Basic Root Introduction: The success of a God-crypto; Bitcoin
Satoshi Nakamoto’s seminal Bitcoin white paper proposed a revolutionary new digital currency. But it was based on its predecessor Hashcash and the proof-of-work concept was originally proposed by Dwork and Naor in 1992 as a means of combatting junk email.
The Success of Bitcoin
More than just a white paper, “Satoshi” released the open source reference implementation in 2009. Because Bitcoin itself was more than just a white paper, but an actual working system, it was able to capture the imagination of developers and leverage the paradigm of open source software development to quickly iterate and improve into a global-class financial infrastructure.
More importantly, Bitcoin is an open system that allows for evolution through forking and as such provides an assurance of its long term trustworthiness. If stakeholders ever get upset with the direction of Bitcoin, they can and already have produced forks that users and miners can migrate to if they see fit.
But it had a problem - Going mainstream:
The biggest problem with Bitcoin at the moment is that it has not broken out into mainstream adoption. One study pegs the number of active cryptocurrency users to between 2.9 and 5.8 million2. This is why CadinEx proposes a solution for adding a billion users to the cryptocurrency movement by adding two key elements missing in order to provide significant adoption by mainstream users because we believe The next billion users have not yet entered cryptocurrency for two main reasons:
Complexity and extra-complications: Cryptocurrency suffers from complexity for the average user. Managing private keys, public keys, blockchain concepts — it’s all vastly out of the reach of the average user. In some cases the next Billion users may even barely be able to operate a smartphone.
Irrelevant Use cases: Today, the only thing you can buy with a cryptocurrency are other cryptocurrencies. The vast majority of people have no involvement with this process and no interest. Until the average user can use cryptocurrency to buy a bag of rice or a loaf of bread, the relevancy of cryptocurrency will be restricted to a small audience.
Regulators interference and other government barricading: Acquiring bitcoins isnt easy as it used to be. Exchanges getting hacked, too much data request from institutions, increasing mining difficulties and costly mining hardware prices, exit scams/phishing, etc.
The Solution:
This is why Cadin Exchange (CADINEX) was brought into concept and development. Cadinex is a revolutionary blockchain based decentralized network which with one vision of taking cryptocurrency into mainstream by erecting a standard secured medium of which cryptocurrency and fiats are channeled through one another without the need for trust or third-party interference between users by providing a set of secure line of network such as a secured escrowed P2P Bitcoin marketplace where anyone can buy and sell cryptocurrencies easily and safely with the use of their convenient payment method (Cadin Exchange) and introducing payment system (CadinPay) which will be consumerizing cryptocurrencies by enabling their use online through a virtual reloadable card and in retail Point of Sale (POS) through a mobile app and contactless payment card and offering of an AI-based Instant Credit system (CadinCredit).
Following in the footsteps of Bitcoin, Cadinex has the same properties of Real Implementation, Open Governance and Incentivization that allows for the rapid global expansion of the solution.
What does the Cadin Exchange offer?
Open governance and decentralization:
By releasing the full-stack reference implementations as open source and open specifications, we can enable ubiquitous distribution worldwide of the Cadinex protocols and ensure the rapid expansion of the value of the Cadin Exchange Services. The Network and it’s protocol will serve as just a field at which cryptocurrency users and lovers will be able to acquire, trade or spend their cryptocurrencies without the worries of third party interference or any government regulations or threat. A very decentralized ecosystem where users are truly free, secured, anonymous and own their assets.
Incentivization & Rewards:
The Cadin Exchange Service incentivizes participation through providing free instant virtual card to users in the initial target geography and sharing the networks revenue with entire users of the service while still reducing total usage cost of availing the services the platform renders. Users are incentivized to participate in the Cadin Exchange Service through accessibility and ease of use and the convenience of mobile payment.
With a solution that decreases complexity and adds relevance of cryptocurrencies to end users, we will see rapid mainstream adoption of cryptocurrencies and the merging of the crypto-economy (current estimated value in October 2017 of $170B) with the much larger mainstream economy (estimated value $214T).
