COINCHUM: SIMPLY A BETTER P2P CRYPTO EXCHANGE BUILT BY EXPERIENCED TRADERS FOR WORLD’S UNBANKED PEOPLE

vine22 (33)in #vine • 3 years ago

INTRODUCTION
The crypto world has revolutionized the payment system; it has shifted us from the old and traditional ways of financial transaction to a secured and decentralized system. The introduction of some digital currencies such as Bitcoin, Ethereum, etc. has made wealth accumulation easily achievable and eases the method of payment across the globe. People are now creating value through blockchain technology. There exist several crypto platforms where people had actually derived satisfaction from, but in a bid to make the blockchain technology to touch and influence all area of human life.
Research has shown that traders are facing allots of threats from government of their countries, when it comes to trading bitcoin on different exchange, by not granting them permit to operate in that country, and also disenabling of fiat currency to their bank account.
For instance, what Nigeria government did to its traders, by disenabling the withdrawal and deposit of fiat currency. This decision that Nigeria government have took have made traders lost interest in taking part in the crypto world, because they can not be able to withdraw their trade to their bank accounts, and also can not be able to deposit fiat currency on exchanges to buy cryptos.
With these problems facing traders in the world of crypto, a great team has taken a bold step in developing a unique idea, that will help in solving these problems faced by traders. This team is called Coinchum.
CoinChum team has developed a platform, that is easy, fast, secure and trustworthy. CoinChum platform is a place that will the problems facing traders. Is a place where you can trade any crypto you want, with the peer-to-peer development you can be able to withdraw and deposit fiat currency to your bank accounts.
WHAT IS PEER-TO-PEER?
A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service.
WHAT IS COINCHUM?
Coinchum is a Peer-to-Peer marketplace with various cryptocurrency offerings, including Bitcoin, USDT, and Ethereum, XRP and the Chum token. Coinchum integrates web-based features with an intuitive interface that enables users to learn from education resources, as well as trade cryptocurrencies using advanced market tools that allow for the efficient monitoring and analysis of market trends. Coinchum is committed to working with investors to ensure that their interests are embedded in each stage of the business process

PROBLEM: LIMITED CHOICES ON CRYPTO COIN SELECTION FOR MOST P2P EXCHANGES. NO RISK HEDGING TOOLS.
Problem: Poor or non-existence customer service
Problem: Low wallet security
Problem: High fraudulent probability
Problem: Lack of crypto analysis tools
Problem: Lack of education
Problem: Inflexible fee structure
Problem: Lack of user voice
COINCHUM PLATFORM IS THE SOLUTION
An open voting system to let users suggest or even decide which coin to list. BTC/USDT or other binary trading pairs can be exchanged with low fees within the platform to reduce the risk of price fluctuation.
COINCHUM ECOSYSTEM
The RAM and data are encrypted in the SGX which protects them from any hack or malware attack, even if the hacker has overall control over the Operating System. 3rd Layer – Policy Engine This layer enables institutions and organizations to set their own approval policies for transactions, hence, it is called Policy Engine. The Policy Engine is also client-facing: it enables users to set their own rules and validation processes needed prior to transaction approval. 4th Layer – Settlement layer Since the deposit address’s authentication is automated, the settlement layer helps in mitigating risks by authentication rotation. This is very important as at stake here is institutional asset security.

COINCHUM TARGETS MARKETS WITH EXCELLENT FUTURE GROWTH

Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August of 2020, Kucoin exchange announced the addition of Nigeria’s Naira currency as a payment option. Similarly, Binance added Kenya’s popular mobile money service Mpesa to its peer-to-peer platform. Meanwhile in East Africa, Binance opened a subsidiary in Uganda and promptly signed up 40,000 users in its first week

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