Bitcoin rose the highest monthly rate of more than 70% Buffett lunch added another fire?

Source: China Securities Broker

The news of the 2019 Buffett benevolent luncheon was recorded at the record price of the new generation of “90 million dollar circle”.

After more than a year of silence, bitcoin prices rose strongly in May, and the highest increase was more than 70% in the month. Compared with the low of 3500 US dollars at the beginning of the year, the increase is even 150%, which is one of the best investment targets this year.

At the beginning of June, bitcoin prices fell sharply. As of press release, the gate.io platform offered a price of $7750. In the eyes of the outside world, there seems to be no logic in the rise and fall of the currency price, but in the eyes of the industry, everything is traceable. Admission of mainstream institutions, stronger consensus and USDT are signs of market transformation from bear to cattle. With the rise in the price of money, the price volatility is also increasing.

Bitcoin’s best assets in adulthood

Compared with $3500-4000 at the beginning of the year, bitcoin’s highest growth rate has exceeded 150%, making it one of the best investment targets this year.

In May 1st, the lowest price of bitcoin was $5320. In May 4th, it broke through the $6 thousand mark, and then broke through the 7000 and 8000 US dollar pass. In the early morning of May 31st, it broke through again by a sharp break of 9000 US dollars, and dropped rapidly after 15 minutes.

Demand side force and price rise complement each other. When prices begin to bottom up, there is a distinct upward trend in approach capital. At present, the price of USDT is US $7.16, which is 3.5% higher than the US dollar and RMB exchange rate. Investor Chen Yan believes that at present, there is a lack of substantial investment targets on the global scale, long-term volatility of commodities and relatively high stock prices. At the same time, bitcoin prices are relatively low, and $3000 will be considered an excellent entry point.

The contract emperor COO duwan told a broker China reporter that from the historical trend, bitcoin rebounding from $1150 to US $150 in 2014, it has springback six times in the vicinity of US $300-400, and has fallen to 150 US dollars seventh times. In 2018, six US dollars from 20000 US dollars were tested for 6000 US dollar pressure, and then seventh fell to more than 3000 US dollars. In 2015, bitcoin tried to break through $300 from $150 for two consecutive times, but failed to rise to $520 third times. The difference is that the first time it broke through 6000 dollars.

6000 dollars was once considered an important resistance to currency prices. After the first breakthrough in May 4th, the market generally thought it would be callback, but only three days later, it was firmly in the position and continued to go up. “This is a process of bargaining chips.” Du Wan said that there was a large number of empty seats in the position of 6000 dollars, 6500-7000 dollars exploded the high leverage, and the lower leverage broke out in 8000 US dollars, so it was normal for the main force to pull up to nearly 9000 dollars.

“Many people are surprised that this increase is so rapid. In fact, the logic is very clear.” Ren Wenhao, a senior digital currency trader, told Chinese reporters of securities business that first, when the bitcoin price was around us $3000, there was a large amount of funds to absorb chips. We must profit by pulling up the shipment. Two, the main force was to attract attention and money through a rapid increase.

Chen Yan believes that the logic of the rise of the current round of subtle changes, mostly hype before, but recently from the transaction time and disk observation, the current round of rising driven by overseas markets, “the recent several pulls occurred in the early morning, and all started from the Bitstamp platform. China’s trading partners are basically in the currency or OK. This exchange has fewer users in China. It is very likely that the main force of this wave is driven by foreign countries. Chen Yan said.

Xiao Lei, a senior digital currency analyst, told broker China reporters that the rise in bitcoin prices was not a geek’s utopian vision, nor a dream of the riches of grass-roots retail investors. Instead, many international rich clubs began offering bitcoin services to the super rich.

Xiao Lei said that since the beginning of last year, Goldman Sachs has been involved in the bitcoin market in a high profile. First, it asked users to compare the price of special currency, and then began to use its own capital trading bitcoin futures on behalf of customers. In September last year, Morgan Stanley planned to introduce a price returnswap bitcoin derivative to its customers. In March of this year, FDAS, a digital asset trading and trusteeship group under the fortune trillions of the world, began to support the hosting of bitcoin assets. In the future, the allocation of digital assets by mainstream institutions is a noteworthy highlight.

Buffett again detonated coins in lunch

In the early morning of June 4th, Sun Yuchen released a message through micro-blog, saying, “I officially announced that I won a record 20 Buffett charity lunch auction. I will also invite the leaders of the block chain industry to meet the investment leader. I hope this will benefit everyone.

You know, Sun Yuchen won the Buffett charity lunch for $4 million 567 thousand and 888 and set up a Buffett charity lunch auction record. This move, in addition to let Sun Yuchen fame, the money circle once again returned to the public view.

However, from the perspective of reaction, block chain and encryption community seem to be not very popular. The Chinese reporters of securities companies have noticed that on the same day, whether WeChat group, circle of friends or micro-blog commentaries, many people think that this is another marketing behavior of Sun Yuchen. A circle of media people in the circle of friends said, “Sun boss spent about 30000000 RMB to eat a meal with Buffett, do a round of communication, pull a plate, cut a wave of leek, and came back. Indeed, he admires sun boss’s courage, and every time he decides the input output is very strong.

More interesting is that Buffett and his old partner Munger are not the supporters of virtual currencies such as bitcoin. On the contrary, Buffett has publicly criticized bitcoin in many occasions, and has clearly stated that bitcoin is not investing two in gambling, and it will not invest 10 Fen in it.

When bitcoin was more than 100 dollars, Buffett said bitcoin was a rat poison. When a reporter asked him, bitcoin rose from $more than 100 to $more than 9000. What’s her view on this? Buffett replied, “it may be the square of rat poison.” At the fifty-fourth annual general meeting of Boxill Hathaway, held in May 4, 2019, Buffett said bluntly that bitcoin speculation reminded him of gambling in Las Vegas.

So when the news came out, the first reaction was how to eat this meal. And how Sun Yuchen “sold” bitcoin to Buffett has also become the focus of attention.

Bitcoin is not a risk aversion asset.

Compared to the unilateral rally in May, bitcoin prices began to fall after the high inflation trend in June, and the price has fallen below 8000 US dollars.

In the view of Du Wan, bitcoin has been rising four weeks at the weekly level, and there is a demand for callbacks in terms of technology. “The cost of entering the capital is about $7400-8000. If the volume falls below US $7000, the new short-term or speculative capital will probably be cut off. If this kind of clearing occurs, the price of bitcoin will be reduced to $6000.” Ren Wenhao told reporters.

It is worth noting that although bitcoin rose in May, the once popular Shanzhai coin did not keep up with the rise of bitcoin. Most currencies had little fluctuation in price. In this regard, duwan believes that the cottage money is originally lacking in value and consensus, and that the market is transformed from bear to cattle. Ren Wenhao believes that the cottage coin is a highly manipulated market, whether the price will rise depends on whether the dealer has the desire to pull the plate.

