CoinSeason. The first legal trading platform on the blockchain

in #coinseason • 6 years ago

Earning money on the volatility of cryptocurrency rates is a sort of casino. To get the stable income, we need a platform with accurate analytics and ability of legal money withdrawal. However, the development requires many costs, and there had been no solutions in the market before a new project CoinSeason appeared in Vancouver (Canada).


Figure 1. CoinSeason is a decentralized trading platform supported by authorities

The developers of the app employed the team of lawyers who examined the requirements of FINTRAC (The Financial Transactions and Reports Analysis Centre of Canada) and offered the architecture compliant with laws. The CoinSeason company has an official license for trading financial assets, obeys Canadian law, and guarantees the legality of operations.


Figure 2. The functionality of CoinSeason are standard functions of exchanges and official legal status

How does CoinSeason work? Who will benefit from the platform?

CoinSeason is a decentralized trading platform for earning money on rate differences of USD, CAD, CNY, BTC, ETH, and LTC. In the future, the developers are going to integrate the vast list of digital and fiat money to allow investors to form their multicurrency portfolios.

1. Stable Framework. The platform consists of several program codes. Each layer (static and dynamic data, current operations, personal information) is encrypted and stored in the decentralized servers. Such logic ensures data accessibility, invulnerability to hacker attacks.
2. System Security SHA512-CX is a data encryption protocol which protects sensitive data and personal documents loaded into the system. Unlike standard techniques, SHA splits the data into separate "pieces". If a fraudster steals one of them, he won't be able to decrypt data and receive user's money. The U2F authentication technology monitors changes of client's IP and sends alerts to a user.
3. Products Support is a version of CoinSeason released in October 2017 for over-the-counter trading (by that moment the developers hadn't got a license). In this time, the team has formed support service, eliminated the bags in the program code, and continues improving CoinSeason. They are also planning to implement fast automatic payments.
4. Multilingual and Cross-platform Support. The app has already supported Chinese and English languages. In the future, they are planning to include French, Japanese, Arabic, and other popular languages. There are versions of CoinSeason for browsers, Android and iOS. The company offers PC client and WeChat versions.


Figure 3. CoinSeason interface

The interface of the app resembles these of Trading View and other trading platforms. Experienced traders can try analytics tools, exchange indexes, and short-term dynamics. Newcomers can begin with the standard interface, while experienced traders may use Professional Interface.

How is the ICO of CoinSeason going? What will be with the project next?

CSZ tokens are ERC20 compliant. The total quantity of coins depends on the rate of ETH. The company will issue the equivalent of 30 thousand ETH. The rate of the coin is 15 thousand CSZ for 1 ETH. The ICO of the project starts on 1 July 2018 and will last until 20 August 2018. Hard Cap is 30 thousand ETH.


Figure 4. Competitive advantages of CoinSeason

The half of issued CSZ will be sold in the ICO. 30% will be given to the team and the founders. 10% will be sold in the PrivateSale. Another 10% will be spent on the promotion.
50% of funds raised in the ICO will be invested in the promotion of the project. 35% is operational costs. And 15% is a reserve fund of the project.

According to Roadmap, in October this year, a mobile app will be issued. In June 2019, the full version of the platform will be accessible, and in December the automatic payment system SeasonPay will work.

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6 years ago in #coinseason by
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