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What Is the Hanging Man Candlestick Pattern: Meaning & Trading?What Is the Hanging Man Candlestick Pattern, and How Can You Trade It? In the world of technical analysis, candlestick patterns play a vital role in helping traders decipher market trends and potential reversals. Among the many setups, the hanging man holds particular significance. This distinctive formation captures traders' attention as it often serves as a warning sign of a possible trend reversal. This article will go through the technical analysis of the hanging man formation and explain how traders can trade with it. What Is a Hanging Man Pattern? The hanging man candlestick pattern is characterised by a small body near the top of the candlestick, a long lower shadow, and little to no upper shadow. It resembles a figure hanging from its head, hence the name "Hanging Man." Psychology Behind the Hanging Man The psychology behind the hanging man candlestick pattern reflects a shift in market sentiment. After a sustained uptrend, the appearance of this pattern indicates that buyers are losing momentum. The long lower shadow shows that sellers were able to push prices down significantly during the trading session. Although buyers managed to drive prices back up, the close near the open price suggests weakening bullish sentiment. This pattern signals that selling pressure is increasing, potentially leading to a bearish reversal as confidence among buyers diminishes. The hanging man is a versatile formation that can be applied across a wide range of financial instruments, including stocks, cryptocurrencies*, ETFs, indices, and forex, on different timeframes. Identifying a Hanging Man Candlestick on Trading Charts To spot a hanging man pattern in stocks and other financial instruments, you may follow these key steps: Look for an existing uptrend: Start by identifying a prevailing upward price movement on the chart. Locate a candlestick with specific characteristics: Search for a candlestick with a small body near the top, a long lower shadow, and little to no upper shadow. This formation resembles a figure hanging from its head. The colour of the candle doesn’t matter, but if it’s bearish, the signal is stronger. Consider supporting indicators: Utilise other technical indicators or oscillators to further validate the potential reversal. These can include trendlines, moving averages, or momentum indicators that align with the bearish interpretation. Note that there is no such thing as an inverted hanging man candlestick or a bullish hanging man candlestick pattern. Trading the Hanging Man Pattern Those trading the hanging man reversal pattern need to apply a systematic approach in order to increase the likelihood of successful trades. Here are a few steps traders usually follow to trade this pattern: - Identification: Identify the setup by using the steps mentioned above. - Look for confirmation signals: The setup alone is not sufficient for making trading decisions. Seek additional confirmation through subsequent candlestick patterns or technical indicators. This can include bearish candlestick patterns (e.g. bearish engulfing or shooting star), a breach of support levels, or the convergence of other indicators signalling a potential reversal. - Define your entry point: An entry point can be either when the next candlestick confirms the bearish sentiment or when the price breaches a significant support level. - Consider risk management: Assess the risk-reward ratio of the trade and ensure it aligns with your risk tolerance. For efficient risk management, you may adjust your position size accordingly. Risk management tools like position sizing, setting stop-loss orders, and diversification may help protect your capital. You may set a stop-loss order above the hanging man pattern to limit potential losses if the trade goes against you. - Identify profit targets: The candlestick itself doesn't provide specific targets. Traders can identify profit targets by looking at previous support levels, Fibonacci retracement levels, or other technical analysis tools like moving averages or pivot points. - Monitor the trade: Keep a close eye on your position as it progresses. Pay attention to any changes in market conditions or additional signals that may invalidate the trade. - Learn from outcomes: Regardless of the outcome of the trade, analyse it afterwards to identify areas for improvement. Assess whether the setup provided accurate signals and identify any factors that may have affected its success. This analysis will help refine your trading strategy over time. Live Market Example Consider the example of a hanging man on the forex USDJPY pair. An entry is placed on the next bearish candlestick with a stop loss just above the hanging man. The take profit order is at the next level of support marked by the orange line. Limitations of the Hanging Man Candlestick The hanging man candlestick pattern, while useful, has certain limitations that traders need to consider: - False Signals: The hanging man can produce false signals, especially in volatile markets where price movements are erratic. - Market Context: The effectiveness of the pattern varies depending on the broader market context and prevailing trends. - Timeframe Sensitivity: Its reliability can differ across various timeframes; what works on a daily chart may not be as effective on an intraday chart. - Not Standalone: It should not be used in isolation but as part of a comprehensive trading strategy that includes other indicators and risk management tools. Comparing the Hanging Man to Similar Candles Understanding how the hanging man pattern