ThickCoin: Multi Asset Trading On The Blockchain

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Many people have interest in trading financial assets but they are discouraged with many challenges associated with it. Most of the market are dominated by financial instititutions like banks, brokerage firms and trading houses. These institutions have a lot of influence to manipulate the market for their own advantage . But I have good news for my readers, a project with experts who have decades of experience in the financial world is working to bring solutions to challenges asssociated with financial assets trading through the innovative technology of blockchain and smart contracts.

The ThinkMarkets group which is made up of TradeInterceptor, ThinkPrime, ThinkAfiliates and ThinkInvest has pooled its knowledge and resources to create the TradeConnect project. Together, they combine decades of global experience in financial products, excellent customer service and a large pool of tens of thousands of users around the world.

TradeConnect network will allow individuals and institutions to trade directly with one another on a balanced playing field with lower costs for all. Trades will be automatically settled on the blockchain, with recording and execution conducted off-chain to deliver the fastest service possible.

Source

The TradeConnect network aim to bring significant and lasting change to the trading of financial products by creating the first true multi-asset blockchain based trading network connecting individuals, prime brokers, corporations and brokers on an even playing field. It will combine transactions made on and off the blockchain, which will allow it to settle contracts faster than conventional trading and benefit from the trust inherent in distributed ledger technology.

How TradeConnect Will Work

There are three main points that will be critical to 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.

The TradeConnect trading software will allow individuals, and big players to trade directly with each other, this will create a level playing field for all traders regardless of their trading portfolio. Transactions on the platform will be done with ThinkcCoin(TCO)- the native utility token if the platform, and with this transactions will be excuted in seconds.

With ThinkCoin, you will be able to trade forex, derivatives, stocks and other financial products with other traders in a simple, secure and easy to use way.

Below are the steps needed to take in trading financial assrets on TradeConnect platform with ThinkCoin token

The Market Maker (‘Makers’) creates the terms of the contract to trade a particular financial product. The contract is signed offline via ethereum and is offered to the market. A ‘Maker’ could be any trading entity or individual.
Counterparties (‘Takers’) can browse the contracts that are being offered and can accept them by signing with their private key. The trading contract is then submitted to an oracle which will sign a contract result and submit it to the smart contract.
The TradeConnect Contract stores the locked ThinkCoin tokens which are being traded by the parties and settles the trades made off-chain. The contract is also the guard of the rules.
Relays are the off-chain stores of trading offers created by Market Makers.
Oracles deliver information and ultimately determine the contract result. In addition, the oracle submits the off-chain transaction to the smart contract.
When you trade using TradeConnect contract you will pay a small percentage amount on the trade in TCO, known as the Connect Fee. This is paid when executing a trade using the network and equates to similar fees and charges payable on trading, such as commission.

ThinkCoin(TCO) Specification and ICO Details

Whether you trade Forex (FX), commodities, shares or other financial products, ThinkCoin will let you do it and in a simple, secure and user-friendly way.

It is an utility token which will be used for all kinds of payment in TradeConnect platform, its value depends on how many trading activities going on the system, it can also be trade with other cryptocurrency peers on many crypto exchange platforms.

Token Symbol: TCO
Pre-Sale: 5th March - 2nd April 2018
PreICO: 3rd April - 18th June 2018
ICO: 25th June - 9th July 2018
PreICO Price: 1 TCO = 0.25 USD
ICO Price: 1 TCO = 0.30 USD
Prototype/MVP: Available
Total Supply: 500,000,000
Total Allocation: 300,000,000
Hard Cap: $30,000,000 USD
Soft Cap: $5,000,000 USD
Currency: BTC, ETH , BCH and Fiat
Country: Autralia
It is very important to let my readers know that the softcap for this project has already been raised and am optimistic that they will be able to reach hardcap before crowdsale ends.

Roadmap

TradeConnect Team

Strategic Advisors

Technology Team

Conclusion

TradeConnect is working to make financial assets trading accessible to anyone regardless of their geographical location and their investment port folio, financial asset is a multitrillion dollar industry and applying blockchain and smart contract technology to it is a good idea which is realistic. The project team and advisors is a;lso a positive part of the project. My verdict about this project is that it worth our support and it will be profitable for long term investment.