FAQ

Twenty-four-hour trading volume refers to the total trading volume of tokens on all exchanges in the last 24 hours.

In the "Trading Platform" section of CoinScope accounts, select a top-ranked trading platform, enter its official website, and find the "Help Center". Generally, you can see the "How to trade" tutorial in the "Help Center - Frequently Asked Questions". If not, just change the trading platform.

A digital currency can be listed on multiple trading platforms around the world, and its price on each trading platform is also different. The digital currency prices on this site are calculated through the volume-weighted average of multiple representative trading platforms.

You can find the source of the price from the market list on each digital currency details page. For example, the current price of Ethereum comes from the weighted price of the following trading platform:

The circulating quantity refers to the total number of tokens currently circulating in the market.

Total issuance refers to the number of all tokens currently in existence for that token (including those that are locked)

The maximum total amount refers to the maximum number of coins that may exist during its lifetime.

Because the circulation quantity can better measure the market value. Locked, predetermined currencies cannot be sold on the open market, and they do not affect the price of the currency, and therefore do not affect the market value. Using the float method is similar to using shares outstanding to determine the market value of a traditional investment.

Virtual currency is a digital expression of value that is not issued by a central bank or a public authority, nor is it necessarily linked to a legal currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically. Penguin Q coins, NetEase Cloud Music’s sign-in points, as well as Bitcoin and EOS, all belong to the category of virtual currencies.

Digital currency refers to a currency that is presented in digital form, rather than physical currency such as banknotes and coins; it assumes functions similar to physical currency, but can support instant transactions and ownership transfers without geographical restrictions. Digital currencies include cryptocurrencies, as well as central bank digital currencies.

Tokens are issued directly by the project party on the blockchain network. Moreover, the number of tokens allocated is often "predetermined", such as what proportion of tokens are allocated to developers, how much is used for operations, etc. The token itself does not have any value, but its value is determined by the issuer's business model.