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MyToken was established in August 2017, choosing to use market services as the entry point, and is determined to provide users with a healthy cryptocurrency investment platform. We hope to provide investors with the most objective and neutral data, information and tools to help investors have a deeper understanding of the blockchain industry and project parties.
New World
In 2008, Satoshi Nakamoto released the Bitcoin White Paper and began a great irreversible technological/social revolution. Bitcoin is a well-designed decentralized system that requires as many nodes (participants) as possible to join
In this system, in order to enhance the stability and robustness of the entire system, facing this cold start problem, Satoshi Nakamoto described a complete set of mechanisms for using token issuance and circulation to complete the decentralization in the "Incentive Mechanism" chapter of the white paper.
a plan for motivation.
Ten years later, when we look back at the setting of this Bitcoin token incentive system, we will find that the results are extremely positive and inspiring. The Bitcoin system has absorbed nearly 20e Hashrate's computing power, and the market value of Bitcoin itself
The highest price exceeded US$300 billion, and the highest price exceeded US$19,000. It formed an unprecedented decentralized organization and community, which ripened the use of over-the-counter trading, exchanges, initial token public offering fundraising, vertical media and communities as
It represents the pan-Bitcoin ecosystem, and the entire system is still in rapid expansion.
Everything is exciting, and more profoundly, this transformation driven by the underlying technology has spawned a new industry - the blockchain industry, and a new economic ecosystem based on unique cryptocurrencies. This ecology gives this
Down-to-earth practitioners and participants in a new industry have brought a new revolution of thinking: practitioners are open to the public in a more transparent and decentralized organizational form, obtain start-up funds through their own cryptocurrencies and solicit early nuclear power.
The group of supporters of the heart; enthusiasts have the opportunity to participate in the development of an excellent company as soon as possible, and help the organization grows and can also obtain corresponding economic returns.
New Trends
Cryptocurrencies are the blood of the blockchain industry, and their development will inevitably be far-reachingly affected by the development of the entire industry. In the past decade, the entire blockchain industry has undergone changes from "Blockchain 1.0" to "Blockchain 2.0", which is
The imprints of these industries have also affected the changes in the entire cryptocurrency business environment.
The "Blockchain 1.0" era is represented by Bitcoin, and hopes to solve the decentralization problem of currency and payment methods with a new technological driving force. Although the concept of blockchain has been proposed at this time, the entire community still has a better understanding of it.
More elementary, projects around blockchain/bitcoin play more roles in "money and payment solutions", and their imagination space is limited to the industry. At this time, cryptocurrencies have not yet shown a formed business model, but are just using goods.
The exchange between coins is mainly done.
The maturity of Ethereum and smart contracts has opened the curtain of the "Blockchain 2.0" era. More and more people are aware of the value of Bitcoin's underlying technology and are committed to applying it to other industries. The emergence of Ethereum provides an internal
Setting the complete blockchain underlying layer, helping developers to create smart contracts containing state and complete logic very conveniently, which greatly reduces the development cost and technical threshold of blockchain projects, making blockchain unique to them
Heart-to-heart and trust-free mechanisms can be widely used in every industry involved in people's lives: finance, the Internet of Things, medical care, justice, content distribution, artwork, communication and social, entertainment, advertising, storage services, etc.
Under this rapid industrialization trend, the business environment of cryptocurrencies is constantly expanding. In addition to Bitcoin and the "traditional" currency payment field, pioneering teams from all walks of life will emerge almost every month, hoping to use this new technology.
We have also seen highly creative and imaginative projects and teams, and compared with Bitcoin, which has become “relatively mature”, the value of these currencies has been quickly recognized by people - the entire
The business model of cryptocurrencies is beginning to become more diversified. We also believe that this trend of diversification will become the main theme of the visible future.
Demands and Pain Points
The rapid development of the blockchain industry has promoted the popularization of cryptocurrencies, and the popularization of cryptocurrencies has further promoted the growth of the blockchain industry. According to incomplete statistics, since 2017, the initial token public offering financing has been represented by the
Financing has been close to 500, with a total of about $5 billion in funds raised, and about 2,000 types of cryptocurrencies available for trading, and nearly 300 well-known exchanges providing cryptocurrency transactions (from MyToken Numbers
according to).
