Topic: A good way to open the door to the Chinese virtual currency market - page 2. (Read 447 times)

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?

In fact, the Chinese community is developing very well, just find a Chinese team. Many Chinese users cannot access BITCOINTALK, and many projects cannot be understood in time. They only need a site that China can directly access, and then establish a local QQ group or WECHAT group. As for airdrop activities, you can entrust the Chinese team to create a basic Chinese course based on airdrop requirements (of course, the submission site should not be GOOLGE, FACEBOOK, TWITTER, etc., because China cannot directly access it), you can choose to submit the report on the project website or the Chinese community. Okay.

I'm in China. This is not the case. Most of my friends are involved in blockchain projects and also trade tokens. The government restricts only the public recruitment activities of ICO and IEO, and does not strictly prohibit transactions, participation, and development of blockchain.

The main problem with China is the existing laws and regulations. It is not the people. The people can spread their wings and get interested to know and learn about cryptocurrency and how to get into it and how to start investing but the problem is that they are hindered by the government itself. The government is trying to screen everything that comes into the country. And in the process they are also blocking the new technologies and opportunities for its people. Whatever adjustments done by projects if the government does not have the taste to let them reach its people everything is useless.

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.

I don't understand why you think it is worthless. Although Chinese policy does not support the activities of ICOs and IEOs, it does not hinder the promotion and promotion of any valuable blockchain projects in China.
A project can be developed not only by IEO and ICO, but by the competitiveness and technology of the project itself, as well as the trading volume, popularity and number of project tokens held in the trading market. Do you think that the number of Chinese participating traders is small? I don't think you think so.

Yes, China is not allowed to open an exchange for the time being, but it does not hinder Chinese transactions. This is why the large exchanges are all Chinese and support Chinese well.

Sorry, I do n’t quite understand what you mean. Blockchain in China is not banned, and there are many people involved. China only bans content such as ICO, IEO and opening of exchanges (excluding Chinese people opening exchanges and transaction)

In China, it is forbidden to open an exchange, prohibit ICO, IEO and other content in the local area, rather than prohibit Chinese people from trading in external markets. Just as trading platforms such as binance and huobi open trading platforms overseas, they have their own blockchain industry in China.
Most of the trading crowd and the Chinese people involved in the transaction account for a large proportion.
In addition, mining is not explicitly prohibited in China.

Yes, it is a good idea to find a local community or site. Only some methods that are responsible for China itself can allow more users to participate.

Yes it is true. In other way that the Chinese government is very anti-bitcoin and altcoin. But so far, in my opinion there are still many investors from China who have quietly ignored the country's regulations. This must be triggered by 'profit'. Which in the sense that a person's attitude can change in order to achieve something he wants. On the other hand, it is indeed very good if a crypto project can penetrate the Chinese market, because as we know that they are the most populous country. Certainly will be successful if the above can be achieved. But, I think actually without even entering China there are still many projects that can be successful in terms of fundraising. This must be supported by a good idea, an expert team, a timely roadmap, an innovative product, and a large exchanger that supports.

I am not sure what it would be worth to have Chinese faucets disguised as games when you actually want to target your ads to rich Chinese people, not the ones that are living on faucets.

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.

I think it is not necessary to look for ways to outsmart the Chinese legislation, because in the end, if the Chinese authorities intervene, it can end up losing money to investors, losing your reputation. I agree that it is necessary to look for Chinese partners who are legally competent in these matters and would help to attract the Chinese public to your project.

I believe a service about the exchange provider has avoided china for their operation office.

If they want targeting the Chinese customer, they will provide a language Chinese from their service. Most of the exchange open their service with regulation "Hongkong" or "Singpore", they don't want to take the risk with the regulation went open a exchange at cina.

This is an interesting suggestion but how can you expect Chinese people to simply adopt while their Country creating their own means of accomplishment and own objective related to cryptocurency.

They alloted huge budget for blockchain purposes and I dont see they will start now to adopt with the community ways of crypto but they will implement a new and much more advanced usage of it IMO.

Are you wanna putting the chinese investors into the risk? Even a big service like binance are getting banned there. What makes you feel if that service is safe to be used by the developers? We have seen so many times china's regulator shutdown so many services. Remember if that is on the sensitive country's territory.
I thought that if you can tell us what was the reason is much better than provide what you offers in your service.

China has strict regulations against crypto and it is clear that those related to crypto will be banned. You are also right that access to the internet is also not easy, especially platforms or sites that originate from U.S, that's because they have created it themselves, such as Weibo, Alibaba, UC browser and others. I think the easy way to enter the Chinese market is to find a local community there, because they already know the country and also understand what needs to be done to reach or enter the Chinese virtual currency market.

China is a big market, I added your telegram. Hope can help

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.