Thinkcoin :: Multi Asset Trading on the BlockChain
The cryptocurrency market today comprises a multi-billion-dollar industry. That being said, it is yet to be fully accepted by the masses as an investment tool, compared to standard fiat currencies like the dollar ($) or the euro (€). While holding a market share of approximately 1.2% in current exchange currencies, that figure is expected to see rapid growth in the upcoming years. We established Thinkcoin because we believe in the potential of cryptocurrency, and that through its application, corporations may find an easy and efficient way of receiving finance for their projects. This will be achieved by utilizing what is known as an ICO (Initial Coin Offering). Our vision at Thinkcoin is to allow investors to trade a wide range of financial products such as cryptocurrencies. equities. FX. commodities and more. TradeConnect is issuing an Initial Coin Offering (ICO) of the ThinkCoin token (TOO).
What is ThinkCoin?
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 other financial products in a simple, secure and user-friendly way.
ThinkCoin can be used to trade forex, commodities, shares and other financial products - all in a simple. secure and user-friendly way. You can acquire TCO through our pre-ICO and. ICO stages of release or. once the ICO is finished. by exchanging fiat currency and other cryptocurrencies via select exchanges.
WHAT ARE THE KEY CONCEPTS OF THINKCOIN
- The Trade
TradeConnect will be able to work with multiple financial assets from the beginning. with specific smart contracts used for each financial product. Although we are initially offering FX and CFD trading. the system will expand to take in equities. futures, commodities, complex derivatives, options. bonds and institutional products.
Market Makers and Takers
These are the parties to a trade: 'Makers' create the terms of the trading contract and offer them to the market. Takers' are connected with the makers by our Al matching software. Either party can be made up of an individual, a group or institutions.
- The Connect Fee
Instead of commission. a connect fee will be charged on every transaction and divided between market makers and the network itself. The size of the fee will be based on the type of trading product as a percentage of the size of the trade itself, and would be included in the terms of all smart contracts on the network.
- Flexibility
Our trading solution reduces reliance on brokers and other intermediaries and enables direct trading for all. Your money stays in your control , with funds for trades committed to the blockchain pending execution and settlement of the trading contract. Settlement and payment can be near-immediate. with no delays and no fees for transferring funds.
- Off-Chain Transactions
Blockchain processing would delay settlement, so we will use process trades off-chain to speed up execution. Transactions are settled off-chain then netted by aggregating the net profit and loss as one bulk transaction and recording it on the ethereum blockchain.
Oracles
PROBLEM
Too many Intermediaries
Trading is not peer-to-peer, creating credit and financial risks.
Lack of flexibility
It is too difficult to transfer trades and meet the individual needs of every trader.
Completion takes too long
Completion can take many days thanks to an inheritance institution left behind by innovation.
Lack of transparency
Traditional brokerage models can have undue influence on both price creation and trade execution.
SOLUTION
We are developing TradeConnect: a state-of-the-art block-based trading network that will enable trading of any financial assets in the world. Our order software will allow individuals and institutions to trade directly with one another, creating a balanced playing field in which big and small players trade as equivalents. Trading will be verified on blockchain, which means settlement can be completed in seconds rather than days - changing trades forever.
Token Information
Name: ThinkCoin (TCO)
Total Supply: 500,000,000
Total Allocation: 300,000,000
Hard Cap: $ 30,000,000 USD
Soft Cap: $ 5,000,000 USD
Currency: BTC, ETH, BCH, LTC and Fiat Money
THE TEAM
Formore information please check the following links bellow:
Official Website : https://www.thinkcoin.io/
White Paper : https://docsend.com/view/qgyaq2y
Telegram : https://t.me/thinkcointoken
Facebook : https://www.facebook.com/ThinkCoinToken/
Twitter : https://twitter.com/ThinkCoinToken
Bitcointalk Ann Thread : https://bitcointalk.org/index.php?topic=3077146.0
My bitconintalk address: https://bitcointalk.org/index.php?action=profile;u=1141276
I will resteem your post to over 72,500 followers. Read my profile @a-a-a
Coins mentioned in post: