Topic: How to distinguish mainstream coins, altcoins, platform coins, and meme coins? (Read 65 times)

Distinguish mainstream coins, altcoins, platform coins, and meme coins

1. Mainstream coins: According to the concept, as literally speaking, it is a digital currency recognized by the mainstream of the currency circle. Generally, they are strictly based on blockchain technology, and have practical applications in the market, and they have gained consensus. From a definition point of view, mainstream coins itself is a dynamic concept, rather than a fixed reference to certain digital currencies. For example: BTC, ETH, BCH, LTC

2. Altcoins: There are real project teams based on blockchain technology to develop in accordance with the white paper plan, there are active community organizations, and most of the tokens are issued in the form of Ethereum smart contracts. The tokens can be used on the digital currency trading platform On normal transactions. For example: DOT, EOS, BTM, etc.;

3. Platform coins: the platform digital asset officially issued by the digital asset trading platform. For example, the platform coins BNB issued by Binance and the platform coins HT issued by huobi.

Compared with mainstream coins, the use scenarios of platform coins are more abundant. At this time, platform coins can flow in a larger range and enhance the economic value of platform coins. More eye-catching application scenarios: discounts on transaction fees of various platform coins, point card discounts for HT coins, VIP and mining of GT coins, and airdrops of BNB coins. With the gradual improvement of the platform, the development of platform currency will be faster and more stable, and there will be no major changes with the market.

4.meme coins：I also called it Aircoin.There are white papers based on blockchain projects, which are issued in the form of Ethereum smart contracts or Pancake directly on the decentralized exchange bsc chain, but there is actually no real technical team following the white paper Development and maintenance are only for the purpose of issuing coins and making money.

(1) Under the cloak of blockchain technology, the technology is far from the real blockchain principle;
(2) The purpose is not to solve, optimize or change a certain business pain point in the traditional industry;

meme coins is a scam. Now the packaging of Aircoin is becoming more and more high-end and secretive. Sometimes it's hard to tell the truth from the false. So once again remind everyone to be careful of all kinds of meme coins. Stay away from it.

Based on the above characteristics, you can form your own investment portfolio. My position is 65% BTC, 20% ETH, 5% BNB, 5% HT, 5% DOT. Note: This is not an investment recommendation.