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What does Shanzhai Coin mean (the format of Shanzhai Coin)

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What does Shanzhai Coin mean (the format of Shanzhai Coin)

What does shanzhai coin mean? According to official information, what does shanzhai coin mean? Simply put, it is a new digital currency that has emerged in the market. For example, the price performance of Cryptocurrency, such as Bitcoin and Ethereum, cannot match the value of any other asset class; Some counterfeit coins are completely different from ordinary fiat coins or various new projects on trading platforms, such as EOS and XMR Usually, people refer to these tokens as “shanzhai”. However, if we carefully analyze the situation of the so-called mainstream Cryptocurrency, we will find that the word “shanzhai” is also a very common meaning of discourse, because it has different meanings. There are two characteristics of “shanzhai”: (1) lack of practicality (no hype); (2) Lack of feasibility and application prospects; (3) Vulnerable to network manipulation; (4) Vulnerable to attack. (Similar to tennis)

The routine of counterfeit currency

According to CCN news, Cryptocurrency investors are increasingly participating in the routine of the counterfeit currency market. In the bear market that began at the end of 2017, many projects were listed and traded on foreign exchanges. But these platforms are often criticized for non-compliance, and even companies that specialize in promoting and marketing to domestic users are unlikely to operate successfully. Therefore, most counterfeit coin teams deceive investors for various reasons. And now, many institutions are trying to launch their own counterfeit coins and constantly increasing their promotional activities.

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