Ethereum ICO starts

1. 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.

2. 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.

3. ICO is very similar to IPO in form and final result
IPO is the initial public offering of a company. After IPO, the company can go to the securities exchange market for listing. Of course, there are various regulatory enforcement before and after the IPO, and the whole process is completed in reality
the difference of ICO is that the public offering party can be an indivial, a company, a community, or an institution. After the offering, it is listed and traded on the online virtual currency trading platform, such as smart star Witkey, XX eight, XX one proct, etc. the whole process is completed on the Internet
virtual currencies, such as bitcoin and Ethereum, have become fixed currency in circulation on the Internet, such as the US dollar in the real world. Most of the ICO process is not the project party selling its own equity, it should be said that it is the right to use, that is, the expected qualification of the future value of the proct
resources ICO internet post bar

4. In short, the current ICO is based on the currency issued by Ethereum, as long as a smart contract is established on it, and financing needs to publicize your contract address, so that others can automatically exchange your currency when they call eth. Finally, it is said that domestic ICO is prohibited

5. No, it depends on what kind of money you are digging. There are video card machines and chip machines,

6. I have, poke my profile~

7. According to Blizzard's setting, Warcraft uses five farmers to collect gold, and more than five will be idle population
hope to adopt

8.

The devaluation of RMB has an impact on economy, life and work:

1. The import will decrease, and the profit of enterprises mainly engaged in import will decrease, because when importing goods, they must first exchange RMB into foreign currencies such as US dollars, and then purchase goods from abroad

after the depreciation of RMB, the same RMB will get less US dollars and buy less goods, which will increase the import cost and rece the competitiveness of imported goods

2. The export will increase, and the profit of export-oriented enterprises will increase: after the depreciation of RMB, the dollar received by export goods can be exchanged for more RMB from the bank, and the profit will increase

therefore, the essence of the continuous depreciation of the RMB exchange rate is to subsidize the export enterprises and help them export, which is concive to the protection of low-end instries and backward proction capacity, but it will increase instrial pollution and damage the ecological environment, which is not concive to the country's instrial structure adjustment and instrial upgrading

Increase employment: after the devaluation of RMB, e to the decrease of import, the competition in domestic sales market will decrease, the sales of domestic goods will increase, and the employment will increase; Because of the increase of export, the profit of export enterprises will increase, which will also lead to the increase of employment opportunities

The increase of import cost will lead to the rise of proction and living consumer goods prices: the devaluation of RMB exchange rate will lead to the rise of domestic prices of imported goods and promote the rise of the overall price level

every year, the country needs to import a large amount of oil, iron ore, wood, soybean, grain and other consumer goods, which are settled in US dollars. If the RMB continues to depreciate, the import prices of these consumer goods will rise, which will increase the cost of the entire instrial chain

For the stock market, the devaluation of the local currency has a complex impact on the stock market. The devaluation of the local currency will enhance the competitiveness of domestic procts, especially the export enterprises will benefit, while the cost of the enterprises relying on imports will increase, and the profits will also be lost, which will have a negative impact on the small and medium-sized import enterprises, and the net profits of the companies will also decrease accordingly, Stock prices will also be affected

6. The price of gold and international commodities may rise: at present, both gold and international commodities are priced in US dollars. The devaluation of RMB is equal to the appreciation of US dollar, which is also equal to the rise of gold and international commodity prices. Therefore, when the local currency depreciates, it is necessary to hold and buy hard currencies such as gold

extended data:

currency devaluation (also known as currency devaluation) is the symmetry of currency appreciation, which refers to the decline of the value contained in or represented by the unit currency, that is, the decline of the unit currency price

the devaluation of currency leads to the rise of domestic prices. However, currency devaluation can stimulate proction under certain conditions, and rece the price of domestic goods abroad, which is concive to expanding exports and recing imports. Therefore, after the Second World War, many countries used it as a means of anti economic crisis and stimulating economic development

1. The devaluation of currency causes the phenomenon of price rise in China. However, currency devaluation can stimulate proction under certain conditions, and rece the price of domestic goods abroad, which is concive to expanding exports and recing imports. Therefore, after the Second World War, many countries used it as a means of anti economic crisis and stimulating economic development

2. Exchange rate instruments are often used to adjust a country's balance of payments. Governments all over the world hope to use exchange rate instruments to restore the balance of payments. Especially when a country's balance of payments is in deficit, they often use the strategy of devaluation of local currency, hoping to rece the foreign currency price of domestic exports through devaluation of local currency, To enhance the price competitiveness of domestic exports in the international market, so as to promote exports and increase exports,

on the other hand, to improve the local currency price of foreign imports in the domestic market, rece the price competitiveness of foreign imports in the domestic market, so as to rece imports

In short, through the downward adjustment of the exchange rate of the local currency, we can expand exports and rece imports, so as to narrow the trade balance and even the balance of payments deficit, restore balance and even create a surplus

The balance of payments has not been improved or even worsened. We call this phenomenon the failure of balance of payments effect of currency devaluation

The failure of balance of payments effect of currency devaluation has always existed, but it is particularly prominent in recent years. During the Southeast Asian financial crisis in 1997, the devaluation of currencies in countries such as Thailand, Malaysia, Indonesia and South Korea was between 30% and 70%, which is rare

