The primary market and the secondary market are the main components of the securities and virtual currency market, and they each carry out different trading activities.
What is the primary market?
The primary market generally refers to private placement, which refers to the project party through private negotiation before the project issuance to a specific investor ** token.
It is usually open to some institutional investors or high-net-worth individual investors, rather than to the public. Private placements usually have certain restrictions, such as minimum investment amount, investment period, etc.
Private investors usually enjoy more benefits and benefits.
Private placements are often subject to strict regulation and are subject to specific laws and regulations, and investors can negotiate with the issuer to determine the specific terms and conditions of the investment.
Here are two examples.
1.In 2014, Ripple's BI XRP private placement** was 00000007r a, investment 5r, able to **7.1 million, on January 4, 2018**20r a. The cost is 5r, and I see more than 100 million.
2.In 2014, Ethereum ETH private placement**189r,**2w r,you can buy more than 10,000. On January 14, 2018, Ethereum** increased to more than 10,000 at a cost of 2 W R, seeing more than 100 million.
What is the secondary market?
The secondary market, also known as the currency circulation market, trading market, and secondary market, is the market for buying, selling, transferring, and circulating the issued currency.
This market is a place for buying and selling, it provides conditions for the transfer of ownership of all issued coins or quan, and in simple terms, the secondary market is an open and accessible trading market.