ThinkCoin: The Road to the Future for Global Trade

bakso.super (44)in #ico • 7 years ago

In the first part of the ThinkMarkets Group project review , in which ThinkCoin tokens are released and the TradeConnect platform is launched, we have already begun to talk about what the project concept is all about. In addition, we found out that its founders themselves, ThinkMarkets Group - are quite experienced specialists in their business with more than 8 years of experience behind them.

Thus, the main idea of the ThinkCoin project is to create such a global decentralized multi-active platform that will be based on the use of blocking and smart contract technology, allowing its users to trade absolutely any type of assets without collecting various commissions like traditional brokers, but only distributing a single fee, which is paid using ThinkCoin tokens.

Well, as promised, it's time to talk about what the solution TradeConnect wins from those decisions that operated earlier, until this time, despite the fact that they existed for years.

"NO" to excessive payments

This is probably the main possibility of blockade technology, which finds its application in various fields. The situation is that those online brokers that existed up to this point and whose services were really actively used by market participants around the world are not just individuals, but entire networks of intermediaries, each of which charged its own commission.

This is the factor that leaves the global trade in the past, so the technology of blocking is designed to eliminate this problem, removing an infinite number of intermediaries from the trading procedure and introducing one single type of commission - a single fee that will be carried out using ThinkCoin tokens.

No intermediaries - no problem

The future of decentralized trading for smart contracts is unambiguous. In addition to being too expensive, trade through intermediaries is also unreliable, because they have too much influence on setting prices and concluding deals, and can also be simply dishonest, and therefore transferring money at their disposal is too dangerous.

Smart contracts are, first, the elimination of intermediaries, which reduces the cost of the procedure for trading assets, and secondly, it is full transparency and control of funds, because one of the features of smart contracts is their reliability, because the participants are in such conditions in which neither side has the opportunity to behave dishonestly as a fraudster.

All operations between users are made not only directly and through a reliable channel (smart contract), but also automatically, so users do not have to worry about the trading process, as it was in traditional systems. But about automation it comes just in the next feature of the platform.

Artificial Intelligence

Is it possible to talk about the technologies of the future without mentioning the technology of artificial intelligence, with which a lot of processes that up to this time required analysis, reflection and calculation directly by man, are now possible with the help of computer power and computer learning of the computer itself.

The technology of AI in TradeConnect is used to the fullest extent, so its creators even provided for special electronic personalities. The concept is quite interesting - for all the years, while traders use the capabilities of ThinkMarkets products, the company has accumulated a lot of data about their trends and behavior in the market.

Based on this data, the creators of TradeConnect have developed special scoring models, according to which each user is marked with a specific number of points. These glasses will fit into the smart contract, and the models themselves will be called "personalities", on the basis of which unique models of trading based on artificial intelligence will be built.

Moreover, TradeConnect provides two types of participants - Market Makers (Market creators) and Market Takers (slave market participants). The role of creators is to assign terms to trade contracts and offer them to the market, and the driven participants react to them, through an artificial intelligence system based on the use of "Electronic personalities".

In any case, the solution offered by the founders of TradeConnect will clearly differ from the traditional system that existed in trading before that time, placing its participants in much more convenient and advantageous terms.