CoinCola offers over-the-counter (OTC) and crypto-to-crypto pairs in an integrated platform
Dash has established a strong presence in Venezuela with more than 1,450 merchants who accept it
Exchange CoinCola partners with Dash and launches in Venezuela
CoinCola, the cryptocurrency exchange house based in Hong Kong, has chosen Venezuela as its first new market. Best known for its peer-to-peer cryptocurrency OTC platform, CoinCola allows operators to buy and sell bitcoins using their local fiduciary currency.
The exchange house will also enter into a strategic partnership with Dash, in an attempt to increase the flow and accessibility of digital currencies in Venezuela. As part of the partnership, CoinCola will add the Dash currency to its OTC platform and will offer a 0% trading rate for all Dash transactions through October 31, 2018. Venezuelan traders can also earn a 50% commission for transactions made through the Refer a Friend to CoinCola program.
On the partnership with Dash, the founder and CEO of CoinCola, Allan Zhang, said:
"CoinCola has an average of 100,000 transactions each month on our platform. We are the second largest OTC public platform in the world by volume of transactions, and at this moment 95% of total transactions are from Asia. With our partnership with Dash, we will be truly global. We decided to partner with Dash because it is the most efficient digital currency for payments, offers the lowest rates and offers "InstantSend" technology. Dash has a strong presence in Venezuela, Latin America and the rest of the world. We are very selective with the currencies that we quote on our platform and we are proud to offer Dash to users in Venezuela. "
Dash, through its instant digital cash payment mechanism, has established a growing presence in Venezuela with more than 1,450 merchants, including grocery stores, restaurants and retail stores that accept cryptocurrency. The organization's 'Dash Treasury DAO', a decentralized investment fund, has awarded more than 33 million dollars in Dash since 2015. Along with Dash, CoinCola aims to increase the adoption of cryptocurrencies in Venezuela by facilitating secure trade to a low cost
Venezuela's inflation rate is an obstacle to the economic development of its citizens. The adoption of the cryptocurrency in Venezuela, especially Dash, has skyrocketed as the country seeks a more transparent and stable means of storing and exchanging capital. CoinCola has the objective of providing much needed access and diversity to the Venezuelan cryptocurrency market, both with OTC and with the coin-to-coin trading pair, competitive quotas and additional incentives for local users.
ABOUT COINCOLA
CoinCola is a cryptocurrency exchange house based in Hong Kong that offers over-the-counter (OTC) and currency pairs operations in an integrated platform. It offers fast, safe and easy-to-use trading services at competitive prices. CoinCola OTC Marketplace allows people around the world to use their local fiat currency to buy and sell bitcoin (BTC), Ether (ETH), dash (DASH), litecoin (LTC), tether (USDT) and bitcoin cash (BCH) .
The trading is done from person to person and transactions through a secure online guarantor. CoinCola Exchange allows users to expand their portfolio by changing one digital currency for another. CoinCola offers bitcoin (BTC) and tether (USDT) as base coins and is compatible with a growing list of crypto to crypto trading pairs. The CoinCola mobile application allows users to keep up with the markets and access in a safe way to their account.
ABOUT DASH
Dash is the leading digital currency in electronic commerce and payments, and the growing alternative to bitcoin. With significant growth since its inception in 2014, Dash is now accepted in more than 3,000 merchants, including 1,450 in Venezuela. It is also accessible through more than 400 ATMs and more than 90 exchange houses around the world, making it one of the few that offers secure and decentralized financial solutions to real-world problems.
Dash offers a form of money that is portable, economical, divisible and fast. It can be spent easily and instantaneously online, in shops around the world, at much lower rates than those of credit and debit cards. Dash, with more than 60 members in the core team and a unique model of block and treasury mining, is the only major self-funded and self-managed organization in the cryptocurrency industry. This allows constant development and financing for the entire project.
Offer for Venezuela
Venezuela is currently the country that makes major transactions with Dash, arriving to use it daily to make daily purchases, this being caused by the instability of their local currency, for which they resorted to an alternative. CoinCola arrives in the territory with a beneficial offering:
0% transaction fee when buying and selling on CoinCola's OTC platform.
0.5% transaction fee when posting ads and completing exchanges at CoinCola OTC Marketplace for: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT) and Bitcoin Cash (BCH).
The offer ends on October 31, 2018. Normal rate: 0.7%.
0% transaction fee when posting ads and completing transactions on the CoinCola OTC platform for Dash (DASH).
50% commission through CoinCola. Recommend a program of friends for Venezuelan users.
Additional rewards are available through the CoinCola affiliate association program.
- 30% reward commission through the CoinCola Refer a Friend program for all users outside of China and Venezuela.
Future projections
CoinCola aims to work with a large amount of Latin Fiat money, from Venezuelan Bolivars, Colombian Pesos and passing through Pesos Argentinos, the idea is to operate in the Hispanic territory, including its currencies.