ICO CrowdCryptoExchange

in #bitcoin6 years ago

https://www.crowdcryptoexchange.com/

CryptoCrowdExchange Introduction
Background

ICOs have the great benefit of allowing direct crowdfunding from end users to developers. We are seeing the worse with the greediest trying to capture free money and the best with transparent open-source projects focused on end-users. This is where we want to go. We want to offer a top class trading exchange with low fees redistributed to the CEX community.

Most crypto exchanges were built at a time when it was barely conceivable to reach the volumes we are seing today or were built in a rush to secure a piece of the cake. Binance and Kucoin had a tremendous growth and have in a few months disrupted the exchange market without much innovation. It’s a preview of what we can achieve.

Our specificity

We want to fully align the interest of the founders team and the community by sharing 100% of the trading fees through a token that will be held at 20% by the team. With soft cap of 5mn$ we aim to secure the running of our operations for a year and at the end of which a daily volume of 50mn$ would be sufficient to bring 4mn$ revenue to the exchange and about 15mn$ of profits redistributed to others token holders.

To compare Binance has reached a 1$bn daily volume in a few months and Kucoin has reached a range of 100–300$mn in 4 months. Both exchanges are extremely profitable and have a coin trading at a market cap above 1$bn. Here is why we think we can gain rapidly market shares:

Low fee : 0.05% commission son buy & sell
Great UI compatible with basic and advanced usage
Fantastic token giving access to daily payouts proportional to the volume traded of every asset on the platform.
Our goal

We want to get ready for a world were having a bank account won’t be an absolute necessity. Money has already been digitalized but in an inefficient manner. Bitcoin is obviously just the beginning. Here are some ideas to make our platform stand out :

Tax efficient structure. The bundling of your trading activity in one custom bond product will give you an average cost and exit price making irrelevant to consider every trade a taxable event.
Hard-wallet security. The nicest feeling with crypto is to have full control of your money. With new innovations such as the lightning network it will become increasingly fast and cheap to transfer cryptos and ideally an exchange should interface directly with your hardware based secure wallet.
Easy UI. Crypto trading is becoming mainstream and has to be more intuitive and accessible by providing assistance and clarity when placing orders. Poor knowledge has to be offset to prevent people from wasting money because of nonstrategic orders. Small transparent algorithms should be easily accessible to optimize orders.
Transitioning toward open-source and be open to enhancements from the community.
Working on the decentralization of exchange by providing a framework to allow wallets to agree on a price on the exchange and realizing the transaction outside of the platform.
The Sale

The team has not been made public yet and we are not yet accepting any money but welcome questions and ideas. We have opened preregistration and pledge for a private sale happening when the team is announced to get enough funds to make a successful ICO. Exact conditions are yet to be determined depending on the interest we see. Soft cap will be around 5$mn and hard cap is likely to be in the 10-20$mn range.

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