The fluctuations in the crypto world are terrifying, those with weak hearts should not play!!

Take the classic example of Luna. You have 10,000 Luna, and last night its value was 1 million USD. You wake up and suddenly it has turned into 700,000 USD. You think to yourself, after so many years in crypto, it's only a 30% pullback, UST has only depegged by 10%, I believe in DoKwon, so you confidently go back to sleep.

The next day you wake up, and Luna has dropped to 10,000 USD. At this point, you feel that it has already fallen by 99%, it shouldn't drop any further, right? If you don't buy the dip now, when will you? So you sell everything you have, desperately gathering 200,000 USD, hoping to take advantage of the dip and buy 200,000 Luna. As a result, you can't sleep at all, constantly monitoring it, hoping it will rebound, but you watch helplessly as the price drops from 1 USD to 0.1 USD, then to 0.000001 USD, and finally gets delisted. In just three days, your 1.2 million USD has turned into an amount not even enough for a breakfast.

If you want to play, play with ICX coin, it won't budge for years.

ICX coin, also known as ICON, is referred to as "Ethereum" in South Korea. This project is so good, too many people have joined, and the main force can't pull it up.

1. The project background is excellent: The ICX project was initiated by South Koreans, benchmarking Ethereum, aiming to achieve interconnection and transactions between different blockchains through a "Blockchain Transmission Protocol", making it one of the better cross-chain public chains.

2. The technical characteristics are outstanding: It uses BFT-DPoS consensus protocol and DPoC economic supervision protocol, capable of processing hundreds of transactions per second, with processing speeds far exceeding Ethereum, ensuring the integrity and transparency of data and asset transfers.

3. Applications and implementation are remarkable: It has established blockchain alliances in various fields such as banking, securities, and insurance in South Korea, providing cross-domain blockchain ID, payment, and transaction distributed application services.

4. Market performance: The price and market value of ICX coin fluctuate very little according to market conditions, making it a stable investment suitable for conservatives, while speculators face a high risk. As a national-level blockchain project in South Korea, ICX is supported by the government and has a wide range of application scenarios and decentralized characteristics.

ICX coin holds an important position in South Korea's blockchain field, being hailed as South Korea's Ethereum, but its price fluctuations are not as large as Ethereum.

The main reasons why Koreans like trading cryptocurrencies include the solidification of social classes, economic pressure, and the high returns and speculative opportunities offered by virtual currencies.

Firstly, the solidification of social classes in Korean society makes it difficult for young people to change their social status through traditional means. The competition in education is fierce, and it is hard to break through social classes, creating an environment that leaves young people feeling frustrated and powerless; virtual currencies become a new way for them to change their fate. In the age of the internet, the speed of information dissemination is extremely fast, and young people quickly learn about the legendary stories of their peers becoming wealthy overnight through cryptocurrency trading, igniting their enthusiasm.

Secondly, the South Korean economy is highly dependent on exports, particularly in industries like electronics and automobiles. Changes in the global economic situation, such as the economic downturn of major trading partners or the strengthening of trade protectionism policies, can lead to a decrease in South Korea's exports and a deterioration of trade balance, which can trigger the depreciation of the Korean won. This economic environment makes Koreans pay more attention to investment opportunities, and the high returns and speculative opportunities of virtual currencies attract a large number of investors.

Additionally, the high participation of South Korean investors in the cryptocurrency market and their aggressive investment tendencies are also important reasons for the kimchi premium phenomenon. South Korean investors show a strong interest in high-risk investments, especially in the cryptocurrency market, where they prefer low market cap and highly volatile altcoins. This aggressive tendency leads to inefficiencies in the South Korean cryptocurrency market, further driving the kimchi premium phenomenon.

In general, the reasons Koreans like trading cryptocurrencies are multifaceted, including the solidification of social classes, changes in the economic environment, and the aggressive tendencies of investors, among others. These factors work together to make virtual currencies a popular choice in South Korea.

What is the market value shrinkage of Luna and ICX coins, both of which are Korean public chains?

