In-depth Review Of Coincasso Project
Access into the cryptocurrency market requires the use of a crypto exchange. This makes exchanges the gateways to the cryptocurrency world. However, while exchanges have become lucrative enough to design a good user interface, the services and user experience is below standard. It is important that crypto exchanges adopt a more customer-centric, appealing and intuitive user experience to attract the masses. A new exchange, Coincasso, is the first to take the bold steps in the right direction. Coincasso is a multi-layered hybrid exchange with a major focus on delivering the best user experience to the users. The exchange leverages various frameworks to create features that will make this goal a reality.
The explanation contained in this article is a detailed breakdown of Coincasso project. This article presents the grading of all the various components of the project. It analyses which of the features is strongest and can push the project to success
What is Coincasso exchange?
Basically, Coincasso is a multipurpose, multi-layered hybrid (decentralized and centralised) cryptocurrency exchange project that aims to build a revolutionary crypto trading platform where all the various features of existing exchanges are integrated together with new and innovative ones. Coincasso will create the best user and trading experience for the crypto community. The Coincasso hybrid exchange will provide crypto-fiat trading pairs and also offer discounts to CCX token holders alongside amazing other benefits
IDEA/CONCEPT
- Grade: 5/5
Coincasso team recognises that the currently obtainable infrastructure and services offered by existing exchanges are not customer-oriented. The idea behind Coincasso is to develop all the features and services that will make cryptocurrency trading easier and increase adoption of cryptocurrencies for daily usage. Coincasso aims to provide solution to the existing exchange problems through its multi-layered hybrid (decentralized and centralised) intelligent exchange.
TOKEN METRICS AND UTILITY
- Grade: 3/5
CCX is an ERC20 token which offers good access to the Coincasso platform and is the default token that drives the Coincasso ecosystem.
Coincasso team created 100millions CCX tokens to power it's exchange. The hard cap aimed by Coincasso team is a decent one considering current market conditions — 72% of the total tokens will be sold at the different stages of the crowdsale at different prices.
- Utility
30% of the total will be utilised for exchange development and the opening of different development centers across Europe.The development of mobile wallet app will use 10% of the tokens. 20% of the total tokens will be kept on a transparent address as a reserve.
ROADMAP
- Grade: 4/5
The roadmap designed by Coincasso team is simple and fast indicating the level of commitment the team is putting in to the project: This move is great and increases the confidence of the investors on long term. The project also details in the roadmap what the team has been working on before launching the ICO, so that investors know the current status of the development. Coincasso plans to launch the version 2.0 of its exchange in Q2 of 2019 (June) and also reward the community of CCX token holders.
TEAM/ADVISERS
- Grade: 5/5
Coincasso development team is big with the right individuals that posses the right experience in all the areas that necessary for success of the project. Their advisers are also well experienced in business and cryptocurrencies — with most of them coming from major business companies. I am confident that the Coincasso team has the experience to help the project run smoothly from the beginning.
PROTOTYPE
- Grade: 4/5
The beta launch of Coincasso exchange was done in Q4 of 2018. The exchange version 2.0 will be launched on Q2 of 2019. The rewarding of token holders will begin instantly alongside the launch.
COMPETITION
- Grade: 3/5
The major competition that Coincasso will face is mostly from established exchanges such as Binance, Huobi, and KuCoin. However Coincasso is targeting a different section within the market — the project is aiming to offer a customer-centric services that will ignite fresh interest from the cryptocurrency community. There is a lot of room for improvement in this space, and I am confident that Coincasso will be a great product if the team can deliver on their propositions and also conduct proper marketing
HYPE
- Grade: 2/5
Currently, the Telegram group of the project currently has below 2000 members and their Twitter has about the same number, which is very small. However, the presence on other social media channels is pretty good. And since the Coincasso team did partnerships with major companies, ICO sell is looking good..
Wrap up
- Grade: 4/5
Coincasso is a revolutionary exchange project with a well designed roadmap and big collaborations — If the promised timeline is implemented and followed properly, Coincasso could become one of the leaders among cryptocurrency
The crowdsale is active, to participate, follow the links below.
Official Coincasso community links
Web: https://coincasso.io
Telegram: https://t.me/coincasso
Twitter: https://twitter.com/CoinCasso
Whitepaper: https://coincasso.io/ENGLISH_CoinCasso_official_PLV1.pdf
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Glad to see a well thought out analysis on the project without shilling or drama. 100% upvoted Personally I don't pay much attention to hype. Some of the best gains happen in pojects with little hype. STEEM is actually a great example. We barely have any social media presence outside of our own social media ecosystem.
On the other hand ERC-20 is always a massive turn off for me. It uses the oldest technology in the smart contract world and it even has fees! Compare that with EOS.
I'm glad that you like you like the review @vimukthi. I do this on a regular, you can always stop by my blog for reviews like this.
You very correct here, a lot of good concepts have gone to become great products even without a good hype from the start, like you said, STEEM is a good example.
I can imagine why, 2018 was a very bad year for ICOs, plenty came and carted away raised funds and scam the community. The market was saturated with shallowly conceived ideas placed anchored on the Ethereum. I don't follow EOS much TBH, I hear raves about it though. Looks like Smtn I will give my time to next.
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EOS uses the same tech as STEEM but it's a general purpose smart contract platform like Ethereum and they have over billion USD for tech development.I think it was the world's largest crowdfunded project.
Great review. Personally, I am not much involved with Cryptocurrency exchanges since I stopped trading about a year ago but I would love to see the competition among these exchanges. After all, competition leads to better services provided to costumers :)
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You are correct @akomoajong. Real competition only makes things get better, better service to the customers like u said
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Sounds interesting but I don't really see the difference to existing exchanges.
There already a lot of existing exchanges and it's quite hard for a new exchange to get decent trading volume.
You are right @brammdal, there are a lot of them already. But the strategic deployment is what matters in attracting volume. Most successful top 10 exchanges have features that attract interest enough to drive volume. Picking the right projects to list their tokens is an important factor too. And adopting to change very quickly has been the success story of Binance. Coincasso aims to recognize the features that interest the community and implement them.
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Coincasso project is a successful project with objectives. I've heard about him through this article. I hope the Coincasso project will succeed.
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