Fun chain technology Suzhou digital currency crowdfunding tradin
Publish: 2021-05-04 14:48:46
1. Interesting chain technology ranking should be at the top of it! Recently, interesting chain technology attended many large-scale activities, and I saw a lot of good news about interesting chain technology in the circle, such as the establishment of Cheng Branch, being invited to attend the 2020 Xiangjiang Financial Development Summit, participating in the compilation of "information technology blockchain and distributed ledger technology reference architecture", participating in the first international blockchain Instry Expo, etc
2. Because the lottery platform of fun chain technology is jointly developed with Hangzhou Internet notary office, the lottery algorithm based on cryptography, together with the relevant elements of blockchain, can ensure that the lottery algorithm is random enough, and each client can verify the lottery process and results on the chain, so as to put an end to cheating. I didn't speak very carefully. I hope you can understand it
3. Fun chain technology can do it! Nowadays, the blockchain technology has been strongly supported by the state and is encouraging the development of blockchain projects. Although there are many blockchain companies at present, I still believe that the well-known and professional interesting chain technology, after all, strength can create fame~
4. Come out early, you go to the official account of the fun chain technology, but only 5 winners, do you know if you are lucky?
5. Fun chain technology is the world's leading blockchain technology and solution provider. No matter in terms of company size, or team technical strength, cooperation cases, asset size, social benefits, etc., it is far ahead in the instry. For details, you can search the official website or network of fun chain technology, which is very detailed, hoping to help you~
6.
It is reported that in 2017, blockchain finance has made great progress in these two aspects. The first breakthrough is to establish a multi-dimensional three-dimensional interactive architecture, and the second breakthrough is to establish an open source, open and trusted data registration and storage platform
but the value of a single blockchain application is limited. Blockchain technology must be combined with big data, artificial intelligence, cloud computing, 5g and 6G technologies to make it more efficient and create more value for the society
Article source: bit110 network
7. The company doesn't know much about it, but I recently watched the first forum of China International Intelligent Instry Expo 2020 online, and interesting chain technology participated in and shared it. It said that blockchain technology can help pig instry scientific and technological breeding, and also supervise all data of pig breeding, so as to protect pork brand value and consumer rights and interests! Although I don't know this company very well, I think as long as it is helpful to people's livelihood, it is a good company! Do you like my answer? If you are satisfied, please take it
8. To put it bluntly, it is actually a cloud service combined with blockchain technology
9. Introction: popcoin is a platform dedicated to blockchain virtual currency information
legal representative: Li Zhi
time of establishment: May 16, 2018
registered capital: RMB 1 million
enterprise type: limited liability company
address: 305, 3rd floor, building 12, jiuxiangling Instrial Zone, Xili street, Nanshan District, Shenzhen
legal representative: Li Zhi
time of establishment: May 16, 2018
registered capital: RMB 1 million
enterprise type: limited liability company
address: 305, 3rd floor, building 12, jiuxiangling Instrial Zone, Xili street, Nanshan District, Shenzhen
10. *: -3* ˙; seven ˙: C- ˙* 5; . Points: - C *; 0, '、` M*; , It's about 39 For: ～ - * male;, ～&# 39; People; In this paper, we discuss the relationship between the two factors; For all: face clothing; I'm sorry&# 39; Absolutely ~. Right: fly - finish * ~; Clothes, things and things` Listen; You, I'm sorry* System;!, Ren: ~ - you * put; ~, Cloth:! - *` 7.k:f,l' n-4*o; a. S: which of the two types of treasury bonds should you choose<
interpretation of a conceptual difference
voucher type treasury bonds are savings treasury bonds, which are purchased by filling in the "people's Republic of China voucher type treasury bonds collection voucher" without printing physical bonds. They are characterized by fixed income, exceeding the fixed deposit interest rate of the same period, and highly guaranteed. This characteristic has resulted in the situation that the supply of each issue of certificate treasury bonds exceeds the demand
bookkeeping treasury bond is a kind of treasury bond that records creditor's rights in the form of bookkeeping. It is mainly issued and traded through the trading system of the stock exchange, and can be registered and reported for loss. Its main feature is that its price fluctuates greatly, which makes people stay away from it“ The price of treasury bonds can fluctuate, which makes people feel too bottomless. I'm sure I dare not buy it! " Ms. Li, who bought the voucher type treasury bonds in the bank, flatly denied the practice of purchasing the bookkeeping type treasury bonds as savings
interpretation of the differences between the two purchase processes
voucher bonds mainly rely on banks and postal savings channels for sales, while bookkeeping bonds are mainly sold through exchanges. There is little difference in the convenience of purchase between the two