The market crash of Luna coin

Luna coin experienced a severe crash in May 2022, leading to a significant decrease in its market value. Specifically, Luna coin reached a peak price of $119 in April 2022, with a market value of $41 billion (approximately 270 billion RMB). However, on May 11, the price of Luna coin plummeted from $31 to $0.6, almost bringing its market value to zero, resulting in heavy losses for many investors. Subsequently, the price of Luna coin further declined, and by May 17, 2022, the price had fallen to $0.00018.

The market value shrinkage of ICX coin

In terms of the overall cryptocurrency market situation, ICX coin was also affected by the market crash. In May 2022, the cryptocurrency market as a whole suffered a heavy blow, with many cryptocurrency prices plummeting and market values shrinking significantly. As part of the cryptocurrency market, the price and market value of ICX coin were also impacted. However, the final price or market value of ICX coin only declined by thirty percent, making it one of the coins with a smaller decline in the crypto market at that time.

The impact of Luna coin's crash
The crash of Luna coin had far-reaching effects on the cryptocurrency market.

Market impact: The crash of Luna coin triggered a decline in the entire cryptocurrency market, with the total cryptocurrency market value dropping by $600 billion in just six days, leading many large institutions to bankruptcy.
Legal consequences: The founder of Luna coin, Do Kwon, was sued by the U.S. Securities and Exchange Commission (SEC) for alleged fraud and ultimately reached a settlement with the SEC, paying a fine of $4.5 billion. Additionally, South Korean prosecutors issued a red notice for Do Kwon, allowing member countries of Interpol to execute an immediate arrest.
In summary, both Luna coin and ICX coin suffered significant losses in the crash of May 2022, with the crash of Luna coin having a profound impact on the cryptocurrency market, while ICX coin was affected by Luna coin but to a lesser extent.

How secure is QTUM coin?

1. Consensus Mechanism Guarantee: QTUM adopts the DPoS (Delegated Proof of Stake) consensus mechanism, which enhances the security and stability of the blockchain, helping to avoid malicious attacks and data tampering.

2. Robust Technical Architecture: QTUM reuses the underlying architecture of Bitcoin and the Ethereum Virtual Machine (EVM), combining the security of Bitcoin's UTXO model with the flexibility of the EVM, ensuring the robustness of the system.

3. Decentralized Features: QTUM is committed to building a decentralized financial ecosystem, reducing third-party interference, and increasing the security and credibility of the system.

4. Numerous Nodes: QTUM consistently has thousands of full nodes online, making it the third-largest decentralized public chain network in the world by the number of full nodes, further enhancing the security and stability of the network.

In summary, QTUM coin has a relatively reliable guarantee in terms of security, but investors still need to pay attention to market dynamics and technological developments to make informed investment decisions.

What is unique about QTUM coin (Quantum Chain)?

‌1. Technology integration‌: QTUM combines the UTXO model of Bitcoin and the smart contract function of Ethereum. It combines the advantages of the two through account abstraction layer technology, providing developers with richer development tools and platforms.

‌2. Consensus Mechanism‌: QTUM adopts the DPoS (Delegated Proof of Share) consensus mechanism, which improves the security and stability of the blockchain while reducing energy consumption.

‌3. Strong compatibility‌: QTUM supports multiple ERC token types and is compatible with the Ethereum Virtual Machine (EVM), allowing smart contracts on the Ethereum platform to be easily migrated to QTUM.

‌4. Scalability‌: QTUM has developed its own X86 virtual machine to provide more efficient execution performance, and plans to implement Layer 2 extensions, such as Lightning Network, to increase throughput and speed.

‌5. Wide application‌: QTUM is committed to building a decentralized application development platform that supports multiple industries. Several projects have been built on QTUM, involving the Internet of Things, prediction markets, medical and other fields.

These unique features give QTUM significant advantages and potential in the blockchain field‌

What are the privacy protection features of DASH?

‌1. Mixing technology: DASH uses mixing technology to obscure transaction paths by blending users' DASH with other users' DASH, making it difficult to trace transactions and link them to specific individuals, achieving anonymous transfers.