The rise of prices is likely to cause market speculation. Along with this round of rising prices, one voice is that bitcoin has become a hedge asset. The main logic of this view is that bitcoin will become another asset allocation option when other assets are not performing well. “Bitcoin is still a risky asset.” Chen Yan believes that the current price of bitcoin is still the main factor of speculation, and can not be equivalent to gold, but because this year bitcoin gains beat other targets.

Zhao Jian, Dean of the Cesar Research Institute, believes that in fact, the pricing power of bitcoin is still US dollar, so there is still no absolute escape from this system. Zhao Jian said bitcoin issuing discipline and gradual strengthening of the rules of consensus, making it more and more similar to hedge assets gold. But unlike gold, bitcoin has no practical value. The digital assets of bitcoin form a rule consensus through algorithmic technology, thus forming a predictable growth curve. With the strengthening of consensus, assets are formed – traders in the current period need not worry about not having the next “receiver”.

Related search

  • Bitcoin price
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Bitcoin rose the highest monthly rate of more than 70%

The news of the 2019 Buffett benevolent luncheon was recorded at the record price of the new generation of “90 million dollar circle”.

After more than a year of silence, bitcoin prices rose strongly in May, and the highest increase was more than 70% in the month. Compared with the low of 3500 US dollars at the beginning of the year, the increase is even 150%, which is one of the best investment targets this year.

At the beginning of June, bitcoin prices fell sharply. As of press release, the gate.io platform offered a price of $7750. In the eyes of the outside world, there seems to be no logic in the rise and fall of the currency price, but in the eyes of the industry, everything is traceable. Admission of mainstream institutions, stronger consensus and USDT are signs of market transformation from bear to cattle. With the rise in the price of money, the price volatility is also increasing.

Bitcoin’s best assets in adulthood

Compared with $3500-4000 at the beginning of the year, bitcoin’s highest growth rate has exceeded 150%, making it one of the best investment targets this year.

In May 1st, the lowest price of bitcoin was $5320. In May 4th, it broke through the $6 thousand mark, and then broke through the 7000 and 8000 US dollar pass. In the early morning of May 31st, it broke through again by a sharp break of 9000 US dollars, and dropped rapidly after 15 minutes.

Demand side force and price rise complement each other. When prices begin to bottom up, there is a distinct upward trend in approach capital. At present, the price of USDT is US $7.16, which is 3.5% higher than the US dollar and RMB exchange rate. Investor Chen Yan believes that at present, there is a lack of substantial investment targets on the global scale, long-term volatility of commodities and relatively high stock prices. At the same time, bitcoin prices are relatively low, and $3000 will be considered an excellent entry point.

The contract emperor COO duwan told a broker China reporter that from the historical trend, bitcoin rebounding from $1150 to US $150 in 2014, it has springback six times in the vicinity of US $300-400, and has fallen to 150 US dollars seventh times. In 2018, six US dollars from 20000 US dollars were tested for 6000 US dollar pressure, and then seventh fell to more than 3000 US dollars. In 2015, bitcoin tried to break through $300 from $150 for two consecutive times, but failed to rise to $520 third times. The difference is that the first time it broke through 6000 dollars.

6000 dollars was once considered an important resistance to currency prices. After the first breakthrough in May 4th, the market generally thought it would be callback, but only three days later, it was firmly in the position and continued to go up. “This is a process of bargaining chips.” Du Wan said that there was a large number of empty seats in the position of 6000 dollars, 6500-7000 dollars exploded the high leverage, and the lower leverage broke out in 8000 US dollars, so it was normal for the main force to pull up to nearly 9000 dollars.

“Many people are surprised that this increase is so rapid. In fact, the logic is very clear.” Ren Wenhao, a senior digital currency trader, told Chinese reporters of securities business that first, when the bitcoin price was around us $3000, there was a large amount of funds to absorb chips. We must profit by pulling up the shipment. Two, the main force was to attract attention and money through a rapid increase.

Chen Yan believes that the logic of the rise of the current round of subtle changes, mostly hype before, but recently from the transaction time and disk observation, the current round of rising driven by overseas markets, “the recent several pulls occurred in the early morning, and all started from the Bitstamp platform. China’s trading partners are basically in the currency or OK. This exchange has fewer users in China. It is very likely that the main force of this wave is driven by foreign countries. Chen Yan said.

Xiao Lei, a senior digital currency analyst, told broker China reporters that the rise in bitcoin prices was not a geek’s utopian vision, nor a dream of the riches of grass-roots retail investors. Instead, many international rich clubs began offering bitcoin services to the super rich.

Xiao Lei said that since the beginning of last year, Goldman Sachs has been involved in the bitcoin market in a high profile. First, it asked users to compare the price of special currency, and then began to use its own capital trading bitcoin futures on behalf of customers. In September last year, Morgan Stanley planned to introduce a price returnswap bitcoin derivative to its customers. In March of this year, FDAS, a digital asset trading and trusteeship group under the fortune trillions of the world, began to support the hosting of bitcoin assets. In the future, the allocation of digital assets by mainstream institutions is a noteworthy highlight.

Buffett again detonated coins in lunch

In the early morning of June 4th, Sun Yuchen released a message through micro-blog, saying, “I officially announced that I won a record 20 Buffett charity lunch auction. I will also invite the leaders of the block chain industry to meet the investment leader. I hope this will benefit everyone.

You know, Sun Yuchen won the Buffett charity lunch for $4 million 567 thousand and 888 and set up a Buffett charity lunch auction record. This move, in addition to let Sun Yuchen fame, the money circle once again returned to the public view.

However, from the perspective of reaction, block chain and encryption community seem to be not very popular. The Chinese reporters of securities companies have noticed that on the same day, whether WeChat group, circle of friends or micro-blog commentaries, many people think that this is another marketing behavior of Sun Yuchen. A circle of media people in the circle of friends said, “Sun boss spent about 30000000 RMB to eat a meal with Buffett, do a round of communication, pull a plate, cut a wave of leek, and came back. Indeed, he admires sun boss’s courage, and every time he decides the input output is very strong.

More interesting is that Buffett and his old partner Munger are not the supporters of virtual currencies such as bitcoin. On the contrary, Buffett has publicly criticized bitcoin in many occasions, and has clearly stated that bitcoin is not investing two in gambling, and it will not invest 10 Fen in it.

When bitcoin was more than 100 dollars, Buffett said bitcoin was a rat poison. When a reporter asked him, bitcoin rose from $more than 100 to $more than 9000. What’s her view on this? Buffett replied, “it may be the square of rat poison.” At the fifty-fourth annual general meeting of Boxill Hathaway, held in May 4, 2019, Buffett said bluntly that bitcoin speculation reminded him of gambling in Las Vegas.

