The introduction of the blockchain technology and cryptocurrencies with its unique features some years back has brought about the integration of so many projects from different sectors of the global economy. Despite the disruptive features of this technology, the rate of adoption of the blockchain and the use of cryptocurrencies in real life has been relatively slow. One of the major challenges facing the mass adoption of this innovative technology is the right market place where these cryptocurrencies can be safely, securely and transparently Exchange either with another cryptocurrencies or with fiat currencies which is the main reason for the creation of THE COLLECTIVE Ecosystem.
In a bid to satisfy trader’s needs, a lot of Exchanges have been created both centralized and Decentralized, yet they are not able to completely solve the problem and offer traders unique trading experience. This is why the collective is designed as a multi functional ecosystem with unique features that will enhance a safe, secured, reliable crypto trading along with other benefits.
PROBLEMS WITH EXISTING EXCHANGES
i. Lack of Adequate security: traders lose their assets to hackers especially on centralized Exchanges where they control user’s passwords.
ii. High transaction fees: On some Exchanges the trading and withdrawal fees are outrageous.
iii. Complicated user interface: in most Exchanges only experienced traders are able to comfortably trade while newbies find it difficult to understand and trade on the platform.
iv. Low trading volume: traders suffer lose as the trading volume on some exchanges is relatively low.
v. No crypto Fiat trading pairs: In most existing Exchanges there is no Fiat to Crypto trading option.
THE REASON FOR CREATING CDEX
Recently, the decision of token listing and liquidity is controlled by a set of people who do not have the interest of the community at heart, but The Collective has created CDEX in order to transfer this responsibility to the hands of the community.
CDEX is a community driven project designed with the aim of giving back to the community through some loyalty rewards given to users who use
The Collective platform for trading. Also, Users who are qualified will be allowed to trade at a relatively low rate with high level of security and safety.
Good enough, The CDEX comprises of the two types of trading platforms which are Decentralized and Centralized. So a trader can choose which type of Exchange they prefer to trade on.
Nevertheless, the two different Exchanges have their advantages and disadvantages, but Decentralized Exchange has more advantages than Centralized in the area of security of Assets. In the Centralized Exchange the platform is controlled by a central body therefore every transaction has to pass through an intermediary and users’ assets are centrally controlled. This central control of assets leads to a general loss in the case of an attack by hackers and other cyber criminals.
However, in the Decentralized Exchange, users control and manage their private keys, therefore the rate of attack or theft on traders assets are reduced to the barest minimum. CDEX has got these two different types to give traders a unique trading experience as they choose to trade on the type of Exchange convenient for them.
CDEX DECENTRALIZED EXCHANGE
DIFFERENT PLATFORMS ASSOCIATED WITH THE COLLECTIVE
The Collective Go Video Game: this is designed to give opportunity for cryptocurrencies to be used in playing Games. With collective Go video games, users will have access to some interesting video games created by top video games developers who work in conjunction with The collective.
The Collective Global Initiative: this comprise of different services provided by The Collective platform .
CDEX Decentralized Exchange: this is designed as a trading platform with high security and trading tools. The Decentralized exchange will enable users to trade with confident directly from their wallets without interferences by intermediates.
4 Traderone Centralized Exchange: this is designed to be a unique, simple but sophisticated, secure and scalable Cryptocurrency Exchange with about 97% cold storage, 2FA and advance vault technology with other advance trading features.
SOME INNOVATIVE SERVICES OFFERED BY THE COLLECTIVE
Multiple platforms in one
Round the clock support and management services
Social media awareness: with consistent informative content stream the collective is able to promote social media awareness.
Management of Competitions and promos: The collective has all it takes to manage all competitions, launch parties, bounty programs etc.
White paper development: The collective provides white paper services to companies and also review existing white papers.
Community development: The collective knows the importance of community development to blockchain companies, therefore the take up that responsibility of helping these companies to build a strong community to boost their project.
Free listing: The collective offer free listing of tokens to their clients, rather than going to pay a huge sum as well as go through a lot of procedures to get a token listed on top Exchanges, CDEX provides an opportunity for new companies who are able to pass through their diligence process to get their token listed for free.
Supported wallets: the Decentralized nature of CDEZ allows users to trade their tokens from their wallets as CDEX is designed to support all major Ethereum wallets like Meta mask, Myetherwallet, Ledger mycrypto etc.
THE CDEX TOKEN
The Collective has designed a CDEX token as a utility token that will serve as a driver of the ecosystem , in a bid to offering a unified service and to help develop the Collective projects, the Team has launched an Initial coin offering program ‘
USE CASES OF CDEX TOKEN
CDEX will serve as a utility token on the collective platform to manage the different products such as:
- It will be used in running the CDEX decentralized Exchange
2 it will be used in managing the Traderone Exchange: it will be used in payment for trading fees. - It will be used in managing the CollectiveGo game product as all advertisement made concerning the Game will be paid with CDEX token.
- It will be used in managing the Collective Global Initiative as the main token.
- It will be used in paying for rewards and other incentives on the Collective platform.
BENEFITS OF CDEX TO USERS
As a holder or user of CDEX token, there are so many entitlements such as:
1 For holding CDEX, users will receive a 50% discount on transaction fees.
- Holders will receive other rewards and incentives.
TOKEN DETAILS
Token name: CDEX Token
Token symbol: CDEX
Token protocol: ERC-20.
Token price for ICO: 0.01 USD
ICO Goal: 20,000,000 USD
Token Max supply: 8,000,000,000
Tokens for sale: 2,000,000,000
CONCLUSION
The Collective is uniquely designed with multiple products with great potentials that will definitely transform the cryptoworld as well as attract more individuals as well as organizations to the adoption of blockchain and the use of cryptocurrency. The use of CDEX in the Collective Go video Game is a mind blowing idea that will encourage the use of CDEX token in real life. Also the CDEX Decentralized and Centralized exchanges which come with some unique features like Fiat to Crypto pair and other features that are rarely found in other existing Exchanges will not just made The Collective platform innovative, but it is a dream comes true to traders globally.
THE COLLECTIVE ROADMAP
THE COLLECTIVE TEAM
For more information and updates on this project please visit the links below:
Website: https://www.thecollectivegroup.org/ico/
White paper: https://www.thecollectivegroup.org/ico/WP_Collective.pdf
Teelegram : https://t.me/thecollectivego
FAcebook: https://www.facebook.com/groups/1176407375842141/
Twittter: https://twitter.com/TheCollectiveGo
Bountyox username: nesbee
Eth wallet :0xc75534DEd4fd4796aa215A96e8E89EC58DfCF78e