Question 1

Price determination of Cryptocurrencies

Accepted Answer

How is the Unit Price or Market Value of a Cryptocurrency Determined on a Cryptocurrency Exchange?

In the dynamic world of cryptocurrency trading, understanding the “Ask-Bid Spread” (Supply and Demand Ratio) is crucial for both beginners and professional traders. The “Supply and Demand Ratio” is a fundamental concept that represents how prices are determined in the market.

This article will explain the mechanics behind the “Supply and Demand Ratio”, how prices are determined through trading, and the key components of this process.

What is the “Supply and Demand Ratio”?

The “Supply and Demand Ratio” is the difference between the Ask Price (the lowest price a seller is willing to accept) and the Offer Price (the highest price a buyer is willing to pay) for a cryptocurrency on a crypto exchange, such as Mercury Iconex.

|| - Ask Price: This is the price at which sellers are willing to sell their cryptocurrency. It is also known as the “sell” price. || - Supply Price: This is the price at which buyers are willing to buy the cryptocurrency. This is also known as the “buy” price.

Example: Let’s say you are looking at the order book for Bitcoin (BTC) on Mercury Iconex:

Ask Price: $60,100 (This is the lowest price a seller offers to sell BTC).
Offer Price: $60,000 (This is the highest price a buyer is willing to pay for BTC).

The "Supply and Demand Ratio" in this case is $100 ($60,100 - $60,000).

Why is the "Supply and Demand

Question 2

How do I receive cryptocurrencies?

Accepted Answer

Receiving cryptocurrencies through Mercury Iconex is simple, secure and fast.

Here are the steps for beginners:

Log In to your Account:

Go to our website and click on ‘Start Trading’ and select Login on our exchange.

| If you have not yet created an online account, we recommend doing so. | See our Knowledge Base article ‘How do I start or open an account’ for the necessary steps.

Log in with your registered username and password.
Complete two-factor authentication (2FA) if enabled.

Navigate to the E-Wallet or Balance Section:

Search for the ‘E-Wallet’ or ‘Wallet’ section.
Click this to get an overview of the cryptocurrencies available on Mercury Iconex.

Select the Cryptocurrency you Want to Receive: -Click on the cryptocurrency you want to receive (e.g. Bitcoin, Ethereum or Suriname Reserve Digital Currency).

Click on the ‘Deposit’ or ‘Receive’ option.

Generate your Wallet Address:

Select the appropriate network address if needed (ERC20, TRC20, BEP20, Polygon). Each network has its own advantages. Agree with the sender which network is applicable.
After selecting the right network, click ‘Generate Wallet Address’ and a wallet address will be generated.
This is the unique address you should have the cryptocurrency sent to.

Copy Wallet Address:

Copy the generated wallet address to your clipboard.
Make sure you copy the full add

Question 3

Supporting and listed Cryptocurrencies

Accepted Answer

Supported Cryptocurrencies featured on Mercury Iconex

On our centralized Digital Currency Exchange, we offer an extensive selection of cryptocurrencies to meet the diverse needs of our users.
These Digital Currency types are carefully selected based on several key factors to ensure our users have access to reliable and promising digital assets.

Selection criteria for Cryptocurrencies

Market Capitalization: We choose cryptocurrencies with high market capitalization to ensure asset stability and reliability.
Technological Innovation: We evaluate the technological advances and unique features of each cryptocurrency to ensure valuable and innovative assets on our platform.
Growth Potential: Cryptocurrencies with high growth potential and a solid roadmap are selected to provide investment opportunities for our users.
Community support: Strong and active communities around a cryptocurrency are valued, as this often contributes to the sustainability and development of the project.
Regulatory Compliance: We ensure that selected cryptocurrencies comply with relevant laws and regulations to ensure a safe trading environment.

Digital Assets supported by Mercury Iconex:

** Bitcoin (BTC):** The first and most well-known cryptocurrency, often seen as digital gold.
** Ethereum (ETH):** A leading platform for decentralized applications (DApps) and smart contracts.
**

Question 4

Economic Constraints versus Financial Accessibility

Accepted Answer

Good and functional infrastructure is more important than the construction and erection of admirable buildings. The construction of functional infrastructure in whatever form ensures that people, materials and goods can come together to trade, for example, or to bring together connections or networks.

For economic purposes, functional infrastructure ensures that we are able to do business and build ourselves, which further contributes to the construction of our society. Infrastructure is therefore the backbone of all economic and social growth. It improves access to basic services such as clean drinking water and electricity in the interior and it opens up areas in a financial-economic way through the incorporation of digital and/or technological services.

Partly because of this, it creates jobs and stimulates business. The construction of functional infrastructure is an absolute gift from our ancestors, and in recent decades experts have devised and constructed a range of different types of infrastructure for various sectors with their own standards and norms, which in turn have inventively found a connection with the now complex world infrastructure that keeps the process of globalization alive.

As Surinamese, we can therefore praise the fact that groundbreaking work has been done in recent years in the construction of roads and bridges, and that certain parts of Suriname have been opened up, which has resulted in a social spin-off effect. However, there is a branch

Question 5

The Basics of Blockchain Transactions

Accepted Answer

The world of digital assets is growing and changing rapidly.

Retailers, investors, and corporate and bank management are increasingly asking questions about this industry - and for good reason! At the time of writing, the crypto market has a total market cap of over $2 trillion USD and the number of crypto wallets has exploded to over 260 million.

It is clear that there is retail and institutional interest in the crypto sector, but the infrastructure and operational support models for digital assets are different from traditional finance, and it is important to understand these differences before making the transition. Mercury Iconex services are here to help with this transition and our online academy is here to support you in creating the building blocks of digital asset knowledge by shedding light on the fundamental layers of how digital assets are built and work, what the market looks like, who the players are, how the capital markets work, and how to think about the impact it could have on you.

So in this article, we’ll cover the basics of blockchain, what blockchain is, how it works, and what you need to know about public and private keys.

What is Blockchain Technology?

Blockchain technology is the foundation of the entire digital asset ecosystem. Everything within the digital asset ecosystem is built on a blockchain. The blockchain is simply a distributed (decentralized) ledger of transactions that is cryptographically secured, immutab

Question 6

Bitcoin: The 'Magnum Opus' Driving the 'New Economic Order'

Accepted Answer

Bitcoin (BTC) is the first and most well-known cryptocurrency.

Whether you’ve heard about it from friends, seen headlines and social media, or are just curious, Bitcoin is more than just digital money. It’s a revolutionary technology that’s changing the way we think about finance, ownership, and trust. It’s so powerful and disruptive that it’s reshaping the established global economy. Bitcoin’s technology has also laid the foundation for thousands of other cryptocurrencies and tokens, and has shaped the digital age in profound ways. As a beginner, understanding the basics of Bitcoin will give you the knowledge and tools to participate in this amazing new financial system. Whether you’re interested in buying Bitcoin as an investment, using it for transactions, or just learning more about the technology, the world of “Decentralized Finance” that Bitcoin is a part of offers endless possibilities.

This article will walk you through the basics of Bitcoin, from what it is, how it works, and how you can own it, to the broader implications it has on the global economy. By the end of this article, you will have a solid foundation in Bitcoin and digital currencies, and will be ready to explore this new frontier in the world of finance.

What is Bitcoin?

Bitcoin is the first decentralized digital currency created in 2009 by an anonymous individual or group of individuals under the pseudonym "Satoshi Nakamoto". Bitcoin was created in response to the **financial crisi

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