COINCASSO: A USER BASED EXCHANGE PLATFORM

Cryptocurrency exchange is a business that allows customers and cryptocurrency holders to trade cryptocurrencies or digital assets for other assets, or conventional fiat money or other digital currencies as the situation warrants. Some of these platforms where trading takes place charge transaction commissions for their services.

It is worthy of note today that cryptocurrencies like the Bitcoin, Dash, BitcoinCash, Ethereum, Ripple, Monero, Litecoin have become a global phenomenon with their success stories presently drawing the attention of the public.

CryptoCoin Charts in 15th of May, 2018, indexed 4 635 cryptocurrencies with a total 24h volume of $15.12 billion and $406.63 billion market capitalization. Out of all the cryptocurrencies, the Bitcoin stands out with a whooping 36% share of the total market capitalization.

The Cambridge University's Global Cryptocurrency Benchmarking Study estimates that presently, there are between 2.9 million and 5.8 million active cryptocurrency wallets. At least 1 876 people work full time in cryptocurrency companies. It is evident that the exchanges have the most number of functional entities as they employ more than any other sector in the cryptocurrency space.

Basically, these exchanges operate as either centralized cryptocurrency exchanges or decentralized cryptocurrency exchanges.

Centralized exchanges are trading platforms owned and operated by a company which maintains absolute control over all transactions. Users do not have access to private keys of their exchange account wallets. Therefore, users place trust in the hands of the exchange operators to manage funds, as transactions can only be executed through already established mechanisms provided and approved by the exchange operators.

On the other hand, decentralized exchanges are not operated by companies. They utilize the blockchain technology and execute smart contracts. They do not hold of control customers' funds, positions or information. They simply play the role of matching or pairing trade orders and routing layer for trade orders.

Centralized exchange platforms are currently faced with issues ranging from long downtime periods that create unnecessary panics, security risks, long and overbearing verification procedures, high transaction charges, hacking risks, high enytry barriers and so on.

In as much as there is a gradual shift towards the decentralized technology, most global financial systems still operate on centralized platforms especially in the crypto space. Many digital asset traders depend on third parties to execute asset trading. The decentralized system provides a more acceptable and reliable platform for peer to peer trading on the blockchain, eliminating middlemen and their incessant charges.

The CoinCasso project is offering a painstakingly designed democratized exchange platform solution where users can have a direct influence over the growth and development of the CoinCasso Exchange. Users become stakeholders of the project.

The idea is to design a platform that builds on the mistakes of other platforms and will serve its user base with respect and transparency, there by creating more trust and value in the blockchain industry.

CoinCasso exchange has both centralized and decentralized features that allow its user community access democratic trading services. Users have the opportunity of adding their personal and corporate digital assets, including the chance to vote which cryptocurrency may appear on the exchange along with the caliber of service to be rendered.

Yet the platform will have a central unit in charge of handling and managing the development of the project as a whole. All these features are integrated on the CoinCasso system to give users a robust hybrid multifunctional exchange.

Users will also benefit from the profits realized which will be distributed among active users through CoinCasso Exchange 2.0, CoinCasso Paywallet App, Quick Exchange, Payment Gateway, ATMs and PoS terminals.

Holders of the CoinCasso Exchange CCX Tokens will also have the ability to either actively or passively influence the execution of innovations, vote for or against operational changes, decide listing of new cryptocurrencies, enjoy low transaction fees among numerous benefits.

The platform has an unprecedented per second transaction number which can be raised in periods of overload and high trading margin. It has an optimized UI/UX with a very high security level that guarantees safety of users funds. Users can also access 24/7 a quick and responsive support team ready to proffer solutions and answer users questions.

The CCX Token is an ERC 20 standard token built on the Ethereum smart contract with a maximum supply of 100 000 000. Holders of the token will be directly involved in running the platform and also enjoy low transaction charges along with a share in the company profit.

The initial token sale will take place on coincasso.io with a total of 70 million CCX for the main sale. 20 million CCX will be held by the company for future development. 5% of the tokens will be available during pre sale, while 3% is set aside for marketing. 1% has been earmarked for bounty activities.

The main sale will be done in 350 stages starting from February 15 - December 31, each stage lasting for 24 hours. The price will keep changing as the stages progress. Each stage will have 218 750 CCX tokens available for sale. Where tokens are not all sold at a stage, left over tokens are burned. The pre sale had CCX starting price at $0.3. The main sale initial price is $2.5.