However, the balance of payments of these countries has not been fundamentally improved for quite a long time. In recent years, the currencies of these countries have been seriously devalued e to the Russian financial crisis, the Turkish financial crisis, the Brazilian financial crisis and the Argentine financial crisis, but the improvement effect of currency devaluation on International income is not obvious

On the contrary, China withstood the impact of the financial turmoil in Southeast Asia in 1997 and insisted on the non devaluation of RMB. In fact, the RMB exchange rate was still rising steadily, but China's balance of payments situation was better than that of a year, and its foreign exchange reserves increased year after year, from less than US $140 billion at the end of 1997 to more than US $250 billion at the end of 2002

reference: Internet - currency devaluation

9. The devaluation of RMB has an impact on the economy, life and work:
1. The import will decrease, and the profit of the enterprises that mainly import will decrease: because when importing goods, they must first exchange RMB into foreign currencies such as US dollars, and then purchase goods from abroad
after the devaluation of RMB, the same RMB will get less US dollars and buy less goods, which will increase the import cost and rece the competitiveness of imported goods
2. Export will increase, and the profit of export-oriented enterprises will increase: after the devaluation of RMB, the dollar received by export goods can be exchanged for more RMB from the bank, and the profit will increase
therefore, the essence of the continuous depreciation of RMB exchange rate is to subsidize export enterprises and help them export, which is concive to the protection of low-end instries and backward proction capacity, but it will increase instrial pollution and damage the ecological environment, which is not concive to the country's instrial restructuring and instrial upgrading
3. Increase employment: after the devaluation of RMB, e to the decrease of imports, the competition in the domestic sales market will be reced, the sales of domestic goods will increase, and the employment will increase; Because of the increase of export, the profit of export enterprises will increase, which will also lead to the increase of employment opportunities
4. The increase of import cost leads to the rise of proction and living consumer goods prices: the depreciation of RMB exchange rate will lead to the rise of domestic prices of imported goods and promote the rise of the overall price level
every year, the country needs to import a large amount of oil, iron ore, wood, soybean, grain and other consumer goods, which are settled in US dollars. If the RMB continues to depreciate, the import prices of these consumer goods will rise, which will increase the cost of the entire instrial chain
5. For the stock market, the impact of devaluation of local currency on the stock market is more complex. Devaluation of local currency will enhance the competitiveness of domestic procts, especially the export enterprises will benefit, while the cost of enterprises relying on imports will increase, the profit will be lost, which will bring adverse effects to small and medium-sized import enterprises, and the net profit of the company will also decrease accordingly, Stock prices will also be affected
6. The price of gold and international commodities may rise: at present, both gold and international commodities are priced in US dollars. The devaluation of RMB is equal to the appreciation of US dollar, which is also equal to the rise of gold and international commodity prices. Therefore, when the local currency depreciates, it is necessary to hold and buy hard currencies such as gold
extended data:
currency devaluation (also known as currency devaluation) is the symmetry of currency appreciation, which refers to the decline of the value contained in or represented by the unit currency, that is, the decline of the unit currency price
the devaluation of currency causes the price rise in China. However, currency devaluation can stimulate proction under certain conditions, and rece the price of domestic goods abroad, which is concive to expanding exports and recing imports. Therefore, after the Second World War, many countries used it as a means of anti economic crisis and stimulating economic development
1. The devaluation of currency leads to the rise of domestic prices. However, currency devaluation can stimulate proction under certain conditions, and rece the price of domestic goods abroad, which is concive to expanding exports and recing imports. Therefore, after the Second World War, many countries used it as a means of anti economic crisis and stimulating economic development
2. Exchange rate instruments are often used to adjust a country's balance of payments. Governments all over the world hope to use exchange rate instruments to restore the balance of payments. Especially when a country's balance of payments is in deficit, they often use the strategy of devaluation of the local currency, hoping to rece the foreign currency prices of domestic exports through devaluation of the local currency, To enhance the price competitiveness of domestic export commodities in the international market, so as to promote exports and increase export volume,
on the other hand, to increase the local currency price of foreign imports in the domestic market, rece the price competitiveness of foreign imports in the domestic market, so as to rece imports
in short, through the downward adjustment of the exchange rate of the local currency, we can expand exports and rece imports, so as to narrow the trade balance and even the balance of payments deficit, restore balance and even create a surplus
3. The balance of payments has not been improved or even worsened. We call this phenomenon the failure of balance of payments effect of currency devaluation
the failure of balance of payments effect of currency devaluation has always existed, but it is particularly prominent in recent years. During the Southeast Asian financial crisis in 1997, the devaluation of currencies in countries such as Thailand, Malaysia, Indonesia and South Korea was between 30% and 70%, which is rare< However, the balance of payments of these countries has not been fundamentally improved in quite a long period of time. In recent years, the Russian financial crisis, the Turkish financial crisis, the Brazilian financial crisis, and the Argentine financial crisis have resulted in serious currency devaluation in these countries, but the improvement effect of currency devaluation on the balance of payments is not obvious< On the contrary, China withstood the impact of the financial turmoil in Southeast Asia in 1997 and insisted on the non devaluation of RMB. In fact, the RMB exchange rate was still rising steadily, but China's balance of payments situation was better than that of a year, and its foreign exchange reserves increased year after year, from less than 140 billion US dollars at the end of 1997 to more than 250 billion US dollars at the end of 2002.