THINKCOIN : TRADING ON THE BLOCKCHAIN
trading·@kunscrypto·
0.000 HBDTHINKCOIN : TRADING ON THE BLOCKCHAIN
 TradeConnect is a multi-asset blockchain-based exchange that will allow investors to trade a wide range of financial products such as cryptocurrencies, equities, FX, commodities and more. TradeConnect will fill in the gaps found in global financial markets serviced by numerous independent providers that only deliver a narrow range of financial products, becoming the leading trading network for a wide range of products not found on traditional crypto exchanges. TradeConnect’s primary goal is to become the world’s largest multi-asset blockchain-based trading network. In order to achieve this goal TradeConnect will create a trading economy with the ThinkCoin token (TCO) used as a means of payment to trade financial products, grow the liquidity pool in the network and scale transactions. **CURRENT MARKET CHALLENGES** - No cryptocurrency-based accounts : Trading is currently dominated by brokers and counterparties with whom individuals are obliged to open a fiat currency-based account to start trading. Individuals cannot easily shift between trading CFDs and crypto markets without having to move to another account, incurring fees and the opportunity cost of delays in settlement time as they move their funds. TradeConnect will allow individuals to trade from one secure wallet on the blockchain, transforming the way individuals invest their money and trade. - Liquidity and Inefficient Pricing : There is a lack of liquidity in markets when they are volatile or if rapidly-developing news move markets fast. Naturally most liquidity providers and exchanges become latent in their prices and suffer from liquidity gaps. TradeConnect’s trading model is designed to avoid this by creating a unique trade scoring system that facilitate liquidity for users, a scalable connect fee model, a risk based approach to margin lending and a private consortium-based blockchain ledger open to participants in the network for full transparency. - Lack of trust and integrity : Trading with brokers requires clients to trust in their integrity. While many brokers are properly regulated, others may not be. There are also significant disparities in rules and regulations between jurisdictions, and potentially significant conflicts of interest for the broker to manage. - Managing client money : Clients are required to deposit their money with the broker and rely on them to hold it segregated from their own and in trust for the client. Such requirements vary by jurisdiction and many unregulated brokers do not provide adequate protection to their clients. By using the TradeConnect network and with all assets verified on the blockchain using TCO, participants do not have to worry about settlement of funds and their money being sent to a broker. - Lack of transferability : Trades with a broker may not be transferable. The contract terms are written solely between the client and the broker, limiting the trade’s potential and increasing costs. This makes it harder for traders to transfer positions or trades and reduces flexibility. Our new trading technology will change that by allowing users to trade with other users on the network and transfer their positions at any time. **TradeConnect SOLUTION** - Reduced Fees With Blockchain Technology : TradeConnect connects traders to a global digital trading pit, where the only commission paid is a connection fee, where traders receive rewards in return for adding liquidity in the system. - Cutting Edge Artificial Intelligence : The innovative technology in TradeConnect will lead to a network with a level of flexibility the markets have never seen before. Digital Personas and unique cutting edge AI are just the beginning. - Direct Trading Without Intermediaries : TradeConnect will allow individuals and institutions to trade directly with one another, taking out intermediares and creating a balanced playing field where players large and small trade as equals. - Full Transparency On Blockchain : Blockchain participants will have full access and direct control over their funds and assets. Every contract is verifiable on the network and automatically settles. **How TradeConnect Will Work** - Transaction speed, liquidity and user base : There are three factors that will determine the success of the TradeConnect network: -the number of participants in the network, -the speed at which the transactions are confirmed -the maintenance of enough liquidity to ensure all transactions are matched and executed instantly. Trading, participants and therefore liquidity will be incentivised by the Connect Fee. - A hybrid approach to the blockchain : The blockchain has certain limitations that could make delivering these guarantors of success difficult. If we assume each trade is offered as a smart contract on the blockchain, a significant number of ethereum transactions would be required regardless of whether each trade is then accepted by a counterparty. This approach would cause significant delays across the whole ecosystem