it is very convenient to purchase and cash voucher bonds, which can be handled by nearly 80000 outlets of more than 40 commercial banks and postal savings counters all over the country. Investors can purchase the bonds with money at all outlets ring the issuance period, and the issuing outlets shall fill in the voucher type bonds receipt, which includes the date of purchase, the name of the purchaser, the type of bonds purchased, the amount of purchase, the ID number, etc., and then hand it over to the purchaser for settlement
bookkeeping treasury bonds are mainly issued and traded through the trading system of the stock exchange. They can be registered and reported for loss. However, some bookkeeping treasury bonds are traded over the counter. Investors need to hold the Shanghai or Shenzhen shareholder code card and purchase it through the securities company where they open an account. The account opening fee is generally 5 yuan. The minimum amount of book entry treasury bonds purchased by investors is 1000 yuan, that is, 10 lots (one hand is 100 yuan). When the amount exceeds 1000 yuan, it must be a multiple of 1000 yuan
this transaction method does not need to hold bond certificates, and the bond custody account opened by the bond custody institution will record the bonds held by investors. Investors can buy treasury bonds at home by using telephone entrustment and online trading system, so as to avoid the pain of queuing in the bank
at the same time, bookkeeping treasury bonds can also be traded over the counter. To purchase such bonds, you need to open a bond trusteeship account. The opening fee is generally 10 yuan, and you need to use the bank capital account to trade without paying any fees<
interpretation of the three income differences
at present, all the voucher bonds are basically repaying the principal and interest according to the coupon rate, and do not pay the interest halfway, which is a kind of savings investment mode. Once cashed in advance, investors will face the risk of losing part of the interest income
for book entry treasury bonds, the held to maturity income is also fixed, which is no different from the savings function of voucher treasury bonds
bookkeeping treasury bonds are divided into two types: face value (100 yuan) and discount (less than 100 yuan). The government will pay the interest according to the coupon rate when the Treasury bonds are issued at face value every year. If the Treasury bonds are issued at discount, the coupon rate will not be stipulated. If the issue price is subtracted from the face value of 100 yuan, the interest income ring the holding period will be obtained, The price fluctuation brought by the exchange listing is the main reason for the extra income
column: if you buy a three-year bond of 100000 yuan, you can get 100000 * 5.74% = 5740.00 yuan interest for each year of maturity. 5740.00 yuan for three consecutive years. From the point of view that interest can also generate interest: "it is a little more than the one-time interest of 17220.00 yuan for certificate treasury bonds in three years." However, its disadvantage is that it can not be withdrawn in advance within half a year, and the voucher type treasury bonds can be withdrawn at any time without time limit
four liquidity differences
the voucher type treasury bonds are relatively inferior in liquidity. Therefore, if investors need to cash in, they need to cash in advance at the original purchase site, but they need to pay a handling fee of 0.1% of the cashed principal, and calculate the interest according to the actual holding time and the corresponding interest rate. This method of recording interest by holding time makes the buyer fully avoid the interest loss caused by cash in advance, which can also be regarded as a compensation for the relative lack of liquidity. In addition, e to the people's "special" favor for the voucher type treasury bonds, the cashed treasury bonds are often unable to be bought back, which results in that for the same investor, the behavior of selling Treasury bonds will only happen once
book entry treasury bonds are listed on the stock exchange and have strong liquidity. After the securities company opens an account, investors can buy and sell in the secondary market through the securities trading system, and also through telephone entrustment, online trading and other means
in addition to the way of trading in the stock exchange, the bank counter is also an important place for investors to trade book entry treasury bonds. At present, commercial banks in the four major countries of instry, agriculture, China and construction will list the buying and selling prices of treasury bonds at the counters of their subordinate business outlets according to the daily trading situation of the national inter-bank bond market, so as to ensure that investors can buy and sell treasury bonds in time
however, it should be noted that there is a price difference between the buying and selling prices at the bank counter. Therefore, even if there is no handling charge for the trading of book entry treasury bonds in commercial banks, for investors, the difference between high selling and low buying is actually the commission paid to the bank
the quotation of book entry treasury bonds of the four commercial banks are all decided by themselves, so their quotation on the same day may be different. Some people try to carry on the operation of inter-bank trading through the way of re trusteeship for arbitrage. However, because the transfer fee for each transaction is 50 yuan, and according to the regulations of the central bank, the bid ask spread of national debt announced by commercial banks should not exceed 1%, so the opportunity to provide investors with bid ask spread beyond the transaction cost is too few. However, some senior people in the banking instry disclosed that after the central bank introced major monetary policies, such as raising interest rates and other measures, the commercial banks were not well prepared, and there might be a large price difference between the quoted prices, resulting in arbitrage opportunities
