Thinkcoin - Multi-Asset Trading Network

himawanguntur (-1)(1)in #ico • 8 years ago (edited)

ThinkCoin is the digital trading token that underpins the TradeConnect network. By bringing trading to the blockchain, ThinkCoin lets you trade forex, commodities, shares and cryptocurrency with your peers in a simple, secure and user-friendly way. TradeConnect Limited is a member of the ThinkMarkets group of companies, which is a licensed financial services company in the UK and Australia that brings more than a decade of experience in FinTech.

About ThinkCoin
ThinkCoin (TCO) is the cryptocurrency fueling the revolutionary new peer-to-peer trading network called TradeConnect. This network will decentralize and democratize trading, allowing individuals and institutions to trade directly with one another. With ThinkCoin traders and investors will be able to trade everyday financial products such as Currencies (FX), Equities, Precious Metals, Commodities and crypto currencies using a single cryptocurrency designed for exclusively for trading and investing.

TradeConnect has several advanced features that make it stand out from other network such as complex scoring models for Liquidity Enhancement called Digital Personas, a unique AI engine for predictive modeling of your trades, a trade matching engine that removes commissions and creates a connect fee that allows the trader to take part in a rebate pool based on volume.

TradeConnect is being developed by the ThinkMarkets Group, an established multi-asset brokerage with a decade of experience and knowledge within the financial sector. ThinkCoin and TradeConnect will leverage the vast pool of intellectual property, technology and financial resources of ThinkMarkets to significantly accelerate the development and use of ThinkCoin as the premier cryptocurrency for trading of any financial asset in the world.

ThinkCoin tokens (TCO) will be available to acquire through an Initial Coin Offering and will power a forthcoming peer-to-peer trading protocol.

Created by innovator and serial fintech entrepreneur, Nauman Anees, the TradeConnect Network will take trading to the next generation by utilising smart contracts on the blockchain.

Changing trading forever

Our protocol decentralise trading and enable all parties, from individuals to hedge funds, to trade directly on a balanced playing field with greater speed, more certainty, at lower costs and with visibility for all.

· By enabling peer-to-trading across we can create a truly global marketplace. With no middle-man we can cut costs.

· The benefits of the blockchain ledger means that the terms of the trade are clear and unchangeable and are recorded to be seen and audited.

· Without the intermediaries, there is no need to have to put your trust in a third party.

· ThinkCoin tokens will replace and simplify the complex and often hidden fees in making trades today.

Global trading is stuck in the past
Online brokers revolutionised trading by connecting retail traders with the markets. This works through a network of intermediaries, all taking a cut of the pie. Blockchain is now making this model obsolete.

The Problems
● EXCESSIVE CHARGES
With so many intermediaries involved, global trading creates credit and financial risk.

● UNJUST INFLUENCE
Traditional broker models can have undue influence on both price-making and trade execution.

● OUTDATED TECHNOLOGY
Global trading is stuck in models that are decades old, resulting in lack of flexibility.

● TRADERS FUNDS ARE AT RISK
Transferring funds to the broker’s account adds an unnecessary element of risk.

TradeConnect will bring trading to the future
Decades of financial award-winning experience have led to the development of a cutting edge trading network that will change the world of trading forever. Based on the Blockchain, TradeConnect will allow traders to trade any financial asset instantly and without intermediaries.

The TradeConnect solution

● REDUCED FEES WITH BLOCKCHAIN TECHNOLOGY
TradeConnect connects traders to a global digital trading pit, where the only commission paid is a connection fee, where traders receive rewards in return for adding liquidity in the system.

● CUTTING EDGE ARTIFICIAL INTELLIGENCE
The innovative technology in TradeConnect will lead to a network with a level of flexibility the markets have never seen before. Digital Personas and unique cutting edge AI are just the beginning.

● DIRECT TRADING WITHOUT INTERMEDIARIES
TradeConnect will allow individuals and institutions to trade directly with one another, taking out intermediares and creating a balanced playing field where players large and small trade as equals.

● FULL TRANSPARENCY ON BLOCKCHAIN
Thanks to the Blockchain participants will have full access and direct control over their funds and assets. Every contract is verifiable on the network and automatically settles.