THE CARDINEX ECOSYSTEM
The Cadinex Exchange ecosystem will comprise of four distinct services/platform; Which are The Cadin P2P exchange platform (Cadinex), A Payment processing platform (CadinPay), An investment Service (Attached to CadinPay), and A Financing service (CadinCredit: will be attached to the CadinPay platform)
Cadinex Exchange
This is the principal platform of the Cadin Exchange Network (CadinEx) and it’s a semi-decentralized peer to peer fiat/commodity-to-crypto exchange which eradicate the need for trust between trades partners by providing a secured escrowed P2P Bitcoin marketplace where anyone can buy and sell Bitcoin easily and safely with the use of their convenient local payment method making it easier for people even with the slightest knowledge of cryptocurrency fundamentals to access it usefulness. The platform works like an escrow service for digital assets where funds are stored securely for trades or possible exchange between individuals or businesses. Once a taker (buyer) meets with the maker (seller) and have agreed to trade terms, the system withholds the makers funds, and prompt the buyer to remit payment in the amount corresponding to the agreed sum using the selected payment method specified by the seller. And upon receipt and confirmation of the payment by the maker, the smart contract releases the funds to the taker and everybody is comfortable. In case of any issue, users can start a live chat with a friendly support administrator and get their questions answered and issues solved quickly.
Cadinex will be the meeting point for buyers and sellers in the cryptocurrency world.
Cadinex Features
Real-time Trade Settlement via automated smart contracts and a fully secured QRLO (Quantum Resistant Layer Oracle) technology:
Trades are monitored, secured and settled by smart contracts ensuring a smooth and trust-less, error-free exchange between trade partners.
Multiple cryptocurrency support: The platform will support more than 10 cryptocurrencies and offers various payment option so buyers can pay with their most convenient payment method.
Revenue-sharing platform: Cadin coins holders will be able to pay transaction and trade fees at a 50% discount as well as being qualified to receive a certain percentage from the company’s monthly revenue.
CadinPay
CadinPay is a revolutionary peer to peer digital payment processing platform that will foster cryptocurrency grassroots adoption among many millennials. Since the world is advancing towards digital Cash remittances, CadinPay will provide a secure, reliable and low cost P2P money transfer system leveraging the blockchain technology.
With CadinPay, it will be possible to purchase a loaf of bread from a local vendor or merchant using cryptocurrencies, obtain loans or credits with no paper works or credit check (CadinCredit), and even more interesting, invest In varieties of digital assets all without hassles of monitoring and complex management (CadinInvest).
CadinPay will provide the flexibility and liquidity to convert crypto to fiat at the push of a button! We want to create an ecosystem where users just need to focus on getting the best out of their digital assets by making purchases whenever and wherever, earn profits from their investments, all within one platform.
CadinPay Features
International Debit Cards (Planned):
We will issue a proprietary physical and virtual debit cards which will enable our users to have easy access to their funds, accessible just about anywhere debit cards are accepted, plus they can withdraw cash using a global ATM network partner.
Multi-Currency support:
Providing a Convenient anytime access to use any currency of choice, whether it be Bitcoin, Cadin tokens, or any other currency supported by our system.
Borderless and low cost transactions:
Customers will be able to conduct real-time international money transfers, anywhere in the world, within minutes using our real-time blockchain payment settlement platform.
CadinCredit
CadinCredit is a service of The CardinPay global blockchain payment and remittance platform working to enable consumers, businesses, banks and governments to benefit from their cryptocurrency holdings and the blockchain economy at large by Providing an instant crypto credit line with no hassles, paperwork/credit check. and sound methods to manage, hold, and capitalize on cryptocurrencies.
CadinCredit Features
Live Automated Platform
CadinCredit will have a fully operational instant lending platform with seamless user experience and military-grade security with 256-bit encryption.
