Explanation and classification of the impact of fundamental events
#Education
Types of events:
#1, Hard Fork: A hard fork has occurred if changes are made to the digital currency protocol that is different from the previous version or a new blockchain coin is created. Of course, a hard fork does not always mean that new coins and tokens are produced, but a hard fork is when the new or forked version does not match or harmonize with the previous version and many changes have occurred in it.
#2, Soft Fork: Unlike a hard fork, no new coins or tokens are created. By applying corrections and updates to the original version, nodes will continue to operate on the previous blockchain. In fact, changes are not applied if the previous blockchain does not continue its process, and several changes are made in the new blockchain that are consistent with the previous blockchain, and old nodes that have not updated can continue to operate in the new blockchain without updating. . In a soft fork, usually the corrections and changes are not serious enough to create a new blockchain.
Number 3, Coin Burn: In this event, a number of coins are lost and it makes the desired currency more valuable due to the decrease in the number of coins.
Number 4, Upgrade and Update: Upgrade or update the platform that improves its performance.
#5, Token Swap: Tokens are transferred from the blockchain they operate on (usually the Ethereum blockchain) to a dedicated blockchain created by the currency.
No. 6, Mainnet Launch: Before launching the currency’s main network, this test is performed to check the correctness of the new network’s operation and is an introduction to the use of the main network.
#7, AMA: In this event, the CEO or senior project managers talk to the users and the users ask any question they want, actually it stands for “Ask Anything”.
No. 8, Meetup: Project members hold a meeting with people in line with project goals and activities.
Number 9, Workshop: Holding workshops with people to use the platform
#10, Staking: The supporting platform (such as Binance or wallets) rewards the user for the user’s participation in the execution of the proof of stake.
Number 11 – Listing: One of the attractive topics for traders is the listing of a new or old currency in a reputable exchange, which usually causes price growth.
Number 12 – DApps Launch: launching decentralized applications on the platform
Number 13 – Governance and Summit: Conferences and summits that can increase the price due to the details raised by the project managers.
Number 14 – Partnership: cooperation of a currency with other digital currency projects or fintech (finance and technology)
#15 – Airdrop: Cryptocurrency reward for holding currencies
#16 – bouny: Reward for finding pre-launch or post-launch platform bugs
Now let’s categorize these events, which event can cause a higher price increase for the currency, they can be ranked as follows (in order of greatest impact):
Hard Fork
Listing
Coin Burn
Upgrade and Update
Token Swap
Soft Fork
Staking
Mainnet Launch
Partnership
Governance and Summit
AMA
Meetup
Workshop
Launch DApps
Airdrop
boony
Of course, in the end, it should be noted that some things such as conferences, collaborations and AMAs may have important details that have a great impact on the price.
@arzdigitalpars