About Coopex
COOPEX intends to solve some cases in the current state of exchange in an improper cryptocurrency space, and is actually detrimental to the industry's worst expansion.
New projects struggle with being listed on a decent exchange, regardless of the project’s merit or userbase. Many exchanges charge ludicrous fees to list a new token and take grudgingly long to do so, even after receiving payment. In many cases, this ruins the credibility of the project and bankrupts its investors. Further, users of exchanges are often charged high fees for every action they make. Deposit fees, maker fees, taker fees, and withdrawal fees all go to the exchange, never to be seen by the user again. What do exchanges do with all of the money? They certainly don’t need all of the millions that they make. Their fans, the users of the exchange, should be able to reap the rewards of exchange growth and trading.
Problem in Coopex
- Exchange Listings
As mentioned above, exchanges often charge very high listing fees and may take several months to list, making it difficult for new projects to be listed on any exchange at all. - Trading Fees
Naturally, many exchanges charge fees other than listing fees. While withdrawal fees may be necessary to pay for transactions, deposit fees are not. - Customer Support
many exchanges struggle with customer support. There are simply too many users trading on large exchanges at once for exchanges to keep up with demand. - Transparency
There is a considerable lack of transparency in the cryptocurrency space regarding how exchanges operate. To outsiders, it seems as if most decisions are done in the shadows, with both exchange users and employees left in the dark.
COOP Token
The Cooperative Exchange Token (COOP) is the COOPEX platform token. Every month, 75% of COOPEX trading fees will be collected and used to buy back the COOP token and burn it. The token will be bought on the actual COOPEX market at market price. This token buyback program will increase the price and decrease the supply, incentivizing exchange users to buy and hold the token.
ICO Details:
The pre-ICO began on June 28 and lasted until July 1.
The ICO began on July 3. The ICO will last for one month or until 9,000,000 tokens are sold, whichever comes first. The price during the ICO will be approximately $0.10/COOP, and the prices in BTC/BCH/ETH may be adjusted to meet that price. Current prices are as follows:
- 1 COOP = 0.0000144 BTC
- 1 COOP = 0.00012 BCH
- 1 COOP = 0.0002 ETH (currently disabled)
Any tokens unsold by the end of the ICO will be burnt.
Roadmap
COOPEX founded
April 2018
The idea for the Cooperative Exchange is created and a team is assembled.
Backend development completes
End of May 2018
Development for the backend of the exchange completes. The exchange is in a closed alpha mode.
Pre-ICO begins
June 18, 2018
The front end is completed, the Whitepaper is written, and COOPEX opens in beta mode. A pre-ICO for the COOP token begins.
Pre-ICO ends
July 1, 2018
The pre-ICO ends and preparation for the full ICO begins.
ICO begins
July 3, 2018
The full ICO begins with several currency pairs. Some active markets may also open during this period. The exchange is still in its 'beta' version. Marketing campaign begins.
Complete COOPEX API Development
End of July 2018
The COOPEX API will allow other developers to build tools on top of our exchange. The API is currently under development and we expect to finish by the end of July.
ICO ends, COOPEX officially opens
On or before August 3, 2018
The ICO will be completed either on this date or when 9,000,000 COOP tokens are sold. At this time or soon after, the exchange will officially open in 'production' mode, with bug fixes. Marketing campaign is ongoing.
Front-end UI improvements
August 2018
The exchange UI will be updated to feel more modern and responsive. We intend to introduce an easy-to-use yet intuitive trading UI. The first token buyback will also occur during this period.
Introduce market-making solutions
August 2018
We aim to partner with a market-maker and liquidity provider for our customers. We understand how important liquidity is in a market and we plan to use ICO funds to provide these services free of charge.
Introduce margin trading
End of August 2018
We are currently working on a margin trading solution for COOPEX and we are planning to finish by the end of August 2018. Our margin trading platform will feature shorting and longing on a selection of our markets. Leverage trading will be available as well.
COOPDEX Development Completes
September 2018
Development for COOPDEX, the Cooperative Decentralized Exchange, will begin in late June 2018 and we aim to complete it by September 2018. This will take time as we will be rebuilding a large portion of the exchange.
Open OTC trading and liquidity desk
Q4 2018
We aim to provide liquidity solutions for other exchanges via market-making, as well as an OTC desk for institutional customers.
For more Information
- Website : https://coopex.market/
- Whitepaper : https://coopex.market/Coopex_Whitepaper.pdf
- Telegram : https://t.me/coopexmarket
- Bitcointalk Thread : https://bitcointalk.org/index.php?topic=4592560.0
- Facebook : https://www.facebook.com/coopexmarket/
- Twitter : https://twitter.com/coopexmarket/
Author :
Profile Forum Link: https://bitcointalk.org/index.php?action=profile;u=1912720;sa=summary
Forum Username : kahseralpridetroopers04
Wallet Address: 0x180CfC5B85a114FC8a8D54AaeB100DAa9abA9072