In recent years, Chinese cryptocurrencies have grown in popularity, which has not only affected the global cryptocurrency market, but also the Chinese financial market. Although Chinese authorities have repeatedly expressed their concerns about crypto trading, the country has become one of the key players in this market. We hope our guide to the most interesting Chinese crypto will help you get acquainted with this oriental market!
Do Chinese cryptocurrencies still make sense?
Although many cryptocurrency companies and related trading platforms have abandoned their operations in China, the market in China still exists and has a high volume of daily transactions. People still follow the global market through various investment channels, leading to a larger community. Below is a list of a dozen of the most popular cryptocurrencies in China. Enjoy!
How to buy Chinese cryptocurrency?
If you want to buy Chinese cryptocurrency, you should consider the fact that there are many different such cryptos, and the way to buy them can vary depending on the specific currency. In a nutshell, we can say that in order to buy Chinese cryptocurrency, you need to register with a crypto exchange that supports a particular coin. Then, in order to make a purchase, you must verify your account. After verification, you need to deposit funds. After depositing them, you need to find a trading pair for the Chinese cryptocurrency you want to buy, such as BTC/CNY, ETH/CNY or LTC/CNY, and place an order accordingly. Which Chinese cryptocurrencies are interesting in 2023? That’s what we write about next!
Love Hate Inu ($LHINU)
Welcome to the world of Love Hate Inu! If you like memes and want to use tokens that have practical applications, you’re in the right place.
Love Hate Inu is a platform where you can express your opinions on hot social topics while taking part in earning rewards and influencing token development. The Love Hate Inu platform offers a unique opportunity to participate in discussions on important topics while creating memes and earning valuable tokens.
However, Love Hate Inu is not just another meme. Its purpose is to provide a place where people can come together and vote on the most important issues. Whether it’s politics, entertainment or social issues, Love Hate Inu has created a space where everyone can be heard and become part of a community that cares about what you think.
Metropoly – a cryptocurrency like a mortgage
Metropoly is a cryptocurrency project that allows investors to diversify their portfolio into real estate for a small amount. By purchasing NFTs, investors gain a fractional ownership stake in a property for less than $1. NFT holders receive passive income from monthly rent, and can also benefit from the increase in value of the property and sell their shares on the metropolitan market. The platform manages the properties in the portfolio to automatically generate cash flow for investors. The project is pre-selling its native METRO token, which will be used as a utility and reward token on the platform. Buying NFTs on METRO provides investors with discounts, and those who buy early can incur additional financial gain.
Binance Coin (BNB)
Binance Coin (BNB) is one of the most important cryptocurrencies in China’s history, as well as crypto projects. It is a token of the Binance platform, one of the largest cryptocurrency exchanges in the world.
When you buy BNB, you are also buying shares in Binance, which can benefit you with increased profits and good prospects.
Binance Coin, was launched on July 26, 2017 and has a maximum total supply of 200,000,000 BNB. Binance is a cryptocurrency exchange founded in July 2017. After rapid growth within six months, it has become one of the largest cryptocurrency exchanges in the world, with numerous transactions and high trading volume. There are many tokens being launched on the Binance Smart Chain network, leading some people to believe that Binance could become a competitor to Ethereum and its ERC-20 market in the future.
C Charge (CCHG) token for electric vehicles
C Charge recently launched a pre-sale of its own cryptocurrency called $CCHG. Electric vehicle (EV) owners will be able to use this currency to charge their vehicles, while it will also be one of the best cryptocurrency pre-sales projects. The coin will be used in a peer-to-peer system that aims to enable participation in the democratization of carbon credits and reward drivers for using selected charging stations. Investors who want to get the benefits of owning $CCHG should buy the crypto immediately during the ICO. In the first phase, the value of this cryptocurrency is $0.013, and investors who buy it now will enjoy an increase in its value as the cryptocurrency goes through subsequent phases of initial sales.
C Charge has created a cryptocurrency wallet app to store drivers’ $CCHG tokens and carbon credits earned as rewards. Drivers can track their balances through the app and search for the nearest operating charging stations through a geolocation feature. The app provides flexibility through different charge pricing and charging wait times.