TradeConnect promises to be the biggest shakeup to financial markets of the decade. With blockchain technology deployed alongside advanced matching systems, the platform will bring substantial benefits directly to both traders and the global trading scene. Ultimately, TradeConnect will bring trading firmly into the future.

Traditional trading models

Traditional trading systems can be split into two groups: the broker model, and the no-dealing desk model.

In the first, the trader opens an account with a broker and places a trade. The broker acts as counterparty, and the market decides who wins and who loses.

In the second, for every trade placed, the broker automatically places a matching trade in the underlying market. With access to better pricing, brokers operating under this model profit from the commissions they charge.

The problem with these two models is that they are both based on risk taking. When brokers get it wrong, their clients’ funds are at risk. In the history of the markets, there is no shortage of brokers going bust for this very reason: a reason blockchain will make obsolete.

The TradeConnect solution

TradeConnect is the trading network of the future. Thanks to blockchain, traders are able to operate directly with one another, having complete access to their own funds, and do so in a a market-neutral system.

As well as the security benefits of moving away from brokers, the platform is also set to offer traders substantial financial incentives. Brokers typically charge a commission for their service. TradeConnect, on the other hand, has laid out an economic model that rewards rather than penalizes frequent users of its platform.

Instead of traditional commission, we will charge a Connect Fee, much of which will go directly to the network.

Twenty-five percent will cover the running costs of the platform, with the remaining seventy-five percent rebating directly to market makers and takers. Users of the network will be directly rewarded and incentivized for their participation — a brand-new approach that will incentivize traders to turn away from traditional brokers.

A new era ahead for the global trading scene

With a combination of improved security, technology and significant financial incentives,

TradeConnect is set to bring radical changes to financial systems. Alongside the benefits to traders, however, markets themselves will likely experience a transformation. The platform’s design as a global network, as well as its easy-to-use mobile trading app, will vastly expand financial markets as it opens the door to many individual traders and market participants. Equally, with increased volume will come increased liquidity, which combined with fast settlement of trades promises to offset the risks of huge swings in market behaviour.

It’s early days still for TradeConnect and ThinkCoin — the project is currently in its Pre-ICO stage. However, with the team’s extensive extensive previous success in this industry and the current roadmap opening Alpha testing this month, we might not have to wait long to welcome a new era for financial markets.

TradeConnect will use a hybrid blockchain–server system that will take advantage of the benefits of distributed ledger technology, whilst at the same time overcoming its limitations, namely, scalability.

Let’s take a look at the reasons for this approach.

As we are building on the Ethereum network, a full blockchain implementation would need two seperate smart contracts for each transaction — one for the market maker creating the offer, and another for the counterparty accepting the offer. Each transaction would need to be mined and assigned to a block, and whilst this can in principle take place in seconds, when the network is under high load and scaled to the widespread adoption we expect this technology to grow to, transaction times can become a hugely limiting factor.

Whilst we fully expect the Ethereum network to develop to overcome current scalability issues, and in the future we’re looking forward to integrating solutions such as Plasma into our ecosystem, we think it’s important that TradeConnect is fully operational as a fast and efficient trading network from minute one.

To achieve this, we’re offloading the bulk of the operations to an offline private blockchain. Only finalized transactions will be committed to the public Ethereum blockchain, resulting in a fast and always reliable service.

Private blockchains often suffer from the same limitations as centralized systems, but we will be able to avoid undue control over the system through the use of a pool of pricing Oracles. Over time, this network will expand to include an election system, which will ensure a fair and democratic service.

It’s a complex system that requires much more space in order to explain fully, but we hope this article has shone some light on the hybrid system TradeConnect is building and the reasons for this approach.

Token info
Token | TCO

Platform | Ethereum

Type | ERC20

PreICO price | 1 TCO = 0.25 USD

Price in ICO | 1 TCO = 0.30 USD

Tokens for sale | 300,000,000

Investment info
Accepting | ETH

Distributed in ICO | 60%

Soft cap | 5,000,000 USD

Hard cap | 30,000,000 USD

Visit ThinkCoin on

Website: https://www.thinkcoin.io/