‌2. Decentralized operation: The DASH mixer operates within the DASH blockchain network without the need for third-party institutions, allowing users to interact directly with the mixer through digital wallets, control their assets, and avoid the risks of centralized platforms.

‌3. High-security technology: Utilizing advanced encryption technology, multi-signatures, and smart contracts to ensure transaction security, ensuring that only users holding the private key can access and control digital assets.

‌4. Delayed transactions and decentralized storage: By adding random delays to transaction requests, the timeline of transactions is disrupted; using decentralized storage methods to save transaction records enhances data security.

How to use the privacy protection features of DASH

1. Participate in Coin Mixing: Users can choose to participate in coin mixing services with DASH funds, utilizing CoinJoin technology to mix multiple users' transactions, achieving the concealment of fund movement.

2. Decentralized Payments: After mixing, funds will be sent one by one to the user's new addresses, and the payment process is random, making it difficult to trace.
Advanced Privacy Options:

3. Delayed Transactions: Users can choose to send transactions at different time intervals, obscuring the transaction time and enhancing privacy.

4. Customizable Mixing Ratio: Users can set mixing ratios according to their privacy needs, allowing for flexible configuration.

5. Encryption Technology: Advanced encryption algorithms are used to protect the privacy of transaction data.

6. Decentralized Operation: Operations are conducted directly on the DASH blockchain network without the need for third-party institutions, reducing risks.

Currently, the mainstream decentralized storage platforms on the market include Arweave, Filecoin, and Storj, providing a data storage method that does not rely on a single central control point, contrasting with traditional cloud storage services. Arweave focuses on long-term or permanent storage, adopting a one-time payment model; Filecoin and Storj establish a blockchain-based storage market, offering flexible storage solutions. Arweave incentivizes miners through an 'effective data mining' mechanism, while Filecoin ensures data storage through proof of replication and proof of space-time. Arweave's storage operations are simple, while Filecoin and Storj cater to specialized markets and traditional cloud storage users, respectively. The future development prospects of decentralized storage are broad, especially in the areas of data decentralization, anti-censorship, and applications in AI.

Decentralized storage is a method of data storage that does not rely on a single central control point. This method contrasts with traditional centralized storage (such as traditional cloud storage services like Amazon S3 or Google Cloud), which is typically managed by a single enterprise or organization.

Mainstream Decentralized Storage
Currently, the mainstream decentralized storage available on the market includes Arweave, Filecoin, and Storj. They each have unique characteristics and design philosophies:

Arweave focuses on long-term or permanent data storage.

Filecoin provides a decentralized market similar to traditional cloud storage, supporting flexible storage needs.

Storj emphasizes providing decentralized cloud storage services that ensure security and privacy protection.

All three platforms use blockchain technology, but their application scenarios, technical implementations, and payment models differ, making them suitable for different types of storage needs.

Three anonymous coins, a big comparison of anonymity

‌XMR, DASH and ZEC anonymity comparison‌

‌XMR (Monero): ‌Highest anonymity‌. It uses the CryptoNote encryption engine to hide transaction details, including the sender's identity and transaction amount, ensuring that third parties cannot obtain information. It is popular on the dark web due to its excellent security, but it has also attracted the attention of law enforcement agencies‌.

‌DASH (Dash): ‌Wide global scope‌. It uses smart anti-hacking protocols and random data generation mechanisms, and transaction traces are cleared after using the smart privacy function. It covers 187 countries and more than 3,000 companies accept payments‌.

‌ZEC (Zerocoin): ‌There are many restrictions on the use of anonymous functions‌. It uses the Zerocash encryption protocol to ensure complete security of transactions, but transaction details are hidden, payment scenarios are limited, and relatively poor confidentiality‌.

In summary, XMR performs best in anonymity and is the most anonymous privacy coin among the three.

ICX and Luna are both star blockchain projects from Korea, but the ICX project is more reliable.

Project Background and Strength: ICX is the flagship project of The Loop, a Korean blockchain giant, issued by the Swiss non-profit ICON Foundation, possessing strong background and strength. In contrast, Luna has less information regarding its project background. Aside from the announcement of the founder's information, there is no relevant information.

