Carboneum, an openly distributed protocol, is creating a democratized social trading platform, named CoinRadars. It is worth highlighting that, as an open protocol built on our off-chain technology, Carboneum will be completely compatible with other apps in the ecosystem such as StockRadars, CoinMax and other future platforms.
CoinRadar brings a lot more to the table under Carboneum by allowing users ( especially new users ) who don't have the required expertise to make informed decisions on digital assets transactions by following expert traders and copy their their trading orders.
The Carboneum platform is created on the Ethereum blockchain with a token called Carboneum (C8) token. The platform also imposes a great significance on transperency and complete decentralization for trade order execution.
CARBONEUM PROVIDES THE SOLUTION
Carboneum has recognised the problems or limitations with the traditional social trading platforms and has outlined the following problems it would provide solution to;
The Complexity of Crypto-Currencies and Investment In Digital Assets
Trading in digital assets and crypto currencies is very complex and it requires a high degree of understanding and technical background all of which cannot be learnt overnight. In other words you cannot learn experience. In this case potential investors are left out due to their lack of understanding of the market.
Lack of Transparency of the Centralised Trading Platform
Traditionally, social trading is executed on a centralized platform; an entity or website acting as a centralized agent, requiring user to transfer money into a server-owned account to set up initial trading balance. Such agent then carrying out copy trading mechanism by simply repeating trade orders submitted by expert traders (leaders) for users who choose to follow them (followers) and agree to pay a fee in exchange for the service. Nevertheless, the most critical drawback of centralized platform lies in the fact that users by no means can verify which trade orders have actually been copied and performed, leading to opaque and, potentially unfair, reward distribution.
Traditional Social Trading Platform is Seriously Exposed to Single Point of Failure Risk
In a traditional social trading platform, an error of a single part could bring the whole system to collapse. This could lead to serious consequences such as user’s inability to take the money out of the platform, or even worst, a total loss of money.
Existing Incentive Structure of Traditional Social Trading Platform and Traditional Fund Managers Represents Imperfect Alignment of Interests
Existing social trading platforms normally act as an exchange and the revenue source mainly comes from the ‘spread’, which is the mark-up difference between buying and selling prices. On the other hand, for traditional fund managers, their mainstream source of revenue is management fee, calculated as a percentage based primarily, and almost solely, on their assets under management (AUM). These two aforementioned examples, nonetheless, are epitomes of severe misalignment of interests because they do not share the downside risks of their own customers. Regardless of the results of their decision making, either they make good or bad trades, they still get paid for their services.
SOLUTION
Carboneum will counter these problems by building a decentralized social trading platform named CoinRadars and an open protocol called Carboneum. Both will allow communication with major digital asset and cryptocurrency exchanges directly. These two elements, the platform and the protocol, place a great significance on transparency and complete decentralization of trade executions as they attempt to build an ecosystem for social trading.
Carboneum Incentive Structure
Roadmap
TEAM
Carboneum is brought to you by StockRadars team. The team has a well-documented track record in building and developing Thailand’s leading online stock trading and analytical platform. Stockradars has over 680,00 app downloads, multiple local and regional brokerage partners and 76 version updated since lunched. Importantly, it has partnered exclusively with LINE to launch LINE Finance – the first in the world to do so. StockRadars team also has built strong ties with top-tier customers and partners such as Maybank Kim Eng, Krungsri Securities (Mitsubishi UFJ Financial Group subsidiary in Thailand), Z.com (known as GMO in Japan), Yuanta Securities and KT-ZMICO among others.
With Notable Advisors
• Korn Chatikavanij - Former Finance Minister of Thailand
• Kai Tsang Ex-Head of App Store Team, Apple Inc.
• Krating Poonpol Managing Partner 500Tuktuk and Ex-Google Manager
• Louis Ryu CEO and Founder, Shift. Korea
• Somboon Sukheviriya CEO Comanche International Public Company Limited
For more information;
WEBSITE: https://carboneum.io/
FACEBOOK: https://www.facebook.com/carboneum.io
TWITTER: https://twitter.com/carboneum_io
TELEGRAM: https://t.me/carboneum_c8
Bitcointalk: Boluwatife
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1398337;sa=summary
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