differs from similar candlestick patterns helps in accurate technical analysis. Here's a brief comparison of the hanging man with related patterns. What Is the Difference Between a Hanging Man and a Hammer? Both have the same candle structure. However, the hanging man candlestick occurs in an uptrend and signals a potential bearish reversal, while the hammer occurs in a downtrend, indicating a potential bullish reversal. Interestingly, it is possible to see a hanging man candlestick in a downtrend, often as part of a bullish retracement. Both candles require confirmation from subsequent price movements. They should be analysed within the context of the overall market trend and other technical indicators. What Is the Difference Between a Pin Bar and a Hanging Man? A pin bar and a hanging man are both single-candlestick patterns with small bodies and long shadows, but they serve different purposes in technical analysis. The pin bar has a small body and a long tail, indicating a reversal, but it can appear in any market condition. Its long tail shows a strong rejection of a certain price level, with the body pointing in the direction of the anticipated reversal. The hanging man, however, specifically occurs after an uptrend and signals a potential bearish reversal, characterised by a small body at the top and a long lower shadow, indicating selling pressure. What Is the Difference Between a Shooting Star and a Hanging Man Candlestick? The shooting star and the hanging man are both bearish reversal patterns, but they differ in their appearance and context. A shooting star occurs after an uptrend and features a small body at the bottom with a long upper shadow, indicating that the price was pushed up significantly but fell back down, showing strong selling pressure. The hanging man also appears after an uptrend but has a small body at the top with a long lower shadow, suggesting that sellers dominated the session despite an initial push by buyers. Both require confirmation from subsequent candlesticks to validate the reversal. Final Thoughts While the hanging man alone is insufficient for making trading decisions, it serves as a warning signal that buyers may be losing control and that selling pressure could increase. Traders seek additional confirmation through subsequent candlestick patterns, support and resistance levels, and other technical indicators to validate the potential reversal. By understanding the implications of the setup within the broader market context and employing proper risk management strategies, traders can enhance their decision-making process and improve their chances of identifying different trading opportunities. FAQ What Does the Hanging Man Pattern Indicate? The hanging man trading pattern in technical analysis typically indicates a potential trend reversal in an uptrend. It suggests that the buyers, who have been driving the market higher, are losing control, and the selling pressure may increase. The hanging man is represented by a small body near the top of the candlestick, a long lower shadow, and little to no upper shadow. It resembles a figure hanging by the neck. This visual representation conveys the potential bearish sentiment. Can a Hanging Man Candle Be Bullish? No, there is no such thing as a bullish hanging man candlestick pattern. The bearish hanging man pattern indicates a potential trend reversal from an uptrend to a downtrend. Is the Hanging Man Pattern Reliable? The reliability of the formation, like any candlestick pattern, can vary depending on several factors. While the setup is widely recognised and considered a potential bearish reversal signal, it should not be relied upon as the sole basis for trading decisions. It is crucial to consider other factors and confirmation signals to increase its reliability. What Is the Confirmation Candle for the Hanging Man? A confirmation candle for the hanging man is a bearish candlestick that follows the pattern, confirming the reversal. This can include a bearish engulfing candle or a candlestick closing well below the hanging man's body, indicating increased selling pressure. Is the Hanging Man Pattern Bearish? Yes, it is generally considered a bearish pattern in technical analysis. It is formed when the price’s open or close is near or at its high, there is a significant decline during the trading session, and it closes not far from the opening price. The pattern resembles a hanging man with his legs dangling. *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
#MAN/USDT Technical Analysis Chart Update for Scalping#MAN/USDT Technical Analysis MAN/USDT is currently trading at $0.0462 and the scalping chart suggests a potential profit of 7% to 37%. Based on this analysis, it is recommended to enter the market only if the price hits $0.047032. After entering the market, it is advisable to set a stop-loss order at $0.044 to limit potential losses in case the market moves against the trade. The recommended price targets are $0.050, $0.0539, $0.0578, and $0.064 with a timeframe of 5-15 days. However, it is important to note that these targets are based on technical analysis and market conditions can change quickly, so it is important to constantly monitor the market and adjust the strategy accordingly. Additionally, it is recommended to ignore volatile wick movements as they may not represent the overall market trend. Always practice proper risk management and only invest what you can afford to lose. Hey, it's CryptoPatel here! I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies. If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates. Thank you for your support, and let's continue to stay connected for more exciting content! LIKE ❤️ Share ⏩ Follow
