Topic: A good way to open the door to the Chinese virtual currency market (Read 447 times)

It's not a matter of not going to influence, but at the moment it's not easy to make your own coins and make the market grow, because investors are now very clever in analyzing coins and markets.

Making coins yourself and current market development will not affect

because China is stressing its people to use their products, and also in the crypto section they make their own currencies, even though China is one of the biggest holders of the bitcoin market.

This time China stay focus develop blockchain technology and find the best regulation for bitcoin. I hear many news about bitcoin progress in China and if I'm not wrong the biggest bitcoin mining is in China. If developer can have deal with China it will create more opportunity success because already has market, fund and promotion in big scale. The problem is at first time China will never take their profit but will keep trying to take developer place using their own resources, so please be careful with that.

because China is stressing its people to use their products, and also in the crypto section they make their own currencies, even though China is one of the biggest holders of the bitcoin market.

No matter which way you are using to promote new cryptos in China it will be against their national policies so you might have to target the Chinese people living all around the world which is still pretty good amount who might interested on the cryptos.

There are many project teams who want to enter the Chinese market.
But because of the language and lack of understanding of Chinese habits, this is a difficult job.
In fact, it is very simple. First of all, you must understand that it is very difficult to actually access facebook.twitter.youtube.telegram and bitcointalk in China. Most Chinese users cannot directly access or use it. Therefore, the bounty program designed by many teams does not actually have many Chinese users who can see or be interested in participating.
Secondly, due to national policies, any form of ICO and IEO promotion is banned in China, and many Chinese market personnel are unwilling to accept the promotion of such activities.
Finally, there is the ERC20 token project. There are too many similar projects now, but no valuable APP or related applications have been generated. Everyone is very disgusted.

Therefore, I suggest that if the project team wants to better develop the Chinese market, it should find effective ways that are suitable for Chinese users to understand the value of the project itself and adopt an effective bounty model (localization) such as using Chinese sites for activities https://bountypr.com Organizing some activities suitable for Chinese users may be more suitable for project promotion.
For the ERC20 project, I think that more publicity in practical applications may be more suitable. Can carry out some knowledge quiz, mini-game activities, application of secondary development and other content promotion.
It is also important to note that not all Internet sites in China can be accessed directly. It is recommended that the project team check whether the test site can be accessed directly in China, which is more conducive to the promotion of the project.

If you have any questions, please leave a message and ask,or telegram:@wingsups maybe I can help.

Ultimately the entry of regulated projects into the Chinese market will still depend heavily on the regulatory status within the country.

However, the thing is that a lot of global exchanges, especially semi-anonymous ones have easily circumvented IP bans on Chinese registrations, which means that it's not like Chinese traders cannot access the markets altogether, especially if they were whales to begin with.

I really don't see the regulated crypto scene blooming any time soon though. A policy outlook change seems unlikely rn.

So the news about exchanges being curtailed in China is all false? Is it also not true that financial institutions there are prohibited to handle cryptocurrency transactions?

Yeah I also read news about ICO or IEO being prohibited in that country. Blockchain is not necessarily against whatever the banks and the governments are into. It is probably the reason why China is not really against blockchain.

But which part are you in china?

That's right, it's the promotion of the project itself, not the pursuit of local investment. It only needs more people to understand the value of the project. It is not necessary to carry out ICO activities and other content in China. Because there are many, many investors in China who are not trading locally.

So the news about exchanges being curtailed in China is all false? Is it also not true that financial institutions there are prohibited to handle cryptocurrency transactions?

Yeah I also read news about ICO or IEO being prohibited in that country. Blockchain is not necessarily against whatever the banks and the governments are into. It is probably the reason why China is not really against blockchain.

But which part are you in china?