So when the news came out, the first reaction was how to eat this meal. And how Sun Yuchen “sold” bitcoin to Buffett has also become the focus of attention.

Bitcoin is not a risk aversion asset.

Compared to the unilateral rally in May, bitcoin prices began to fall after the high inflation trend in June, and the price has fallen below 8000 US dollars.

In the view of Du Wan, bitcoin has been rising four weeks at the weekly level, and there is a demand for callbacks in terms of technology. “The cost of entering the capital is about $7400-8000. If the volume falls below US $7000, the new short-term or speculative capital will probably be cut off. If this kind of clearing occurs, the price of bitcoin will be reduced to $6000.” Ren Wenhao told reporters.

It is worth noting that although bitcoin rose in May, the once popular Shanzhai coin did not keep up with the rise of bitcoin. Most currencies had little fluctuation in price. In this regard, duwan believes that the cottage money is originally lacking in value and consensus, and that the market is transformed from bear to cattle. Ren Wenhao believes that the cottage coin is a highly manipulated market, whether the price will rise depends on whether the dealer has the desire to pull the plate.

The rise of prices is likely to cause market speculation. Along with this round of rising prices, one voice is that bitcoin has become a hedge asset. The main logic of this view is that bitcoin will become another asset allocation option when other assets are not performing well. “Bitcoin is still a risky asset.” Chen Yan believes that the current price of bitcoin is still the main factor of speculation, and can not be equivalent to gold, but because this year bitcoin gains beat other targets.

Zhao Jian, Dean of the Cesar Research Institute, believes that in fact, the pricing power of bitcoin is still US dollar, so there is still no absolute escape from this system. Zhao Jian said bitcoin issuing discipline and gradual strengthening of the rules of consensus, making it more and more similar to hedge assets gold. But unlike gold, bitcoin has no practical value. The digital assets of bitcoin form a rule consensus through algorithmic technology, thus forming a predictable growth curve. With the strengthening of consensus, assets are formed – traders in the current period need not worry about not having the next “receiver”.

( Original title: “the square of rodenticide” has risen to a risk aversion asset? Bitcoin rose more than 70% in the month, and Buffett added another fire to lunch?

The original text is transferred from: securities broker China

The squash of rodenticide has become a risk aversion asset? Bitcoin rose more than 70% in the month, and Buffett added another fire to lunch?

The news of the 2019 Buffett benevolent luncheon was recorded at the record price of the new generation of “90 million dollar circle”.

After more than a year of silence, bitcoin prices rose strongly in May, and the highest increase was more than 70% in the month. Compared with the low of 3500 US dollars at the beginning of the year, the increase is even 150%, which is one of the best investment targets this year.

At the beginning of June, bitcoin prices fell sharply. As of press release, the gate.io platform offered a price of $7750. In the eyes of the outside world, there seems to be no logic in the rise and fall of the currency price, but in the eyes of the industry, everything is traceable. Admission of mainstream institutions, stronger consensus and USDT are signs of market transformation from bear to cattle. With the rise in the price of money, the price volatility is also increasing.

Bitcoin’s best assets in adulthood

Compared with $3500-4000 at the beginning of the year, bitcoin’s highest growth rate has exceeded 150%, making it one of the best investment targets this year.

In May 1st, the lowest price of bitcoin was $5320. In May 4th, it broke through the $6 thousand mark, and then broke through the 7000 and 8000 US dollar pass. In the early morning of May 31st, it broke through again by a sharp break of 9000 US dollars, and dropped rapidly after 15 minutes.

Demand side force and price rise complement each other. When prices begin to bottom up, there is a distinct upward trend in approach capital. At present, the price of USDT is US $7.16, which is 3.5% higher than the US dollar and RMB exchange rate. Investor Chen Yan believes that at present, there is a lack of substantial investment targets on the global scale, long-term volatility of commodities and relatively high stock prices. At the same time, bitcoin prices are relatively low, and $3000 will be considered an excellent entry point.

The contract emperor COO duwan told a broker China reporter that from the historical trend, bitcoin rebounding from $1150 to US $150 in 2014, it has springback six times in the vicinity of US $300-400, and has fallen to 150 US dollars seventh times. In 2018, six US dollars from 20000 US dollars were tested for 6000 US dollar pressure, and then seventh fell to more than 3000 US dollars. In 2015, bitcoin tried to break through $300 from $150 for two consecutive times, but failed to rise to $520 third times. The difference is that the first time it broke through 6000 dollars.

6000 dollars was once considered an important resistance to currency prices. After the first breakthrough in May 4th, the market generally thought it would be callback, but only three days later, it was firmly in the position and continued to go up. “This is a process of bargaining chips.” Du Wan said that there was a large number of empty seats in the position of 6000 dollars, 6500-7000 dollars exploded the high leverage, and the lower leverage broke out in 8000 US dollars, so it was normal for the main force to pull up to nearly 9000 dollars.

“Many people are surprised that this increase is so rapid. In fact, the logic is very clear.” Ren Wenhao, a senior digital currency trader, told Chinese reporters of securities business that first, when the bitcoin price was around us $3000, there was a large amount of funds to absorb chips. We must profit by pulling up the shipment. Two, the main force was to attract attention and money through a rapid increase.

Chen Yan believes that the logic of the rise of the current round of subtle changes, mostly hype before, but recently from the transaction time and disk observation, the current round of rising driven by overseas markets, “the recent several pulls occurred in the early morning, and all started from the Bitstamp platform. China’s trading partners are basically in the currency or OK. This exchange has fewer users in China. It is very likely that the main force of this wave is driven by foreign countries. Chen Yan said.

Xiao Lei, a senior digital currency analyst, told broker China reporters that the rise in bitcoin prices was not a geek’s utopian vision, nor a dream of the riches of grass-roots retail investors. Instead, many international rich clubs began offering bitcoin services to the super rich.

Xiao Lei said that since the beginning of last year, Goldman Sachs has been involved in the bitcoin market in a high profile. First, it asked users to compare the price of special currency, and then began to use its own capital trading bitcoin futures on behalf of customers. In September last year, Morgan Stanley planned to introduce a price returnswap bitcoin derivative to its customers. In March of this year, FDAS, a digital asset trading and trusteeship group under the fortune trillions of the world, began to support the hosting of bitcoin assets. In the future, the allocation of digital assets by mainstream institutions is a noteworthy highlight.

Buffett again detonated coins in lunch

In the early morning of June 4th, Sun Yuchen released a message through micro-blog, saying, “I officially announced that I won a record 20 Buffett charity lunch auction. I will also invite the leaders of the block chain industry to meet the investment leader. I hope this will benefit everyone.