Long
by CryptoPatel
1
TOP ASSETS of the AI NARRATIVE | PART 2In the comments of “Top AI assets part 1” you mentioned some more promising projects, the main product of which is AI. We decided to tell you more about them and check their metrics iExec RLC iExec is considered as a project with the AI narrative, but it is partly wrong. The main specialization of iExec is providing computing power and organizing the market around this sector. iExec forms large volumes of data and if we check their products, we will see that these volumes of data are being used actively but we have to understand that this is a side line of their business. In general, iExec as a project is more like Flux than any project in the AI narrative. Metrics of the $RLC token: Price: $1.75 ATH price: $11.6 Market.cap: $141m ATH market.cap: $800m FDMC: $152m Over the past 2 months, the $RLC token has grown more than 2 times. We do like iExec as a project with its own goals and values and that’s why we listed it on our platform for trading Vectorspace AI The team focuses on creating AI and ML solutions in space biosciences, general life science and capital markets. So far the team has launched two products: A financial product for protecting investment portfolios and finding stock and cryptocurrency market correlations for long or short trades. A product for biosciences in a Protein Relationship Networks area. Metrics of $VXV token: Price: $0.57 ATH price: $18.1 Market.cap: $27m ATH market.cap: $347m FDMC: $28m Over the past 2 months, the $VXV token has grown more than 2 times. Matrix AI Network Project that focuses on an AI integration directly into the crypto. Matrix has 4 main products: Mania - a platform for trading AI algorithms in an NFT type Airtist - a generative art creation platform for NFT Manta - an automatic machine learning platform Matrix - an AI service platform Metrics of $MAN token: Price: $0.02254 ATH price: $1.7 Market.cap: $4.8m ATH market.cap: $6m FDMC: $22.5m Over the past 2 months, the $MAN token has grown more than 4 times. Numeraire Platform for Data Science and Machine Learning specialists. Project supports DS and ML specialists, conducts predictive ML contests and builds its own progressive community. Metrics of $NMR token: Price: $16.7 ATH price: $84 Market.cap: $98m ATH market.cap: $487m FDMC: $183m Over the past 2 months $NMR has grown by 64% Streamr A project for data transferring within web3. Streamr is primarily an infrastructure project, preparing the basis for the data economy. Metrics of $DATA token: Price: $0.03308 ATH price: $0.3102 Market.cap: $25m ATH market.cap: $223m FDMC: $28m Over the past 2 months $DATA has grown by 50% Conclusion As we’ve told you earlier, the benefits that AI offers, along with its increasing adoption and application, guarantee the expansion of AI projects and a profitable market. Let us know in the comments about more AI projects we should look at. Share your investing or trading experience with such projects.Thanks for reading!
Education
by Samura0x
6
Sterling pares losses after US CPI jumpsThe British pound has taken investors for a ride today, as GBP/USD dropped sharply but has since recovered. In the North American session, GBP/USD is trading at 1.1856, down 0.28%. It has been a busy day on the economic calendar, with a host of UK releases and the US inflation report. In the US, the long-sought-after inflation peak remains as elusive as ever. The June inflation report showed headline inflation rising to 9.1% YoY, up from 8.6% and above the 8.8% estimate. Core CPI ticked lower to 5.9%, down from 6.0%. Still, this was higher than the forecast of 5.7%. With inflation remaining at high levels, the path is clear for the Fed to fire at will in order to curb inflation. Just a few days ago, CME's FedWatch pegged a 75bp hike at 93%, with a 7% chance of a 100bp move. The June inflation release has dramatically changed the FedWatch assessment, with a 53.6% of a 75bp move and 46.3% likelihood of a 100bp hike. The British pound took a tumble immediately after the US inflation release, falling 0.76%. The pound has managed to claw back most of these losses, but the risk of the US dollar moving higher remains elevated, as a massive 100bp increase has become a very real possibility at the Fed meeting in late July. Overshadowed by the dramatic US inflation report, UK indicators enjoyed a good day. GDP for May rose 0.5% MoM, bouncing back from a -0.2% reading in April and beating the estimate of 0.1%. Industrial Production and Manufacturing Production both ended a 3-month skid with monthly gains of 1.4% and 0.9%, respectively. Still, the bigger picture for the UK economy is not a rosy one, as a Bloomberg poll of economists indicated a 45% likelihood of the UK economy tipping into a recession in the next 12 months. GBP/USD tested support at 1.1876 earlier in the North American session. Below, there is support at 1.1736  GBP/USD faces resistance at 1.2025 and 1.2175
by OANDA
1
Apple store gunman who demanded $220M crypto A 27-year-old man who took over an Apple Store in central Amsterdam, took a hostage, and demanded a €200-million ($223 million) crypto ransom has died in hospital after being mown down by a police car. The armed suspect, named by Het Parool as Abdel Rahman Akkad, took control of the shop in the city’s bustling Leidseplein area on Tuesday. A tense five-hour standoff with police followed. The outlet reported the situation ended when Akkad’s 44-year-old Bulgarian hostage, an Apple customer, fled as police delivered water. The BBC highlighted that the victim was Bulgarian while Dutch media initially claimed they were British.
