ThinkCoin: A TradeConnect platform on Blockchain

in #ico6 years ago

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Technology has revolutionized the way we work but this transformation hasn't been fully realized yet. Manual run processes, desperate systems and incomplete visibility limit our reach and potential. The blockchain technology is revolutionizing the domain of information exchange with its robust and intelligent protocols in order to create thriving business ecosystems. Blockchain is helping automate and optimize business processes by directly bring in more customers, clients and trading partners onto a more trustable and sustainable network. Global financial markets are dominated by banks and institutions that lack transparency, meanwhile these institutions also impose unfair charges. TradeConnect network and ThinkCoin are going to break the wheel of convention with the blockchain technology.

What is think coin?

ThinkCoin is a digital trading token that empower the artificially intelligent platform of trade connect network. They are building an ultramodern and multi-asset trading network. This network will allow investors to trade a wide range of financial products with traders who are verified on the blockchain. On the other hand, the traders are introduced to the best pricing scenarios by a unique digital persona which is an intelligent matching protocol. This will comparatively contribute in faster, fairer and flexible trades. ThinkCoin is a token on the TradeConnect platform that allows the users to trade; foreign exchange commodities, shares, precious metals and other financial products in a user friendly environment.

How does it work?

In the current scenario it is more likely that the trader is irked being charged excessive fees by his/ her brokerage. Rather if the trader uses TradeConnect platform to purchase a certain amount of shares using ThinkCoin, the backend AI matching system fills the trade with the best available prices. The member of a TradeConnect network will each receive a digital persona that uses the latest of solutions in the artificial intelligence to ensure that each party involved in a trade is connected to the best potential partner.

These digital personas validate that the trader is matched with the right individual broker or bank that is selling the product he/she wants. These personas also insure that the trade gets executed smoothly.

The trade is settled in seconds on the blockchain unlike in the conventional method. Instead of a commission, trade connect issues a connect fee to ensure the liquidity. This fee is split between both the parties on the network. To add further, Trade Connect is a member of the Think market group. The Think market group has a deep experience in the field of trade market. They have collected data for almost a decade and studied on how traders react and interfere with the trading platform to get the definite idea about the user attention value.

ICO and token allocation details:

The ThinkCoin (TCO) token is a cryptocurrency designed to allow trading of financial products and crypto currencies between individuals and institutions of the same level. The total supply of ThinkCoin is 500mn and a total allocation of 300mn is available for the Pre ICO sale phase 1 with a discount 45% until phase 2. The hardcap and softcap allocated for the pre ICO sale is $30mn USD and $ 5mn USD respectively. It is liberating and interesting for the ICO enthusiasts that ThinkCoin accepts BTC, ETH, BCH, LTC and fiat as a currency for token sale. 45% of the tokens are spent on new user acquisition and marketing, 30% on the TradeConnect development, 12% on operations and management, 10% on licensing additions and changes and 3% on legal, audit and advisory which is indeed a reasonable allocation for a company like ThinkCoin.

Our review:

ThinkCoin received wide range of positive acceptance and reviews by various blockchain experts and few of them are also the advisors for ThinkCoin. ICO bench gave an overall rating of 4.3/5. TrackICO has rated it as 4.6/5 and ICO marks gave the company a team rating of 8.3/10.

It is acceptable that online brokers brought a revolution in trades by connecting retail traders with the markets, but this worked through an extensive network where all intermediaries took a cut of the pie. Blockchain will now disrupt this problem of excessive charges that involve extensive credits and financial risks. The unjust influence of the brokers on both price- making and trade execution is dissolved in ThinkCoin platform. The unnecessary element of risk when you transfer funds to the broker's account is also resolved. Moreover, the outdated technology in global trading market that lack flexibility is brought to halt.

Website - https://www.thinkcoin.io/

Whitepaper - https://docsend.com/view/qgyaq2y

ANN - https://bitcointalk.org/index.php?topic=3077146.0

Telegram - https://t.me/thinkcointoken

Published by - dannywhelan

Profile - https://bitcointalk.org/index.php?action=profile;u=1606458

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