You know, Sun Yuchen won the Buffett charity lunch for $4 million 567 thousand and 888 and set up a Buffett charity lunch auction record. This move, in addition to let Sun Yuchen fame, the money circle once again returned to the public view.

However, from the perspective of reaction, block chain and encryption community seem to be not very popular. The Chinese reporters of securities companies have noticed that on the same day, whether WeChat group, circle of friends or micro-blog commentaries, many people think that this is another marketing behavior of Sun Yuchen. A circle of media people in the circle of friends said, “Sun boss spent about 30000000 RMB to eat a meal with Buffett, do a round of communication, pull a plate, cut a wave of leek, and came back. Indeed, he admires sun boss’s courage, and every time he decides the input output is very strong.

More interesting is that Buffett and his old partner Munger are not the supporters of virtual currencies such as bitcoin. On the contrary, Buffett has publicly criticized bitcoin in many occasions, and has clearly stated that bitcoin is not investing two in gambling, and it will not invest 10 Fen in it.

When bitcoin was more than 100 dollars, Buffett said bitcoin was a rat poison. When a reporter asked him, bitcoin rose from $more than 100 to $more than 9000. What’s her view on this? Buffett replied, “it may be the square of rat poison.” At the fifty-fourth annual general meeting of Boxill Hathaway, held in May 4, 2019, Buffett said bluntly that bitcoin speculation reminded him of gambling in Las Vegas.

So when the news came out, the first reaction was how to eat this meal. And how Sun Yuchen “sold” bitcoin to Buffett has also become the focus of attention.

Bitcoin is not a risk aversion asset.

Compared to the unilateral rally in May, bitcoin prices began to fall after the high inflation trend in June, and the price has fallen below 8000 US dollars.

In the view of Du Wan, bitcoin has been rising four weeks at the weekly level, and there is a demand for callbacks in terms of technology. “The cost of entering the capital is about $7400-8000. If the volume falls below US $7000, the new short-term or speculative capital will probably be cut off. If this kind of clearing occurs, the price of bitcoin will be reduced to $6000.” Ren Wenhao told reporters.

It is worth noting that although bitcoin rose in May, the once popular Shanzhai coin did not keep up with the rise of bitcoin. Most currencies had little fluctuation in price. In this regard, duwan believes that the cottage money is originally lacking in value and consensus, and that the market is transformed from bear to cattle. Ren Wenhao believes that the cottage coin is a highly manipulated market, whether the price will rise depends on whether the dealer has the desire to pull the plate.

The rise of prices is likely to cause market speculation. Along with this round of rising prices, one voice is that bitcoin has become a hedge asset. The main logic of this view is that bitcoin will become another asset allocation option when other assets are not performing well. “Bitcoin is still a risky asset.” Chen Yan believes that the current price of bitcoin is still the main factor of speculation, and can not be equivalent to gold, but because this year bitcoin gains beat other targets.

Zhao Jian, Dean of the Cesar Research Institute, believes that in fact, the pricing power of bitcoin is still US dollar, so there is still no absolute escape from this system. Zhao Jian said bitcoin issuing discipline and gradual strengthening of the rules of consensus, making it more and more similar to hedge assets gold. But unlike gold, bitcoin has no practical value. The digital assets of bitcoin form a rule consensus through algorithmic technology, thus forming a predictable growth curve. With the strengthening of consensus, assets are formed – traders in the current period need not worry about not having the next “receiver”.

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What kind of people are those who hold bitcoin, ether, grapefruit, Wright, and ruby?

From the current consensus in the digital money market, bitcoin, Ethernet, grapefruit, Wright, ruby plus bit cash and ether classics can be counted as the mainstream currency. As for who wants to know which part of the currency is held, it is very simple and general summary for investors. And in this atmosphere, they are divided into banker, organization, mining miners and large retail investors.

At present, the majority of investors in the vast majority of trading digital currencies really have less than 1% of the total number of bitcoins. Because the value consensus of bitcoin is far greater than that of other currencies in the long term cycle, but it is weaker than other mainstream currencies and Shanzhai currencies from the short-term money making effect. So the currencies held by individuals, including individuals, are basically not including bitcoins, one is too expensive, and the second is that money making effect is not obvious. Obviously, one of the people holding bitcoin is the dealer organization, including the trading platform and the miner.

As for other mainstream currencies and Shanzhai currencies, the mainstream coins that can be mined are sure to be held by miners, and most of the data in circulation chain on the market can be clearly known. Most of them are in the hands of dealers and retail investors, including the circulation of futures and leveraged market are basically the game between platform agencies and retail investors.

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Matrix launched in July, will Wu chill and Jenk group take the opportunity to cash out?

This article is from The Block, the original author: Isabel Woodford.

Odaily planet daily translator Moni

 Matrix launched in July, will Wu chill and Jenk group take the opportunity to cash out?

About the new company founded by Wu Jihan, the former chief executive of bit continent, we have the latest news.

According to four sources close to the mainland, Wu Jihan’s new encryption service, Matrix, is about a month away from the Internet. It is reported that Matrix will have conversations with potential customers worldwide (except for us customers), and their biggest customers will be the bit mainland which failed to list in Hongkong.

It is reported that Matrix should provide capital custody and loan services for the bit mainland, while bit mainland has excavated a lot of encrypted assets as a miner, and also provided a mobile pool for the OTC trading platform (OTC). According to a source close to Asian investors,

“Simply speaking, Matrix will become the world’s largest OTC platform and Asset Management Co. If liquidity is in place, then it will be followed by low prices.”

According to the source, Matrix has a competitive advantage in Asia because the local market is more sensitive to price.

The news may be surprising, because there was news that Wu Cho was able to establish Matrix because he had a contradiction with another chic group, another founder of the mainland. But now it seems that there have been reports that the loss of employees and resources in Beijing based bitland may not be very accurate, and it is likely that bit mainland is intentional and part of their strategic plan.

Another major source said that bit mainland (including its investment director Cynthia Wu) will work closely with Matrix, and “the relationship between them is very good.”

The source also revealed that the mainland began to establish a trading and trust department internally, and then transformed it into an independent legal entity in February through a commercial opportunity.

At present, bit mainland does not respond to and comment on the matter.

According to two sources, it is not clear at this stage what the role of Wu Chi Han will play in Matrix company, but his current position is said to be “President”. But one domestic media said Wu Chi Han will eventually become CEO of Matrix. In fact, Wu Chi Han is still a director of bit mainland and owns 20.5% of the company. According to previous reports, bit mainland lost 500 million US dollars in the third quarter of 2018.

Wu Chai Han and Peter Jake, co-founder of bit mainland, are the richest people in the encryption industry. They are also billionaires. But a source suggests that Matrix is likely to be part of the exit strategy of Wu Chai and Jenk, because they are under political pressure to cash in their stake in the mainland.