through the above comparison, readers may have a clearer understanding of the two kinds of treasury bonds. The voucher type focuses on security, while the bookkeeping type emphasizes income
the bookkeeping type is still unfamiliar to most investors. To this end, the relevant experts through the comparison of bookkeeping and voucher bonds, for investors to make it clear
firstly, in terms of interest income, the interest income of voucher treasury bonds is relatively fixed,; And bookkeeping treasury bonds, according to the net price trading principle of treasury bonds, the prescribed interest will be calculated until the day before the transaction
secondly, from the perspective of capital income, e to the fact that voucher bonds can not be traded, there is no capital income. When investing in bookkeeping treasury bonds, investors value capital income. To take a simple example, if other factors remain unchanged, the RMB deposit interest rate will be lowered, and the investment value of treasury bonds will be highlighted. Because the calculation formula of compound interest is relatively complex, simply put, if the RMB deposit interest rate is reced by 1 percentage point, the yield of ten-year Treasury bonds with a face value of 100 yuan is about 10%, which means that the quotation of treasury bonds in the bank on that day is likely to rise to 110 yuan, and the investors who make a lot of money can sell them immediately. Of course, because there are many factors affecting the quotation of bookkeeping treasury bonds, investors need to have certain theoretical knowledge to analyze the current economic situation and predict the future trend of treasury bonds according to relevant data such as prices and economic growth index
of course, income and risk are also a pair of brothers. From the perspective of risk, because the voucher bonds can be realized in advance and do not participate in the interest rate setting, the investors almost do not bear the risk, but the banks bear the liquidity and realization risk; The risk of bookkeeping treasury bonds is borne by indivial investors. However, if investors do not trade with banks ring the period of 5-year or 10-year Treasury bonds, the interest income is still relatively fixed and the risk is not great< However, for real investors, there is no doubt that they should choose book entry treasury bonds
note: the above analysis does not consider the change of market interest rate with the change of resial maturity.
the longer the holding time of book entry treasury bonds is, the closer it is to the yield to maturity. No matter what kind of market interest rate, the yield curve is summarized to a point on the maturity date, The yield risk is 0.
the intersection point of the yield curve of the advance payment of the voucher treasury bond and the bookkeeping treasury bond is that the yield of the voucher treasury bond and the bookkeeping treasury bond is the same when they are paid in a certain period, and the period extends with the increase of the market interest rate. For example, when the market interest rate is 5%, the holding period with the same yield is about one year, When the interest rate is 8%, the holding period with the same yield is more than 3 years. If the future market interest rate is 3%, it is better to buy book entry treasury bonds than voucher treasury bonds at any time< Second, the difference analysis of the value deviation between the voucher bond and the bookkeeping bond, The author thinks that the main reasons are as follows:
the habit of irrational investment is the most important factor. The common people are used to buying Treasury bonds in the bank and not used to other ways
the common people hate learning new trading tools, such as the trading system and trading rules of securities firms
the interest rate risk of bookkeeping bonds is greater than that of voucher bonds. People's risk tolerance is very poor, even if the extension of holding time can rece this risk and ultimately obtain stable returns< Third, how do investors choose
for real investors, the reason for buying book entry treasury bonds is very simple - the yield is high
after we solve the problem of choosing voucher treasury bonds and book entry treasury bonds, we should further solve the problem of which book entry treasury bonds to buy, which is determined by the following factors:
the buyer's capital use plan, and the expected holding period is the most important premise
select the bookkeeping treasury bond with the highest internal rate of return within the above period
if the expected holding period is uncertain, you can buy short-term treasury bonds or enter the market
interpretation of a conceptual difference
voucher type treasury bonds are savings treasury bonds, which are purchased by filling in the "people's Republic of China voucher type treasury bonds collection voucher" without printing physical bonds. They are characterized by fixed income, exceeding the fixed deposit interest rate of the same period, and highly guaranteed. This characteristic has resulted in the situation that the supply of each issue of certificate treasury bonds exceeds the demand
