crypto

A Breakdown of the ThinkCoin Whitepaper Pt 6/6 FUTURE DEVELOPMENTS Introducing wallets With many opportunities to partner with other companies that share the same ideology in a bid to add both cold and hot cryptocurrency wallets to services offered. These will give storage solutions, a situation where cryptocurrencies are stored safely on devices regardless of whether there is an internet connection or not. But before this is put into use, soft wallets will be utilized, here, an application will be used instead of hardware, and this application will act as a door into the crypto world for users. Trading with StableCoins ThinkMarkets is a financial institution that can safely keep clients’ money. This development will, therefore, make it possible for TradeConnect to introduce StableCoins – tokens that will either be pegged to fiat currencies or share their characteristics. These could be used for buying and selling, for fiat currencies and it can be minted. E

A Breakdown of the ThinkCoin Whitepaper Pt 5/6 Introducing ThinkCoin ThickCoins (TCO) are virtual money token that will be issued by TradeConnect , during initial coin offering (ICO). An initial coin offering (ICO) is done because of the following pertinent reasons. First, an initial coin offering will get worldwide reach as participants from all over the world will be able to join the network, it will also serve as an incentive that will make them promote the TradeConnect network through affiliate commissions. Second, after the initial coin offering, tokens can be traded on different networks, this gives the TCO liquidity. In addition to this, Participants will be able to buy and sell their tokens on different exchanges around the world increasing the reach of the network. Lastly, and most importantly, plans are in motion to level the playing field and an ICO is the first step in that direction: TCO tokens will be used to buy and sell a wide range of financia

A Breakdown of the ThinkCoin Whitepaper Pt 4/6 TRADING ON THE NETWORK Trade matching This trading method is the simplest on the network: it works by bringing together two participants with equal stakes during buying and selling. Case study Customer A , a member of the TradeConnect network converts some BTC to TCO through an exchange and is willing to trade. A takes a look at the network and sees some markets that are available and decides to offer the market a long trade on FTSE with $200. The artificial intelligence guiding the system matches customer A with another user of the network (hereinafter called B ). When B accept the trade (as Market Taker) and sends $202 of TCO to the trade smart contract stored on the blockchain: $200 as taker’s trade and $2 as the Connect Fee. Pending the conclusion and settlement of this trade, these amounts are kept in the network in the smart contract. A fall in the price of the FTSE makes customer A to lose the $200,

A Breakdown of the ThinkCoin Whitepaper Pt 3/6 Success Determinants The success of the TradeConnect network is dependent on: ·          The user base of the network ·          How fast the transactions are settled ·          Maintaining an optimal liquidity that will ensure all transactions are executed and matched instantly. Hybrid Approach The blockchain has its own limitations that will affect the success of transaction done on the system. Assuming each buying and selling is giving a contract on the blockchain, a large number of transactions done using ethereum will be needed regardless of the fact that the trade was accepted by the counterparty . This approach described above will lead to delays in the whole system, therefore, increasing the time before a transaction is completed. Transactions Off-chains Tradeconnect proposes a way of overcoming these challenges that pose a threat to swift transactions on blockchain and this solution involves the cr

A Breakdown of the ThinkCoin Whitepaper Pt 2/6 The TradeConnect Economy Users of the TradeConnect Network that want to buy and sell on the network and have unrestricted access to all available features on the platform will need to have ThinkCoin tokens. These tokens are the unit of buying and selling in the new economy. Traders can buy and sell on this network when they transfer fiat currency or other cryptocurrencies into TCO, this will give the traders an opportunity to buy and sell on the different markets available on the network. TradeConnect Token Economy The network structure will give chance for a diverse token economy that is not based on commissions alone but on various models that are market-neutral. The revenues are primarily generated through Connect Fees, Margin Lending , the sale of Digital Personas and Token Listings. Connect Fee Offering all participants in a market a level playing field, to show fairness and transparency is the most beneficial

A Breakdown of the ThinkCoin Whitepaper Pt 1/6 Status Quo Banks and other financial establishments dominate the financial markets all over the world, some of these dominating establishments have an unnecessary influence on the price of assets all over the world, they also lack transparency, and charge customers unfairly. New technology gives the opportunity to deliver equality and better transparency to all participants in the market. Other advantages of the new technology (blockchain) over financial institutions include the following: ·          Presence of transparency during buying and selling ·          Settlement of trades and funds are faster ·          There is flexibility when transferring trades The Change A brilliant and innovative multi asset buy and selling network that will change trading and treat all participants fairly. The network will be referred to as TradeConnect . Individuals and institutions on this network will be able to trade directly w