As for the relationship between Matrix and the government, the relationship between the two sides is still to be observed because the domestic currency has been strictly prohibited. Matrix may operate through an offshore holding company, but whether they can operate in China, they will become an important player in the Asian market.

Finally, a source concluded:

“Matrix will make Asia a new focus for off the shelf transactions in encrypted currencies.”

Hackers too crazy, the U.S. government refused to pay bitcoin ransom, stolen data was leaked.

According to foreign media reports, because the Baltimore city government refused to pay a ransom of 13 bitcoins for hackers, hackers recently disclosed sensitive data on stolen accounts in twitter accounts. In addition, the hacker’s Twitter account also announced that it had sent the stolen financial documents and personal information to the media. According to a spokesman for the mayor’s office, there was no personal data in the attack.

Hackers are accustomed to mysterious organizations, through technical means to achieve certain goals, so why do they choose bitcoins? And not cash or money or remittance?

This is about the nature of bitcoin. We must know that the addresses on bitcoins are very numerous, and these addresses are all numbers of strings, no real name authentication, no information recording, so if we pay ransom by digital currency such as bitcoin, then we will not be caught in the future. So hackers can be relieved to do some bad things.

With the development of technology, the popularity of digital money, more and more means have become more sophisticated, all said that one foot is tall, and the two sides are always catching up with each other. Even so, with the development of technology, hackers are becoming more destructive. It was stolen thousands of bitcoins from the previous currency security. We must know that currency is a digital currency exchange. Its security performance is definitely stronger than that of other places. It has made dozens of security defense in time, but it has been loopholes by hackers and taken away the bitcoins in the exchange. If such a loss is changed into currency, then it will be able to lock accounts through the bank in minutes, and freeze accounts to recover the money. But bitcoin was transferred away, and after the chain was unable to intercept, it could only be watched by its quilt. So if the digital currency is lost, there will be little chance of finding it. But like EOS, there are many nodes that can still find assets by freezing abnormal accounts.

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Digital currency bitcoin fell below $7500 at 2 in the morning and dropped directly to $7489. Subsequently, the market rebounded. Due to the influence of the market, the other digital currencies also fell sharply, followed by the rise of bitcoin. As of 21 PM,

Bitcoin’s offer was $7777, down 2.1%, and outflow 12 million 470 thousand.

ETH quoted $243, or 2.17%, and 189 million of capital inflow.

XRP quoted a decrease of 3.13% and a 21 million 850 thousand outflow of $21 million 850 thousand.

LTC quoted $102.41, or 1.68%, and 4179 out of funds.

BCH quoted $394, or 0.07%, and 542 million 860 thousand of capital inflow.

EOS quoted $6.3941, a decrease of 5.03%, and outflow of funds 33 million 410 thousand

ETC quoted $8.0217, a decrease of -10.56% and a 103 million 800 thousand outflow of funds.

At that time, the mainstream of the Shanzhai currency, the most blood back to the number of BCH and ETH. All the other currencies are flowing out. Although we can see that digital money has begun to pick up, trading volume has not come up, and there is no volume. It shows that there is no money, and now the increase is all false.

From the above data, we can see that the capital outflow of ETC is super large. Why is that so?

To be honest, ETC was too hyped before. Now the callback is very intense. Actually, it’s not so big as it used to be. You see how much the market has fallen. ETC just dropped. So the relative comparison. ETC has not yet fallen, and will continue to fall tomorrow, temporarily looking at $6. After watching ETC, we looked at EOS, which is the most pit item at present. BM has been making a lot of trouble. As a result, the price of EOS has not gone up, and it dropped on the day of the press conference. Compared with the pain of the egg, it has been dropping every day and endless, and the more money is running, the more people have lost their confidence. Seeing that there is no benefit in the short time, we can throw away the chips in our hands and accept other things. With discontent surrounding EOS, the price of EOS will be lowered again, and tomorrow’s price will be around $5.7.

The digital money market is going all the way, even falling, and inertia continues. Although it is hovering around 7700 now, with the outflow of funds and the decline in trading volume, the digital currency will once again explore the bottom. After that, if we fall to the top of 7500, then we can enter. Many of the crocodiles have already had enough chips to prepare for the promotion. Let’s catch a ride and have some soup.

From the digital money market, we look at the stock market. The US stock market is high. At present, the Dow Jones index rose 25543 points, or 110 points, and the NASDAQ 7559 points, or 33 points, the standard 500 points 2813 points, or 10.69 points.

ETF plate is rising, it seems that the Fed chairman’s hint is good, not raising interest rates but lowering interest rates, has played a great role in stimulating the market. But the news also plays a very relaxing role. If the news is hot, once the stock market is over, the stock market may become high and low.

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A shares: I want to add block chain, supervision: you can stop the meeting.

Block chain to A shares “pull plate”, still useful?

On the evening of May 26th (Sunday), the group (603716) announced its cooperation with the ant block chain to carry out the application of block chain + medical care. The next day, the stock opened until trading until receipt of the letter from the Shanghai Stock Exchange.

“Block chain concept stocks” began to enter the public view at the top of bull market in 2018. At the most, 30 “chain stocks” ushered in the tide of trading. Only in April this year was it a new man.

The regulatory taboo is that the new “chain stock” that has suddenly entered the company has not explained to investors the basic issues of where to link up, how to link up and how to sell.

Before that, there were more than 30 A share listed companies, which were monitored for their “chain”. It is more or less unclear about block chain business.

Some companies say chain blocks are good, but they are easy to learn; some companies have announced relevant investment agreements, but have changed even more. Of course, there are also companies that invest heavily but have not yet seen money.

The concept of block chain has helped to limit these stocks. However, over the past year, the concept of block chain has been few and far between: 50% the chain business of “chain share” is still in the research stage, and the vast majority of “chain shares” block chain business has not yet achieved positive revenue.

How to turn concepts into revenue is a question that these companies must answer sooner or later.

6 “chain related” stock receipt enquiry letter

8 days after the board meeting, she announced a decision that directly led to regulatory attention.

In the evening of May 26th, the sale of main external diagnostic instruments and reagents announced that the company has worked with the ant block chain, the ant block chain, and the two sides will carry out deep cooperation in the area of chain medical technology, trusted deposit certificate and so on. Specifically, the ant block chain will provide chain services such as identity authentication, trusted timestamp, payment, trusted grabbing and so on.

It was founded in Wuhan in 2004 and listed on the Shanghai stock exchange in 2016. It mainly sells in vitro diagnostic instruments and its extended services.

Ant gold clothing is one of the first enterprises to develop and apply block chain technology in China. It has BaaS Blockchain as a Service, which includes finance, traceability, public interest, law, medical treatment and renting.

