Many investors have tried trading outside the world of forex, crypto and stocks but have experienced several problem, mainly because it is dominated by financial institutes and as such manipulated by banks to their own benefit.
Traders are faced with high trading fees and sometimes transaction takes days to be confirmed. This made a team of experienced investors to developed a project that aims to help traders by utilizing blockchain technology to provide a peer to peer multi asset trading network, which is called tradeconnect.
We all know that businesses have been embracing blockchain technology because of it's use case and features. Tradeconnect wish to embrace the blockchain technology, so therefore it will be
- Scalable
- User friendly
- Decentralised
- Use of smart contract is initiated and
- Low transaction fees
However tradeconnect will give access to users to trade any digital currency any where in the world, no restrictions to any geographical regions, it's a licensed financial service and has more than a decade experience in fintech, it uses an hybrid trading model, where trades are processed off-chain but secure and recorded on-chain with the implementation of smart contracts.
WHY THINKCOIN?
Centralized platform has
Lack of flexibility has caused traders to feel discouraged it does not meet the need of traders but thinkcoin will deliver transparency and flexibility of trades.
In centralized platform, it takes hours and days to confirm transactions and the fees for transactions are high but with the integration of blockchain technology, thinkcoin offers low transaction fees and settlement process is extremely fast.
The rise of intermediaries has increased cost in the centralized system, thus opening industries to financial risk, thinkcoin aims to solve this by balancing the trading process and reducing counterparty risk.
Unlike centralized platforms, that their security can be easily hacked, thus rendering transaction records to be compromised, thinkcoin offers high security and safe keeping of records through the use of smart contracts.
furthermore it has a unique feature which is called #Digital personas. The digital personas is responsible for scoring traders, it gauge the success of traders as its assigned through machine learning algorithms. It's main purpose it's to make easier the automated matching of sellers and buyers easy, thus creating an efficient and transparent peer to peer matching system. It consists of two which are
The Trade quality personas algorithm-
Which is responsible for tracking trades and ranks based on their comparisons in other trading poolsThe price matching personas-
Is responsible for tracking price and compare it to other price accepted by traders.
While the personas score will give traders a better understanding of their dealers.
TOKEN
The thinkcoin token is an ERC-20 utility token issued on the ethereum blockchain and its called($TCO), it will be used to power the platform and all internal activities, it is premined with a total supply of 500million
CONCLUSIVE THOUGHT
Think coin and tradeconnect has come to redefined the peer to peer ecosystem, I believe with an experienced team as theirs, with a running MVP app it will be successful, moreover the token has a real use case and I believe this is one of the project that will draw crypto to mainstream.
Refer to the links below for more information
Website link- https://www.thinkcoin.io
Telegram group : https://t.me/thinkcointoken
Facebook group: https://www.facebook.com/ThinkCoinToken/
Bitcointalk forum: https://bitcointalk.org/index.php?topic=3077146.0
Bounty thread-https://bitcointalk.org/index.php?topic=3212613
Bitcointalk username-chosen one
Bitcointalk profilelink- https://bitcointalk.org/index.php?action=profile;u=1214784