Summary: He Yi, the co-founder of Coin An, proudly affirmed the development achievements of Coin An over the past three years. She told Lian Dede that constantly defeating her past self is something that future Coin An will persist in doing

Summary: He Yi, the co-founder of Coin An, proudly affirmed the development achievements of Coin An over the past three years. She told Lian Dede that constantly defeating her past self is something that future Coin An will persist in doing.

Coin An has been established for 3 years. The first reaction many people in the industry heard was surprise, it turned out that Coin An has only been 3 years.

A period of three years is not short for the entire company's growth cycle, but it is not enough to make it strong enough to stand at the top of the industry pyramid. However, in the field of cryptocurrencies, Coinan, which has been established for only 3 years, is currently the world's largest cryptocurrency trading platform.

Compared to trading platforms, Coin On really looks too young.

In the past three years, whether it is encrypted assets or industrial blockchain, what Coin Security has always shown to the outside world is the effort to build a global value linkage circulation network. He Yi said that this is the value concept that Coin An has been adhering to since its establishment, and it will also be the ultimate goal of Coin An's development in the future. From digital currency trading, open mining pools, project investment to charity and public welfare, infrastructure construction, and blockchain industry research, the ecological landscape of Coin An is gradually becoming clear and full.

In an interview with Chain De De, He Yi, the co founder of Coin An, proudly affirmed the development achievements of Coin An over the past three years. In her opinion, Coinage has become a leading exchange since its launch three years ago. In addition to its own global strategic layout, more importantly, it has taken advantage of the trend in the digital asset and blockchain industries.

Three years ago, in July, Coin On was officially launched. In the early stages of its launch, in order to avoid policy risks, Coin Security restricted the access and trading of domestic IPs and only allowed "coin trading". In September of the same year, a massive regulatory storm swept through the entire domestic currency circle, and domestic exchanges were shut down one after another.

However, thanks to the internationalization strategy and the concept of "coin trading" formulated by Coin An at the beginning of its establishment, it cleverly transformed this crisis into another opportunity. The formulation of this strategy has directly brought a massive user base and transaction volume to Coin Security. In less than half a year, on December 7, 2017, the registered users of Coin Security exceeded 1 million. On December 28 of the same year, the 24-hour trading volume of Coin An exceeded $10 billion.

For an exchange that has just been established for half a year, it seems to have won its first battle.

Empowering BNB to connect upstream and downstream value resources

Recently, the official announcement of Coin An completed the destruction of BNBs in Q2 2020, totaling 3477388 BNBs. This destruction led to the withdrawal of BNBs worth $60500000 from the circulation market. The destruction in Q2 continued to rise slightly compared to the previous quarter, setting a new historical high for Coin An's quarterly destruction.

Looking back on October 18, 2017, the BNB that established a deflationary mechanism was destroyed for the first time, with 986000 BNBs destroyed that quarter. Following the bull market cycle of Bitcoin, the number of coin security destruction is increasing in the short term.

In 2018, we added at least 50 partners to support BNB circulation. Coincoin now has a comprehensive range of usage scenarios, including not only booking flights, hotels or bars, cafes, restaurants, but also online gaming and entertainment scenes. BNB users can even use BNB for loan collateral. "Zhao Changpeng was previously satisfied in a media interview.

At present, the total amount of BNB is 152 million. According to non small accounts, as of 13pm on July 21, BNB has temporarily reported $17.56, with a circulating market value of $2.682 billion, ranking 9th globally; OKB is tentatively quoted at $5.14, with a circulating market value of $1.437 billion, ranking 14th; HT is temporarily quoted at $4.22, with a circulating market value of $953 million, ranking 17th.

BNB, with its first mover advantage, has maintained its position as the leader in the platform's currency tokens, which is closely related to the creation of an ecological chain by Coin Security and the empowerment of BNB.

