What does the ThinkCoin do?

in #crypto6 years ago

ThinkCoin is a digital token used in the TradeConnect peer-to-peer trading platform.
The purpose of TradeConnect is to use security in blockchain technology to allow users to safely trade any financial assets around the world. With ThinkCoin, deals are resolved in seconds, not days. TradeConnect will allow users to trade any assets with other traders anywhere in the world. It uses a hybrid trading model where transactions are processed outside the network, but are fixed in a chain using smart contracts.

How advanced is the project?

ThinkCoin seeks to solve all the problems in today's trading market for financial assets:

  • Too many intermediaries increase costs throughout the industry, creating credit and financial risks
  • There is no flexibility, which makes it difficult to transfer transactions and meet the individual needs of each trader
  • Settlement takes too much time; Obsolete institutions may take several days to confirm transactions
  • Lack of transparency among traditional broker models

How does ThinkCoin Blockchain Crypto Asset Trading work?
ThinkCoin aims to solve the above problems by creating the most advanced peer-to-peer trading network called TradeConnect. TradeConnect will allow you to trade any financial assets in the world.
Special TradeConnect software will allow individuals and institutions to trade directly with each other, which will lead to a balanced playing field where large and small traders can trade on an equal footing. With ThinkCoin, all transactions are checked on a block chain, which means that settlements can be completed in seconds, not days.
The TradeConnect ecosystem will revolve around the use of ThinkCoin, described as the "digital trade token that underlies the TradeConnect network."

Using ThinkCoin, you can trade forex, products, stocks and other financial products with peers in a simple, safe and user-friendly way.
ThinkCoin is specified under the TCO symbol. You can purchase TCO during the pre-ICO company and ICO. They sell TCO in exchange for currency and crypt currencies. After the sale of the tokens, TCO will be available for purchase on various exchanges.
Alpha TradeConnect is planned to be released in April 2018. By the end of the year, TradeConnect is committed to having already been authorized to work as a licensed exchange in the United States. By July 2019, the company intends to conduct an IPO (yes, an IPO, not an ICO).

Benefits of ThinkCoin

In general, ThinkCoin strives to offer the fastest and most reliable deal. Trades are registered in smart contracts for maximum security. However, transactions are handled outside the network, but for higher speeds.
The hybrid approach "provides the best of both worlds", explains the ThinkCoin document and makes the use of peer-to-peer commerce more uniform than ever before. The platform aims to democratize trade and improve trading experience.

Other benefits include:

  • Reduce counterparty risk by stabilizing the trading process
  • Providing flexible and transparent trade performances
  • Bring speed and efficiency to the trading process
  • Distribute value among all network members

How to use tokens and how can they be valued?

Here is the basic process of exchanging digital assets in the TradeConnect network using ThinkCoin:

  • The market-maker offers a contract, and the market-maker accepts the contract
  • TradeConnect unites producers and buyers together, then performs trade
    *An offline transaction is stored by the relay, with 75% of the TradeConnect commission distributed between producer
    and recipient pools
  • The independent oracle determines the gain or loss
  • A smart contract automatically establishes a deal between the creator and the host party (50% of the TradeConnect
    commission goes to the market maker, 25% to the market buyer and 25% to the TradeConnect network)
    ConclusionThinkCoin or TCO is a digital currency intended for use on the upcoming ThinkConnect trading platform.

ThinkConnect aims to democratize the trade using a hybrid centralized / decentralized model: ThinkConnect will match market makers with market participants, and then complete transactions without binding when recording transaction data on the chain in an intellectual contract.

Some of the key advantages of the platform include the ability to trade any financial assets in the world, the ability to conduct peer-to-peer trading on the global market and the freedom to trade for seconds rather than days.

For More Information Please Visit
Website : https://www.thinkcoin.io/
Twitter : https://twitter.com/ThinkCoinToken
Facebook : https://www.facebook.com/ThinkCoinToken/
Whitepaper : https://docsend.com/view/5rxxi9c
Telegram : https://t.me/thinkcointoken

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