Chinese investors have since been under much pressure since the government isn’t fully in support of crypto. However, cryptocurrencies are still very much popular in the country.
Data from Binance reveals that China remains its number one market, accounting for 20% of the worldwide market. This shows that there are many Chinese people who still engage in crypto trading and investing.
If you’re not yet one of them and are looking to start, no worries. You can never be too late to the crypto investment party. You may be wondering which assets to start, but that is the subject of this guide. The following are the assets to start buying and investing in for a start.
Conflux (CFX)
Conflux is a public and permissionless Smart Contract platform for DeFi. launched in 2018, the project currently has over $18 million in total value locked (TVL). Its Tree-Graph consensus algorithm is a major breakthrough in blockchain technology, placing it in its own class.
The algorithm provides a combination of high throughput and low latency, enabling the Conflux blockchain to process a large number of transactions within seconds. It also has such robust support for smart contracts which can be built using popular coding languages such as Solidity and Vyper, allowing more people to use it.
Based on the innovative ideas driving this project, its native token, CFX has become popular since it is used to power the project, and this makes it a great investment for the future.
Neo (NEO)
Neo is considered to be the Chinese version of Ethereum and for good reason. Its primary aim is to enable the creation of decentralized applications (dApps) and smart contracts just like Ethereum, but with more speed and scalability.
Launched in 2014, the network has several unique features which include its use of a Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism.
The algorithm is responsible for the high security and performance observed on the Neo blockchain.
The platform also makes it easier for developers to create dapps and smart contracts by allowing them to use multiple programming languages, including C#, Java, and Python.
NEO, the native token of the platform, is one of the best performing assets so far, and still has a long way to go as Neo blockchain continues to lead in innovation.
QTUM (QTUM)
QTUM is a decentralized, open-source blockchain platform with a unique design. It combines aspects of Bitcoin’s blockchain with Ethereum’s smart contract functionality, so it can be referred to as a hybrid between the two networks.
This project holds a special place in the heart of China, seeing it has even received support from the Chinese government.
This scalable proof-of-stake network allows developers to harness the strengths of Bitcoin and Ethereum in building smart contracts and decentralized applications.
It is one of the few crypto projects that are green, hence it has much backing from policy makers. Its token, QTUM is therefore a promising investment not just in China but worldwide.
Alchemy Pay (ACH)
Alchemy Pay is a decentralized payment gateway and cryptocurrency payment solution that allows merchants to accept cryptocurrency payments from anyone around the world.
Because of its partnership with several Chinese technology companies, the project offers its payment services to a wide range of merchants and consumers in China and the world at large.
Because of the rising popularity of crypto payments, its native token, ACH is one of the best performing assets historically, and also a promising investment. For the future.
Flamingo Finance (FLM)
Flamingo Finance is the largest DeFi protocol on Neo. It allows users to convert assets, provide liquidity, and earn yield through staking.
By using the Chinese Neo N3 blockchain, the protocol facilitates automated transactions between different cryptocurrency tokens through the use of smart contracts.
The project has also gained much support from the Chinese government and is popular in the country, making it a potentially great investment asset for the Chinese.
