Recent digital currency ico

1.

Digital money is legal

digital currency itself is legal in China. Digital currency is defined as Internet goods in China, but the relevant supervision is still blank, and digital currency is still in the gray area in China. Well known digital currencies include bitcoin, Leyte coin, Ruitai coin, thousand gold card, dog coin, etc

however, there are also some non developers who use the cover of digital currency to carry out pyramid schemes, such as the Vicat scheme, treasure scheme, Porter scheme and so on

development materials:

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

2. ICO is actually the instry term of blockchain. It is the abbreviation of initial coin offering. It is the concept of initial public offering (IPO) derived from the stock market. It is the first time that blockchain projects issue tokens to raise bitcoin, Ethereum and other common digital currencies.

3. Bitcoin is a kind of virtual digital currency proposed by Nakamoto in 2009. It is characterized by no centralized issuing institution and a fixed total of 21 million pieces. It is not a one-time issue and needs to be proced by miners. Due to the decentralized structure, trust needs to rely on cryptography and consensus mechanism technology to achieve
blockchain is a general technology derived from bitcoin. It implements a decentralized database model. Bitcoin can be called blockchain 1.0 because it has no concept of smart contract. The key technologies of blockchain include cryptography encryption and decryption and consensus mechanism. Blockchain is generally used to combine with specific business logic, which needs to rely on smart contract, which provides an execution mode free from human interference
the IPO of ICO originates from the concept of initial public offering (IPO) in the stock market. It is the behavior of blockchain project to issue token for the first time, raise bitcoin and solve Ethereum and other common digital currencies.

4.

ICO (abbreviated as initial coin offering) is the concept of initial public offering (IPO) derived from the stock market. It is the behavior of blockchain project to issue token for the first time and raise bitcoin, Ethereum and other general digital currencies

brief introction to ICO:

ICO is a blockchain instry term, which is a common way to raise funds for cryptocurrency / blockchain projects. Early participants can get the cryptocurrency generated initially as a return

because the token has market value, it can be converted into legal currency to support the development cost of the project. The tokens issued by ICO can be based on different blockchains. The common issue is based on Eth and BTS blockchain, which provides bookkeeping service and value consensus to realize global issue and circulation

ICO participants are very important for the success of a project. They will publicize the blockchain project in the community, so that the tokens generated by it can obtain liquidity before the transaction starts. However, the most important value of ICO participants is still the potential benefits brought by the project development or the price appreciation after the token issue

extended information:

domestic prohibition:

at 3:00 p.m. on September 4, 2017, the people's Bank of China led seven ministries and commissions, including the Information Office of the people's Bank of China, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, to issue the announcement on preventing the financing risk of token issuance (hereinafter referred to as the announcement)

the announcement points out that token issuance financing is essentially an unauthorized illegal public financing behavior, which requires that all kinds of token issuance financing activities should be stopped immediately from the date of the announcement, and at the same time, organizations and indivials who have completed token issuance financing should make arrangements such as refund

5. Blockchain is technology, bitcoin is digital currency or electronic currency based on blockchain technology, and blockchain technology is the basic technology of all digital currencies. The two are complementary. ICO is the first time to issue currency, which is similar to IPO in stocks

6. The coin circle is about the issuance, trading, speculation and all related activities of digital currency (virtual currency), as well as the indivial users or institutions involved. The common digital currencies are bitcoin, Leyte coin, etc. here bitcoin is the most heard by people, and many people participate in the trading of bitcoin at ordinary times. Bitcoin was proposed by Nakamoto in 2008. The total number of bitcoin is only 21 million, and its issuance does not depend on any organization. With the continuous mining of bitcoin, it will be more difficult to generate bitcoin in the future, and the cost of acquiring bitcoin may be higher than the price of bitcoin itself
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

7. It's virtual currency

8. Specifically, I don't know much about
or it's better to go to their website's customer service for detailed consultation
there will be more professional answers
investment is risky
only when the actual investigation is good can it be guaranteed

9. Yes, LUT is the IC o at the end of the month

10.

The IPO of ICO, originated from the concept of initial public offering (IPO) in the stock market, is the first issue of token in blockchain projects, and the raising of bitcoin, Ethereum and other general digital currencies

the Hong Kong Securities Regulatory Commission (SFC) announced on the 19th that black cell technology Limited (black cell), the first token issuer, stopped its initial coin issuing to the Hong Kong public after taking regulatory actions against black cell in response to the concerns of the securities and Futures Commission (SFC) that black cell may have carried out unauthorized marketing activities and unlicensed regulated activities, And agreed to return the relevant tokens to Hong Kong investors to cancel the relevant ICO transaction

the SFC believes that under relevant circumstances, the above arrangements may constitute a collective investment plan

if the ICO involves an offer to the Hong Kong public to purchase an interest in a collective investment scheme or participate in a collective investment scheme, prior approval or compliance with licensing requirements under the SFO may be required unless an exemption is obtained. Interests in collective investment schemes are considered "securities" as defined in the SFO

persons or institutions engaged in ICO activities should seek legal or other professional advice if they have doubts about the applicable laws and regulatory provisions. The SFC once again reminds investors to consider carefully before deciding to invest in ICO