Top 5 Cryptocurrency Projects from China

Top 5 Cryptocurrency Projects from China

Crypto Lists Cryptocurrency
August 26, 2018 by Hitesh Malviya
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China has had a complicated relationship with cryptocurrency. China has not been soft with crypto currency especially with respect to regulations. The government has tried to tighten its grip on the virtual currency trade plenty of times and yet China has given to the crypto space projects that are innovative, useful, and potential. VeChain (VET):
cryptocurrency china

China has had a complicated relationship with cryptocurrency. China has not been soft with crypto currency especially with respect to regulations. The government has tried to tighten its grip on the virtual currency trade plenty of times and yet China has given to the crypto space projects that are innovative, useful, and potential.

  1. VeChain (VET):

VeChain is a platform that has been created to marry the blockchain technology with IoT. The aim of the team is to build a distributed and trust-free network that can ensure a transparent flow of information, high-speed transfer of value, and efficient collaboration.

VeChain is working towards providing efficient solutions for real-time IOT devices problems by leveraging blockchain to fill the loopholes in the supply chains and logistics. The Internet of Things is a crucially essential part of the VeChain project. The network will build a coordination between IoT and blockchain by developing encrypted chips tag technology and identifying IoT data and sensor security.

Token Value Information

Total Supply: 86,712,634,466 VET
Circulating Supply: 55,454,734,800 VET
Market Cap: $762,905,603 USD
ICO Price: $0.255 USD
Current Price: $0.0137 USD

 

  1. NEO (NEO):

Named as China’s Ethereum, NEO is a crypto currency and a blockchain platform that has been designed to build a scalable network of decentralised applications. The network has been built on Ethereum’s design with modifications aimed at solving the privacy-related problems.

This is the network is done by the employment of smart contracts which are essential in order to carry out any kind of trade on the platform. The platform also gives its users their very own digital identity and the option to trade only with the users who have a verified identity.

NEO is also among the very few crypto currencies built on two native tokens—GAS and NEO. The project has sparked the interest of multiple investors especially from the technological sector.

Token Value Information

Total Supply: 100,000,000 NEO

Circulating Supply: 65,000,000 NEO

Market Cap: $1,226,575,052 USD

ICO Price: $0.558 USD

Current Price: $18.87 USD

 

  1. Ontology (ONT):

Ontology is a high-performance public blockchain project which provides public blockchains including smart contract systems and distributed ledgers. The network has been built to support public blockchain networks and customise them for varied applications

Ontology, when launched, was reviewed as a rather revolutionary project in that it allowed businesses with no previous knowledge of distributed networks to use blockchain technology. The blockchain protocol of the Ontology network—where corporations can implement trust mechanisms tailored to their specific needs—has opened the way to the globalisation of the blockchain technology.

Ontology operates on a trust network wherein 4 chains verify different participants (such as people, wealth, things, and organisations; applications; protocols; and all the different network chains) and links the chains together so as to create a connected and transparent ecosystem.

Token Value Information

Total Supply: 1,000,000,000 ONT

Circulating Supply: 151,292,175 ONT
Market Cap: $355,628,709 USD

ICO Price: $3.35 USD
Current Price: $2.35 USD

 

  1. QTUM (QTUM):

QTUM is an open-source, decentralised blockchain application platform that can successfully run smart contracts on multiple virtual machines with the Proof-of-Stake consensus algorithm.

That is to say, QTUM is fundamentally a marriage between Bitcoin and Ethereum. What the platform does is combine Ethereum’s smart contracts with Bitcoin’s stable blockchain. The aim behind doing so, as revealed by the team, is to augment the interoperability of application of smart contracts.

QTUM has been developed to bridge the gap between blockchain and the business world. The goal is to “facilitate the transition from a legacy system in aging organizations over to blockchain-based solutions that increase automation and decrease cost.”

Also, QTUM is a mobile-friendly infrastructure allowing users to deploy smart contracts from light interfaces such as mobiles as well.

Token Value Information

Total Supply: 100,829,228 QTUM

Circulating Supply: 88,829,228 QTUM
Market Cap: $396,364,871 USD

ICO Price: $6.76 USD
Current Price: $4.46 USD

 

  1. Elastos (ELA):

One of the rather most revolutionary projects from China, Elastos is a blockchain-powered internet. The project is creating a smartweb wherein users will have complete control of their digital assets. Elastos gives users the absolute ownership of their digital assets while ensuring that no internet access is required to run dapps.

Elastos primarily has four aspects:

  • Elastos Blockchain: which separates the functionality between the main chains and the side chains for every single application.
  • Runtime: which gives users the flexibility to run dapps outside the Ealstos OS. The Elastos network includes favorable runtime environment for Windows, Linux, iOS, and Android.
  • Carrier: which is the project’s decentralised p2p internet service.
  • SDK: the software development kit which connects the applications to the smart web.

Elastos is creating a network of dapps that don’t connect to the internet thereby preventing people from stealing and re-uploading content anywhere where it can’t be monetised. Within a closed environment, the network can keep track of content owners and use ELA tokens to pay for access to digital content.

Token Value Information
Total Supply: 33,870,015 ELA
Circulating Supply: 7,439,732 ELA
Market Cap: $71,430,426 USD
ICO Price: $44.35 USD
Current Price: $9.62 USD

Read this blog to know Top 10 Shitcoins of 2017-18

Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

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