Technology and Application: ICX adopts a high-performance, scalable loopchain protocol, supporting smart contracts and cross-chain interaction, with a rich array of application scenarios. Although Luna also supports decentralized financial applications, it may not be as comprehensive in technology and application scenarios as ICX. The total supply of ICX coins is limited, making it a scarce asset.

Luna coins, as Terra's platform token, support the issuance of TerraSDRs stablecoins and the price stabilization mechanism, while also participating in network governance. Users can exchange Luna tokens for TerraSDRs stablecoins to ensure price stability. However, Luna has an unlimited total supply, which can lead to infinite inflation at any time, posing a risk of collapse in a short period: Luna coins performed strongly in the market before May 2022, with prices skyrocketing from a low of $0.12 to $119.5. However, the price subsequently plummeted by over 99%, almost reaching zero, causing a huge shock to the market.

Ecosystem and Partners: ICX has connected with several banks and securities companies in Korea, forming a large ecosystem. This extensive partnership provides a stable development foundation for ICX. In contrast, Luna has relatively less mention in terms of ecosystem construction. Luna coins are the tokens of the Terra platform and were previously used for stablecoin issuance, price stabilization mechanisms, and network governance, but the market confidence was severely impacted after the crash.

Market Performance and Potential: Despite the volatility in the cryptocurrency market, ICX, with its innovative technology and solid community support, demonstrates strong vitality. In contrast, Luna's market performance may be more volatile and uncertain.

Why did Vitalik support OMG?

The main reasons why Vitalik supports OMG are as follows:

First, the technical background and project positioning of OMG attracted Vitalik's attention. OMG, or OmiseGO, is a public financial technology based on Ethereum that can be used in mainstream digital wallets to achieve real-time peer-to-peer value exchange and payment services across jurisdictions and organizational islands. Its goal is to create a decentralized payment network that allows people to transfer and pay without banks, supports transactions of digital currencies and legal currencies, and transfers are almost instant. This decentralized payment solution is innovative and practical in the blockchain field, which is in line with Vitalik's pursuit and recognition of technology.

Secondly, the team strength of OMG and the support of the advisory team are also important reasons for Vitalik's support. Omise, the parent company of OMG, was founded in 2013 and received more than $17 million in Series B financing led by SBI in 2016. In the same year, it was named a "financial technology star" by Forbes magazine. In 2017, Omise and Alipay launched an e-wallet to help local Thai e-commerce merchants accept online payment transactions from Chinese tourists. In addition, the advisory team of OMG Coin includes Joseph Poon, the initiator of the Lightning Network, Gavin Wood, the founder of the Polkadot project, and Vitalik Buterin himself is also an advisor to the project‌12. Such a team background and advisory lineup undoubtedly increase Vitalik Buterin's confidence in OMG Coin.

Finally, Vitalik Buterin's recognition of OMG Coin is also reflected in his detailed analysis and positive evaluation of the project. Vitalik Buterin wrote a special article on Twitter, stating the three reasons for being optimistic about OMG Coin: it is not a medium of exchange, it has a clear valuation model, and it is necessary to run nodes to obtain income rather than passive income. These reasons show that Vitalik Buterin has a deep understanding and recognition of the technology and economic model of OMG Coin‌.

In summary, Vitalik Buterin supports OMG Coin because its technical background, team strength and in-depth understanding of the project are in line with Vitalik Buterin's investment philosophy and technical pursuits.

Qtum Quantum Chain integrates the advantages of Bitcoin and Ethereum, primarily reflected in the following aspects:

1. Account Abstraction Layer (UAL): Qtum adopts Bitcoin's Account Abstraction Layer (UAL), allowing users to easily manage and send tokens without the need for complex addresses.

2. Smart Contract Functionality: Qtum supports the Ethereum Virtual Machine (EVM), enabling developers to build smart contracts on its platform, thus expanding the application scenarios of blockchain technology.

