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The start of the magic 2020, even into the second half of the year, the situation is still grim, the Leader of the other side of the ocean ignored the pattern of shaking voice of the Mars, swore to block; WeChat or will be blocked by the government of the United States again. The overall global economic and financial environment is deteriorating, China's coin circle in a wave of DeFi frenzy, one after another, the project run away, still in a troubled time.
Intuitively, this wave of DeFi frenzy would have blocked the centralized exchanges from the door, but it was too lively, and CoinSecurity, which had finished laying out its smart chain, came in with a vengeance, and OKEx and Firecoin, which hadn't reacted to it for a while, became outsiders. With the continuous performance of Coin's smart chain, OKEx and Firecoin can only run wildly to make up for the lessons, according to a variety of intentional and unintentional disclosure, these two are very likely to have a larger action in the field of defi and public chain.
According to statistics, the volume of OKEx, CoinAn and Firecoin Pro is close to 40% of the global volume. In terms of spot trading volume, CoinAn ranked first, and these three exchanges are among the top four in the derivatives field. These three exchanges are a true triumvirate in the Chinese market. The feud between these three Chinese-founded cryptocurrency trading platforms can be written as a "Three Kingdoms" of the cryptocurrency world.
In May 2018, the rights defenders patronized OKEx's affiliates, and OKcoin's office building was revealed to have been beaten by security guards; CoinAn and Sequoia Capital had a stalemate, while Firecoin beckoned enthusiastically to Sequoia Capital; Xu Mingxing, the founder of OKEX, and Li Lin, the former Firecoin executive, Li Shu-boi, just finished drinking the "cup of wine", and the founder of OKEx, Li Shu-boi, was arrested. OKEx original executives Li Shu-boo announced his departure, and light speed to join the fire coin; Fire Coin Pro, Coin safe, OKEx have been CCTV "economic information broadcast" named; March 12, 2020 after the great turbulence of the coin market, OKEx and Fire Coin's downtime staged the rights drama; recently, due to the Coin safe smart chain on the mining project is not always a large loss, the Coin safe ushered in the rights of the Rashomon .....
What's even more shocking is the fact that "blackmail" in the cryptocurrency world has never been absent, with the creation of a variety of gossip in the form of "mutual blackmail" peers, using the "thirty-six plans" of the "thirty-six plans". "all the tricks to public opinion" to suppress "peers" ... There are even people who specialize in launching a "Coinan shady" website. For example, the malicious P picture, smearing peers for pornographic marketing - Coin's He Yi, six six, seven seven were malicious P picture, personal attacks on them. Oddly enough, OKEx even once on its official website, publicly released negative news about peers, and then deleted the processing.
The degree of "tearing" in the cryptocurrency circle is more Oscar-like than in the domestic entertainment circle, and of course, for the "melon masses" who are familiar with the cryptocurrency circle, there is an "open and shut battle" between the three major exchanges, and the "open and shut battle" between the three major exchanges. The "secret struggle" between the three major exchanges may not be anything new, in July last year, the three well-known exchanges (Coin, Firecoin, OKEX) because of Coin's eighth destruction of the BNB triggered a tearing war, to see the masses of us eat melon froze. There are all kinds of "black public relations", to name a few.
For example, this month, just the main online CoinSmart chain, is a "black" project, because at present the three big inside, only CoinSmart chain, the other two can not do it for the time being, so the struggle is not on the stage. In addition to the smart chain just started to run up, the line stationed in a project opening play smashed, although the pot buckle in the coins on the body a little wrong, but finally caught pigtails, so the real and fake "rights group" and other black public relations methods and ensued.
In fact, the feud between OKEx, Firecoin, and CoinAn has been going on for a long time. We can see from the history of the three, OKEx's "predecessor" OKCoin and Firecoin are both old domestic exchanges, both founded in 2013. According to "old people" familiar with the cryptocurrency industry, when they first opened, they were neighbors, living in the same building.
Bitcoin's "madness" has made these two exchanges the head of the industry, at one point accounting for more than 50 percent of the world's bitcoin spot trading. The first OKCoin was very focused on the user experience, even if the user said they lost a few coins, OK will give an explanation, "the more effort, the more lucky", OK in the early days of the successive million angel investment, and then by the venture capital organization of the ten million dollars of the A round of investment. OK soon entered the high-speed development period! --This is also the happiest time for Xu Xingxing to start his own business.
Firecoin attracted a large number of users by permanently waiving transaction fees, and six months after its launch, it received tens of millions of dollars of investment from Sequoia Capital in its Series A. Starting from 2015, Firecoin began to have an absolute advantage in terms of market share.
