to transfer or store value. It uses smart contract technology to bring a brand-new economic model to everyone. “ThetokeLON” is a functional wallet that allows anyone to create, sell, or even exchange cryptocurrencies without owning a private key. (Medium)

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What Happens to Crowdfunding Coins (Crowdfunding Money)?

Crowdfunding Money

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