3. Governance Model: Qtum's governance model allows token holders to participate in network governance by voting on proposals.

4. Compatibility: Qtum is based on the UTXO model, compatible with the network protocols of Bitcoin and Ethereum, making it easy for developers to migrate applications based on these two platforms to Qtum.

5. Decentralized Governance: Qtum adopts a decentralized governance model, ensuring fairness and transparency in the network.

The uniqueness of Qtum Quantum Chain lies in its combination of Bitcoin's stability and Ethereum's smart contract functionality, while promoting the productization and usability of blockchain technology through a mobile strategy. This makes Qtum not only technically advantageous but also widely applicable in practical applications.

The application scenarios of Qtum Quantum Chain include but are not limited to the following aspects:

1. Smart Contracts: Qtum supports smart contracts, allowing enterprises to set parameters themselves on its platform and determine the execution conditions of transactions, suitable for business applications that require high automation and legal constraints.

2. Blockchain Security Protection Technology: Qtum collaborates with Qihoo 360's subsidiary 360 Finance to develop next-generation smart contracts and blockchain security protection technology.

3. Copyright Protection: Qtum collaborates with Baofeng Group to create a platform that utilizes blockchain to enhance copyright protection, suitable for scenarios that require protection of intellectual property.

In summary, Qtum Quantum Chain, by integrating the advantages of Bitcoin and Ethereum, not only has significant technical advantages but also shows a wide range of application prospects in practical applications.

Which has more investment value, Icx Coin or Qtum Coin?

Icx Coin and Qtum Coin each have their own merits in terms of investment value, depending on the investor's risk preference and market judgment.

Icx Coin:

ICX Coin, known as "Ethereum" in South Korea, holds an important position in the South Korean blockchain field. Below is a detailed introduction to ICX Coin:

Project Background: Initiated by South Koreans, it aims to achieve interconnection and transactions between different blockchains and is a leader in cross-chain public chains.

Technical Features: It adopts the BFT-DPoS consensus protocol and DPoC economic regulation protocol, has the ability to process transactions quickly, and ensures the integrity and transparency of data and asset transfers.

Applications and Implementation: Blockchain alliances have been established in various fields in South Korea, providing distributed application services such as cross-domain blockchain ID, payment, and transactions, with widespread applications.

Market Performance: Prices and market values fluctuate based on market conditions, but as a national-level blockchain project in South Korea, it is supported by the government and has long-term investment value.

Vision and Ecosystem: The vision of ICX is to create a hyper-connected world using blockchain networks, and there is already a fairly mature ecosystem in South Korea, with a stable position.

In summary, ICX Coin holds an important position in the South Korean blockchain field and is an investment project worth paying attention to.

Qtum Coin:

Technical Advantages: Qtum combines the security of Bitcoin and the programmability of Ethereum, with technical advantages such as segregated witness compatibility and ease of integration with Ethereum.

Team Strength: Qtum is developed by an experienced team with high credibility and expertise.

Ecosystem Development: Qtum has a growing community of developers and users, indicating its ongoing growth and adoption.

Institutional Support: Qtum has received support from several institutional investors, demonstrating the project’s potential.

In summary, both Icx Coin and Qtum Coin have their advantages, and investors should make choices based on their own circumstances and market trends.

What is the market demand for Dash and RVN? Whose demand is higher?

It is difficult to generalize which one is higher between Dash and RVN, because they each have their own characteristics and advantages.

Dash: The total amount is limited, similar to gold, and the value may rise in the long run. It emphasizes anonymity and uses ring signature technology to protect the privacy of traders. The official Twitter is highly active, the popularity has increased recently, the number of large-scale coin addresses has increased, and the total number of transactions has reached 48 million. These factors all indicate that the market demand for Dash is strong.

RVN: A PoW cryptocurrency based on the X16R algorithm, suitable for graphics card mining, with a maximum total supply of 21 billion. RVN has a wide range of application value in asset tokenization, NFT and other fields. As these fields develop, the demand for RVN will continue to grow. In addition, the low threshold for RVN mining and the flexible participation methods have also attracted many investors.

