In an unprecedented move by the Hong Kong Securities Commission, individual cryptocurrency trading will be allowed from 1 June 2023.
This groundbreaking decision led to a spike in the prices of various Chinese altcoins as investors await a wave of new opportunities in the crypto market.
As Bitcoinsistemi.com, we have compiled important Chinese-themed altcoins and necessary details for you.
China Based or Very Closely Related Altcoins
- Conflux (CFX): Chief among these is Conflux (CFX), a Singapore-based company with Chinese founders. Conflux gained attention for its large partnership with China Telecom and being financed by the Shanghai government.
- Cocos-BCX (COCOS): A China-based project founded by Chinese developers, Cocos-BCX aims to create a platform for game and digital asset creation. It is based on the Binance Smart Chain (BSC) ecosystem and has a major partnership with Alibaba Cloud.
- IRISnet (IRIS): A China-based project founded by an American entrepreneur, IRISnet is a cross-chain interoperability network that connects blockchains and applications. It is also based on the BSC ecosystem and has a major partnership with Asia Digital Bank.
- SelfKey (KEY): A Mauritius-based project founded by a Hong Kong entrepreneur, SelfKey is a decentralized identity platform that allows users to control their own data and access various services. It has a major partnership with HKVAX, a Hong Kong-based digital asset exchange.
- Measurable Data Token (MDT): A Singapore-based project founded by a Hong Kong entrepreneur, MDT is a data exchange network that rewards users for sharing their data with businesses. It has an artificial intelligence theme and works closely with Hong Kong virtual banks.
- Linear Finance (LINA): A Hong Kong-based project founded by Hong Kong entrepreneurs, Linear Finance is a decentralized protocol that allows users to create and trade synthetic assets. LINA was a Binance Launchpad project.
- dForce (DF): A China-based project founded by a Hong Kong entrepreneur, dForce is a decentralized finance platform that provides a variety of services such as lending, borrowing, stablecoins and yield farming. It is based on the BSC ecosystem and has received investment from China Merchant Bank, one of the largest banks in China.
- Neo (NEO): A China-based project founded by Chinese developers, Neo is one of the oldest and most established blockchain platforms in China. It supports smart contracts, decentralized applications and digital identities. It has a major partnership with Blockchain Service Network (BSN) China, a government-backed blockchain infrastructure project.
- ARPA (ARPA): A China-based project founded by Chinese developers, ARPA is a privacy-protecting transactional network that provides secure data sharing and analysis. It uses ZK technology. It has a major partnership with China's media regulator, the National Radio and Television Administration (NRTA).
- Phoenix (PHB): Phoenix, whose founder is a project based in China, is an artificial intelligence platform that leverages blockchain technology to create and deploy artificial intelligence models. It has significant partnerships with WeChat, China's largest social media app, and Tencent Cloud, one of China's largest cloud service providers.
Altcoins Not Chinese But With Significant Chinese Connections
- Alchemy Pay (ACH): A Singapore-based project founded by Singaporean entrepreneurs, Alchemy Pay is a hybrid crypto-fiat payment platform that allows merchants and users to accept and pay with a variety of digital assets. It has a major partnership with ZD Group, a Chinese e-commerce company. It also has a partnership with CNHC, a stablecoin pegged to the Hong Kong dollar.
- Highstreet (HIGH): A Canadian-based project founded by American developers, Highstreet is a virtual reality platform that allows users to create and explore immersive shopping experiences. It has a major partnership with Animoca Brands, a Hong Kong-based gaming company that owns popular games like CryptoKitties and F1 Delta Time.
- Filecoin (FIL): An American-based project founded by American developers, Filecoin is a decentralized storage network that allows users to rent and sell unused disk space. He has traditional Chinese connections as most of his investors and miners are from China.
- Ontology (ONT): A Singapore-based project founded by Chinese developers, Ontology is a blockchain platform that supports decentralized identity and data management. It has a major partnership with Shanghai QingYue, a Chinese smart city company. It also has traditional Chinese connections, as it was founded by Neo's creator, Da Hongfei.
- IOST (IOST): A Singapore-based project founded by Chinese developers, IOST is a blockchain platform focused on scalability and security. It has a major partnership with Hashkey Group, a Hong Kong-based digital asset management company. Hashkey Group also plans to launch Hashkey Exchange, a licensed crypto exchange in Hong Kong, in the second quarter of this year.
- LeverFi (LEVER): A Singapore-based project founded by Singaporean entrepreneurs, LeverFi is a decentralized margin trading platform that allows users to buy and sell various crypto assets with leverage.
- The Sandbox (SAND): An American-based project founded by American developers, The Sandbox is a virtual world platform that allows users to create and play games using blockchain technology. Besides a major partnership with Animoca Brands, it also has other partnerships with universities and companies in Hong Kong.
- Tron (TRX): An American-based project founded by Chinese entrepreneur Justin Sun, Tron is a blockchain platform that supports decentralized applications and content production. It has significant partnerships with Baidu, China's largest search engine, and NDRC, China's top economic planning agency.
- EOS (EOS): A Canadian-based project founded by American developer Dan Larimer, EOS is a blockchain platform that supports decentralized applications and governance. It has significant partnerships with China's state-backed blockchain infrastructure project BSN China and China's largest telecom operator, China Mobile.
- Sui Network (SUI): An American-based project founded by American developers, Sui Network is a Layer 1 blockchain platform with high transaction speed and high efficiency. It has significant partnerships with Alibaba Cloud and Tencent Cloud, two of the largest cloud service providers in China.
*Not investment advice.
