A Breakdown of the ThinkCoin Whitepaper Pt 1/6


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 with each other at a reduced cost. Buying and selling will be settled automatically on the blockchain and swift execution and recording are carried out off –chain bringing a change to trading conducted by banks and other financial institutions.

ThinkMarkets: Change agents
The company has been able to grow its revenues all over the word with at least a 20% addition annually, all this without outside help. A global financial services firm, they are plans in motion with the aim of making the establishment the leading provider of blockchain-based buying and selling solutions. Trade interceptor is a mobile buying and selling app that has been available for close to ten years with over 500,000 registered users. The tradeconnect network will leverage on the trade interceptor user interface to give the network firm roots.  The vast experience and knowledge give the administrators an edge in the extension and expansion of the TradeConnect network.

How derivatives work
In theory, derivatives are defined as anything two parties are willing to buy and sell from each other. The value of the product being traded will determine the contract and sometimes the product is never delivered physically, that is the contract may be settled with cash. Contracts like this can be quite simple on one hand and too complicated on the other but they share similarities despite their disparity. TradeConnect’s goal is to change the way this marketplace operate by applying the latest buying and selling technology and eliminating the middle men that have undue influence on the market.

Market Size
The market's size is very encouraging because there are tens of billions in traded volume daily; there is a big chance for TradeConnect.

Current market challenges
·         It is not easy for participants to buy and sell without involving a third party, limiting the marketplace. TradeConnect will give individuals the opportunity to buy and sell within themselves, totally removing brokers from the picture.

·         Lack of integrity and trust, clients need to trust their brokers when buying and selling. While most brokers follow the normal procedures during trading, some others are dishonest. Twisting the rules and regulations of the present marketplace to their own advantage for personal gains.

·         Managing client money, clients have to deposit their funds with the broker and hope they are no mistakes when handling the funds leaving the clients at the mercy of many unregulated brokers that fail to provide adequate protections for their clients. Participants do not have to be bothered about the settlement of funds or their money being used up by a broker when using the TradeConnect network because all assets are verified on the blockchain with the use of TCO.

·         Inefficient payment and settlement, trade settlements take a lot of time in the current design of investing, buying and selling. The financial establishment also experiences collapse or failure in operation, this collapse mostly lead to individuals losing all their money. Buying and selling on blockchain via the TradeConnect network with TCO as a method of settlement will reduce the risk of clients losing their money due to collapse.

·         Lack of transfer-ability, when a broker is involved in buying and selling, the derivatives from the trade might not be transferable. The terms of the contract are solely between the broker and the client, reducing the potential for the trade and increasing costs. This reduces flexibility because it is harder for participants in the market to transfer positions or trades. The new technology will bring a new look to the system as it allows its users to buy and sell from other users on the network, giving them the opportunity to transfer their positions any time they want.


Check out the ANN page here and website here 
Personal Bitcointalk Profile

ความคิดเห็น

แสดงความคิดเห็น

โพสต์ยอดนิยมจากบล็อกนี้

What is Traxia - The Actors

What is Traxia - The Actors This is not investment advice or endorsement of Traxia. All quotes not annotated come directly from Traxia’s whitepaper.  There are 6 different actors within the Traxia ecosystem. Each has a specific role and together will show the potential of this company. We will go through them one by one.  Actor One – The Seller: This is where the ecosystem begins. A Seller is a company that has been hired to complete a project and wishes to increase its cash flow by selling the current project’s invoice. Traxia suspects that most of the Sellers will be SMEs (small and medium sized enterprises) but they don’t dismiss the possibility of larger corporations wanting to use the ecosystem. Actor Two- The Buyer The Buyer is the company which created the purchase order from the Seller, ie. They hired the Seller to make a product. This is often a large corporation with better credit ratings than the Seller. The Buyer adds value and trust to the contr...
อ่านเพิ่มเติม

What is Trade Financing - Traxia ICO

รูปภาพ
​ ​ ​ S M XL L ​ Many companies who experience cash flow difficulties turn to factoring as a short-term solution. This process allows them to sell their invoice at a discount to a third party and receive an advance on the invoice within one to two days for immediate use in the business, instead of waiting the 30 to 90 days it may take for their customers to pay outstanding invoices. What is Factoring? Factoring is not a new concept, it has been used for centuries, and there is even some evidence of it dating back thousands of years but this has not been confirmed. Factoring sells an invoice or invoices to a third party, in Traxia this is the Investor. Tradionally the Investors takes responsibility for collecting on the invoice, using the receivable as collateral. However, with Traxia this is handled by Liqease. In exchange, they charge a percentage of the total amount owed on the invoice. Invoice factors are comprised of three parts: the advance, the discount ...
อ่านเพิ่มเติม