Since cryptocurrencies have grabbed the public attention, trading platforms have seen tremendous growth with a great number of projects to encourage traders to use their exchanges or patronize a particular establishment. At the same time, high competition in the market has dictated the necessity for platforms to develop their own trading methodologists and integrate a comprehensive set of algorithms that go beyond the common practices. Trading commission cost is another important question to be asked as it directly addresses the assumed profits.
https://www.coinseason.com
CoinSeason, a Canadian-based company located in Vancouver, will compete for the investors' attention while expanding its business with the CSZ token for the cryptocurrency trading platform fueled by its own token.
Functionality of the platform
The platform will primarily enable the OTC trading with the integrated P2P and C2C tradings opportunities. The platform will initially operate with seven cryptocurrencies, including BTC and ETH. Since CoinSeason is a Canadian-based company, it will also support CAD alongside USD and RMB constantly adding other currencies for the trading purposes.
Transaction fees will be organized with respect to the trading module, such as C2C and OTC, as well as other activities, e.g. withdraw service fee, revenue and listing fees, etc. Given the growing use of the platform, CoinSeason will establish a voting system and encourage its stakeholders to vote on currencies they are interested in for trading purposes.
Initially, the platform will support two languages, English and Chinese, progressively adding other languages as well. Otherwise, the platform's interface will comprise trading history, market prices, orders, etc. Transaction fees won't exceed a level of 2%. Nevertheless, fees allocation will be adoptable to the overall trading volume specified in each trading account. A Maker and Taker commission scheme will be implemented as well.
https://www.coinseason.com
CoinSeason will address the issues of security trading the SHA512-CX encryption as well as attacks preventing with the help of its professional partners. The majority of funds that constitute up to 98% are promised to be stored in a cold offline wallet. With regard to the user's security, the system will assist with the 2FA and U2F authentication mechanisms. The anonymous transaction is also considered as additional feature to be introduced on the platform with the growing use of its trading mechanisms.
Token Sale Plan
Main public sale has started on July 18 and will close on September 6, 2018.
A careful analysis of the marketplace should lead to alternative market opportunities for existing services, however, we couldn't identify any strengths on the side of the projects since its description lacks any concrete policies and market competition analysis. We would therefore recommend the team to deliver a clear strategy and dedicate a solid amount of information to the tools and algorithms they intend to implement. The information provided to date focuses more on the future development plans rather than explaining the features and benefits of the platform. All these factors coming together leave the impression that the project still needs improvement in the part of its technical presentation.
Links:
Website: https://www.coinseason.com
WhitePaper: https://bit.ly/2LOJXB7
Telegram: http://t.me/Coinseason
Facebook: https://www.facebook.com/CoinSeason-295541887595726
Twitter: https://twitter.com/CoinSeason
Medium: https://medium.com/@CoinSeason
ANN: https://bitcointalk.org/index.php?topic=3760219.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.