The market for cryptocurrency is on the rise and that too for obvious reasons. Millions of people all around the world are known to invest in crypto coins. But have you ever wondered why do they invest in cryptocurrencies? What profit do they make out of it? People invest in cryptos so that they can make use of it as a token on different platforms. With the use of crypto coins, people can carry out transactions on various platforms. Some investors also keep it in stock so that they can sell it later at a higher price in order to gain profits. Not only that, but they also use it to purchase items from online shopping sites as well. In order to perform all these tasks, the crypto coins need to be maintained.
To manage cryptocurrencies, a user needs a digital wallet and decentralized and central crypto exchanges. This is where the need for a project like The Collective comes into the scene. The platform is known to allow users to manage their digital assets easily.
CDEX which happens to be
What is The Collective?
The Collective is a Fintech company which is located in Guernsey. The platform provides a number of different products and services to its clients. The central part of the ecosystem revolves around a community management company which is dedicated to the management of ICO and incubation.
The platform also features CDEX which happens to be a decentralized global marketplace for tokens based on Ethereum. The platform provides you with a proficient network and a number of benefits. Currently, the company is known to generate income for some of the well-known cryptographic money organizations. Apart from that they also provide their customers with direction on influencers, technique, different components, and organizations. This platform is driven by blockchain technology.
You can also avail professional community management services from the platform. The team of the Collective provides you with plenty of content along with community support. The main aim of the company is to bring liquidity and posting under the control of the platform. The company will also provide reliability prizes to the clients of CDEX for exchanging within the ecosystem. Similarly, the platform will also provide a smaller charge structure for qualified clients.
The company also provides the latest updates about market powers to the customers. They are aimed towards meeting the needs of their customers.
How does it work?
This particular platform is known to provide you with various products and services. Some of the main services offered by the platform include:
- Social media awareness
- Crypto expertise
- First line support
- Influencer network
- Community development
- White paper development
- Competitions and promos
TraderOne central stock market: This is one of the main elements of the platform. This is a robust platform which is meant for the trading of all kinds of digital assets.
CollectiveGO Game: This is yet another important element provided by the platform. This provides you with augmented reality experience. It is supported by local card and money is generated through different digital currency advertisers.
Collective Global Initiative: The final element of the platform is the Collective Global Initiative which is aimed to build the best generic practices for the whole industry. This will be done while offering creative ways to unite the creative economy. Other than that it also ensures that the communities within the platform are safe for the users.
The platform also offers it’s customers with CDEX or social development token as well.
Tokenization
The platform makes use of CDEX utility tokens. It is specially designed to work within a complex ecosystem. CDEX is known to serve as the utility token for the whole community of the Collective management company, the CDEX decentralized exchange, the TraderOne Centralised Exchange, the Collective global initiative and the CollectiveGO game.
The CDEX token is based on ERC-20. The utility token is mainly used for carrying on transactions in TraderOne stock exchanges and CDEX. The utility token serves a number of functions.
The utility token is used in exchange for the management services of the platform. The fact that CDEX operates as a utility token, it possesses important use cases.
The token is also offered as a reward based on the level of liquidity contributed.
The token is also used to pay the price of projects with a discount of 20% based on the prescribed prices. This is considered to be one of the main functions of the utility token for TraderOne.
The token is also used to pay for all the advertisements within the game.
The token will be treated as the native token for the entire platform.
Team Members
The Collective project is the result of the hard work put in by its team members. The platform has been designed and developed by a team of highly professional and skilled members. Every member of the team belongs to a different professional background and industry. What unites them is their love for cryptocurrencies. With their years of experience and knowledge, they are able to give birth to such an important platform. The team behind the company is working dedicatedly towards the betterment of the company. The main members of the team consist of the following people.
- Dominic Bacon - Chief Executive Officer and the Founder of the company.
- David Payton - the Co-Founder and the Senior advisor of the company.
- Harsh Vardhan Roy - Senior Marketing Manager.
- Matthew Grezesiak - External Consultant.
The mentioned people happen to be the backbone of the company. However, the company is also supported by other members of the team as well.
Conclusion
To conclude, it can be said that the Collective is a great initiative taken by the team. It aims to provide a solution to real-world problems. With its numerous products and services, it offers a lot of benefits to its customers.
You can learn more about their project by visiting their official website or downloading their whitepaper.
Article Creator: pamkinpie (Bounty0x)