The cryptocurrency community is very wide, this makes it very popular, the daily creation of new digital currencies will surely facilitate the global adoption of crypto to the extent that more crypto-exchanges will be needed to meet the demand of traders, and in this article, I will introduce you all to a new exchange, this exchange is called " COINCHUM ", see, the full explanation below.
WHAT IS COINCHUM?
Coinchum is a P2P crypto exchange where major and minor cryptocurrencies are listed and traded. Coinchum was designed with some unique features that enable new traders to learn from education resources, and also allows professional traders to trade cryptos using advanced trading tools for better and profitable trading. Coinchum is always open and welcome investor’s inputs in each stage of their business operation.
As a result of strict restrictions and long processes on how a company can raise funds for their project via the traditional IPO, new companies yet to be making revenues remains private for long. SPACs changed this, and have provided a means for new investors to involve in last-phase venture capital funding. Rather than allowing only accredited investors to provide such capital to startups, SPACs decentralized the system to accommodate investors of all levels.
HOW SPAC COMES IN?
Coinchum has concluded a plan to go public via SPAC in Hong Kong. SPAC is currently the best choice for Coinchum and its investors to achieve the needed capital investments within a short time.
WHAT IS A SPAC?
Special Purpose Acquisitions Company (SPAC) is a shell company floated on the stock market founded by investors with the primary aims of raising capital via an IPO to buy another company. Instead of startups trying to raise funds from investors via an IPO, with SPACs the empty listed company is founded first, then embark on a mission to acquire another company. That is why SPACs are also called blank-cheque companies.
If a newly set up SPAC failed to acquire another company within three years of its existence, the SPAC will be closed down and all investors will have their funds returned back. Investors who have been with a SPAC for a while will have an opportunity to buy a bigger stake in the merged company than they’d be able to acquire through the traditional IPO market.
COINCHUM PLATFORM DESIGNED FEATURES
LOW TRADING FEES: Coinchum exchange will charge extremely low trading fees on all transactions executed on the platform.
VERY LOW WITHDRAWAL FEE: Coinchum charged the user’s very low fees for all withdrawals made on the platform.
CONTINOUS LISTING OF NEW CRYPTOS: The platform will continue to list new projects tokens with amazing profits potential at minimum fees.
CRYPTO STAKING: The exchange will allow users to lock their coins/assets for some period and rewards them for locking up their assets.
WALLET SECURITY: Coinchum exchange has made the security of their platform and users funds a top priority. The exchange has decided to use MPC to provide maximum security against all forms of cyberattacks.
PROBLEMS
The world of digital investment is full of risks. Risks involving the theft of digital assets and deliberate devaluation of the coins by some crypto exchanges. Investors that hope to make profits in trading without advanced trading tools stand a high risk of losing if not all their investment portfolio, almost all.
It is for this reason that the Coinchum team has developed a secured platform that allows investors to invest their funds in the crypto world with lesser risks.
WHY INVEST IN COINCHUM?
Voting System: The platform voting right is widely open to allow users to decide which coins to be listed. Users vote for or against any proposed new features to the platform.
24/7 Customer Service: The platform has a competent and easy-to-access online customer service team. The team offers a fast reply to online chat and quickly resolves customer inquiries within a short time.
Wallet Security: In the Coinchum exchange, users assets are insured, the platform also adopt various security mechanisms to protect the platform and users funds.
Advanced Trading Tools: The exchange provided adequate technical analysis, current crypto news, global indices, trading volume rankings to mention but a few.
Academic Resources: The platform provides many educational resources such as videos, tutorials, trading strategies, and industry research. Users are allowed to post educative videos or articles on the exchange educational channels, and other users will pay to view or access the content via CHUM tokens.
Flexible and Affordable Fees Structures: All fees paid for on Coinchum are very convenient and affordable to users. Users can also lower these costs by paying with CHUM.
User Voice Counts: The exchange collects user opinions and suggestions and implements them in each phase of their business operation.
EXIT OPTIONS FOR CHUM INVESTORS
Coinchum investors should expect quick price appreciation in CHUM as the exchange will exercise buyback of CHUM. This will add value to the CHUM token, check for volatility and facilitate CHUM trading volume.
After the H K SPAC is in full operation, the exchange will send the LPF’s remaining assets to SPAC after the Coinchum IPO listing. Coinchum investors will opportune to be the first to buy those pre-IPO shares.
TOKENOMONICS
CHUM is the heartbeat of the Coinchum ecosystem, it was developed on the BEP-20 standard on the BSC. CHUM, it’s the native token of the Coinchum community.
ROADMAP
CONCLUSION
Courtesy of the decentralized feature of Blockchain technology, Coinchum has provided solutions to some of the long-overdue issues facing crypto exchanges. Adequate security, investors exist options, advanced trading tools, educational tutorial materials, flexible and affordable fees among others. Lastly, user’s assets have also been insured to avoid complete loss of assets due to cyber attacks.
For more information about COINCHUM, click the link below:
WEBSITE:https://coinchum.co/
TWITTER:https://twitter.com/Coin_Chum
FACEBOOK:https://www.facebook.com/CoinChum-344694393302164
TELEGRAM GROUP:https://t.me/ChumToken
LINKEDIN:https://www.linkedin.com/company/coinchum
YOUTUBE:https://www.youtube.com/channel/UC7121N0rFYGZpHbwoXUa6cA
INSTAGRAM:https://www.instagram.com/coin_chum/
AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
BSC Wallet Address: 0x0e55B03D7c3c5427E7b10F6b0B420bb16842b4c5