LCO virtual currency

1.

virtual currency ICO (abbreviated as initial coin offering) is a kind of blockchain, which is a common way to raise funds for cryptocurrency / blockchain projects. This kind of blockchain is a kind of data structure with relatively complex arrangement, and it is a kind of distributed ledger that can not be forged

virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard

extended materials:

virtual currency refers to a kind of virtual money on the Internet. That is to say, the information flow or data flow that replaces the circulation of real money in high technology. Today, with the rapid development of information technology, real money is far from meeting people's demand for capital flow

blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system

blockchain is an important concept of bitcoin, which is essentially a disintermediated database, as well as the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block

reference materials: Network: virtual currency

Network: ICO

Network: blockchain

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3.

1. The IPO project issues shares of the company, the main body of the issue is the legal person of the company, the legal currency raised, such as US dollar, RMB, etc., and the funds raised are used for all kinds of proction and operation activities; The ICO project issues "coin", the main body of which is the developer of digital currency project, and the fund raised is the existing digital currency

IPO projects often take a long time and go through a series of cumbersome proceres. It may take six months to complete the whole IPO process, which is not included in the preliminary planning stage; The ICO project does not need to go through complicated proceres. The whole ICO project is completed online, investors invest online, and project issuers raise funds online. The efficiency is very high and the progress is very fast

3. Regulatory audit

IPO can only be issued after the regulatory body has passed the audit, and the relevant laws are sound; However, ICO does not need to be reviewed by regulatory agencies, because ICO as a new thing grows too fast, regulators can not keep up with its pace of development, and the relevant laws are not perfect

4. Cross border financing

the financing of IPO projects is often limited to a country or a region and supervised by regulatory agencies; The ICO project is online financing, and its technical basis is blockchain technology, which has the characteristics of decentralization and unconstrained

5. Investor income

for investors, when investing in ICO projects, investors buy "tokens" with their digital currency. When "tokens" are successfully listed, their prices will fluctuate greatly, and investors can sell them at high prices for profits; When investing in an IPO project, the company's stock price usually rises sharply after it is listed and traded, and it can also profit from the price difference

6, equity, decision-making power

the shares issued by IPO are not only an investment target, but also represent a certain proportion of equity. Equity means decision-making power, and shareholders have the right to speak and make decisions on major decisions of the company; However, ICO is a pure speculative proct, and profits from its price fluctuation. The investors holding "token" do not have the decision-making power or influence on the project

source of reference: Internet ICO

source of reference: Internet IPO

4. DCE exchange is a global level blockchain digital asset trading platform, registered in Bangkok, Thailand. It operates "digital currency trading", "digital asset trading" and "issuance management" as its main business. It has obtained the "virtual currency and LCO trading permit" issued by the Philippine government, the "finance and securities trading permit" issued by Vanuatu, the new virtual digital currency related permit issued by Thailand, the "virtual currency and LCO trading permit" issued by the Philippine government, the "finance and securities trading permit" issued by Vanuatu, and the "virtual digital currency related permit" issued by Thailand Australian digital currency trading license. DCE exchange currently supports simplified Chinese, traditional Chinese, English, Thai and Vietnamese, serving nearly 100 countries and regions. It provides registration, recharge, trading and withdrawal services to nearly 1 million users worldwide.
DCE exchange has launched major global activities!!! DCE & uct's revival plan is said to have a lot of dividends!!!

5. Golden ball system refers to that in the football match, when the match enters the knockout and final stage, there is no longer a draw in the game, and the winner must be divided. When the two teams draw in the 90 minute game, the two sides have to enter the 30 minute extra time stage. According to the rules of golden ball system, when the two sides enter the extra time stage, the first side of the ball wins, and the game ends immediately. In the end, the idea was named "suddendeath". Because the word "death" was a bit terrible, the term "golden ball" eventually became the official title.

6. At present, the Chinese government does not recognize all virtual currencies, and digital asset exchanges are illegal in China
in September 2017, the Central Bank of China issued an announcement on the risks of token issuance financing. The official definition of LCO is a kind of illegal financing without funds, no organization or indivial is allowed to participate.