Currency security application scenario layout (updated on October 6, 2019)

A long time ago, Coin Security had already used BNB as an ecological token for Coin Security, connecting resources upstream and downstream of the industry through BNB. By playing the role of a native token in the Coin Security chain, BNB smoothly circulated into transactions, usage scenarios, and on chain applications. BNB has also gradually upgraded from a transactional token to a "linker" role, becoming a bridge for coin security ecology.

Currently, BNB has over 1 million holding users, over 180 application scenarios, and a market value of over 17 billion yuan. With the continuous expansion of the top exchange ecosystem, their platform currency tokens will also become a value component of the entire ecosystem, and may enter the value investment sequence of mainstream digital currency assets in the future.

Building a low-level technical framework and building an open ecosystem

Looking at the whole development path of Minan, it is actually a radial multi headed model, taking Minan Exchange as the core, and deriving a number of business routes, including the construction of underlying public chain technology, the construction of open platform, regional chain industry research, etc.

The underlying technical framework of Coin An is undertaken by Coin An Chain, which is a new generation public chain developed by Coin An and the community. Unlike public chains such as Ethereum, EOS, and Tron, Coin Security Chain is a specialized chain without smart contracts. Its main functions include asset listing, token trading, and circulation. Since its launch in April 2019, the blockchain height of Coin On Chain has exceeded 80 million, recording over 77 million transactions, and the total number of on-chain addresses has also exceeded 480000.

At present, the functions of Coin On Chain focus on the financial and asset attributes of blockchain, and strictly speaking, there is only one Dapp on Coin On Chain, which is an interactive relationship between the two. Coin On DEX is a decentralized trading function developed based on Coin On Chain blockchain, aiming to promote community development and accelerate the long-term vision of peer-to-peer (P2P) trading in the industry. At present, there are a total of 135 transaction pairs of 110 tokens on Coin On DEX, and the total cumulative transaction volume of Coin On DEX has exceeded $800 million.

Vite CEO Liu Chunming believes that in the long run, DEX will become mainstream in the future, but its development will not be achieved in one step. Exchanges need to evolve iteratively from centralized technology and governance models to decentralized directions.

Currently, Coin Security Chain focuses more on solving relatively high-frequency and small-scale scenarios, but is not good at some large transactions. This is also why Coin Security needs to provide a high-performance public chain in the future.

In an interview with Bloomberg in February this year, Zhao Changpeng, the founder of Coin An, said, "In theory, we can let anyone in the world establish their own trading platform." Zhao Changpeng refers to Coin An Cloud launched by Coin An.

The launch of Coin On Cloud has two positive implications. Firstly, for Coin On itself, by using cloud services to reach a wider range of user groups around the world, it can gain more traffic and increase revenue. Secondly, from the strategic perspective of currency security, this may be an important step in Zhao Changpeng's "open strategic layout". Zhao Changpeng also publicly stated in an interview with the media that Coin On Cloud will replace the Coin On blockchain asset trading platform as the largest source of revenue in the next five years.

2020 marks the third anniversary of Coin An, as well as the year when Coin An has accumulated rich experience. With the opening of mining pools, the acquisition of CoinMarketCap, a cryptocurrency market data website, and the entry of Coin An's China Blockchain Research Institute into Shanghai, Coin An, which has frequently taken action, presents itself to the outside world as a mature international enterprise.

But in the eyes of He Yi, Coin An is still very young. Even with its current level of funding and user level, it is still a startup, a baby, and there is still a long way to go in the future.

In April of this year, Coin An launched its own exchange mining pool, which means that several major domestic exchanges have now entered the mining industry. In fact, compared to several other exchanges, Coin An's entry into the bureau's mining pool is already relatively late. He Keren, the person in charge of Coin An Mining Pool, believes that the entire blockchain industry is at a turning point of transformation and reshuffle, and will develop towards scale, specialization, and systematization in the future. The mining pool field may become a financial port for the entire industry.

As an important part of the coin safety ecosystem, the coin safety mining pool connects all business channels between miners and coin safety ecosystem. After fully exploring the needs of miners, customized financial tools for miners will be launched one after another. In addition, customized services can also be provided to meet the special needs of different miners, making contributions to the mining ecosystem.