Insured Custodian
CadinCredit will partner with bitgo to secure all crypto assets. BitGo is insured by Lloyd’s, backed by Goldman Sachs and is CCSS Level 3 and SOC 2 compliant.
Regulatory Compliance
CadinCredit will be using Verif INC to adhere to the strictest KYC and AML global compliance standards. Verif is also trusted by other big companies like Luno and Dock.io.
Easy management
The platform will be user friendly with Users whenever needing to secure loans will only have to Deposit Crypto Assets to Their Secure CadinCredit Account. Crypto assets are secured by renowned SEC-approved custodian BitGo. .
Upon depositing Users will Receive an instant flexible credit line in their fiat wallet using our fully automated process.
Users can then Spend Money Instantly by Card or Withdraw to Bank Account. Users can Spend from the credit line at any time. With our ever low 8% per year APR on credit usage. No Minimum Repayments, No Hidden Fees. Interest is debited from user’s available limit. Repayments can be made at any time.
The rest of the CadinEx Ecosystem:
The Cadin Exchange goes further to provide more the above mention services and protocols. It still offers some distinctive services such as the CadinCredit and Cadinvest. This is part of the CadinEx ecosystem and a service that allows users of the platform to secure cash loans with their crypto assets without worry of getting stuck in over-high APR rate or any credit checks involvement.
The cadinvest feature (which will be a part-service of the CadinPay), will allow anyone even the crypto newbies to invest their spare change or even bulk funds into diversified crypto baskets. The investment will be monitored by AI powered algorithms which will tightly have a close markings on the cryptocurrency market performance and movements.
Profits derived from the price movements of these cryptocurrencies can either be kept as a different returns on the user’s wallet or reinvested into the basket as optionally wished by the user. These feature are part of a carefully planned services which will be added to the Cadin Exchange network after the principal platform has been launched.
The CadinEx Platform Fuel
The Cardinex will be a platform built on Ethereum network and on top bitcoin blockchain as a hybrid Semi-decentralized OTC exchange and using an oracle to fully interconnect other CadinEx service to run on a single protocol. For these reason, the platform will be fueled by a native cryptocurrency; The Cadin Coin, which will be an ERC20 standard token on the Ethereum blockchain. This token will serve as the basic necessity to use the platform and to avail all the full potential of the CadinEx network. The Cryptocurrency will be minted in a limited supply and stand as a discount and dividend token which will be utilized to drive the ordinary people as well as all crypto fans more nearer to cryptocurrencies through incentives and a remarkably open network and governing system. To make the platform a fair and stick to its opennes, CadinEx will not be offering any public sales of the Cadin Coin. The coin will instead be giving freely through series of airdrops and bounty campaigns to those who help develop the platform and those who bids early support by becoming a member of the community which we planned to be one of the largest cryptocurrency communities as we will be serving not just one or two regions, but every location where crypto, payments, credits or crypto investment are in thoughts.
The launch of CadinEx
The project is still at development phase and the beta platform will be rolled out in the next couple of months to allow the public to test what we have built to make acquiring and accessing cryptocurrency more friendly and intuitive. Announcement regarding this will be made across all our channels when the time comes. Our official pages and channels are listed below.
please follow us on our official pages to stay updated on news and information about the CadinEx project and our upcoming community airdrop.
Official channels:
Twitter: https://twitter.com/cadinexchange
Telegram: https://t.me/cadinex
Linkedin: https://linkedin.com/company/cadinex
Github: https://github.com/cadin-exchange
More information about the project can be learned from our:
Official website: https://www.cadinex.com
The project whitepaper
More news regarding the project will be published soon.
THE CARDINEX AIRDROP
CadinEx currently have an airdrop event where each and every of their community members are going to be rewarded a minimum of 2,500 and up to 50,000 Cadin coins depending on the tax they completed. To sign up for the airdrop, please use this link: https://www.cadinex.com/airdrop
Source: Medium.com/@cadinex
Disclaimer: I am in no way affiliated with CadinEx or its team or any of their organisation. Please make you own due diligence before investing in any ICO.