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What are Innovative District Currencies (Innovation Zones)?

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What are innovative district currencies? What are innovative district currencie

What are Innovative District Currencies (Innovation Zones)?

What are innovative district currencies? What are innovative district currencies?

Bitcoin broke through its previous high during the bull market in 2017 and has now entered a new high in 2020. However, from historical data, Bitcoin is still in a very early stage. But as the market continues to develop and progress, this pattern is slowly changing. The price of Bitcoin has been rapidly rising since 2015; it gradually weakened by the end of 2019 and fell to near the lowest point of 2018 at the beginning of 2021. Since the end of 2017, there have been some new currencies, DeFi projects, and these tokens are constantly creating new profits.

So what are innovative district currencies? Let’s take a look at its concept: Ethereum: After the launch of ETH2.0, the price quickly soared, and the total transaction volume currently exceeds 10 billion US dollars.

Tron: TRX is the third network game recognized by the public and has great influence after EOS. It launched its own mainnet in the middle and late 2019, and then upgraded, making it one of the world’s leading applications. The test network started on July 1, 2020, and was successfully launched in late August. This has achieved a significant milestone for the Tron blockchain: from the release of version 2 of BitTorrent to the first block released by BitShares, the total circulation within the system reached 5 billion TRX. In the following weeks, Bitshares grew by nearly 50%, becoming one of the largest decentralized storage markets in the world. Although this may be a good start, it will continue to exist without official support. In addition, Tron’s stablecoin USDC also received great promotion. According to Coinmarketcap data, 60% of the supply of USDC in the past 30 days comes from the USDT trading platform and wallet. In the recent days, USDC has been steadily increasing and the ratio between USDC and USDT has dropped from its historical peak in the first quarter of 2019 to its lowest level in mid-April 2019, when the value was approximately $10 million.

In addition to USDT, there are many other digital currencies such as XMR (Zcash), XLM (Litecoin), and BNB. (These three were officially issued in May 2020)

Of course, if BTC, which everyone knew before, is considered an asset category, there will definitely be more cryptocurrencies in the future. However, to truly achieve this goal, it requires long-term development.

Innovation Zones

According to official news, after the global innovation zone (Gpping focus zone) policy was released on November 20, 2020, the blockchain industry entered a comprehensive adjustment period. According to the previously published policy documents, Gingham, as a leader and pioneer in digital asset trading, distributed storage, data analysis, and application, is actively promoting localization and the construction of an ecological system in multiple forms. At the same time, in order to ensure that market vitality continues to maintain a healthy and sustainable development status, clear industrial positioning and long-term goals have been formulated.

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