10 Best Asian Chinese Crypto: Read our Full Review

In this article, I will talk about the Best Asian Chinese Crypto, as blockchain initiatives that are changing the digital economy.

These new platforms are already progressing in many sectors and have characteristics and solutions that distinguish them from one another in the crowded cryptocurrency market.

Key Point & Best Asian Chinese Crypto

Cryptocurrency	Key Point
NEO	Focuses on digital assets, smart contracts, and decentralized applications.
VeChain (VET)	Specializes in supply chain transparency and traceability.
Conflux (CFX)	Uses a tree-graph consensus algorithm for scalability and decentralization.
Huobi Token (HT)	Native token of the Huobi exchange, offering various ecosystem utilities.
Filecoin (FIL)	Decentralized storage network that rents out spare storage space.
Ontology (ONT)	Focused on identity verification, data privacy, and decentralized solutions.
NeoGas (GAS)	Fuel for NEO blockchain transactions and smart contract execution.
Zilliqa (ZIL)	Utilizes sharding technology for high scalability.
Pikamoon (PIKA)	A new project in gaming and NFTs with innovative concepts.
Polkadot	Polkadot is an open-source sharded multichain protocol

1. NEO

NEO is sometimes known as the ‘Ethereum of China’ as it is a blockchain network that digitizes assets and establishes a smart economy through smart contracts.

Its unique fault-tolerant mechanism, the Delegated Byzantine Fault Tolerance (dBFlt), helps speed up transactions to reach up to 10,000 transactions per second.

Moreover, NEO promotes the idea of digital identity security which is crucial to guaranteeing proper asset management.

All these features thus enable NEO to emerge as one of the most remarkable Chinese cryptocurrencies which foster a more efficient and secure digital economy.

NEO Coin Pros & Cons

Pros:

1. High Transaction Speed: NEO allows for 10000 transactions to go through per second.
2. Smart Economy: The goal for the NEO is to transfer assets into the digital realm, through the use of smart contracts.
3. Support for Multiple Programming Languages: Developers need not worry as they’ll be able to code using C#, Java, and Python.
4. Dual Token System: The NEO holders have an opportunity to earn GAS tokens helpful in paying for transaction fees.

Cons:

1. Centralization Concerns: In comparison with other blockchains, NEO’s consensus mechanism is centralized.
2. Limited Privacy: One of the features that NEO does not put much concern on is privacy options.
3. Market Competition: There are many more other competing blockchain platforms giving stiff competition to NEO.
4. ICO Distribution: Another thing about NEO coins is that they were all distributed during the ICO which halts new supply.

2. VeChain (VET)

VeChain is a supply chain-focused blockchain firm, thanks to its competitive advantages over other platforms.

It’s key element is the Proof-of-Authority (PoA) 2.0 consensus algorithm which provides data integrity without compromising on high throughput and scalability.

Moreover, VeChain has a dual token model (VET and VTHO) in place which protects the transfer fees from price fluctuations, which is ideal for businesses.

These factors, therefore, make VeChain one of the most appropriate chains targeting companies that need a seamless integration of blockchain technology.

VeChain Pros & Cons

Pros:

1. Strong Partnerships: Collaborations have been made with great firms like PW China and Walmart further expanding the already established relationships.
2. Scalability: It is ensured having high throughput due to the Proof-of-Authority 2.0 consensus mechanism.
3. Dual-Token System: Value is VET while transaction fees are paid in VTHO.
4. Real World Applications: Participates in the areas of logistics, healthcare among o4hers.

Cons:

1. Market Volatility: The value may change dramatically at any time.
2. Regulatory Uncertainty: There may be implications that regulations can affect.
3. Centralization Concerns: There are certain aspects of governance that are considerably more centralized than others.
4. Competition: Other blockchain competitors are available.

3. Conflux (CFX)

Conflux is distinguished from others due to its blockchain solution which utilizes a unique Tree-Graph consensus mechanism, resulting into high throughput and multiple transaction processing.

Conflux enhances security, speed and decentralization of systems translating into a faster, cheaper and more efficient platform for dApps and similar digital solutions.

Moreover, Conflux’s hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) have a stronger scaling feature which perform better together than each of the other features for decentralization.

Out of these innovations, it is obvious that Conflux is much equipped as a Chinese cryptocurrency destined to keep on growing and making great strides in practical life usage.

Conflux Pros & Cons

Pros:

1. Great Scalability: Conflux boasts an impressive throughput of 4,000 transactions per second.
2. Combination of Algorithms: An entirely novel approach of merging PoW and PoS to enhance security.
3. Throughput: Built to effectively manage high transaction throughput.
4. Self Governance: Aims to ensure the network does not become centralised.

