Introduction
Global trading is no longer stuck in the past. Online traders with decades of financial award-winning experience have revolutionalized global asset trading through the creation of a cutting edge trading network—ThinkCoin.io. Based on its blockchain technology, ThinkCoin will be offering P2P multi-asset trading that will run through a hybrid network called “TradingConnect” In this article, shall be reviewing how the ThnkCoin TradingConnect work.
What is ThinkCoin?
ThinkCoin is a digitalized token utilized within a P2P ICO trading platform known as TradeConnect. The reason why TradeConnect was created is to provide room for users to utilize the security offers by blockchain technology to trade and manage any financial arrangement around the world securely. The ThinkCoin’s platform makes it possible for trades to be settled within seconds, and not in days. The platform will enable users to purchase an sell any asset from anywhere around the world.
TradeConnect incorporates a hybrid model that excludes intermediaries, allowing the processing of financial assets off-chain while using smart contract for the on-chain recording of trades.
ThinkCoins ICO tokens known as TCOs will start with a pre-sale ICO on March 26, while the main ICO will continue until the end April.
AIM
Think Coin aims to solve the above problems by creating the most sophisticated peer-to-peer trading network called Trade Connect. Trade Connect will enable you to trade any financial assets in the world.
The TradeConnect special software will allow individuals and institutions to trade directly with each other, which will lead to a balanced playing field where wholesalers and small traders can trade on the same footing. With ThinkCoin, all transactions are checked on a block chain, which means that completion can be completed in seconds rather than days.
The TradeConnect ecosystem will revolve around the use of ThinkCoin, which is described as "the digital commerce token underlying the TradeConnect network."
By using ThinkCoin, you can trade your forex, products, stocks and other financial products with your peers in a simple, safe, and easy-to-use way.'
ThinkCoin is the solution of the problem in today's financial asset trading market. The current issue of financial asset trading is:
- Increased costs in industry, creating credit, and financial risk due to too many intermediaries.
- Lack of flexibility making it difficult to transfer trades and meet the individual needs of every trader.
- The settlement takes too long, even days to confirm the transaction.
- Lack of transparency among traditional brokerage models.
How to Make Use Of ThinkCoin
When exchanging digital assets, there is a process you can follow to achieve the best. While trading digital asset on the TradeConnect platform with ThinkCoin, the steps include;
Step 1) The maker of the market offers a contract, and the other accepts the contract
Step 2) The platform matches both makers and takers together. After that, it executes the trade.
Step 3) A relay process is used for storing the offline transaction. Then, Trade Connect fee measuring 75% is allocated to the rebate pool consisting of both maker and taker.
Step 4) An oracle that is completely independent determines losers and winners.
Step 5) Transactions between the maker and the taker is automatically settled by a Smart Contract. This process includes 25% of the TradeConnect fee going to the market taker, while 50% goes to the maker. Another 25% goes to the network itself.
The Benefits of Using ThinkCoins
ThinkCoin as a platform offers the most accurate and fastest form of digital asset trading ever created. To ensure maximum security, trades are only provided in smart contracts. And to ensure faster speed of operations and execution of contracts, transactions are processed off-chain.
By utilizing the hybrid approach, the best of both worlds—digitalized asset trading and traditional fiat system—are realized, making the P2P more adaptable compared to before. The ThinkCoin revolution democratizes the digital trading process while improving the trading experience to another level.
Below are other benefits the platform brings with it:
• Brings efficiency and speed of execution to the process of trade settlement
• Stabilizing the trading process to minimize the trading risk
• Delivers transparent and flexible trading executions and implementation of contracts
• Allocate value among all participants in the network
Details of ThinkCoin ICO
Token sales of the ThinkCoin TradeConnects commences from March 26 to April 9, 2018. During this time, you can buy pre-ICO sale tokens at $0.21-$0.25.
From April 9 to April 27 will see the sale of the principal ICO. The token price would start from $.30 USD. The total number of TCO token that would be supplied is 500 million, out of which 60% are available for purchase during the pre-ICO and central ICO sales.
On the Ethereum blockchain, TCO tokens are marked as ERC20. Bith pre-ICO and main ICO have a $50 million hard cap combined.
Conclusion
Global trading has been in need of a democratization process, and that is precisely what ThinkCoin offers. The platforms provide users with the ability to trade in global marketplaces, conduct peer-to-peer transactions, together with the freedom to trade in seconds, as against days.
Learn more about ThinkCoin:
Website:https://www.thinkcoin.io/
Telegram:https://t.me/thinkcointoken
Twitter:https://twitter.com/ThinkCoinToken
Facebook:https://www.facebook.com/ThinkCoinToken/
Bounty Thread:https://bitcointalk.org/index.php?topic=3212613.0
ANN Thread:https://bitcointalk.org/index.php?topic=3077146.0
Hi Awwalcrypto, I would like to discuss our cooperation. Please contact me via [email protected]