Investors can learn more about the C Charge project in the whitepaper. Drivers are rewarded with $CCHG tokens and carbon credits each time they charge their vehicle. In addition, participation in the project provides an introduction to an environmentally friendly ecosystem that removes obsolete tokens and rewards drivers for charging their vehicles.
Guild Meta Masters – a coin that is quickly gaining popularity
Meta Masters Guild is a new P2E, or play and earn, crypto gaming platform that has just launched a pre-sale of its $MEMAG tokens. It managed to raise nearly $30,000 in a matter of minutes. The platform is divided into seven pre-sale stages, each of which offers tokens at a higher price. The first stage is being sold at $0.007 and the second stage at $0.01, a price increase of 42.8% for first-time investors. Funds raised will increase as the pre-sale progresses, reflecting expectations that the project will attract more investors. Gaming is a huge market, and cryptocurrencies are growing in popularity. One prediction is that Meta Masters Guild will be the fastest-growing cryptocurrency game this year, with the potential to grow as much as 10-fold.
RobotEra – the metaverse is the future
Despite the upheaval in the cryptocurrency market, the RobotEra project is attracting a lot of attention as a versatile and attractive game that allows players to build their own world, buying land and basic buildings just like Legos. Currently, the most popular game of this type is Sandbox. Players have the opportunity to enter the market first at a very low price and enjoy future value-added increases. This game incorporates elements of Metaverse and NFT and integrates Play-to-Earn (P2E) mode.
Securederse (SVC) – for FPS fans
Securederse is a first-person shooter game that uses blockchain technology. Players receive rewards for killing enemies in a futuristic environment. There are four heroes to choose from in the game, each with a different style. Players must hone their skills to survive on the map and be the last survivor. In addition to choosing a hero, players must also choose the right weapon. Securederse aims to revolutionize the Play-to-Earn (P2E) and GameFi industries by allowing serious players to earn passive income by increasing their skills. Points earned during the game allow you to move up the leaderboard and receive top rewards.
Bitcoin
Despite the Chinese government’s official ban on cryptocurrency trading, Chinese investors continue to show strong interest in this form of investment. Bitcoin is still the most sought-after blockchain asset in the Chinese market and Chinese investors are increasing the daily trading volume on this cryptocurrency. Bitcoin is a P2P digital currency that was proposed by Satoshi Nakamoto in November 2008 and was officially born in January 2009. It is a decentralized payment system that allows open and transparent transactions.
Bitcoin is a digital currency that does not depend on a monetary institution to issue, but is generated through algorithm-based calculations. Bitcoin’s economy works on the principle of a distributed database, consisting of multiple nodes in a P2P network that confirms and records all transactions.
The design of the cryptography ensures security in the circulation of the currency. Bitcoin’s decentralized nature and algorithm prevent artificial manipulation of the currency’s value through the production of large numbers of bitcoins. The total number of bitcoins is limited and not to exceed 21 million btc.
NEO
NEO is a Chinese cryptocurrency project that was founded in 2014 and allows developers to create decentralized applications and programs using smart contracts. The project is dubbed the “Ethereum killer” because it is capable of processing up to 10,000 transactions per second.
Unlike Ethereum, transaction fees on the NEO platform are very low, averaging $0.10 regardless of the transaction amount. However, it is worth noting that these fees are charged in the project’s secondary currency, GAS.
NEO is the project’s main token, which supports smart contract protocols. Since its launch in 2014, NEO initially recorded huge gains of more than 47,000%. However, after peaking in 2018, the token’s value has declined and has yet to regain its previous all-time record. Nevertheless, it is still an attractive project for those who are interested in Chinese crypto.
Summary
Chinese cryptocurrencies represent an important segment of the cryptocurrency market, and their popularity is growing every year. The most well-known Chinese cryptocurrency projects are NEO, or Binance Coin (BNB). These projects offer various features and benefits to their users, such as smart contracts, low transaction fees and potentially high investment returns. The growth of the gaming and metaverse sector is also influencing the emergence of more interesting projects. With the growing interest of cryptocurrency investors in China, this crypto is gaining popularity and could be a good investment opportunity. Nevertheless, it is important to keep in mind that this type of investment is inherently risky and depends on many market factors.