and cause transaction times to expand significantly. - Off-chain transactions - aggregation and netting : To overcome these challenges, we propose creating and initially storing trading contracts off-chain on the TradeConnect network to settle the majority of the price-making and liquidity-matching transactions near-instantly. Once these transactions are settled offchain, the profit and loss are aggregated as one bulk transaction onto the ethereum blockchain and then netted out. Before trading begins, the participants will be required to lock an amount into an ethereum trading contract. The parties can then only trade their account balance. - Post-Trade Ledger Private BlockChain Ledger : A Hybrid Approach to Centralized Trust As the volume the network grows we anticipate there will be a greater dependency on verifying the actual process of the connect fees, persona auctions, margin lending pools, distribution of the connect fee rebates from the maker/taker pools, and more. The post-trade ledger will store the trade history, connect matching data, digital persona data and other trading schematics that will be captured prior to submission on the blockchain. This will allow participants to verify not only the data in their trades but the various fees, distributions, and liquidity makers involved in the trade. **TradeConnect Network**  TradeConnect will deliver: - The ability to trade any asset in the world - stocks, precious petals, commodities and foreign exchange (FX) - with cryptocurrencies such as BTC and ETH. - Daily rebates for each trade on the network distributed to all buyers and sellers based on their volume. - Advanced AI trade matching using Digital Personas, our proprietary scoring model. - Holding of tokens incentivised with monthy redemption of staking contracts to those with holdings above a certain threshold. **The TradeConnect Economy** TCO tokens are classified as utility tokens. Participants in the TradeConnect Network that wish to trade and use all its features will need to hold ThinkCoin tokens. These are the units of trade in our token new economy. By transferring fiat currency or other cryptocurrencies into TCO, traders can trade in the various markets offered on the network. The value of the trade is held securely in an Ethereum smart contract and is settled and released directly back to the participants wallet automatically upon determination of the trade. **TradeConnect Token Economy** TradeConnect has a token economy that is marketneutral and, unlike other exchanges and principal market making brokers, is primarily based on transactional volume vs “risk taking”. The structure of the network will allow a diverse token economy based not just on commissions, but a variety of market-neutral models based on the growth in volume versus the market risk in the network .  **Token Economy Benefits** - For Traders Rebates paid out in proportion to trading activity. Access to personal trading behavior analytics to improve trading performance. Access to market trends and activity to support advanced traders in making markets. Access to margin lending. - For Longer-Term Token Holders (Stakers) Receive a % of network revenue based on token holdings. The most beneficial way to serve the trading community is to bring all participants together on a level playing field and with maximum transparency, while rewarding those participants who bring the most value to the network. **Token Details** Name : ThinkCoin (TCO) Total Supply : 500,000,000 Total Allocation : 300,000,000 Token Price : 0.3 USD Hard Cap : $30,000,000 USD Soft Cap : $5,000,000 USD Currency : BTC, ETH , BCH and Fiat Pre-ICO: 3rd April - 14 May 2018 ICO: 15th May - 25 May 2018 **Token Allocation** TradeConnect will issue the tokens in two stages: - A Pre-ICO to enable early development and engage participants - The ICO itself to enable the systems and structures to be built In addition to these stages of token issue, 1% will be retained to be used as bounties during the pre-ICO and ICO; 15% will be allocated to management, employees and advisors to reward and incentivise; and the final 24% will be retained for future use, such as a building liquidity pools for significant participants.  **Pre-ICO and ICO** The base price of TCO tokens will be $0.30 USD Our Pre-ICO will have two stages, with a different bonus during each period: - Phase one: 3rd - 23rd April 2018: 45% - Phase two: 24th April - 18th June 2018: 22% In case not all 60% of TCO tokens available at the Pre-ICO and ICO stages are sold, the remainder will be burnt in order to maintain the distribution as specified above. **RoadMap**  **Team**  For more information about this project visit : - Website : https://www.thinkcoin.io/ - ANN Thread : https://bitcointalk.org/index.php?topic=3077146.0 - Whitepaper : https://docsend.com/view/gkmmze3 - Telegram : https://t.me/ThinkCoinToken - Twitter : https://t.me/ThinkCoinToken - Facebook : https://www.facebook.com/ThinkCoinToken/ Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2038051
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