Cons:

1. Brand Recognition: Less visibility and exposure compared to other well-known cryptocurrencies.
2. Useful Measure of Success: Limited to no usage in the market and little to no partnerships.
3. Risk of Fluctuations of Price: Prone to the price movement risk that is characteristic of other cryptocurrencies.
4. Lawsuits Shattering Dreams: The impact of laws might have a drastic impact in the future.

4. Huobi Token (HT)

Huobi Token (HT) is a digital currency which has been issued on the Huobi Global, this exchange has some unique features as well.

One of its main unique points is the buyback and burn mechanism, in which Huobi burns 20 percent of it’s revenue from transaction fee with an aim to buy back HT and enhance its value in the process.

Furthermore, HT holders benefit from cheaper trading fees, special events, and voting within the governance of the platform.

These characteristics enable a good number of Huobi exchange users to consider Huobi Token as an asset.

Here are a few advantages and disadvantages of Huobi Token based on the information available online.

Huobi Token Pros & Cons

Pros:

1. Discounted Fees: HT holders are granted lower trading fees.
2. Governance Participation: HT holders can vote on resolution agreements regarding the policy or business management of the platform and any major decisions made.
3. Buyback Program: A portion of the transaction fee is allocated to buy HT and use it to burn it.
4. Wide Range of Services: Offers the possibility for spot, margin, and burning futures trading.

Cons:

1. Market Dependency: If the Huobi exchange doesn’t perform well, the value of the token HT is low or worthless.
2. Limited Adoption: The maximum use of HT is currently aimed at the Huobi ecosystem.
3. Regulatory Risks: There are several regulations that involve cryptocurrency assets.
4. Competition: Also other exchange tokens have HT substitutes, which causes its further development.

5. Filecoin (FIL)

Filecoin is an open-source network that provides decentralized storage services, thus ensuring a more open and trusted service for data storage.

The key differentiator is its storage proofs system, which is not only decentralized but also auditable.

This proof system embeds trust into the protocol layer, meaning that Filecoin will be a trusted network for any dApps or NFT storage applications .

Filecoin circumvent the privacy issues inherent in existing systems and provide a more adaptable solution to current cloud services by transforming unutilized digital storage into an economy.

Filecoin Pros & Cons

Pros:

1. Common storage: It’s a secure and transparent method that enables people to lease their unutilized storage space.
2. Proof of Space-time: It provides assurance that storage miners are accurate in their work of storing the data.
3. Affordable: It has low prices than the traditional cloud storage providers.
4. Vastness: Storage and retrieval of huge volumes of data is no problem.

Cons:

1. Necessity: Understanding and using the system is a nightmare for regular users.
2. Market penetration: They’re still developing a firm grip on the market.
3. Trousers: This is not the case for all FIL tokens; they are sensitive to price shifts.
4. Policies threats: Existing regulations on decentralized storage that change over time may have potential effects.

6.Ontology (ONT)

Ontology is a high-performance blockchain platform specializing in decentralized identity and data.

The platform’s main distinctive feature is its dual-token system, consisting of ONT, which is for governance and staking, and ONG for paying transaction fees.

This system guarantees economical and efficient operations whilst ensuring the privacy and security of all data.

The interchain feature of Ontology enables enterprises to build private blockchains that would be able to interoperate and transact with other blockchains available on the network.

These developments also place Ontology as one of the top options for enterprises intending to leverage the Blockchain.

Ontology Pros & Cons

Pros:

1. The Firm’s Security System is Top Notch: It has an advanced security system that implements a multi-source verification approach.
2. Two Tokens Model: ONT is used for governance while ONG takes care of all transaction fees.
3. Compatibility: This enables the platform to function across multiple blockchains smoothly.
4. For Big Enterprises: It is meant for corporates and wide ranged organizations.

Cons:

1. Difficulty: Might be complicated for most ordinary users to comprehend.
2. Challenges: Other blockchain networks pose serious competition to this one.
3. Usage of the Market: Still in the process of being used by the majority of people.
4. Legal Evaluation: It is based on a law governing the ever-changing nature of cryptocurrency currency.

7. BitShares(GAS)

BitShares is a decentralized exchange that is remarkable in terms of speed and growth. Its notable aspect is the Delegated Proof of Stake (DPoS) mechanism which supports the network with the capability of up to 100000 transactions per second.

Such numbers allow BitShares processing volumes comparable to major traditional exchanges, say the NASDAQ.

To add on, BitShares has its SmartCoins, which are fastened to real-world assets hence maintaining the prices even in a volatile market.

Such qualities place BitShares as an aggressive player and an efficient tool for decentralized trading and financial requirements.

BitShares Pros & Cons

Pros:

1. High Transaction Speed: Can process as much as 100,000 transactions within a second.
2. SmartCoins: There are stable cryptocurrencies available which are collateralized to real world currency.
3. Decentralized Exchange: Assures the comfort of safe and transparent transactions.
4. Low Fees: Almost no charges for trading and limited for withdrawals.