NASDAQ:AAPLLong
by granrevegy
MASK UP! NU VARIANT INCOMING!Hello all, I do not advise you financially, i just draw on charts that I think are interesting or requested to do so. This was requested by @edwardcryptoamos | Kudos to you allow me to add your name here, trader. I drew my usual trendlines on a large timeframe and measured angles. Measuring the angles indicated that the shorts are acting like underage 17 year old girls trying to drink at a bar using fake ID's. This was calculated using a special formula that I have spent many, many years to make. I mainly studied my math on "MIT OpenCourseWare" (highly recommended by the way). They taught me to be creative and to not rely on the system in order to live. I think that I was disadvantaged because I wasn't able to be graded by doctorates. I am a good listener though, so I believe my math is A+. The new support lines indicate that the bulls are acting like responsible alcoholics using real ID's and bar hopping constantly. The exposure to all the dirty bar bathrooms (sometimes on knees to crawl under the locked restroom stall), the sheer amount of variance of community interaction and drinking from dirty china that was cleaned hastily (for more tips $$$$) indicates that they will need to mask up next month because of the NU-COVID VARIANT. tl;dr shorts are 17 year old girls longs are 21 year males prowling Good luck trader, Trade Zen.
COINBASE:MASKUSDLong
by elkenpolar
4
The Fundamentals of Forex - Lesson 1 PMIIn the next following days I am going to work on a full education course designed for understanding the fundamentals behind Forex market and at the same time showing how it can be used for days trading using fundamental news strategy. Our first lesson : U.S. ISM Manufacturing Purchasing Managers Index (PMI) Understanding the ISM Manufacturing PMI and Non-Manufacturing Reports The Service and Manufacturing sectors comprise the majority percentage of US GDP. As such it is important to gauge the overall health of these components. One of the most useful sentiment studies that can help traders and investors to forecast future economic trends is the ISM PMI Manufacturing report, and the ISM Non-Manufacturing report. What is the ISM Non-Manufacturing Report ? The Non Manufacturing Purchasing Managers Index (PMI) is released by the Institute of Supply Management (ISM). The Institute was founded in 1915, and was the first supply management institute in the world. The report on business is a composite index that helps measure the economic health of the US economy. Though the Manufacturing PMI has been around for much longer, there was a need to measure the economic situation within the service sector as well. This is especially true since the service sector is attributed a majority percentage of US GDP in real terms As such the ISM Non-Manufacturing report was born. This report has been published by ISM starting in 1998. The data is compiled from surveys of approximately 400 purchasing managers in over 65 various non-manufacturing industries including mining, agriculture transportation, retail, and more. The report is released on a monthly basis on the third day of each month and reflects the data for the previous month. The Non Manufacturing Composite Index (NMI) is based on four equally weighted indicators: New Orders, Business Activity, Employment, and Supplier Delivery. All of these indicators are seasonally adjusted expect for the Supplier deliveries. Generally speaking, when the index is over 50, it demonstrates that the economy is growing, while an index of less than 50 signals a contracting economy. In addition, a better than expected reading is usually bullish for the US Dollar, and conversely a lower than anticipated reading is usually bearish for the US Dollar. Positive readings over time will also tend to help boost stock prices. Typically, the ISM Non-Manufacturing Index has a somewhat diminished market impact compared to the Manufacturing PMI release. One reason for this is that the non-manufacturing sector is generally much less volatile and more foreseeable than its US Manufacturing Index counterpart. What is the ISM PMI Manufacturing Index ? PMI Manufacturing Index on trading view MAN_PMI chart It measures the manufacturing output for a particular time horizon. The ISM PMI Manufacturing report is released every month, on the first business day of the month. The data reflects the prior month’s activity. The manufacturing sector is an integral component of the overall economic health of a country. Although the manufacturing sector of the US economy is less than 15% of total GDP, it is nevertheless