TradeConnect is a multi-asset blockchain-based exchange that will allow investors to trade a wide range of financial products such as cryptocurrencies. equities. FX. commodities and more. TradeConnect is issuing an Initial Coin Offering (ICO) of the ThinkCoin token (TOO).
Funds raised as part of the ICO will be used primarily to acquire new users, develop a state of the art matching engine and expand the range of trading products Only TCO holders will be able to trade on the TradeConnect network .
What is ThinkCoin?
ThinkCoin is the digital trading token that underpins the TradeConnect network. By bringing trading to the blockchain, ThinkCoin lets you trade forex, commodities, shares and other financial products in a simple, secure and user-friendly way.
You can acquire TCO through our pre-ICO and ICO stages of release or, once the ICO is finished, by exchanging fiat currency and other cryptocurrencies via select exchanges.
Thinkmarkets is proud to announce the Initial Coin Offering for ThinkCoin LIC0), a brand-new digital trading token. ThinkCoin will power TradeConnect, our forthcoming blockchain-based multi-asset trading network.
ThinkCoin can be used to trade forex, commodities, shares and other financial products - all in a simple. secure and user-friendly way. You can acquire TCO through our pre-ICO and. ICO stages of release or. once the ICO is finished. by exchanging fiat currency and other cryptocurrencies via select exchanges.
Key Concepts
The Trade
TradeConnect will be able to work with multiple financial assets from the beginning. with specific smart contracts used for each financial product. Although we are initially offering FX and CFD trading. the system will expand to take in equities. futures, commodities, complex derivatives, options. bonds and institutional products.
Market Makers and Takers
These are the parties to a trade: 'Makers' create the terms of the trading contract and offer them to the market. Takers' are connected with the makers by our Al matching software. Either party can be made up of an individual, a group or institutions.
The Connect Fee
Instead of commission. a connect fee will be charged on every transaction and divided between market makers and the network itself. The size of the fee will be based on the type of trading product as a percentage of the size of the trade itself, and would be included in the terms of all smart contracts on the network.
Flexibility
Our trading solution reduces reliance on brokers and other intermediaries and enables direct trading for all. Your money stays in your control , with funds for trades committed to the blockchain pending execution and settlement of the trading contract. Settlement and payment can be near-immediate. with no delays and no fees for transferring funds.
Off-Chain Transactions
Blockchain processing would delay settlement, so we will use process trades off-chain to speed up execution. Transactions are settled off-chain then netted by aggregating the net profit and loss as one bulk transaction and recording it on the ethereum blockchain.
Oracles
These are independent information sources that determine the contract result and submit the off-chain transaction to the smart contract. Likely oracles include Bloomberg, Thompson Reuters and other trusted providers. .
Token Details
Name : ThinkCoin (TCO)
Total Supply : 500,000,000
Total Allocation : 300,000,000
Hard Cap : $30,000,000 USD
Soft Cap : $5,000,000 USD
Currency : BTC, ETH , BCH , LTC and Fiat Money
Token Distribution
Private Sale
5 March-2 April 2018
Pre ICO
3-16 April 2018
ICO
17-30 April 2018
Thinkcoin team
Official Website : https://www.thinkcoin.io/
White Paper : https://docsend.com/view/qgyaq2y
Telegram : https://t.me/thinkcointoken
Facebook : https://www.facebook.com/ThinkCoinToken/
Twitter : https://twitter.com/ThinkCoinToken
Bitcointalk Ann Thread : https://bitcointalk.org/index.php?topic=3077146.0