Rapid development will inevitably be accompanied by wild growth. For enthusiasts who have entered and hope to enter the cryptocurrency business ecosystem, the trend of industrialization has brought them more opportunities, but also many pain points:
1. There are many types of cryptocurrencies
According to MyToken data, there are about 2,000 types of cryptocurrencies available for trading, and they are still growing at a rate of dozens per month, covering a total of about 100 sub-sectors. For most enthusiasts, just understanding the project information of some mainstream currencies (project goals, team composition, field, financing status, and value expectations) has become almost impossible tasks;
2. Cryptocurrency transactions are too diversified
During the industry development, due to the low startup cost of cryptocurrency exchanges (referring to startup cost, providing good services requires relatively high cost investment), and the returns are generous, a large number of exchanges have been born around the world in the past few years. According to MyToken data, there are currently nearly 300 well-known cryptocurrency exchanges, each maintaining different cryptocurrency transactions based on its own resources and strategies, and providing different
The same transaction price and transaction depth help enthusiasts understand the distribution and prices of all currencies at a glance, and it has also become an urgent problem in the process of cryptocurrency value circulation;
3. Personal assets are difficult to measure
Due to the above two reasons, the participants' personal assets have also become extremely dispersed, which may be scattered in different exchanges and wallets, and may even include some cryptocurrency assets that have purchased first-time cryptocurrency public fundraising products but have not yet arrived. On the other hand, due to the huge fluctuation of cryptocurrencies, enthusiasts are almost unable to estimate their total assets;
4. High transaction costs
Currently, the participation methods of cryptocurrencies include transactions between fiat currency and cryptocurrencies, transactions between cryptocurrencies, participation in the initial token public offering fundraising, etc. Fiat currency transactions are currently concentrated on most OTC platforms, and cryptocurrency transactions are currently mainly concentrated on exchanges, and the initial token public offering fundraising is distributed in many project official websites, vertical platforms and some user groups. All these transactions are extremely dispersed, causing the overall user experience to fail to form an effective closed loop, resulting in a lot of waste of energy;
5. High decision-making costs
The essence of identifying with the value of cryptocurrencies is the recognition of the commercial value of enterprises and projects. As for each project, it is extremely difficult to examine whether its market value/valuation is reasonable, the team's industry background and technical capabilities, the project's competitive environment and potential expectations, and even whether the public relations information released is true. If it is not analyzed and just blindly buying based on the publicity of the project party, it will bring great economic risks on the one hand, and on the other hand, it will aggravate the impetuousness of the entire market, encouraging malicious market making and fraud;
6. Wild growth of industry chaos
Because blockchain is born with decentralized and globalized characteristics, it is difficult for the country and the government to effectively supervise the entire industry through administrative orders. With the impetuous business environment, the entire industry is full of chaos. Many projects with bad intentions have made up an air project white paper to complete fundraising and go online for transactions without a development and operation team, no initial products or even business plans. Many pyramid scheme teams even openly cheat in the name of cryptocurrency, resulting in extremely bad consequences and large economic losses. The above are the industry chaos that we have been able to see since July 2017. When these air projects finally complete the convergence of wealth and collectively escape from the market, they will only leave a devastated look, bringing a heavy blow to the blockchain industry that is about to enter the rapid development.
Blockchain brings decentralization to modern business. The two underlying features of trust can greatly reduce the trust costs in real life and business, and have a profound impact on the future business organization form. Based on this underlying technology
The revolution in technology can be foreseen that incalculable new business forms will erupt in the future, and blockchain technology may lead the next revolution in the human world.
Based on this imaginative business foundation, the cryptocurrency system built on the blockchain project has injected blood and vitality into the launch and sustainable development of new businesses, and organically absorbed early community members to participate in the construction company
While the industry value is also brought to enterprises a new model of obtaining development funds, it brings users the opportunity to participate in the early construction of the project and provides a good path to contribution and return. If this positive cycle can be healthy
To develop, cryptocurrencies may become the new engine of the future business world.
Based on this outlook and understanding, MyToken hopes to effectively connect the blockchain world and the traditional world, effectively connect the blockchain-based project parties and participants, help everyone better understand the world of projects and blockchain, and jointly
Achieve a bright future for the entire industry and the human world.
