FAQ

FAQ

What is a cryptocurrency?

A cryptocurrency or crypto currency is a digital asset that allows secure transactions between entities using cryptography. It also allows a controlled creation of additional units of the currency.

What is the difference between cryptocurrencies and tokens?

“Currency is a generally accepted form of money, including coins and paper notes , which is issued by a government and circulated within an economy.”

What is more, the currency must have value in the market.

Basically, cryptocurrency is not that different from tokens. Once tokens are issued by some enthusiastic developers group and someone bought it (or received for some job) and can trade them, it becomes cryptocurrency.

However, tokens can be much more than cryptocurrency. They can be used for various cases in the smart contracts ecosystem which accepts that token. For example, Basic Attention Tokens (Home) will be used as token to use its advertising service. This means, that BAT tokens value will potentially increase as all people will have to buy it to use the service.

So to conclude, crypto currencies just help transfer value in accepted way (as physical money), as tokens can be used for various use cases in blockchain.

How do I purchase cryptocurrency?

ALLCMC reports on the trading activities of thousands of markets but does not directly sell any cryptocurrency. The best way to find where to buy is by looking on the markets section for the cryptocurrency. For example, to find where to buy Bitcoin, you can look at the markets section for Bitcoin.

Why are you listing [insert random cryptocurrency]? It's clearly a scam!

Nearly every crypocurrency has been called a scam at some point in its lifetime. We're not here to judge the merits of any cryptocurrency, but we provide the best tools for you to make your own conclusions. As long as it meets the listing criteria, it's eligible to be on the site.

Are ICO's Safe?

 PURCHASE AT YOUR OWN RISK.

As with any boom, there are bad actors to be found in the land of ICOs. Given bitcoin and the larger cryptocurrency world’s deep tradition of enduring bad behavior, it is not a surprise that ICOs are attracting humans of base intent. But regardless, be careful.

How do you calculate prices for various cryptocurrencies?

Prices are calculated as a volume weighted average of all prices reported for each market.

What is “Market cap” and do you calculate it?

Market cap is short for market capitalization. It shows the total value or size of a certain cryptocurrency in circulation. It’s a product between the price of a specific coin and it’s circulating supply.

Market cap = Price × Circulating Supply

What is the difference between Circulating Supply, Total Supply and Max Supply?

Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands. Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned). Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.

Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?

Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing.

How long before I receive your reply on a feedback question?

We try our best to reply within 8 hours. It may take up 24-48 hours to reply.

Am I allowed to use content (screenshots, data, graphs, etc.) for one of my personal projects and/or commercial use?

Absolutely! Feel free to use any content as you see fit. We kindly ask that you cite us as a source.

 

Risk tip:Cryptocurrency transactions have high risks and are not suitable for the vast majority of people. Cryptocurrency assets may be subject to high risks and losses may occur over a short period of time. Please evaluate your capacity before making any investment decision. ALLCMC provides trading platform quotations only for information sharing, without any endorsement.

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