With this discrepancy aside, it’s important to note the lack of viable exchange platforms that are truly decentralized by being build on top of blockchain technology. All the free decentralized exchanges on the marker tend to come up short when it comes to being a reliable service. It’s not that the idea is impossible to execute, it’s more so that it hasn’t been done well enough yet.
Merging both paragraphs above will allow you to get a glimpse at what ThinkCoin intends to provide the market with. What is basically needed is a P2P (peer-to-peer) exchange platform with a reward system tied to individual efforts, speedy transaction times, that is built on a reliable blockchain infrastructure. The ultimate goal with all of this is to provide increased stability in this volatile market, while ensuring the price you’re paying is the best currently available.
This is where the foundation of ThinkCoin (https://www.thinkcoin.io/) comes in. To adequately answer the question “What Is ThinkCoin?” we need to look at its backers — ThinkMarkets, which is an online brokerage with authority and expertise in the changing financial world.
In the wild world if ICOs, it can be difficult to determine which projects are worth researching and which ones should be dropped and ran away from. It’s a lot easier to support a project that has a proven track record with the ability to generate profits for the company and their backers. ThinkCoin’s parent company ThinkMarkets provides this reassurance.
Founded in 2010 under the name ThinkForex, the company saw quick growth after moving their headquarters from New Zealand to Australia, renaming the brand to ThinkMarkets, and quickly becoming one of the country’s top FOREX trading systems. Since then, they’ve expanded to London in the United Kingdom, where they’ve won multiple FOREX awards.
ThinkMarkets does more than just FOREX. Last year the company acquired a smartphone app that does analysis of the retail market. The application boasts a half-million registered users, boasting a whopping 10% of the users actively using the application. Aside from the app, in 2016 they launched their ThinkAffiliates program, which brings incentives to users who promote and market the ThinkMarket product services online.
For more information on the ThinkCoin project, check out their website at https://www.thinkcoin.io/
To ensure ThinkCoin’s stability, it is backed by real assets and it’s value is displayed by it’s relevance to the most powerful currencies on the market. Currencies like the US dollar, the Euro, Yen, and the AUD. With this system in place, it’s easier to create a scenario with asset liquidity or buyers and sellers alike, which in turn ensures that traders can begin and end transactions when it’s needed.
Even thought the primary use case for the platform was in the retail space, having more than one asset offered means that traders have the ability to purchase fiat-based financial vehicles with blockchain-based cryptocurrencies. The move ThinkMarkets is making from their platform based in the already established fiat marketplace shows that our traditional infrastructures stand to improve and expand by taking part in the revolution that is blockchain technology. They stand to improve not only their own profits, but the livelihood of their users, and the market abroad, with a more transparent ledger that allows the free market to move more fluidly than before.
Disclaimer: As with all investments, you should do your own research. The information provided in this article is focused primarily on bringing the facts out of the white paper to supplement your due diligence. Please do your own research and make up your own mind.
Links:
https://www.thinkcoin.io/
