Exchanges played an important and special role in the early days of the blockchain industry. As a connector between project parties and users, it is the most competitive battlefield in the entire industry.

As a service provider, the exchange can obtain continuous and stable income by drawing service commissions, and has a relatively stable and predictable business model. Big exchanges have turned to "ecological builders", before OKEx's "Digital asset exchange open win-win plan", Binance's "Digital Asset Exchange Alliance Program",Huobi recently announced the establishment of Huobi CloudIt is to help partners build exchanges.

Recently contactedLink sinkWill Chow, the COO of the project, is optimistic about the future development of the exchange, and believes that the big ecology surrounding the exchange can help more high-quality project teams grow.

After Fcoin's transaction is mining, and the mechanism of holding currency dividends became popular, many exchanges have followed suit, with slight differences on this basis. Lianhui adopts the "dual-mode mining simultaneous release" mechanism. One is to divide the LT (the platform currency) released in equal amounts every day according to the actual proportion of the user's transaction volume in the total transaction of the day. The second refers to the invitation mechanism, 10% LT will be rewarded to the inviter through the "invitation mining" model. Another 50% of the platform token LT will be rewarded to miners, and 40% of LT will be allocated to private equity teams, strategic partners, founding teams and project operations.

In terms of platform currency rules, the total amount of LT is constant and will never be issued. From the beginning of mining, LT will be unfrozen once a day within 5 cycles (5 years), and the output of each cycle will be reduced by 50% compared with the previous cycle.

As for the dividend distribution mechanism of Lianhui, 100% of the daily platform income will be distributed to LT holders according to the proportion of LT holdings. On the LinkForex website, you can see the total daily transactions, total daily service fee income, dividend income per 10,000 LT shares, and total LT circulation.

Will Chow hopes that the currencies on Lianhui can develop steadily, so he will screen the currencies of high-quality projects. Lianhui does not charge listing fees, but instead forms a "Coin Listing Review Alliance", which is composed of a review committee and two third-party evaluation agencies to review currency listing projects, mainly from the team background, investor background, community Situation, business status, online public opinion, etc. to screen high-quality projects. In addition, the listing is divided into users voting for listing, project parties applying for listing, and "listing review alliance" recommending listing.

In the future, Lianhui will establish a fund to incubate high-quality blockchain projects and participate in the construction of the ecology of these projects.

Currently, Lianhui has launched 7 currencies and 13 trading pairs. In the past month, the highest transaction volume of Lianhui platform reached 200 million yuan, and the average daily transaction volume was around 30-40 million yuan. There are about 3,000 daily active users.

As an exchange, another big consideration is security. In this regard, Will Chow said that Linkex pays attention to the security of user accounts, stores 95% of digital assets in cold wallets, and adopts full-link encryption, token verification mechanism, cloud shield DDos protection, multiple data backups, and regular checks Data and other measures to ensure the security of funds. At the same time, the Lianhui team is developing a cold wallet for the Jingtong public chain team. In the future, the wallet will also be used for trading scenarios within the exchange.

It is understood that Lianhui has received 6,000 ETH cornerstone round investment from Fuqiang Capital, starbank, and Hanglian Investment.

(I am Yannan, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat nangua421262 for breaking news and communicating. Please note your name, unit, position and reason.)

(I am Yannan, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat nangua421262 for breaking news and communicating. Please note your name, unit, position and reason.)