cnLedger
@cnLedger

Xinhua News (China's Official News Agency): After the ICO ban, mainstream cryptos have declined more than 70% in price. However, Chinese investors can still buy ICO tokens easily, by first using RMB, China's fiat currency, to buy BTC/USDT with over-the-counter trading platforms.

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In 5 popular trading platforms including Binance and OKEX, 264 diffirent ICO tokens were identified. 98.8% of those tokens are currently cheaper than the ICO price. Chinese 'Self-media' (Wechat publishers by individual users) plays vital role in the price manipulations.

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Many ICO projects are disguising themselves as blockchain innovations. But in actuality they are worthless scam coins. "Develop token-less blockchain projects is no doubt both compliant and promising", says YH Guo, Chairman of Chinese Blockchain Application Research Center.

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Source (in CN): tech.sina.com.cn/it/2018-09-26/…

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