THINKCOIN AND THE TRADECONNECT NETWORK: MAKING ASSET TRADING EASIER VIA BLOCKCHAIN TECHNOLOGY.
Traders who trade in stocks, commodities, Forex, equities and any tradable commodity usually find themselves at the mercy of banks, brokers and other financial institutions that exercise undue influence and actively manipulate the markets to their benefit and often to the detriment of independent traders.
TradeConnect network is an innovative new project created to solve almost all of these trading problems using the blockchain technology. The project was created from a combination of pooled knowledge, resources and decades of global experience in financial products by the ThinkMarkets group, a company responsible for online products and services like ThinkPrime, ThinkAffiliates, and ThinkInvest.
ThinkCoin is the digital token that powers the TradeConnect network. It serves as a unit of trade and payment as well as a support system on the TradeConnect network.
However, before you can totally understand what ThinkCoin is, you have to understand what TradeConnect is. To put it in simple terms, TradeConnect is a trading network based on blockchain technology whose goal is to disrupt the financial market dominated by banks, prime brokers and other types of intermediaries while promoting peer-to-peer trading that will allow individuals to trade in a wide range of financial products such as cryptocurrencies, equities, Forex, commodities and more.
BLOCKCHAIN
Blockchain is a virtual financial mining operation that has without doubt taken the world by storm. It has become expedient, following forecasts from top businessmen like Bill Gates, to participate in the blockchain virtual currency mining venture. This, apart from the need to join the flow of an active conversation, is expedient because in the next couple of years, it would be almost impossible to work, earn, spend, and share monies globally without virtual currencies which are mined through blockchain operations. Over the years, numerous blockchain giants have taken over the world with their various blockchain operations successfully. Because something works however, does not mean that it cannot be improved. This leads us to an adjoining blockchain and ethereum background.
BLOCKCHAIN AND ETHEREUM
Since we already understand what blockchain is, let us discuss ethereum. Ethereum is an open source blockchain focused cryptocurrency, which features smart contracts. By inference, what this means is that ethereum is an application front that allows mining of cryptocurrencies which is the purpose of blockchain, to be effectively handled. In the same manner that system software, the likes of Android, IOS are built to accommodate other applications like Facebook, Snapchat, is the same way ethereum is built to accommodate blockchain production. Basically, ethereum is IOS and blockchain is its snapchat.
What problems does ThinkCoin using the TradeConnect network seek to solve and how do they plan to solve them?
Lack of liquidity has always been the issue in global financial markets especially when the markets are volatile. By creating a unique trade scoring system, TradeConnect is designed to prevent liquidity shortages and other liquidity-related issues