What has the blockchain of Coin Security Industry done to promote industry development?

For a long time, more people have defined Coin Security as an "overseas" encrypted digital asset trading platform, while neglecting its construction in the implementation of industrial blockchain applications.

This year, the blockchain industry has gained unprecedented market vitality. In April, the National Development and Reform Commission announced the inclusion of blockchain in the new infrastructure category, which is another positive news related to blockchain after it was taken seriously by the national high-level on October 24, 2019. The recognition and support of national policies have brought more opportunities for exploration and extension of the blockchain industry. For Coin An, China has a vast industrial blockchain application market, and with the support of domestic policies, the future industrial development is extremely promising.

In March of the beginning of the year, King'an China Blockchain Research Institute settled in (Shanghai) Lingang New Industrial Park, jointly promoting the research of China's blockchain core technology, industry application development, and industrial ecology building with Lingang New Industrial Park and Lingang innovation management Institute, and focusing on China's blockchain talent training and knowledge promotion.

"The Yangtze River Delta is bound to become one of the world's largest and fastest running laboratories for blockchain application innovation. Jin'an China Blockchain Research Institute, together with Lingang New Industrial Park (Shanghai) and Lingang innovation management Institute, has jointly set up a research institute, which is of strategic significance to the Jin'an China Blockchain Research Institute and layout of China's industrial blockchain." In an interview with the chain, Helen Hai, president of the Jin'an China Blockchain Research Institute, said.

Since then, in June, the China Blockchain Research Institute of King'an has joined the action platform launched by the United Nations Global Compact to "help the the Belt and Road with sustainable infrastructure and accelerate the realization of the United Nations sustainable development goals". Helen Hai believes that with the help of the action platform, King'an will play the responsibility that a socially responsible enterprise should shoulder, help the the Belt and Road region, which covers 60% of the global population, improve the overall medical level, and empower the power of sustainable development in all regions.

It is worth mentioning that this is not the first time that Coin An has participated in a charitable and public welfare activity. In 2018, Coin An established the non-profit organization Coin An Charity, which utilizes blockchain technology to encourage more capital to participate in charitable donations and help the charitable industry carry out innovative reforms. At present, Coin An Charity has landed 20 international development public welfare projects, with over 100000 ultimate beneficiaries. Based on blockchain technology, it has achieved online tracking of nearly 10 million US dollars in public welfare donations.

In addition, Coin Security Research Institute has recently launched the "New Digital Infrastructure, Hundred Cities and Thousands of Enterprises Spark Plan", which is committed to supporting more than 1000 blockchain industry partners in the next two years, enabling the core needs of new infrastructure Digital transformation enterprises. In addition to providing expert support and technical consultation, the Coin Security Research Institute will also provide funding and technical support.

As a team with both technological accumulation and global resources in the industry, the Coin An Blockchain Research Institute takes the lead in empowering the physical industry, enabling blockchain technology to be more widely implemented, and thus promoting the leap from quantity to quality in the entire blockchain industry.

Where will we go in the next three years?

In the past three years, the ecosystem of Coin Security has continuously grown, evolving from a single coin trading platform to an ecosystem covering numerous blockchain businesses - including Coin Security Trading Platform, Coin Security Chain, Coin Security DEX, Coin Security College, Coin Security Mining Pool, Coin Security Research Institute, Coin Security Charity, etc.

And where will Coin An go in the next three years?

He Yi gave the answer: Continuously defeating the past is something that Coin An will continue to do in the future. Coin An's mission is to expand technology, let more outstanding talents enter the blockchain industry, and continue to innovate and develop practical applications. In terms of the specific plan for the future of Coin An, He Yi revealed three points: firstly, continuously improving and iterating the coin trading business; secondly, partially compliant legal currency trading for cryptocurrencies; and thirdly, building a financial public chain and decentralized trading platform. (This article exclusively launches the Chain DeDe App)