MyToken has issued a cryptocurrency based on the ERC20 standard, codenamed MT. MT will carry value circulation in the MyToken community ecosystem and become the blood of ecological co-construction and value consensus. At the same time, in order to further bind ecological value to all ecological members and enthusiasts, the system will regularly allocate [MT contribution degree] (temporary name) based on the number and time the user holds. [MT contribution degree] will be linked to user permissions in some scenarios, and at the same time it flows in the process of user behavior. MT ecological applications include and are not limited to:
Promotion Engine [Precise Advertising]
At present, MyToken is already a platform that gathers a large amount of traffic for cryptocurrency enthusiasts, and has the commercial value of bridging excellent blockchain projects/services and potential user groups. As a platform for gathering user traffic, MyToken also hopes to take into account the interests of both parties through a reasonable promotion engine and help both parties obtain maximum value.
In traditional advertising and promotion models, the entire system has become very bloated and boring: a large number of advertisements simply and roughly encroach on the audience's attention, which means cost squandering for advertisers and meaningful to the audience
Deficiency caused by excessive consumption of attention. Based on this fact, in the traditional advertising ecosystem, platform vendors have proposed some concepts of "precision advertising" and provide advertisers with some screening based on user privacy and behavioral data.
Value - The audience's choice has become slightly more accurate, but the audience's own demands are still roughly ignored: centralized handling of hidden dangers of privacy and security, indifference from users' own needs, and the plunder of user attention value. On the other hand, because most platforms can obtain limited data value, this so-called "precision" cannot achieve their goals well.
Blockchain technology allows us to resolve these contradictions: users can control their attention value and obtain equivalent returns, or they can choose to use a pure product or platform without interference; more effective based on value networks,
More accurate audience matching; and possible effective management of authorization and privacy.
Cryptocurrency Transactions [Aggregation Transactions]
Trading is an essential need for the circulation of cryptocurrencies. In view of the current situation where there are a large number of exchanges and extremely scattered cryptocurrency transactions, MyToken will connect more exchanges in the ecosystem and provide one-stop exchanges for enthusiasts
Easy service eliminates the trouble of logging in to multiple exchanges and also brings more transactions and depth to the exchanges.
In addition to connecting with centralized exchanges with good trading depth, MyToken will also gradually connect to some decentralized exchanges. Although decentralized exchanges currently have certain problems in depth and matching, they are in currency
The coverage and immediacy can provide good support to meet the first-time transaction needs.
Initial token public offering fundraising [Overseas ICO Platform]
According to incomplete statistics, in 2017, about 1,000 projects completed fundraising through the issuance of ERC20 tokens by Ethereum smart contract. This new model connects project parties and participants with low financing costs and excellent liquidity
The mate has replaced traditional crowdfunding and has quickly become the most important and mature application field based on Ethereum smart contracts, and has also become the most important part of the current cryptocurrency business ecosystem.
However, the current IC token public fundraising still has many demands for project parties and participants:
1. The project party needs to find good advertising channels to complete the promotion and distribution;
2. For participants, many projects can only be participated through the official website, and the information is extremely scattered;
3. For compliance purposes, many projects require participants to complete KYC certification. Each participant participates in a project and needs to fill in a large amount of information repeatedly;
4. For participants, many direct investments on official websites cannot provide a good and unified operating experience, and the information is sometimes of varying quality, which increases operating costs;
5. Some project parties themselves have bad intentions and are suspected of excessive packaging and publicity or even fraud.
Under the premise of compliance, MyToken, as a community of cryptocurrency enthusiasts, can help project parties and participants establish more accurate mutual selection channels. Project parties can accurately publish fundraising information through MT, and enthusiasts can also obtain a good experience, a highly consistent operating interface, and eliminate complex and tedious processes through single-point KYC certification.
Eco-based services [In-depth services]
In addition to setting up some basic service architectures to help users and participants complete transactions more easily, obtain effective information more clearly, and effectively integrate into the blockchain world, MyToken also hopes to provide cryptocurrency enthusiasts with
Provide more professional services.
Focusing on the business ecosystem of cryptocurrencies, there are many professional teams that can provide very effective products to help enthusiasts select value currencies, provide multi-dimensional assessments, and configure positions. Similar services include, not limited to
Quantitative trading, trading follow-up investment, derivative trading, smart contract audit, professional project evaluation, etc.
MyToken will open up data and users and establish cooperation with professional service teams. We believe that professional work should be handed over to professional teams to complete, and we also believe that our users can only under the competition and cooperation mechanism of a hundred flowers.
Get the best quality and professional service.
*The above content is compiled by the official account of non-small accounts. If reprinted, please indicate the source.