When did AntCoin start? (How much has AntCoin increased)

08/16/2023 01:44 • Blockchain Buzz • 163 views

When did AntCoin start? When did AntCoin start?

AntCoin is a digital currency project developed jointly by Ant Pool and AntChain based on blockchain technology. AntCoin has been online since 2014 and is currently the most popular digital currency in the market. According to incomplete statistics, as of June 18, 2018, over 200 million tokens (totaling about 2 billion US dollars) have been issued globally. Based on today’s market price, AntCoin has increased by more than 50% this year. The main reasons for the surge since 2018 are Ponzi schemes, air coins, and various altcoins. As time goes on, AntCoin is gradually becoming a new financial instrument. However, there has not been much development trend for AntCoin since the beginning of 2017.

AntCoin is a project initiated by Alipay. Its positioning is a service provider with payment at its core, allowing users to transfer or trade directly using QR codes on their phones. This system has two functions: one is to provide services on the platform for consumers to purchase goods and services, and the other is to facilitate value transmission and transfer under the platform, solving the security and storage issues of wallets.

How much has AntCoin increased?

Editor’s note: This article is from Xiaozha Talk (ID: xiaonazha88), authorized to be reproduced by Odaily Star Daily.

It is already around 12:30 noon today, and I checked the price trend chart of AntCoin and want to share it with everyone:

This number is higher than Bitcoin! From $2 last year to $3 today, it has more than doubled and is still innovating. Has its price risen again now? What is going on?

In fact, we have mentioned “old cat” in a previous article because I felt familiar after seeing a news about blockchain. So when I asked them if they paid so much attention to it, everyone would know about it for the first time and then understand the story behind it. But I think these information are not absolutely accurate. Therefore, I want to remind you not to understand these things too thoroughly—if no one can determine what this thing is.

For some new users, this is a very dangerous piece of news, but if you want to participate and make money, you can try using AntCoin to pay the transaction fees in order to receive rewards, or exchange for a token called Ant Financial. ” Alipay officials also stated, “In order to facilitate everyone’s better understanding of our project and service model, we will upgrade and transform the application.” Currently, a node verifier has been running on AntChain to ensure normal operations. “We just need everyone to join in.” Such operations indeed confuse people.

Although AntCoin is not just a digital currency trading platform, but the largest infrastructure in the blockchain field. It is said that as a technology company focusing on the financial field, it operates including the China Internet Association and Tencent among many internationally renowned companies.

In fact, since January this year, Ant Financial has established cooperative relationships with more than 60 banks worldwide, providing services for various business scenarios including legal clearing and settlement. In addition, another type of institution is developing a new type of e-wallet product based on blockchain technology.

For example, Alipay co-founder Xu Mingxing previously revealed: “Alipay will launch a mobile encrypted asset wallet in the first half of 2020; it will be open to all merchants nationwide in the future, helping more consumers make payments through Alipay’s scanning code.” Ant Financial plans to launch a brand new DApp, namely DApp Store.

In fact, AntCoin is not the first company recognized as a legal currency. As early as 2014, someone claimed to be a subsidiary of Alibaba. At the end of 2020, Alipay announced to be the first payment network to support this function. In mid-2018, the Central Bank also issued a “Notice on Preventing Bitcoin Risks,” emphasizing the strict crackdown on virtual currency mining and related activities. In the following years, it has been under high regulatory pressure until recently, Alipay began to gradually announce its stable version, which means that Ant Financial has not given up on the issuance of any other cryptocurrency projects.

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When did AntCoin start? (How much has AntCoin increased)

How much has AntCoin increased?

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