bookkeeping treasury bond is a kind of treasury bond that records creditor's rights in the form of bookkeeping. It is mainly issued and traded through the trading system of the stock exchange, and can be registered and reported for loss. Its main feature is that its price fluctuates greatly, which makes people stay away from it“ The price of treasury bonds can fluctuate, which makes people feel too bottomless. I'm sure I dare not buy it! " Ms. Li, who bought the voucher type treasury bonds in the bank, flatly denied the practice of purchasing the bookkeeping type treasury bonds as savings
interpretation of the differences between the two purchase processes
voucher bonds mainly rely on banks and postal savings channels for sales, while bookkeeping bonds are mainly sold through exchanges. There is little difference in the convenience of purchase between the two
it is very convenient to purchase and cash voucher bonds, which can be handled by nearly 80000 outlets of more than 40 commercial banks and postal savings counters all over the country. Investors can purchase the bonds with money at all outlets ring the issuance period, and the issuing outlets shall fill in the voucher type bonds receipt, which includes the date of purchase, the name of the purchaser, the type of bonds purchased, the amount of purchase, the ID number, etc., and then hand it over to the purchaser for settlement
bookkeeping treasury bonds are mainly issued and traded through the trading system of the stock exchange. They can be registered and reported for loss. However, some bookkeeping treasury bonds are traded over the counter. Investors need to hold the Shanghai or Shenzhen shareholder code card and purchase it through the securities company where they open an account. The account opening fee is generally 5 yuan. The minimum amount of book entry treasury bonds purchased by investors is 1000 yuan, that is, 10 lots (one hand is 100 yuan). When the amount exceeds 1000 yuan, it must be a multiple of 1000 yuan
this transaction method does not need to hold bond certificates, and the bond custody account opened by the bond custody institution will record the bonds held by investors. Investors can buy treasury bonds at home by using telephone entrustment and online trading system, so as to avoid the pain of queuing in the bank
at the same time, bookkeeping treasury bonds can also be traded over the counter. To purchase such bonds, you need to open a bond trusteeship account. The opening fee is generally 10 yuan, and you need to use the bank capital account to trade without paying any fees<
interpretation of the three income differences
at present, all the voucher bonds are basically repaying the principal and interest according to the coupon rate, and do not pay the interest halfway, which is a kind of savings investment mode. Once cashed in advance, investors will face the risk of losing part of the interest income
for book entry treasury bonds, the held to maturity income is also fixed, which is no different from the savings function of voucher treasury bonds
bookkeeping treasury bonds are divided into two types: face value (100 yuan) and discount (less than 100 yuan). The government will pay the interest according to the coupon rate when the Treasury bonds are issued at face value every year. If the Treasury bonds are issued at discount, the coupon rate will not be stipulated. If the issue price is subtracted from the face value of 100 yuan, the interest income ring the holding period will be obtained, The price fluctuation brought by the exchange listing is the main reason for the extra income
column: if you buy a three-year bond of 100000 yuan, you can get 100000 * 5.74% = 5740.00 yuan interest for each year of maturity. 5740.00 yuan for three consecutive years. From the point of view that interest can also generate interest: "it is a little more than the one-time interest of 17220.00 yuan for certificate treasury bonds in three years." However, its disadvantage is that it can not be withdrawn in advance within half a year, and the voucher type treasury bonds can be withdrawn at any time without time limit
four liquidity differences
the voucher type treasury bonds are relatively inferior in liquidity. Therefore, if investors need to cash in, they need to cash in advance at the original purchase site, but they need to pay a handling fee of 0.1% of the cashed principal, and calculate the interest according to the actual holding time and the corresponding interest rate. This method of recording interest by holding time makes the buyer fully avoid the interest loss caused by cash in advance, which can also be regarded as a compensation for the relative lack of liquidity. In addition, e to the people's "special" favor for the voucher type treasury bonds, the cashed treasury bonds are often unable to be bought back, which results in that for the same investor, the behavior of selling Treasury bonds will only happen once
book entry treasury bonds are listed on the stock exchange and have strong liquidity. After the securities company opens an account, investors can buy and sell in the secondary market through the securities trading system, and also through telephone entrustment, online trading and other means
in addition to the way of trading in the stock exchange, the bank counter is also an important place for investors to trade book entry treasury bonds. At present, commercial banks in the four major countries of instry, agriculture, China and construction will list the buying and selling prices of treasury bonds at the counters of their subordinate business outlets according to the daily trading situation of the national inter-bank bond market, so as to ensure that investors can buy and sell treasury bonds in time
however, it should be noted that there is a price difference between the buying and selling prices at the bank counter. Therefore, even if there is no handling charge for the trading of book entry treasury bonds in commercial banks, for investors, the difference between high selling and low buying is actually the commission paid to the bank
