On the Protracted War of Crypto Exchanges: Coinyee

Coinyee
Coinyee
Sep 6, 2018 · 3 min read

The last decade featured unprecedented bitcoin in an onrush of twists and turns, crackdown and ATH. It has cast off sham from a Geek idea to a well-recognized buzzword housing various news, trends and celebrities. You have to admit that its clout is advancing into mainstream social media outlets and to a wider community.

Crypto exchanges, highly dependent on cryptocurrencies such as bitcoin, ethereum and litecoin, have slipped into a heated battle inside. This battle chronicled three phases of crypto exchanges so far and each of them got deep influence on today’s crypto market and community.

The first growth ring was marked by 2011 crypto exchanges which very much relied on bitcoin. BTCCHINA and Mt.Gox were representatives of that rush. It was noticeable that they disappeared from the stage by state regulation and hack attack. Alike, the 2013 crypto bull market incubated and gave birth to another school of crypto exchanges where whales and fish were engulfed in the carnival. The least historical ones emerged in 2017, a year of cryptocurrency bloom. The variety and multiplicity of the very cryptocurrencies were never so lusting to non-crypto folks worldwide.

While the current crypto market, covered with “Extreme Fear” market sentiments and emotions, has long lost the ATH and get-rich-quick legends. What left was cautions and long-term investment by some brave investors who previously had greater ambition and expectations.

Coinyee originated back in 2017 and it showcased a much different self-definition of “light and exquisite” crypto exchange, which gave it a swerve from other major exchanges.

Fran Han, co-founder of Coinyee Exchange, asserted that the high speed train has come to the very crossroad of “survival of the fittest; death of the inferior” and the brand-new “light and exquisite” provided Coinyee with a vantage point to look at the whole picture out there. He further suggested that value investment must be served and focal point on quality token/coin listing should be on tops of exchange’s ranking. By adopting these principles can we self examine and fight for the way out.

Among Coinyee listed projects, mainstream coins excluded, TRIP stood out for its striking appearance on real-world application — Trip.org launched in China as the brainchild of TRIP projects party and headed direct into the public assumption of token economy. Besides, NLF, another Coinyee-listed coin, has incubated its own APP, New Life which now goes viral in e-commerce.

We cannot ignore at present the darkness and potential risks hidden below. As crypto market stepped into the new area, speculative demands would shrink and lessen while more quality projects and value-investment-worth projects would sprout. Many prospective DAPPs will launch and facilitate our daily life. They will be main characters in the crypto industry.


Telegram:https://t.me/coinyee_official

Facebook:https://www.facebook.com/coinyee

Twitter: https://twitter.com/coinyee

Translated from https://www.jinse.com/bitcoin/232377.html

Coinyee

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Coinyee

http://www.coinyee.pro is a leading digital asset exchange aiming the world market. We work with multiple blockchain pilot projects to better serve our users.

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