In summary, Dash and RVN each have their own market demand, and investors should choose according to their own risk tolerance and investment goals.

FIL Coin, STORJ, and AR Coin: Three Major Decentralized Storage Coins

1. FIL Coin:

Definition: The economic incentive layer of the IPFS network, establishing a bridge of trust and transactions through smart contracts and cryptocurrency technology.

Value: Encourages users to contribute storage space, promotes the development of the decentralized storage market, and enhances data security and privacy.

Market Performance: Price fluctuations are influenced by various factors, and investors need to closely monitor market dynamics.

2. STORJ:

Features: A decentralized storage system based on ETH, with strong stability, primarily aimed at smart contract platforms for financial applications. Currently undervalued in the market, with significant potential for future growth.

3. AR Coin:

Market Position: Alongside FIL Coin as a leading storage coin, but market data performance differs.

Investment Value: Investment returns are relatively optimistic, but market performance is influenced by various factors.

In summary, FIL Coin, STORJ, and AR Coin each have their own characteristics, and investors should consider their own needs and risk tolerance when making a choice.

In the field of public chains in South Korea, LUNC and ICX are two projects worth paying attention to, but their characteristics and positioning are different.

LUNC Coin: A public chain generated from a fork after the Luna crash, with an excessively large and unlimited supply. It is currently maintained by the Terra development team and aims to promote the development of DeFi applications.

ICX (ICON): Known as "the Ethereum of Korea," it is a decentralized blockchain network focused on interoperability. It was initiated by Koreans and aims to achieve interconnection and transactions between different blockchains. ICX has already established a fairly mature ecosystem in South Korea, connecting multiple banks, securities companies, insurance companies, etc., making it a leader among cross-chain public chains.

In summary, LUNC and ICX each have their own characteristics in the field of public chains in South Korea. LUNC focuses more on the development of DeFi applications, while ICX focuses on interconnection and transactions between blockchains. Both have a certain influence and application prospects in South Korea and globally.

ICX, also known as ICON, is hailed as the 'Ethereum' in South Korea.

Project Background: Initiated by South Koreans, it targets Ethereum and aims to achieve interconnection and transactions between different blockchains, standing out as a prominent cross-chain public blockchain.

Technical Features: It adopts the BFT-DPoS consensus protocol and DPoC economic regulatory protocol, capable of processing hundreds of transactions per second, with processing speeds far exceeding Ethereum, ensuring the integrity and transparency of data and asset transfers.

Applications and Implementation: Blockchain alliances have been established in multiple sectors in South Korea, providing distributed application services such as cross-domain blockchain ID, payment, and transactions, which are currently applied across various fields in South Korea.

Value and Prospects: As a national-level blockchain project in South Korea, it receives governmental support and has a wide range of application scenarios and decentralized characteristics, making it considered worthy of long-term investment.

In summary, ICX holds an important position in the South Korean blockchain sector, with broad application prospects, making it one of the projects worth investors' attention.

Why do LUNA and ICX have different fates?

The fate of LUNA

Algorithmic stability mechanism failure: LUNA, as the platform token of Terra, is pegged to the stablecoin UST, but the loss of UST's peg caused LUNA to plummet.

Market value evaporation and trust crisis: The plummet resulted in significant losses for investors, shaking the trust in the Terra ecosystem, with market value evaporating by more than 90%.

Hard fork and rebirth: Through community discussions and voting, a hard fork was implemented, giving birth to LUNC, injecting a new opportunity for LUNA, but the market outlook remains controversial.

ICX remains relatively stable

Early launch and bull market opportunity: ICX launched earlier, catching the tail end of the bull market, and although it experienced fluctuations later, the overall trend is upward.

Project background and popularity: Backed by large entities, it has high market recognition and has benefited from the boom in the cross-chain sector, with significant price increases.

ICX has widespread applications in the Korean market, having connected with several banks, securities companies, and insurance companies in Korea, promoting the application of blockchain technology in these fields. In addition, the South Korean government's relatively open attitude towards cryptocurrency trading has created a favorable environment for the development of ICX.