THINKCOIN: A PLATFORM THAT ENCOURAGES MULTIPLE ASSET TRADING ON THE BLOCKCHAIN

cryptoboss12 (40)in #asset • 6 years ago (edited)

The role of the financial services industry cannot be overlooked, as it’s the crux of the survival of the world economy.

Individuals, businesses, non-profit organizations and government agencies are all involved in the continual uplifting of these industry. Investing, lending, insurance, securities trading, and securities issuance are some of the basic financial services that keeps the industry moving forward.

One would think that, by my explanation above, all is going on perfectly in the industry. But unfortunately, that’s not the case. Infact, if not for the emergence of the Blockchain Technology, that has found its applications to address its most pressing issues, the global market would have neared an irreparable state as we speak.

Financial illiteracy, tiring documentations required to access financial services, lack of proper consumer regulation and protection procedure, Inflation, currency volatility are some of the issues that plagues the system.

You do not necessarily have to be an active trader to experience any of this aforementioned problems. As long as you are involved with buying and selling daily, you are exposed to this problems indirectly.

Active traders in the industry do not find it easy to thrive in this environment as research has shown. Due to Inequality, fraud, expensive fees charges by intermediaries, a deficient trading system, tiring documentations required, Trading has not been as pleasant as it was intended to be.

The European Union tried to find a long lasting solution to these problems by undertaking a pioneering regional financial integration process, to cut across 27 countries and 490 million people. They believed that with a detailed financial integration process, a higher economic growth and a better allocation of risks could be obtained.

Unfortunately, even financial integration comes with its own associated risks. Once the integration is done, any problem experienced by one arm of the integration automatically affects all. Several other problems were also encountered.

This is why the application of the blockchain technology was resorted to. In the past, there has been several financial services blockchain projects, who all came on to the scene to try to leverage the blockchain technology into the industry.

The Tradeconnect project created by the Thinkmarkets group is the most recent of them all. If you continue reading this article, you would have reasons to believe that this platform would be better than its predecessors, in handling the issues at hand.

The Thinkmarkets is a global service firm, that is charged with the sole aim of excelling as the top blockchain based lending platform and trading solutions.

Having gained a lot of experience in trading financial products, dealing with customers and handling a large customer base, the Thinkmarkets group came together and created the Tradeconnect project.

The Tradeconnect is a new multi asset trading network created to stand out amongst the rest and offer trading on an equal footing for all through the implementation of the Blockchain Technology.

The integration of the platform will enable decentralization of the trading system. The blockchain technology allows for the elimination of the middleman services, in this case brokers.

It encourages peer to peer trading where all trades is done within the transacting parties only. There is no need to start paying brokers to serve as security. The Tradeconnect will allow all transactions targeted funds to be stored on its blockchain for use when desired.

The tradeconnect network overview

FEATURES OF THE TRADECONNECT NETWORK

✳️MARGIN LENDING:
This feature lets you borrow money that you do not possess in your reach. Since the thinkmarkets experience is brokerage is solid, they will provide this margin lending only to clients who meets their laid down lending criteria. By doing this, they have solved the gaps Identified in the liquidity of margin lending.

✳️DIGITAL PERSONAS
In the conventional trading systems, brokers hide information from the traders because we all know, information is power. Digital personas will be assigned to each user to help create their profile, so they would be available for biding by marketers. This will promote activity and liquidity in the platform.

✳️TOKEN LISTINGS
The tradeconnect will also allow and list new coins that has undergone perusal from the tradeconnect team
It will partner with BitGo, which allow the platform to keep up with its security claims.

✳️THINKCOIN (TCO): it will be used for settling the connect fee which is charged whenever trading is done on the platform. Asides that, its an asset in its own right because, the team behind it will always look for new ways to incentivize transaction on the network which might ultimately cause a value increase.

How Tradeconnect network fares against the traditional trading system

HOW DOES THE PLATFORM WORK?

A market maker offering a trade and a counterparty that affirms his acceptance are the two requirements to successfully carry out a trade. To resolve the lagging experienced on the blockchain recently. The platform will utilize an off chain transaction, aggregation and netting process, a post trade ledger private blockchain ledger, and a mid market price to address its problems and profer a solution.

✳️ICO INFORMATION
The thinkcoin is the fuel that powers the trading environment. It can be purchased through the initial coin offering. 60% of the total token supply will be sold in the pre-ico and Ico. 1% will be used as bounties settlements, 15% for management, employees and advisors. The remaining 24% will be kept as reserve.

The price of 1 TCO = 0.30$

Pre-ICO will take place between 3rd of April and 18th of June, 2018. Whereas the ICO itself will run from 25th of July till 9th of July.

Hardcap is 30,000,000$
Softcap is 5,000,000$