But how do we cooperate? The Shanghai stock exchange is also curious.

On the evening of May 27th, a letter of inquiry was issued by the Shanghai Stock Exchange, which said that “the cooperation agreement announced on the previous day, with no specific amount of contract, did not fully reveal the risks involved in the matter.” This may lead to misleading investors.

At the same time, the Shanghai stock exchange requires the company to make supplementary disclosures in accordance with the regulations, including the synergy effect and specific application of the proposed cooperation matters and the existing business of the company, and the major uncertainties in the actual performance of the proposed cooperation.

So far, this year, the Shanghai and Shenzhen two cities have 6 “chain” listed companies have been issued regulatory letters, including Heng Shun Zhong Sheng, Shen Da Tong, Anne shares, Monternet group, precise information and the above CIS.

By Odaily Star daily, chain enterprises have some common points: first notice, then do things, sink losses and frequent vents, and revenue has nothing to do with block chains.

Chain enterprise characteristics 1: the announcement is equivocal, the market questioned the concept of speculation.

From the letter of concern of the Shanghai Stock Exchange, we can see that the general problem of these “chain” enterprises is that they are vague when announces the relevant business of the block chain, and can not prove the credibility of their chain business.

For example, some “chain” enterprises lack specific introduction of how to apply when announces related businesses.

Other “chain” enterprises suddenly emphasized their advantages in the field of block chain in announcements, while desalting their main businesses and block chains were far apart, such as the chase.

The inquiry letter sent to Shen Tong by the Shanghai Stock Exchange on 22 May pointed out that according to your company’s 2018 annual report, your company’s main business is mobile digital integrated marketing service. However, when you introduced the company’s basic information in this announcement, you did not mention the foregoing main business, but stressed that your company has “rich technology accumulation and experience in the research and application of block chain technology”. Please explain the specific indications of rich technology accumulation and experience, provide data support, and supplement whether the disclosure has confirmed the corresponding business revenue due to the block chain technology, and make corrections or supplementary disclosures to the relevant periodic reports.

These operations inevitably make the market doubt that the business of these announcements is not for landing.

After all, many A share companies have come to a daily limit after announcements of these vague announcements. In January of last year, block chain leaders were able to see shares even close to 4 trading.

A senior brokerage analyst believes that the main business of easy to see shares is supply chain finance, so the main profits of easy to see shares are unlikely to come from block chain businesses.

The timing of the announcement of the dispatch is more thought-provoking.

According to relevant information, there will be a huge lifting of the restricted shares in June 11th. The lifting of the ban shares from the company’s private placement in 2018, the number of shares accounted for 8.76% of the total share capital, the cost price of 23.31 yuan / share, higher than the price of the current two tier market, 16.8 yuan / share.

Some market participants speculated that the company might have released signals to the market in order to cooperate with shareholders’ shipments.

In response, he told the daily economic news reporter: “it has nothing to do with the lifting of the ban on relevant shareholders. I have never heard that the controlling shareholders have promised the relevant shareholders a guarantee in the process of fixed increase.”

But a A share analyst who asked not to be named told the Odaily daily that how to use the block chain to invest in industrial hemp has become a hot topic.

In the face of the challenge of “hot spots”, the staff of the group said that “understanding this view is indeed more sensitive.”

Chain enterprise characteristics 2: try multiple outlets under pressure of profit

The public information of the company showed that it had invested tens of millions of dollars in investment related companies at the end of 3 and the beginning of April in A shares. When the news came out, the price of shares rose sharply.

After announcing cooperation with the ant block chain, in May 27th, the price of shares rose 9.13%, and continued to pull up after opening. May 28th continued to rise, the highest reported 20.14 yuan / share, compared with the 24 (Friday) closing price rose nearly 18%. Since then, according to the Oriental wealth network data, the stock of shis stock has been flowing out.

 A shares: I want to add block chain, supervision: you can stop the meeting.

Before this month, the annual report issued by 2018 and Q1 quarterly in 2019 were not so good.

Statistics show that last year, the revenue of the company increased by 43.12% over the same period last year, but the net profit of its mother only increased by 0.33%, and its net profit growth was not as good as expected. In addition, other receivables at the end of the year were 31 million 337 thousand and 800 yuan, an increase of 79% over the same period last year. The balance at the end of the company’s bills payable and accounts payable was 99 million 309 thousand and 100 yuan, up 77% from the same period last year; the balance of short-term loans ended at 671 million yuan, up 134% over the same period last year. As for the reasons for the large amount of arrears, the annual report has not been disclosed in detail.

High bad debts, liabilities growth too fast… In the crisis of traditional business, the tentative transformation of industrial hemp or block chain may have become a way out for the company.

In the face of the loss and the transformation of the concept of draught, there are more than sellers.

The “morning Xin Technology”, which was reported by Odaily daily, sold sea cucumber first. It began to play games in 2016 and began to heat up the block chain last year. Anne shares are from the Internet lottery, Internet of things, and then to VR to block chain, the concept of “no escape”.

Chain enterprise characteristics 3: block chain related revenue is 0?

Traditional business is facing difficulties, and enterprises hope to solve the crisis with new opportunities. However, is the concept only reflected in the announcement really turned into income?

For profit, the staff said, “in the future, we may consider designing related product solutions, and the synergy with the company’s business is still very strong. At present, there is no impact on the performance in the early stage, mainly in the strategic layout. “

Looking at the strategic layout of the listed companies, there are few related income, let alone profits.

According to statistics from several agencies, more than 80% of A share listed companies began to block chain business after 2018. But a year passed, and in the past earnings season, no single strand disclosed the business revenue. In a few documents that returned to the SFC inquiry, there was even a 0 revenue figure.

In early April this year, the “chain share” precise information (Stock Code: 300099) continued trading for seven consecutive days, and the stock price continued to reach a new high for one year.

No doubt, the precision information release risk notice announced that the company’s block chain business in 2018 only achieved 1 million 957 thousand yuan revenue, accounting for only 0.41% of the company’s revenue, and had little impact on annual performance.

In response to the inquiry by the Shenzhen Stock Exchange in April, Shen Tong said that the company had invested 4 million 113 thousand yuan in the application of block chain technology, but has not yet generated corresponding revenues.

New lake Zhong Bao (Stock Code: 600208) shares interest in chain technology in 2017, net profit loss of 15 million 217 thousand and 400 yuan.

This phenomenon is not only in A shares, but also in the new three strand board. Such as the block chain as the main industry, the technology is more mature. According to its earnings report, revenue has been almost stagnant since it entered the block chain for 3 years, but the loss has been widening. Net profit in 2016 was 1 million 920 thousand yuan, and net loss was 32 million 880 thousand yuan in 2018. It can be seen that the chain technology of bittern research does not necessarily get equal or even excess returns at this stage.