the quotation of book entry treasury bonds of the four commercial banks are all decided by themselves, so their quotation on the same day may be different. Some people try to carry on the operation of inter-bank trading through the way of re trusteeship for arbitrage. However, because the transfer fee for each transaction is 50 yuan, and according to the regulations of the central bank, the bid ask spread of national debt announced by commercial banks should not exceed 1%, so the opportunity to provide investors with bid ask spread beyond the transaction cost is too few. However, some senior people in the banking instry disclosed that after the central bank introced major monetary policies, such as raising interest rates and other measures, the commercial banks were not well prepared, and there might be a large price difference between the quoted prices, resulting in arbitrage opportunities
through the above comparison, readers may have a clearer understanding of the two kinds of treasury bonds. The voucher type focuses on security, while the bookkeeping type emphasizes income
the bookkeeping type is still unfamiliar to most investors. To this end, the relevant experts through the comparison of bookkeeping and voucher bonds, for investors to make it clear
firstly, in terms of interest income, the interest income of voucher treasury bonds is relatively fixed,; And bookkeeping treasury bonds, according to the net price trading principle of treasury bonds, the prescribed interest will be calculated until the day before the transaction
secondly, from the perspective of capital income, e to the fact that voucher bonds can not be traded, there is no capital income. When investing in bookkeeping treasury bonds, investors value capital income. To take a simple example, if other factors remain unchanged, the RMB deposit interest rate will be lowered, and the investment value of treasury bonds will be highlighted. Because the calculation formula of compound interest is relatively complex, simply put, if the RMB deposit interest rate is reced by 1 percentage point, the yield of ten-year Treasury bonds with a face value of 100 yuan is about 10%, which means that the quotation of treasury bonds in the bank on that day is likely to rise to 110 yuan, and the investors who make a lot of money can sell them immediately. Of course, because there are many factors affecting the quotation of bookkeeping treasury bonds, investors need to have certain theoretical knowledge to analyze the current economic situation and predict the future trend of treasury bonds according to relevant data such as prices and economic growth index
of course, income and risk are also a pair of brothers. From the perspective of risk, because the voucher bonds can be realized in advance and do not participate in the interest rate setting, the investors almost do not bear the risk, but the banks bear the liquidity and realization risk; The risk of bookkeeping treasury bonds is borne by indivial investors. However, if investors do not trade with banks ring the period of 5-year or 10-year Treasury bonds, the interest income is still relatively fixed and the risk is not great< However, for real investors, there is no doubt that they should choose book entry treasury bonds
note: the above analysis does not consider the change of market interest rate with the change of resial maturity.
the longer the holding time of book entry treasury bonds is, the closer it is to the yield to maturity. No matter what kind of market interest rate, the yield curve is summarized to a point on the maturity date, The yield risk is 0.
the intersection point of the yield curve of the advance payment of the voucher treasury bond and the bookkeeping treasury bond is that the yield of the voucher treasury bond and the bookkeeping treasury bond is the same when they are paid in a certain period, and the period extends with the increase of the market interest rate. For example, when the market interest rate is 5%, the holding period with the same yield is about one year, When the interest rate is 8%, the holding period with the same yield is more than 3 years. If the future market interest rate is 3%, it is better to buy book entry treasury bonds than voucher treasury bonds at any time< Second, the difference analysis of the value deviation between the voucher bond and the bookkeeping bond, The author thinks that the main reasons are as follows:
the habit of irrational investment is the most important factor. The common people are used to buying Treasury bonds in the bank and not used to other ways
the common people hate learning new trading tools, such as the trading system and trading rules of securities firms
the interest rate risk of bookkeeping bonds is greater than that of voucher bonds. People's risk tolerance is very poor, even if the extension of holding time can rece this risk and ultimately obtain stable returns< Third, how do investors choose
for real investors, the reason for buying book entry treasury bonds is very simple - the yield is high
after we solve the problem of choosing voucher treasury bonds and book entry treasury bonds, we should further solve the problem of which book entry treasury bonds to buy, which is determined by the following factors:
the buyer's capital use plan, and the expected holding period is the most important premise
select the bookkeeping treasury bond with the highest internal rate of return within the above period
if the expected holding period is uncertain, you can buy short-term treasury bonds or enter the market
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