an important economic report and often highly watched by many Forex traders. The report is produced by ISM and is a diffusion index, which basically means that it has various components that comprise the index. The resulting number is then updated to take into account seasonality factors. The PMI Index composite takes into account the following indicators: New Orders, Employment, Supplier Deliveries, and Inventories. The ISM Manufacturing report is gathered by surveying over 400 Purchasing and Supply managers about their future expectations on production, inventories, employment, and new customer orders. The benchmark number is 50 for the index. So, if the number is higher than 50 then this hints of economic growth, while a reading of 50 or lower is considered to be contractionary. The ISM PMI index is considered to be a leading indicator. It helps foretell future spending and expenditures that contribute to economic expansion. The indicator tends to reflect changes before the economy does. If there is an uptick in the PMI index, meaning there is more manufacturing output, then this is likely to lead to stronger economic considerations. And contrary to this, if there is a downtick in the PMI manufacturing index, meaning there is less manufacturing output, then this is likely to lead to weaker economic conditions. Trading the ISM Numbers As we have learned in the earlier section, an ISM composite index number above 50 indicates that the US economy is expanding. In addition, when the number has been above the 50 baseline for several months, it tells us that the economy is stable and strong. Conversely, when the number is below 50 it indicates that the US economy is contracting. And a number that has been below the 50 baseline for several months, can warn us of a potential recession. Aside from the longer term forecast that we can make using the ISM figures, short term traders, can take advantage of the ISM economic release for short term price movements. One of the more popular types of news trading methodologies using the ISM report is to trade a divergence between expected results and the actual figure that came in. For example, if economists are expecting a reading over 55 and the actual index composite comes in at 52 or 53, then the market may react to this discrepancy after the release. In this case, fundamental news traders would likely expect the lower than expected figure to be bearish for the Dollar, and a day trading opportunity could exist to ride the short term momentum on a weakening Dollar. You could sell the USD/JPY pair for example, or buy the EUR/USD pair for a short term day trade or scalp. However, this trading idea is a generalization and traders need to keep in mind other news events and/or technical levels that could override the ISM reading. Real examples For this analyse, lets take a look at EUR/USD pair since December 2020 using 15/30min time frame chart. Rules : Actual data is lower than forecast -> EURUSD LONG opportunity. -> USDJPY SHORT opportunity Actual data is higher than forecast -> EURUSD SHORT opportunity. -> USDJPY LONG opportunity Risk reward ratio : 1:1.5 OR 1:2 Also from my volatility calcuations over the last years, I found out that the best it should be to look for 10-20 pips movements in case of EUR/USD after the release of the PMI. Release Date Time Actual Forecast Previous Dec 01, 2020 (Nov) 11:00 57.5 58.0 59.3 -> EUR/ USD LONG OPPORTUNITY In this case we would have won the trade Release Date Time Actual Forecast Previous Jan 05, 2021 (Dec) 11:00 60.7 56.6 57.5 -> EUR/ USD SHORT OPPORTUNITY In this case we would have won the trade Release Date Time Actual Forecast Previous Feb 01, 2021 (Jan) 11:00 58.7 60.0 60.5 -> EUR/ USD LONG OPPORTUNITY In this case we would have won the trade Release Date Time Actual Forecast Previous Mar 01, 2021 (Feb) 11:00 60.8 58.8 58.7 -> EUR/ USD SHORT OPPORTUNITY In this case we would have lost the trade Release Date Time Actual Forecast Previous Apr 01, 2021 (Mar) 10:00 64.7 61.3 60.8 -> EUR/ USD SHORT OPPORTUNITY In this case we would have lost the trade Release Date Time Actual Forecast Previous May 03, 2021 (Apr) 10:00 60.7 65.0 64.7 -> EUR/ USD LONG OPPORTUNITY In this case we would have won the trade Release Date Time Actual Forecast Previous Jun 01, 2021 (May) 10:00 61.2 60.9 60.7 -> EUR/ USD SHORT OPPORTUNITY In this case we would have lost the trade Release Date Time Actual Forecast Previous Jul 01, 2021 (Jun) 10:00 60.6 61.0 61.2 -> EUR/ USD SHORT OPPORTUNITY In this case we would have won the trade RESULTS 5 Wins and 3 Losses Giving us a 60% win rate with a risk reward of 1:1.5
