Coincasso — Licensed Hybrid Exchange For The Best Of Both World
THE EXISTING PROBLEMS OF CEXS AND DEXS
Cryptocurrency exchanges direct money flows from the other industries into the blockchain industry. They appear to be the great instruments to call for the support of investors around the world. The first exchange was created 10 years ago, adding real value to every single Bitcoin (the first cryptocurrency). Since the appearance of the market, the number of cryptocurrency exchanges has started to explode and their operation is getting improved day by day. However, after all those years, some issues have still existed becoming the obstacles for the mass adoption of blockchain innovation. Among those obstacles, the question that whether decentralized exchanges or centralized exchanges are the best solutions for the growth of the industry. Although both of them have certain advantages, they are not perfect. Centralized exchanges (CEXs) are easy to use and ensure the liquidity and volume of the trading pairs. On these platforms, users can trade cryptocurrency directly against fiat enjoying many additional services and promotions. However, the biggest drawback of CEXs is that they are controlled by the exchange owners. They decide what coin that should be added, what coin should be removed, and raise the listing fee as high as possible. This leads to the fact that many extraordinary projects could not access the support from cryptocurrency enthusiasts. On the other hand, decentralized exchanges (DEXs) are the dominators in term of trading speed and security. Users need no verification when for trading, deposits or withdrawals. However, they are not so reliable to the liquidity as well as trading speed. Their designs are not easy to understand and do not allow fiat trading.
WHAT COINCASSO OFFERS
- A regulated platform
To address the problems of both CEXs and DEXs, the team behind Coincasso established a brand new exchange which aims to serve the demands of the whole blockchain community. Coincasso exchange combines the best values of CEXs and DEXs together to build a platform where users can benefit from a truly distributed platform. The exchange was licensed with the Estonian government, a member of the European Union, to make the operation of Coincasso compliant with the law and directives so there is no fear of runaway. This is a big effort to show that the exchange is transparent and trustful, gaining a good reputation for the blockchain industry.
2. A decentralized community
While CEXs’ owners make the decisions on what coins will be listed (by taking fees or partnership), Coincasso shared that they will emphasize democracy by giving users the right to vote for the deserving coins/tokens.
3. A multi-services layer
Trading is not the only service of Coincasso. With the aim to bring massive adoption to cryptocurrency, the team has developed many plans to make this come true. Their services are an exchange and a quick exchange platform, a native wallet, a mobile application, a gateway for merchandise, a network of ATMs, and a POS — payment terminal.
4. A beneficial native token
The idea behind Coincasso token (CCX) is that it has the basic features of a native exchange cryptocurrency; however, it satisfies the users with many advantages. Firstly, users who get their membership by holding CCX will take gain influence on the newest implemented innovations. Next, they are the ones who decide the new coins/tokens that should be traded on the platform and the suitable changes on its structure. Also, the holdings of CCX can be used to pay for the services offered by the company and discount the trading fees by 50%. To continue the list, CCX holders have the chance to get massive bonuses as Coincasso shares 80% of profit to their users. They encourage users to refer other people to use their platform with an affiliate program rewarding users a 50% commission per successful invitation.
5. A trusted ICO platform
Since the appearance of the first ICO, there is a huge number of scam ICOs that have taken away billions of dollars from the investors. As cryptocurrency has not been clearly regulated yet, the victims can hardly get back their money. This activity causes much pain to the whole blockchain industry as it gives this sector a bad reputation. With a clear motto to function all the blockchain field, Coincasso will release its Trusted ICO platform as a launchpad for legit projects to reach the investors. This is totally a good product that benefits both the developers and cryptocurrency enthusiasts.
PERSONAL THINKING
Through my researches, I believe that Coincasso is a trustful exchange as everything about them is transparent. Their roadmap and products focus on incentivizing users interaction with the exchange and bridging cryptocurrency with the real world. I really appreciate their efforts and I see their love for blockchain. Although the ideas behind their products are just the improvements of the previous exchanges, we can understand that this project does not try to put up many over-exaggerated pictures only to take the investments then run away.
- Coincasso website: https://coincasso.io
- Coincasso whitepaper: https://coincasso.io/ENGLISH_CoinCasso_official_PLV1.pdf?v1.1
- Coincasso onepager: https://coincasso.io/onepager.pdf?v
- Coincasso reviews:
- ICOHodler: https://coincasso.io/onepager.pdf?v
- ICOBench: https://icobench.com/ico/coincasso
- ICOMarks: https://icomarks.com/ico/coincasso
- TrackICO: https://www.trackico.io/ico/coincasso/
Bounty0x username: dadabosade
This article was created in exchange for a potential token reward through Bounty0x.
Image source: Coincasso.io