By 2017, Bitcoin once again ushered in a big bull market, and the price soared close to $20,000 dollars. Another giant, CoinSafe, entered the public eye, breaking the situation of the two powerhouses of Firecoin and OK. What's more, Zhao Changpeng, the founder of CoinSafe, and He Yi, the "first sister of the cryptocurrency circle," were both former executives of OKCoin. So, these for the back of a few entanglements buried the ambush.
Among the three exchanges, CoinOn is the youngest, launched in July 2017, and is the first of its kind in the world. After the "9-4", the domestic regulation was tightened, and Firecoin and OK were busy protecting themselves, CoinSafe focuses on differentiation, taking the international route from the beginning, and the servers are registered and set up overseas, so that it can quickly occupy the overseas market. CoinSafe's killer feature is that it only deals in coins, not in cryptocurrencies against fiat currencies, cleverly bypassing regulation. With this ace in the hole, CoinSafe has risen rapidly, and the user experience has continued to improve, once surpassing Firecoin and OKEx to become the world's largest digital currency exchange in terms of trading volume.
CoinSafe is also the fastest rising of the three trading platforms: it took only five months from its inception to become the world's No. 1 (in terms of 24-hour trading volume). So far, digital currency exchanges "three strong" trend formed, the coin circle "three killings" also officially started, and continues to this day. The company's first step is to make sure that the company is able to provide the best possible service to its customers.
But who is the enemy of the industry?
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Where there are people, there is a jungle, and where there are interests, there is strife. The reason for this is the fact that the coin industry has a lot to do with the interests of the people involved, and there are deep-seated reasons and historical necessities for this. The winner-takes-all "Matthew effect" is a cruel truth in any field.
The bull market, everyone is committed to making money, although competition is inevitable, but the market is growing, belonging to the stage of making a bigger cake, it is just the difference between grabbing more and less. Now with the mining boom to touch the edge of the big bull market, the market has been to the stock competition stage, grab the cake under the disorderly competition is not surprising.
It is foreseeable that before the next round of boom or the big market comes, the exchanges will reveal each other's shortcomings, report, and create negativity will become the "new normal".
In fact, these "in-fighting" behaviors are not only a waste of industry resources, but also a laughing stock for people outside the industry. Yes, the competing platforms are attacked by the competing platforms, the headache is the competitor's business, I have been watching from the wall on the good. But the skin does not exist hair will be attached, if the whole industry is attacked, the coin circle ecological chain of every platform, can be used Zhang Yimou's name of a movie to profile - one can not be less.
Under the empty shell, how can there be no egg?!
The best "way out" for the industry is for the three major trading houses to promote the healthy development of the industry by competing with each other. Although the current state of the cryptocurrency circle, it is impossible to realize, but it seems to be the only best way out. I don't know, the coin circle "infighting" and "chaos" is the enemy of the whole industry! The coin circle has always been in the gray and sensitive area, itself is easy to "a glory and a loss".
Before OPEC, the oil-producing countries in the Middle East were in disarray, turning on each other, and ultimately realizing that the only way to protect their own resources and safeguard their own interests was to unite and cooperate with each other. Compared with oil, digital currencies are of course very young, but the development trend has some kind of **** common place. So the cryptocurrency circle can learn from this successful experience, that is, the competition under the framework of cooperation is more favorable to the development of the industry, the major exchanges should stand at a higher level to see the future of the industry, urging the industry to return to the right path. After all, the main issue in the cryptocurrency world today is not survival, but development.
As a link between technology and finance, exchanges are very important, and it can be said that the industry has achieved today's success, exchanges can not be faulted. So, does the importance of the exchange mean that Coin, Firecoin and OKEx are as stable as Mount Taishan? This is not necessarily, not to mention other aspects, regulation is always hanging over the head of the sword of Dakmos.
As an example, the world's largest compliant futures exchange, the Chicago Mercantile Exchange (CME), bitcoin futures, quoted the spot settlement price, using the spot price of the world's six exchanges, Coin, Firecoin, OKEx accounted for more than 70% of the world's share of the spot transactions, but there is no one selected.
This side of the three exchanges in the eyes of the regulation of the embarrassing situation.
