Overview
ThinkCoin is offering a multi-asset trading platform over a hybrid network is called TradeConnect. TradeConnet is using a cutting-edge trading network based on blockchain technology. They will allow traders to trade any financial asset instantly and without any middlemen or intermediaries. They allow investors to trade a wide range of financial products such as cryptocurrencies, equities, FX, commodities and more.
On creating trading economy with ThinkCoin, trades are done in seconds instead of taking one day or more. ThinkCoin token (TCO) used as means of payment to trade financial products, enabling liquidity in the market and scale transactions.
Problem – Current Financial Asset Trading Marketplace
The main problem is where the current global financial markets are dominated by banks and other financial institutions, some of them are lacking in transparency and too many intermediaries increase costs across financial industry. Existing financial players cannot adopt opportunities of blockchain easily and they are still using centralized order book to control prices and trading. The time taken in settlement of trades and funds are around a day or more. There is lack flexibility in transferring trades.
Solution – TradeConnect Multi-Asset Trading Network
By introducing blockchain technology, this network will allow individuals and institutions to trade directly with one another at a lower cost. Trades are automatically recorded on the blockchain where execution is being done off-chain but recorded on-chain using smart contracts. They also enabling on providing a platform where large and small traders can trade as equals.
To raise funds to design and develop the network, they are launching an ICO of ThinkCoin. With ThinkCoin, all trades verified on the blockchain and settlements is being done in a matter of seconds. Their digital trading token is basically supporting the TradeConnect Network.
The Team
Nauman Anees – CEO & Co-Founder – He’s a serial fintech entrepreneur and having 10 years of experience in it. He’s having strong background in Computer Science and extensive knowledge in designing and building complex trading systems and applications.
Faizan Anees – Director & Co-Founder – He’s having 12 years of experience in sales and business development.
Adil Siddiqui – Director of Operations – He’s having 15 years of experience in trading solutions, risk management and FX, gained both in the City of London and Wall Street.
Token Matrix
Token Name – ThinkCoin
Symbol – TCO
Total Supply – 500,000,000 TCO
Price Per Token – $0.30 USD
Soft Cap – $5M USD
Hard Cap – $30M USD
Accepting Currency – BTC, ETH, BCH and Fiat
ICO Date – 25th June to 9th July 2018
Social Media Reach
Facebook – 8050+ Followers – https://www.facebook.com/ThinkCoinToken/
Twitter – 16.1k+ Followers – https://twitter.com/ThinkCoinToken
Telegram – 20380+ Members – https://t.me/ThinkCoinToken
Verdict
The Website is explained in detail and well-format which is easy to understand the problem and solution part of this project. The Whitepaper is also explained in detail but should be framed in well format.
There are 16 members are in the executive team who are having strong background and experience from Digital Marketing, Finance, Computer Science and Trading solutions. But they are lacking in experience in the blockchain technology. There are 24 advisors and some of them are in developing team who are having experience in IT, Software and from Blockchain Technology. Some of them are holding a position like CEO, Co-Founder of many leading companies.
The Social Media hype is good, and they are very much active on their Telegram Group.
The Roadmap is explained very well, and milestones is provided till 2019. The MVP is available of this project since April,2018 where they are connecting traders directly on the blockchain. You can have a look on their website.
They have partnered with GMEX Group.
For Detailed Information
Website – https://www.thinkcoin.io/
Whitepaper – https://docsend.com/view/qgyaq2y
ANN Thread - https://bitcointalk.org/index.php?topic=3077146.0
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392