ThinkCoin, or TCO, is a digital currency designed for use in the upcoming ThinkConnect trading platform. ThinkConnect strives to democratize trade using hybridized centralized / decentralized models: ThinkConnect will match market makers with market-makers, then complete off-chain transactions while recording on-net transaction data in smart contracts.
Some of the key benefits of this platform include the ability to trade any financial assets in the world, the ability to trade among colleagues in the global market, and the freedom of completing trades in seconds - not days.
What Is The ThinkCoin Thinking Problem To Solve?
ThinkCoin seeks to resolve all issues in today's financial asset trading market:
Too many intermediaries increase costs across industries, creating credit and financial risk
There is a lack of flexibility, making it difficult to transfer trades and meet the individual needs of every trader
Completion takes too long; the old institution may take days to confirm the transaction
There is a lack of transparency among traditional brokerage models
How Does Trading Cipto ThinkCoin Blockchain Asset Trading Work?
ThinkCoin aims to solve the problems listed above by creating a state-of-the-art peer-to-peer trading network called TradeConnect. TradeConnect will enable the trading of any financial assets in the world.
TradeConnect's bespoke software will allow individuals and institutions to trade directly with one another, leading to a balanced playing field where wholesalers and merchants can trade as equal. With ThinkCoin, all trades are verified on blockchain, which means settlement can be completed in seconds - not days.
The TradeConnect ecosystem will revolve around the use of ThinkCoin, described as "a digital commerce token that supports the TradeConnect network."
By using ThinkCoin, you can trade forex, commodities, stocks, and other financial products with your peers in a simple, safe, and easy-to-use way.
ThinkCoin is listed under the TCO symbol. You can purchase TCO during pre-ICO and ICO companies. They sell TCO in exchange for fiat currency and currency cryptocurrency. After token sales, TCO will be available for purchase from various exchanges.
Alpha TradeConnect is scheduled to be released in April 2018. By the end of the year, TradeConnect aims to have received approval to operate as a licensed exchange in the United States. In July 2019, the company aims to hold an IPO (yes, IPO and not ICO).
How to Use ThinkCoin
This is the basic process when exchanging digital assets in the TradeConnect network using ThinkCoin:
Step 1) The market maker offers the contract and the market maker takes the contract
Step 2) TradeConnect match makers and mutual takers, then run trades
Step 3) Offline transactions are stored by relay, with 75% of TradeConnect fees allocated to maker and rebate pool taker
Step 4) An independent oracle determines win or lose
Step 5) The smart contract automatically completes the transactions between the maker and the taker (50% of TradeConnect fees go to the market maker, 25% to the market maker, and 25% to the TradeConnect network)
Benefits of ThinkCoin
Overall, ThinkCoin strives to offer the fastest and most reliable trade. Trade is recorded in smart contracts for maximum security. Transactions are processed off-chain, however, for faster speeds. The hybrid approach "delivers the best of both worlds", explains ThinkCoin whitepapers and makes peer-to-peer trading more adaptable than ever. The platform aims to democratize trade while enhancing trade experience. Other benefits include:
Reduce your opponent's risk by stabilizing the trading process
Provide flexible and transparent trade execution
Bringing speed and efficiency to the process of trading settlement
Share values among all network participants
Who's Behind ThinkCoin?
ThinkCoin is created by ThinkMarkets Group, the company responsible for online products and services such as ThinkPrime, ThinkAffiliate, and ThinkInvest. The company was founded as ThinkForex in 2010. In 2017, ThinkMarkets acquired TradeInterceptor, "the world's most sought after trading app". By launching TradeConnect and ThinkCoin, the company plans to continue to increase its portfolio of digital products and services.
Key members of the team include Nauman Anees (CEO and Founder), Faizan Anees (Director and Founder), Rodolfo Festa Bianchet (CEO and Founder of TradeInterceptor), Michael Herron (Strategic Advisor), and Adil Siddiqui (Operations Director).
ThinkMarkets Group is registered in Bermuda, although the company's global headquarters are in Australia. ThinkMarkets Group also has offices in London, Bulgaria, Dubai, Shanghai, Shenzehn, Vietnam, Greece, and Spain.
Details of TCO ICO ThinkCoin
ThinkCoin token sales begin with pre-ICO from March 26th to April 9th, 2018, where you can buy tokens for $ 0.21 to $ 0.25 USD.
The main ICO, meanwhile, is scheduled for April 9 to April 27, where tokens are priced at $ 0.30 USD.
There is a total supply of 500 million TCO tokens. Of the total supply, 60% (300 million) is available during pre-ICO and ICO combined.
TCO Token is the ERC20 token on the Ethereum blockchain.
There is a hard stamp of $ 50 million for a combination of pre-ICO and ICO.
To find more relevant details of the current Thinkcoin project please follow the following links:
The bitcointalk name: Aray80