P2P Yinjian in the front, although the epidemic and the international situation temporarily distracted the government's energy, but I believe that the regulation of digital currency will soon be on the agenda. Chaotic world with heavy rules. The cryptocurrency industry is growing savagely and in chaos, and some platforms are touching the legal bottom line, which requires strong regulation at the national level to intervene. The government and relevant institutions should continue to promote blockchain security standardization, improve the regulatory mechanism and review mechanism, and regulate the development of blockchain technology applications; the focus can be placed on the development and improvement of business rules rather than the platform's access approval process, and efforts should be made to strengthen the supervision of behavior during and after the event to protect the security of user data. From the blockchain enterprise itself, the platform needs to strengthen the core technology research and development, to ensure the independent and controllable blockchain technology and application. The dual regulation, to ensure the healthy development of the blockchain field.
If the cryptocurrency circle "three killings" do not think about making progress, and are still caught up in the disputes of the exchanges themselves, and do not carry out the ecological layout of the industry in a timely manner, and start their own "evolution", they will be doomed to be eliminated by history. Only by standing on the height of the overall prosperity of the industry, from the coin circle to the chain circle to the ecosystem, can we be called the industry leader and leader. Otherwise, it's just a machine that cuts the leeks, and it's bound to go down.
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It is undeniable that the entire blockchain industry is facing a historical opportunity for development. The government's attitude and action towards blockchain is evident in its high level of emphasis and policy support. As early as April this year, the blockchain was clearly identified by the National Development and Reform Commission as an important part of the new infrastructure, which is another good news about the blockchain after the blockchain was attached importance by the national high level on October 24, 2019. in May, the People's Bank of China Financial Technology Committee emphasized in the first meeting of 2020 that "it is necessary to strengthen the supervision of the application of science and technology, and to actively utilize the big data, artificial intelligence, cloud computing, and other technologies to promote the development of the blockchain industry. In May, the first meeting of the Financial Technology Committee 2020 of the People's Bank of China emphasized that "we should strengthen the application practice of regulatory technology, actively use big data, artificial intelligence, cloud computing, blockchain and other technologies to strengthen the construction of digital regulatory capacity, continuously enhance the financial risk prevention capacity, and improve the professionalism, unity and penetration of supervision". in July, the Securities and Futures Commission (SFC) issued the "letter on the principle of agreeing to the construction of blockchain in Beijing, Shanghai, Jiangsu, Zhejiang and Shenzhen and other five regional equity markets", agreeing in principle to the blockchain construction of Beijing , Shanghai, Zhejiang, Jiangsu, Shenzhen and other regional equity markets to participate in blockchain construction pilot work.
At the same time, the supportive policies around the world are also competing to seize the blockchain technology high ground. All these mean that the blockchain tide is coming again, starting to step into the application stage, and is expected to be the first to land on a large scale in the field of government affairs and finance. In addition, the prospects for the application of blockchain technology in the fields of traceability, supply chain, medical care, justice, intellectual property rights, etc. are also highly expected.
This undoubtedly puts a new challenge to the enterprises that have been making money in the cryptocurrency circle: they must take an evolutionary path. We can no longer stick to the cryptocurrency circle itself, but should be committed to the layout of the blockchain ecosystem. This is also one of the reasons why the coin circle "three killings" has begun to "change its face" at the same time.
The author has always called Firecoin the "Teenage Mutant Ninja Turtles" in the cryptocurrency circle, and has always been "quietly working" with the intention of integrating the upstream, midstream and downstream business of the industrial chain, establishing a global ecosystem, and excellent blockchain industry research partners***. *The same empowers the industry and the association. Some time ago, CoinSafe, which has been on the tip of the storm, also publicly announced its "stage results" on the occasion of its third anniversary: from digital currency trading, open mining pools, project investment to charitable and public welfare, the construction of the underlying technology, the launch of CoinSafe Smart Chain, and the research of the blockchain industry, the contour of CoinSafe's ecological map is becoming clearer and more plentiful. The outline of CoinAn's ecological map is becoming clearer and fuller step by step. In July, CoinSafe announced its own "Starburst Program", linking the world's top expert resources and actively responding to the government's call to provide partners with new infrastructure technology (AI, blockchain, cloud computing, big data) consulting and counseling, technology foresight, industry analysis, sharing and counseling.
All along, more people have understood the exchanges in the cryptocurrency circle simply as crypto digital asset trading platforms, and ignored their construction on the landing of blockchain applications. But the healthy development of the cryptocurrency industry needs to be further "transformed", the platforms not only to self-discipline, but also must call for and cooperate with the relevant state departments of the industry regulation, *** with the industry ecological value creation, so that the entire blockchain industry in compliance with the road of safety, the rapid development.
The more the industry develops, the more we must call for industry regulation and enterprise self-discipline, as well as consider the industry's overall evolutionary capacity and ecological mechanism. Otherwise, "the sky to its death, necessary to its crazy", P2P is a lesson learned.