Automated blockchain savings platform powered by NEM, that allows users to convert rewards points from different programs into fiat and cryptocurreny assets.
- Security - All transactions that occur within the marketplace will be conducted via NEM Mosaic, CVZ. Buyers will not have to trust sellers with sensitive data, such as credit card numbers, and sellers won’t have to worry about chargebacks or double spending.
NEM public ledger provides additional transparency into all transactions - even those of myCoinvest itself!
- This enables users to conduct fiat to fiat transactions between supported currencies, without loss.
For example, sending USD to someone who needs PHP. USD is converted to CVZ, locked at USD valuation - transmitted on blockchain - then CVZ converted to PHP in recipients account based on the USD valuation it was purchased at. (This process happens in seconds)
myCoinvest holds reserves of all fiat currencies traded on their platform. The reserves are insured by a third party. The reserves provide a buffer to user interaction, enhancing speed and security.
- Gift Card Redemption:
With the SMART Wallet, users can place a savings goal in the marketplace for others to fulfill.
Any user in the network can purchase the desired item for the goal setter using their gift cards, rewards points, etc. The buyer who fulfills the goal receives payout in CVZ equal to fiat amount of goal. This can then be converted to other currencies, including fiat.
- Crypto Trade: Users can trade cryptocurrencies, including XEM and NEM Mosaics.
Fiat Trade: Users can trade supported fiat currencies. Ex. USD:JPY and CAD:PHP (We currently only support USD, but will be onboarding international currencies in the near future)
Crypto:Fiat Pairing: USD:XEM is first to be included, with international currencies onboarded in future.
Low Fees: With 0 Fee on deposits, 0% Maker fee, and .27% Taker fee, we undercut Coinbase/GDAX trading fees by 10%. Additionally, every user can withdraw with 0 Fee in amounts of $300 or less per user each week. Volumes greater than $300 are subject to a small withdrawal fee.
A cornerstone to the myCoinvest ecosystem is the Adaptive Money Transfer technology. This technology allows fiat conversion and transaction on blockchain without susceptibility to cryptocurrency volatility.
Support the Growing Digital Currency Community and Their Mission to Transform the Way We Exchange Internationally
Super low fees, country-less, no forms to fill out
True cryptocurrencies are border-less, near-instant, and universal
- Peer to Peer Savings Market
With the SMART Wallet, users will have access to the myCoinvest peer- peer savings marketplace, or VezClub Exchange.
Ease of Use - Since the marketplace is included within the ecosystem users no longer have to finagle around trying to move money, convert it, withdraw it, nor any of the inconveniences within other marketplaces.
- With the SMART Wallet, users can place a savings goal in the marketplace for others to fulfill.
Any user in the network can purchase the desired item for the goal setter using their gift cards, rewards points, etc. The buyer who fulfills the goal receives payout in CVZ equal to fiat amount of goal. This can then be converted to other currencies, including fiat.
- Support a Decentralized, Private Way to Shop
Digital currency is not owned by banks or any central authority. Make payments using a currency that is universal and not monitored by anyone else.
- Become One of the First Users to Catch onto the Future of Financial Technology.
User friendly financial savings ecosystem that offers an incentivized automatic savings platform powered by blockchain.
Visit www.mycoinvest.tech for more info!