Thinkcoin: Trading with newage Technology

in #blockchain6 years ago (edited)

97FFF6E9-602B-470C-B4E2-CF180B2C8420.gif

The financial services industry consists of diverse businesses that manage money. This is mainly dominated by credit unions, banks, stock brokerage firms, insurance companies and many others. As a multi trillion dollar industry entrance of new technology is needed to balance the undue influence of the giants in the industry on global asset prices.

TradeConnect is a trading network with new technology that will change trading leveraging on blockchain. THINKCOIN is the digital token that would be used to trade on the network. All participants of the network must have Thinkcoin to trade.

The problems of the financial services industry are apparent, how then will TradeConnect work in other to solve these problems.

TRANSACTION SPEED, LIQUIDITY AND USER BASE
The success of Tradeconnect is based on the number of participants, how liquid the network is to ensure instant matching of transactions and speed at which the transactions are concluded.

HYBRID APPROACH TO BLOCKCHAIN
Putting into consideration the limitations of blockchain as regards to speed the following approaches are been used to enhance the functionality of the network.

a. OFFCHAIN TRANSACTIONS
Participants would be required to initially lock an amount into an ethereum trading account then store all trading contracts off chain on the TradeConnect network. This will give near instant results and the profit and loss can be aggregated as a bulk transaction and netted off at once.

b. POST TRADE LEDGER
The volume of the network is expected to grow and as such there will be a great dependency on verifying the actual processed. TradeConnect will launch a private blockchain ledger driven on a consortium model.

THE SEARCH FOR TRUTH

Cryptocurrency and FX markets are fast moving and perceptions of risk and volatility can make prices erratic which might not ultimately be to the benefit of the trader. A fair market will be created by allocated a mid market price to oracles will set the mid maker that others will trade by.

TRADECONNECT NETWORK OVERVIEW

BD5A79F6-970F-4DEA-9AEF-6FF0BA4763C5.png

NETWORK ROLES:
There are two roles in the Tradeconnect network are Subscribers and Providers.

The Subscribers are:
Market Makers ('Marker')
To trade a financial product on the network, Makers create the terms of the contract.

Counterparties: ('Takers') :
They browse through contracts that are available and accept them being signing with their private keys. This is then submitted to an oracle which signs and submit it to the smart contract

Types of Providers:

  1. TradeConnect Provider: stores the locked Thinkcoin token and settles the trades made offchain
    2.Relays: they store trading offers created by Makers offchain
  2. Oracles: deliver all information and determine the contract result by submitting the smart contract. Likely oracles include Bloomberg, Thompson reuters, Cbonds, Fidessa, Interactive Data, Markit, Morning Star, S&P, Six financial and all major networks worldwide.

LIQUIDITY - Achieving scale using the Connect Fee

Trading on the network will attract a percentage of the total contract paid in Thinkcoin(TCO) this is called Connect Fee which is basically commission on transactions carried out. A part of the fee will go to Makers as incentive while a proportion will revert to Tradeconnect to help develop and build a better network for all participants

SMART LIQUIDITY MATCHING AND ARTIFICIAL INTELLIGENCE (AI)

The network will solve the problem of traditional financial system of matching by drawing on the decades of experience of ThinkMarkets group which would allow them create complex scoring models that will tag each subscriber on the network with various scores. The unit of the scores will be called personas.

PROPOSED PERSONAS
This is an algorithm that takes into consideration subscribers interaction with the network so that it can match your transactions as quickly as possible and at the right price.

The Tradeconnect team and advisors have a track record of success and the expertise to use the opportunities arising from cryptocurrency and blockchain ledger technology to revolutionise the financial services industry.

TOKEN INFORMATION :
Name: ThinkCoin
Symbol: TCO
Token Type: ERC-20
Price: $0.3
Type: Utility
Total Supply: 500 billion
Pre ICO date: 3rd April - 23rd April(45% Bonus)
24th April - 18th June (22% Bonus)
ICO Date: 25th June - 9th July

For more information on ThinkCoin, please visit:

Website: https://www.thinkcoin.io/
Whitepaper: https://docsend.com/view/5rxxi9c
Telegram: https://t.me/thinkcointoken
Facebook: https://www.facebook.com/ThinkCoinToken/
Twitter: https://twitter.com/ThinkCoinToken
ANN thread: https://bitcointalk.org/index.php?topic=3077146.0
Writer’s bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=2110087;sa=forumProfile
Writer’s username: Lyndieline

Sort:  

@lyndieline, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!

Please also take a moment to read this post regarding bad behavior on Steemit.

Congratulations @lyndieline! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last announcement from @steemitboard!

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.040
BTC 70446.49
ETH 3571.68
USDT 1.00
SBD 4.73