In the current “chain stock”, many enterprises are trying to rely on the block chain to overtake the road under the condition of the original business downturn.

The “chain rating” is based on the financial data of 120 “chain stocks” from the first quarter of 2016 to the first quarter of 2019 (three quarter). It is concluded that 23 companies have negative net profit in 2018, such as business win universal, Santai holdings, *ST Europe, gold certificate shares, and long software. Among them, *ST Ou Pu lost the largest amount, 4 billion 179 million yuan. *ST Tour (long game) lost two consecutive years and lost 422 million and 905 million in 2017 and 2018 respectively.

From this point of view, these chain stocks can hardly escape the mire of losses even if they are linked by block chain trains.

Business prospects are unclear, landing is hard to break.

Compared with actual revenue, the greater attraction of block chain to listed companies lies in the concern and support of investors. If a company has invested a lot in the block chain, it can be seen that even if it is like a cloud for two years, a considerable number of investors are optimistic about its potential value.

But the problem is also that in the hundreds of “chain stocks”, there are a large number of companies that are only in the research stage. In fact, there are fewer businesses using block chains.

Take Shenzhen for example, it had announced the acquisition of “block chain link” and “well selling world” in February 2018, when the block chain concept was hot. But since then, there has been no progress in mergers and acquisitions. Until August 2018, the company decided to terminate the purchase because the “block chain area involved in the transaction is a whole new field for them, and they are investigating and preparing for a longer period”.

There is no clear demand and planning to rush into the deep links of the block chain. After announcements, it is found that they are entering a completely new field, which makes people wonder whether many of these stocks really want to be clear.

Odaily Star Daily has combed (flush, Oriental Fortune two platforms to coincide and later) 97 companies’ bulletin, interactive platform reply and related news, found that 1/4’s company and block chain’s biggest link is “research and exploration block chain technology”, 23% of companies through investment incubation or subsidiaries participate in block chain business, and 4 companies (Hainan Airlines investment, SKYWORTH digital, long game and hang Yin Finance) and block chain are not directly related, and 2 companies have withdrawn or cleared block chain business (respectively, for the storm group and Central South Construction).

 A shares: I want to add block chain, supervision: you can stop the meeting.

The picture is from a picture that understands the concept of “block chain concept stock” in A shares.

Another intuitive feeling is that in the bull market of digital money, it is also the peak of voice in A share chain enterprises: “explore layout”, participate in alliance, set up associations, attend activities and express opinions. But there was no product development or case landing in the next 1-2 years.

Among the 32 “chain stocks” in the statistics of this year’s May, there are only 9 companies that mention landing applications. Among the remaining 23, 15 have mentioned that they have set up block chain laboratories, carry out relevant research on block chains, and speed up the research process of block chain. The remaining 8 are only involved in the “block chain” word in the notice, and have not introduced the relevant business contents in depth.

 A shares: I want to add block chain, supervision: you can stop the meeting.

After removing these enterprises, there are few companies that can form chain related products or applications and sales.

We have to admit that the block chain has not yet formed a mature landing scenario and commercial mode, and its future development is also uncertain.

The above anonymous A share analyst told the Odaily daily newspaper, “I didn’t see a good landing scene on my own observation. Now they are generally used in supply chain finance, certificate of deposit and copyright registration, but the original problems of these scenarios may not be related to technology. In some industries, the problem is the inequality of institutions, so the alliance chain based on this is of little significance. BAT will go further, such as Baidu, micro public bank and Jingdong are all open source, at least they set out the attitude to do the bottom ecology. There are also some listed companies to mine, and I think it will be more realistic. “

Previously, financial analyst Xiao Lei also said that the block chain could not be “fried”. “Block chain as a basic technology, in fact, can not produce business out of thin air. This concept is different from other concepts. The block chain must be carried on the original business foundation. If the original business is not competitive, the block chain can not reverse the business situation, so the risk of hype block chain concept may be much larger than other concepts.”

More than MakerDAO of EOSREX is not enough to declare DeFi’s future DeFi series.

Wen Jie CiCi

Editor Hao Fangzhou

Produced by Odaily Star daily Research Institute (ID:o-daily)

Reporter aloe also contributed to this article.

Editor’s note: on DAppTotal’s DeFi lock list, EOS REX squeezed MakerDAO to second in more than 20 days. We will naturally be curious about the reason for its rapid rise, which involves not only the operation mechanism of EOS and ETH two public chains, but also the actual demand of two modes of leasing and lending.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

Before we know EOSREX, let’s talk about the resource allocation mechanism of EOS.

The resources of EOS system are mainly divided into three kinds: network bandwidth resource (NET), CPU computing resource (CPU), and running memory resource (RAM). NET and CPU belong to occupying resources and can be released after use. RAM is a consumptive resource and will be reduced after use. The acquisition of these three resources requires users to mortgage EOS token.

Therefore, EOS users and DApp developers first need to purchase EOS token and mortgage it to the EOS system account before obtaining the right to use NET, CPU and RAM. The more EOS a user holds or collateralized, the more resources can be invoked in the EOS system.

The original intention of the EOS resource system is to optimize the allocation of resources and to fulfill the promise of “reducing developer costs and allowing users to trade free” in the white paper.

But by the end of 2018, the continued popularity of Dapp and CPU had resulted in frequent shortage of resources. Under the shortage of resources, there is a lot of hoarding speculation in the market, resulting in CPU prices continue to rise, ordinary users can not transfer operations, even the account itself is inactive, need to “reboot”, EOS network once paralyzed. At that time, according to DAppTotal, “guess TOP10 games consume 84.15% of the whole network CPU resources”.

Against this background, in order to solve the problem of resource shortage, the concept of REX put forward by BM in August 2018, after a series of simplification and learning from the actual situation of EOS CPU leasing, was officially launched in May this year.

What is REX?

In simple terms, REX (Resource Exchange) is the EOS holder who can rent EOS to the need to purchase resources (CPU/NET) on the resource trading platform and collect interest income. The resource renter uses less EOS to rent a lot of resources (CPU/NET) Duan Shijian (30 days in a row), which is used to reduce the development cost of EOS Dapp developers.

In essence, REX is the revenue model of capital plus interest. EOS holders can earn interest here, while Dapp developers can acquire CPU resources at less cost without buying EOS.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

To make it easier for us to understand, let us illustrate with examples:

EOS holder: Bob has 1000 EOS and has no intention of selling recently. In order to get interest income at low risk, these 1000 EOS are converted into REX token. Correspondingly, the right to use these 1000 EOS resources can be rented to others on EOS REX.

EOS resource leaseholders (such as EOS Dapp developer): Alice has only 100 EOS at present, but he needs a large number of resources (CPU/NET) to develop Dapp, which takes about 1000 EOS resources.