Education
by SoftKill21
6
Wanchain Takes the Lead in the Development and Advocacy of CrossWanchain Takes the Lead in the Development and Advocacy of Cross-chain Standards On the afternoon of July 16, 2019, the third session of the Beijing Blockchain Technology Application Association was held in Zhongguancun IC Design Park, Haidian District, Beijing. Wanchain representative Bryan Ye gave a keynote speech on the topic of cross-chain standards, the following is a summary of his speech: We took the lead in implementing cross-chain Bitcoin, Ethereum and ERC20 last year. This year we are working on the cross chain integration of enterprise chains such as Hyperledger, so we can say that we are at the forefront of the industry in the field of cross-chain technology research. So, what is the significance of developing cross chain standards? First of all, this is determined by objective needs. Nowadays, there are a large number of public, private and consortium chains in the industry. People need a standardized cross-chain protocol to allow for the transfer of information and value between different chains, especially between heterogeneous chains. Second, from the development direction of blockchain technology, there are currently three technical bottlenecks. Performance, privacy , and then the one we are addressing today, interoperability. The introduction of cross-chain standards will play a part in promoting the development of blockchain technology. Third, Wanchain has been committed to the research of cross-chain technology. As a member of the Ethereum Enterprise Alliance, and with our VP of Engineering Weijia Zhang as the general representative of EEA China we have been promoting the development of cross chain standards in China and internationally. So what do we have to do to develop cross-chain standards? In addition to our work with the EEA, there are a number of other tasks which we must address: The first is to clearly establish cross-chain implementation standards. This includes standards for: Cross chain transfer of fungible assets Cross chain transfer of NFTs (ERC721, etc.) Cross chain exchange of data Second, the collection of cross-chain needs and cross-chain difficulties. We need to collect cross-chain needs from companies with cross-chain needs or cross-chain research institutions, associations and organizations to understand their cross-chain pain points so that they can be better targeted when developing cross-chain standards. Third, the architectural design of cross-chain standards. A good architecture should have excellent security and high usability. For example, Wanchain uses the Storeman cross-chain node group mechanism to complete the mapping of tokens from the original chain to the target chain by means of secure multi-party computing and threshold key sharing.This decentralized process correctly verifies the transaction status on the original chain, and also ensures the atomicity of the cross-chain transaction process. After we implementing the cross-chain connection with Ethereum, we were able to reuse this mechanism for a cross-chain connection with Bitcoin. Fourth, the development of a cross-chain benchmark protocol. Similar to Ethereum Improvement Recommendations (EIP), we design a similar cross-chain improvement recommendation system based on the proposed status: draft, acceptance, finalization, and extension, to determine whether a particular cross-chain specification is ultimately incorporated into the entire cross-chain standard. Iterative versions of cross-chain standards should be backward compatible. In addition to the standardization process itself, we must also pay close attention to how to promote and gain acceptance of standards by community consensus: First of all, we should form a consensus among all members on cross-chain standards within the association through publicity and training. And through the resources and influence of associations and members, the standards can be spread out. Second, we need to disseminate cross-chain standards knowledge and organize cross-chain educational activities for companies, organizations, and community members related to cross-chain. In addition, we should develop a reasonable incentives policy to encourage companies and organizations outside the association to contribute to the development of cross-chain standards. The importance of standards is self-evident. Wanchain is willing to work with the association and its peers to actively embrace the development of standards and contribute to the advancement of national and international cross-chain standards.
Long
by IgorPorokh
1