About
“DECOIN is a blockchain-based "Profit Discussing Exchange" Money. DECOIN is building a world-renowned, quick-action, uncomplicated Multicurrency Return, and Dealing System, which stocks its exchange earnings with all of its coin-holders. In addition, DECOIN's top-notch security guarantees its clients a simple, soothing and efficient trading experience to guarantee finished dealings.” (1)
Problem
Neither the DECOIN web page or their Whitepaper clearly state what problems they are dealing with. When studying them however it’s obvious that they’re concentrating their exchange to deal with several problems that currently impact the cryptocurrency area. These include:
• The extremely huge earnings that cryptocurrency dealings acquire & the resulting focus of prosperity among several big players
• Cryptocurrency dealings being extremely insecure to hackers
• Knowledge asymmetry among cryptocurrency investors
• Difficulty in using cryptocurrency to buy products & services
It’s difficult for a single team to resolve these problems completely. However, if the DECOIN team can deal with these problems for their user's list, their product will be very eye-catching to cryptocurrency clients.
Solution
DECOIN is designed to resolve these problems by making a Cryptocurrency Return and Dealing platform which has functions incorporated that will fix the four problems above for their user's list. These functions include:
• Their Cryptocurrency (DTEP) that will re-distribute earnings proportionally to DTEP cash owners obtained from charges billed on their trading platform DTEP cash owners will also be able to share their money for a yearly interest rate of 6.2%
• Their Return platform will be following “financial market standards” when it comes to obtaining their platform and clients cryptocurrency . This involved multi-layered real-time verification & keeping most clients resources in cool storage space.
• A multilingual Online Client Service that will notify and responding to concerns that their userbase has regarding trading and making an investment in cryptocurrencies.
• A bank card which their clients can use to spend the digital forex that is saved in their records to buy Goods & Solutions
If these functions are properly applied, they will mostly deal with many of the downsides described previously.
The Competition
The cryptocurrency exchange area is currently loaded with many cryptocurrency dealings that are all trying to have a bigger company . This means that it will be very difficult for DECOIN to have a significant company once they release their trading platform in Q3 2018 . To take a position out from the audience, DECOIN will need to apply very impressive marketing techniques that will persuade new cryptocurrency traders to use their platform first, and expert cryptocurrency traders to change systems.
The Market
Thankfully, DECOIN will be coming into a huge market which is predicted to continue increasing as institutional traders & new retail store traders go into the cryptocurrency field over the decades . And with over $25 billion dollars currently being exchanged every 24 hours, DECOIN will have sufficient possibilities to get the trading quantity required to function and increase .
The Team
When looking through DECOINs team & consultants, obviously they have put together a team of individuals who are extremely knowledgeable in Fund, Business, Cryptocurrencies & Blockchain.
Some of their associates include:
• Shay Perry (CEO at DECOIN) who has established Start-ups in the past such as ‘Trustmed’ & ‘Take It lzl’
• Ari Recht (COO at DECOIN) who has over 20 decades working in technological innovation companies in both advisory and professional positions
• Vladimir Nikitin (Advisor at DECOIN) who was rated #2 on ICObench The team is the crucial aspect of any Start-up, so it is great that DECOIN has a team which provides traders assurance that they will provide on their guarantees.
The Business Plan
Unfortunately, DECOINs company strategy is the most fragile aspect of their Start-up. Although I’m sure that they have a more specific company stratsorttrategy distributed among their team, the information they provide openly is short of technological details. This may prevent traders who were expecting to learn more as to how & why they are applying the exchange how they summarize on their site and whitepaper.
Another issue is the Q3 release of their Dealing & Return systems. Between now and release, it is predicted that there will be many new cryptocurrency dealings competitive for trading quantity. Current systems will also be ongoing to innovate to keep and develop their company.
The last issue pertains to the indecisiveness as to how much of the earnings DECOIN will discuss among cash owners. Currently, the Whitepaper only declares that ‘up to 40%’ of earnings will be distributed in the first season, ‘up to 50%’ in the second season and ‘up to 60%’ in the third season. The terminology provides traders with a lot of doubt, and there isn’t any discussion if benefit sharing will happen after the 3rd season of function.
Verdict
While DECOIN does fail somewhat in their company strategy, they more than complete this by having a powerful team and remedy which could deal with some of the key problems currently experiencing the Cryptocurrency area. Overall, I'll be viewing DECOIN's growth carefully. I’d give them a good ranking and an 8/10.
More information
Website: https://www.decoin.io
Telegram Channel: https://web.telegram.org/@xDECOIN