What’s a Decentralized P2P Cryptocurrency Exchange

Fundamentally, it is a type of crypto exchange that is exclusively controlled and managed by software. It enables market participants to trade directly with others. It does not necessitate the processing of all transactions by any trusted third party. Instead, smart contract-powered escrow mechanisms ensure trusted, transparent, and efficient transaction exchange between traders.

Regular cryptocurrency exchanges act as intermediaries between buyers and sellers. They make a profit through fee collection on transactions. Conversely, decentralized p2p trading interactions between participants are directed exclusively by pre-programmed software, requiring no intermediaries.

Decentralized p2p crypto trading indeed is the epitome of the philosophy of decentralization. Indeed, users can buy and sell crypto assets directly without an intermediary being present on the platform for facilitating exchanges. It does not require government legislation and authorities’ control of any sort. Instead, smart contracts manage all tasks by fully automating them. No human interference diminishes the overhead costs greatly.

Coinchum Features

Coinchum is a P2P marketplace designed by professional traders for unbanked people so they can get modern and inclusive financial services for their various needs. Coinchum provides beginners with the resources they need to get a good grip on the crypto market. At Coinchum, they can get educational resources to use advanced market tools for monitoring and analysis of market trends. But that's not all, there are several other features of Coinchum:

• Voting System: Users can participate by voting to be able to decide which coin to list on the exchange.
• Low Fees: Users can trade with low fees on many binary trading pairs such as BTC/USD.
• Excellent Customer Service: Customer service will help users to be able to answer their various complaints and inputs.
• Wallet Security: Security is number one, that's why the team developed a high-security wallet to ensure that the user's assets are completely safe.
• Anti Scam: The team designed Coinchum with an anti-scam system that will secure the platform from scammers.
• Cryptoanalysis Tools: Tools that will help users to be able to analyze the market well.
• Flexible Fee: Users will get lower fees if they have Chum tokens. Or tiered users who have different badges and privileges compared to other users.

The purpose of Coinchum
Coinchum aims to expand horizontally into new market segments in the future, thereby moving beyond its initial function as an innovative trading platform for cryptocurrencies. Coinchum is committed to working closely with investors to ensure that their interests are embedded in every stage of the business process.

Why Choose Coinchum?

Choices limited to coin selection — The voting system is open to allow users to suggest or even decide which coins to list. Users can suggest new PAYMENT METHODS, and those suggestions will be prioritized.

Customer service — Coinchum will have easy-to-use ticketing system, Fast reply from online chat, Fast resolution for login/account issues, Fast withdrawal processing, Telegram group to resolve customer inquiries on time.
Wallet security- In Crypto Coinchum assets backed by insurance, they also introduced various security mechanisms such as Anti-phishing verification, Advanced verification software, Withdrawal protection, White IP to protect customer funds.

Crypto analysis tool- An information terminal where traders will find whale account holder positions, global indices, trading volume rankings and so on. The powerful terminal lists important events and upcoming calendars/seasonal events that affect cryptocurrency prices. Detailed price analysis for each crypto.

Cryptocurrency Academy — Explains AZ about the most popular cryptocurrencies. Educational resources include videos, tutorials, trading strategies, and industry research. Users can post videos or articles on Coinchum's educational channels, and other users can view or pay for content with CHUM tokens.

Inflexible fee structures — At Coinchum, Fee structures are affordable and easy to use. Users can reduce more costs with Chum Tokens. Tiered users have different badges and privileges

User Voice — Collect user opinions and suggestions on UX/UI customization and other user-oriented functions.

What are CHUM Tokens?

CHUM is built on the BEP-20 protocol which is the token standard on the Binance Smart Chain that extends ERC-20, the most common Ethereum token standard. CHUM works as the native token of the Coinchum ecosystem.

Tokonomics

Token Name: CHUM BEP20
Total Supply: 200,000,000
Private sale: 85,000,000
Public sales: 95,000,000
Soft Cap — 5,000,000 USD
Hard Limit — 20,000,000 USD

Roadmap

The Coinchum team started to research and development in Q1 2020, then continued with a proof of concept in Q2 2020 so that investors could see the real concept of the Coinchum platform. Then later in Q2 2021 the Coinchum team started the backend design development and continued with the exchange platform test. And then the Coinchum team will launch a whitepaper that contains various information needed by users and investors and continues with a token sale. Then in Q3 2021, the team will start an Open Token Sale for the public, and in Q4 2021 the team will do web development. In Q1 2022 the Coinchum team will register for LPF in Hong Kong and launch an official P2P exchange. And in Q2 2022 the CHUM token will be listed on the exchange and in Q3 2022 there will be an injection of funds into SPAC in Hong Kong.

Summary

In reality, Binance and many other prominent exchanges have prompted crypto traders and users to switch to decentralized P2P exchange platforms in the past. It is because of increasing cyber threats, fraud, and hacks associated with centralized exchanges.

In recent times, the global crypto market has witnessed an increased need for decentralized P2P exchange platform development, as they make the whole process of trading easy and secure. Our experts also suggest that platforms can experience widespread acceptance with a streamlined regulatory and banking structure.

CoinChum was built by professional traders for users, especially unbanked people. With the solutions offered by CoinChum, newbie users can get educational resources to understand more deeply about the crypto market and use the various tools available. In this way, CoinChum can attract more people, especially unbanked people, to join the crypto market and experience the benefits of cryptocurrencies.

If you are planning to build decentralized P2P crypto exchanges, Oodles can help you provide development support. Also, a free-of-cost consultation is available with our blockchain and crypto exchange development experts to address your business needs. No obligation, just a quick chat to find out if we can help.

Official link:

WEB: https://coinchum.co/
TELEGRAM: https://t.me/ChumToken
TWITTER: https://twitter.com/Coin_Chum
FACEBOOK: https://www.facebook.com/CoinChum-344694393302164

✏LINK AUTHOR

✨ https://t.me/breakupz
✨ https://bitcointalk.org/index.php?action=profile;u=2761849
BEP-20 Address: 0xE082a4fd36eC9BEb46ABc116D59DdaB8c31ae25e