Introduction
Hi crypto enthusiast and traders. I want to write on what will be beneficial to traders and everyone that trades crypto assets. You will agree with me that investing or trading cryptocurrencies is a complex and a very cumbersome process. One needs a lot of information study to be a successful trader and this is always overwhelming especially for noobs and those that have no technical knowledge. But how would you feel if you could get a platform that social trading whereby you follow a leading trader and simply replicate on duplicate his trades? Sounds good right?
I present to you Carboneum. Let’s talk more on Carboneum…
What is Carboneum
Carboneum is an openly distributed stock protocol built on an ICON blockchain protocol. Carboneum aims to create a democratized social trading platform like CoinRaders where investment knowledge is shared and allows users to follow a leading trader and copy his trading strategies with a revolutionary incentive model. I will also want to inform you that since it’s an open protocol, Carboneum will be completely compatible with other platforms like CoinMax, StockRader which is a leading stock analytics and trading platform across Android, iOS, Chatbot and Web with over 680,000 application downloads.
Users of the Carboneum platform have 2 options when trading on the platform;
- They can either copy manually the trades of leading traders, or
- Have the platform automatically carry out buy and sell on their behalf.
With this, the platform is catering for new traders who have no basic knowledge of trading and have no expertise of experienced traders since leading traders’ moves can simply be copied.
Since leading investors moves are going to be copied, there should be a reward for them right? Carboneum has an incentive for them. Let’s go…
Trading Expert Incentive
Carboneum will reward them based on their performance and the number of followers following their trades. For example, if a trader has 20 followers and gives out a signal that leads to profit for his followers, a predetermined percentage of this profit will be given to this trader from the followers as a fee. This is carried out via smart contract.
Trading can be customized on this platform as users or followers might tweak trades they want to copy to a certain percentage of profit instead of copying the exact order or signal.
Carboneum Features
Trading
A leader makes their investment account accessible to Carboneum and his followers. This will give followers the opportunity to see the moves of their leading traders.
Copy Trade Contract
Followers and leaders has to agree via smart contract upon the term of contract.
Incentive Structure
CoinRader and Carboneum will make the incentive structure beneficial for both the follower, leader and the platform by ensuring the only time the followers will pay a fee and the platform earns a revenue is only when the trade is profitable. This is contrary to the way traditional social trading platforms run because in traditional trading platform profitable or not, a fee must be paid and revenue earned.
Knowledge Trading Platform
This is an avenue for followers to gain knowledge by following an expert trader. This is called copy or social trading thereby establishing a mentor-student kind of relationship. This is based on risk preference and expected return. Copied trades are delegated to Carboneum automatically via smart contract.
Token
The C8 token will be an Ethereum blockchain based (ERC 20) which will be the official token of the Carboneum ecosystem. The token is a utility token which is used primarily for social trading features for digital assets. All services on the platform will be paid using C8 token with a certain amount of discount (50%) however, numerous methods are also available. The discount rate will be reduced gradually every year.
In short, C8 token will be offering various benefit as a utility token on the Carboneum platform, the main one is a means of payment with huge discount. I will also like you to know that the token can also be used in FundRadars and StockRaders app to get extra discount on exclusive and premium features.
Team
Roadmap
ICO Details
Token symbol: C8
Total tokens: 200 million tokens
ICO supply (private & public): 120 million tokens
Hard cap: 12,000,000 USD
Soft cap: 1,200,000 USD
Price/Conversion rate: 1 ETH = 8,000 C8, 1 C8 = 0.1USD
Projected crowd sale date: June 11th, 2018
Token Distribution
Pre-Sale and ICO = 60%
Ownership = 20%
Team and partners = 12%
Advisors = 5%
Recruiting team = 3%
Fund Usage
Platform and Protocol Development = 50%
Marketing and Business Development = 25%
Operating Expenses = 10%
Research & Consultancy Fee = 10%
Compliance Fee = 5%
Conclusion
Carboneum is using the tapping into the full benefit of blockchain technology. Why this project looks very promising is that the platform will be built on the StockRader protocol which means there is something on ground to work with as they can now focus on making the platform successful and mainstream.
Carboneum is also bringing to fore the abilities of smart contracts with the way it is used between followers, traders and the platform.
On the final note, C8 token is going to gain huge value as more users adopt the platform and with the professional team behind the project, then it will be worth it if you invest in the project.
I hope you have learnt more about Carboneum, let’s interact in the comment session and follow to read my next article. However, you can read more about the project by visiting the following;
Website: https:// carboneum.io/
Whitepaper: https://carboneum.io/documents/Carboneum_Whitepaper.pdf
Telegram: https://t.me/carboneum_c8
Author: https://bitcointalk.org/index.php?action=profile;u=1231391;sa=forumProfile