Now there are two options for Alice: one is to buy 900 EOS, to match 1000 EOS and the corresponding resources; or it is too expensive to go to EOS REX to rent 900 EOS resources of Bob for 30 days, provided that the lease interest is not high.

30 days later, Bob gained more than 900 EOS (principal + interest), while for Alice, if renewals could continue to use resources.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

In addition, the impact of REX on EOS ecology and EOS holders is manifold:

First of all, it is to improve governance on the EOS chain.

We know that EOS adopts the DPOS consensus mechanism. The 21 exit nodes are elected by EOS holders through ballot. As of June 4th, less than 300 million of EOS had been exercising their voting rights, accounting for 28.76% of the total EOS (1 billion 43 million); more than 50 thousand of the EOS accounts involved in voting, accounting for only 3.33% of the total number of EOS accounts (1 million 150 thousand).

That is to say, EOS voting is dominated by large households, obviously lacking in universality and incentive to ordinary money holders.

To this end, REX has set a rigid rule: if EOS holders want to get profits through REX, they must first vote for the nodes.

In this way, people are forced to vote for profit seeking (lock in revenue), which can dilute the impact of EOS on the node election and enhance the security of EOS main network.

Secondly, it is to reduce the circulation of EOS.

The more people who take part in REX, the more EOS will be locked in the warehouse. Correspondingly, the less EOS will be in circulation, further promoting the EOS price. Of course, the premise that EOS’s stock holders consider locking up is to get considerable benefits through REX. Once the profits are attractive, external funds may also be attracted by REX and enter the EOS ecosystem.

From the data point of view, REX has been on the line for one month, and its development momentum is swift and violent. According to DAppTotal data, as of June 4, 2019, 21 DeFi projects totaled 1 billion 200 million US dollars, including 630 million REX lock positions, accounting for 53.32%, becoming the first DeFi item in the lock position, and 430 million MakerDao lock warehouse, accounting for 34.62%. Compound locked the warehouse 28 million US dollars, accounting for 2.38%; Dharma, Bancor, Augur, xDai and other DeFi applications accounted for 9.68%.

The emergence of REX has shaken MakerDAO, which has been occupying DeFi’s leading position for nearly 2 years. (more real-time data about REX can also be found on EOS Authority website)

We summed up the three reasons why REX became the “dark horse” of DeFi:

1. provide solutions for the industry. Compared with the purchase of EOS, the lessor consumes a small part of EOS to get the temporary use rights of CPU and EOS, so as to save money and resources.

2. technological innovation. REX uses Bancor algorithm to build a series of actions such as storage transaction lease end transaction. Users do not have to calculate the total amount of the lease themselves. The platform automatically calculates according to the exchange ratio of real-time EOS/REX, and the logic is simple.

3. risk management innovation. REX sets certain conditions for the leasing parties to ensure the validity of the transaction, including REX holders must participate in super node voting; after purchasing REX, it will take 4 days to unlock the REX; REX token is only used as the unit of account for determining the rate of return, and is not affected by the fluctuation of the currency price.

Although REX has been on the line for only a month, it has propped up EOS’s financial ecosystem on the side of the supply side, but the demand side is not optimistic.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

According to the “setting”, there are two kinds of REX users, one is DApp developer, the other is DApp fanatical player. But from the data point of view, the demand of these two types of users for renting CPU/NET is not strong.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

The EOS community has improved CPU leasing through a variety of mechanisms. There are many projects to offer CPU rental in the market, and some EOS purses and trading platforms (such as Chintai) are also involved. The supply is ample, and DApp developers can have more choices.

DApp has not been hot for a long time, and the price of CPU has also dropped to a reasonable level. For the development team with money in hand, it is possible to exchange CPU resources directly in the system without complicated operation process.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series. From the chart above, we can see that the average utilization rate of EOS CPU in the past 23 days is about 209.32M, with an occasional peak of 3.09B.

Therefore, from the point of view of supply and demand, EOS resources are oversupplied at present, and the supply and demand relationship will be more tilted on the line of REX.

The Odaily Star Research Institute interviewed several EOS nodes and DApp project developers, saying that they would not choose to rent resources on REX.

Sun Yushi, co-founder of EOS Beijing, said that the demand of EOS nodes themselves is not so great, and the main demand is DApp. Now the price of resources has been relatively cheap, take CPU for example, the peak period is always full of pulse type skyrocketing, they do EOSDOTA mortgage has exceeded one hundred thousand EOS. Now it is much more stable, and the overall price is also cheaper.

NEO, the technology leader of EOS Joy, says that occasionally there will be huge demand for resources in the DApp development process. When there are not too many EOS on hand, some resources will be considered temporarily. There are many rental channels, not limited to REX, mainly based on prices. And because resources are recovering all the time, only when your consumption rate is greater than recovery speed, can CPU resources be insufficient. In addition, because the snake is 3 minutes per game, compared to DICE games, the CPU resource cost per unit time is very small.

At present, there are not many DApp players in the market. The number of DApp on EOS is increasing, but the largest number of daily activities are mostly guessing games (and the gap between real active users and surface data).

Gao Feng, the head of Meet.one, told the Odaily Star Research Institute that the development of DApp on EOS is basically enough. Moreover, the development of DApp mainly takes up RAM, and CPU is borne by users (i.e. players). Meet.one will not rent CPU at present, and can mortgage enough EOS to the resource leaseholder.

 More than MakerDAO of EOSREX is not enough to declare DeFi's future DeFi series.

According to Spiderstore data website, as of June 4th, the number of active users of DApp on EOS was 112 thousand and 310, up to 24. As shown above, only 4969 accounts rent CPU, indicating that there is still much room for improvement on the side of the demand side.

Standing taller, does REX mean that EOS is the most suitable chain for DeFi?

The answer is not necessarily.

At present, the DeFi market is also the two schools of ETH and EOS.

Although the unique resource utilization mechanism and the innovation of Bancer protocol give EOS the inherent advantages. But as far as maturity is concerned, it also carries the most valuable assets and has higher liquidity.

At the same time, the security performance of EOS has been criticized. According to PeckShield, a block chain security company, as of December 26, 2018, there were 45 DApp security incidents in the EOS ecosystem, which resulted in a total loss of nearly 740 thousand EOS. Odaily planetary daily Research Institute has analyzed security incidents mainly by random number, intelligence contract loopholes and controllable random number seeds. These hidden dangers obviously limit the development of REX. After all, REX’s pool of funds stores a lot of EOS, which will become a target of hackers.

However, EOS has already had project partners doing similar MakerDao lending products (such as USDEEOS), indicating that there is still a lot of blank in the centralization of the financial market, waiting for further development.

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