Cons:

1. Complex Interface: New users may have a hard time using the software.
2. Limited Adoption: Doesn’t have a huge number of users compared to other platforms.
3. Volatility: BTS token value is tender to the volatility of the market.
4. Regulatory Risks: Changes in policy may affect the company.

8. Zilliqa (ZIL)

Zilliqa is very interesting because of its sharding technology which makes it a high-performance blockchain platform.

The key distinguishing feature of Zilliqa is its X-Shard architecture, which allows the network to be tailored and expanded depending on the requirements of various applications.

This makes it possible to carry out transaction processing in parallel thereby boosting volume and efficiency to quite a level.

In addition, Zilliqa is fast, cost-effective and energy saving by virtue of its implementation of the Proof of Stake (PoS) consensus mechanism.

These merits make Zilliqa one of the best choices for decentralized applications (dApps) and Web3 platforms.

Zilliqa Pros & Cons

Pros:

1. Scalability: Processes thousands of transactions simultaneously via sharding technology.
2. RFC (Really low transaction Fees): Transaction costs are significantly lower.
3. Through Their Eyes: Possess a devoted and keen user following.
4. A Unique Method of Reaching Validity: Uses a combination of PoW and pBFT to allow secure and effective mining.

Cons:

1. UI Complexity: Unsophisticated users may find it hard to operate.
2. Under-Utilised: Other alternatives are more utilized than this.
3. Friction Against Scalability: The price can change at any given point globally.
4. Costly: Sharding a single computer and other multiple assets takes time and energy.

9. Pikamoon (PIKA)

Pikamoon is a groundbreaking platform in the crypto gaming ecosystem which combines entertainment aspect of play to earn elements with Web3 technology.

One of the major differentiators of the platform is its participatory Metaverse where users can earn PIKA tokens by participating in different game-related tasks such as battles and storylines.

This model not only has the potential to bolster the gaming experience but also provides real-life benefits which makes it an attractive option for gamers.

Pikamoon is inherently decentralized and as such is funded and built by the community, making the players’ contribution meaningful and giving them a strong influence on how Pikamoon will evolve in the future.

Pikamoon Pros & Cons

Pros:

1. Play-to-Earn Model: A combination of gaming with real-world rewards.
2. Active Community: A regularly active and dedicated player base facilitating growth.
3. Innovation: Merging not only combat but also strategic and creative exploration.
4. Low Market Cap: Possibility of having such a market cap later on as the project grows.

Cons:

1. Early Stage: Its current state can be termed as beta with an overall of the development phase in which advancement, improvements and refinement are still required.
2. Market Risks: Has to deal with the unpredictability associated with the cryptocurrency market.
3. Limited Adoption: Has not achieved mass acceptance apart from the current user base.
4. Regulatory Uncertainty: Fluctuating regulations around GameFi and cryptocurrencies can have repercussions.

10. Polkadot

The Polkadot cryptocurrency has quickly became one of the most high-ranking Asian Crypto assets because of their unique approach towards blockchain interoperability.

Its unique ability to interlink various blockchains enables the transfer of data and assets from one blockchain to many others.

The cross-chain functionality is achieved through the use of Relay Chain, parachains, and bridges which connect multiple blockchains and share the same security.

The Polkadot Platform enables the stake, govern and interlink these parachains using a native token called DOT Token.

With Polkadot, however, they are creating a more integrated and efficient blockchain network, through a more decentralized and user-controlled community.

Polkadot Pros & Cons

Pros:

1. Interoperability: Allows the pooling of different blockchains together which facilitates the flow of information from one blockchain to another.
2. Scalability: Lets you build custom parachains where you can have many transactions at the same time.
3. Innovative Architecture: Newly developed approach to multi chain enables better blockchain interconnections.
4. Strong Development Team: Ethereum co founder Gavin Wood is a key member of the team.

Cons:

1. Complexity: Advanced technology might be hard to understand for the fresh users.
2. Market Volatility: Like a number of other cryptocurrencies, it is also prone to price volatility.
3. Adoption Challenges: For potential to be realized, there needs to be mass adoption.
4. Regulatory Risks: There may be consequences from the change in laws on the uses of blockchain technology.

Conclusion

To conclude, the answer to the question `what is the best Asian Chinese cryptocurrency’ is subjective and is determined based on one’s own preferences and or investment goals.

Even if it is true that a variety of cryptos exist with diverse characteristics, NEO usually stands out due to its emphasis on creating a smart economy based on high transaction speeds and the support for several programming languages.

Both its dual-token system and its regulation compliance make it a good option for businesses and developers.

In the end, you will find that the best cryptocurrency is one that addresses your needs as well as meets the expectations of growth and utility in the real world.