Do you remember Vitalik Buterin telling centralized exchanges to go to Hell? There is a very good reason for that. Centralized exchanges bring back the problems blockchain is trying to solve through decentralization, this problem exists due to the ability of this exchanges to use their monopoly influence to manipulate prices and influence the market. They are owned and controlled by few individuals who are making themselves the Gods of the crypto space. We should say NO and star using decentralized exchanges.!
With this in mind I'm going to talk to you about Cointroops a new cryptocurrency exchange that plans to change the way users experience the exchanging arena. The exchanges will allow users to trade in a peer to peer environment where they are in a decentralized exchange controlled by the community. The platform ensures cheaper, faster and a secure platform for your exchange needs. The platform will be maintained by the community abnd owned by them.
The exchange main competitive advantage is the ability to ensure peer to peer privacy on a decentralized ecosystem, most exchanges ask for your identity to start trading, cointroops being a decentralized exchange will ensure your privacy first by eliminating the need of identity verification.
Crypto traders are normally introduced to a vigorous screening for signing up to a new exchange, cointroops plans to eliminate the barriers to entry users to enter the cryptospace by making the process easier and faster.
Why Cointroops ?
Cointroops promises a faster and cost-effective fee through a decentralized environment and also a state of the art protection against DDos Attacks, the platform will allow peer to per order matching in a global decentralized environment ensuring a considerate volume of trades to be carried out. The native platform token CTF will have multiple uses such as payment of trading fees, governance of the platform among others, it's important to note that the native token is in low in supply ensuring investors demand for the tokens as more users adopt the platform for their trading needs. The developers of the platform are dedicated team with experience in cryptocurrency and programming skills, they have promised frequent updates to keep the exchange in top notch condition for the safety of the user and also improve the user experience when using the platform.
How does COINTROOPS work?
The platform is a peer to peer decentralized exchange that allows traders to interact directly without the need of middlemen who might inflate the costs of processing transactions and influencing the prices. The platform will ensure security where after users transact in an environment where the exchange creates a multi signature escrow address ensuring security of the users, after the payment the funds will be released to the right individual.
Cointroops will be fueled by its own token CTP that will lower the cost of processing transactions hence reducing the fees, the tokens will allow global financial transaction reducing the barrier of individuals to process global processing fees across borders. The exchange will be maintained by the community which will be headed by a dedicated team who will ensure constant development and improvement of the platform. With the plans already in place the exchange will be the largest peer to peer exchange in the planet.
PEER TO PEER Exchange process
The platform operates in a rather simple but effective way, when users agree on undertaking a trade based on their consensus agreement, a smart contract is created detailing the information concerning the transaction, the platform then creates a depository address where the seller transfers his assets that he is willing to sell to this account, this is done for security reasons and acts as an escrow for the trade. The buyer then sends the agreed amount to the seller and after the seller have confirmed arrival of funds the escrow is released by the exchange.
Token Sale
Investors are invited to join the cointroops team on the ongoing ICO where they will be able to purchase CTPs tokens, the available pool for sale is 350,000,000 CTPs with a minimum purchase of 0.5ETH and 0.05 BTC respectively, the chart below outlines the use of funds and more information on the tokenomics.
You can purchase platform tokens for Etherium and Bitcoin. The minimum purchase amount is 0.5 ETH / and 0.05 BTC, respectively. There is also a system of bonuses, for example, from July 1 to August 1, you can get up to 20% of the bonus coins of the project. A total of 350,000,000 CTPs will be sold.
Conclusions
Cointroops competitive advantage is to reduce the barrier to entry into the world of cryptocurrencies, the exchange business model of operating ina decentralized environment is highly welcomed and comes at a god time when the community are realizing the dominant centralized exchanges are using and exploiting the. Cointoops is one of the exchanges to watch out for if this amazing team delivers their promise. Below is a detailed chart showcasing the road-map of cointroops.
References
Website: http://www.cointroops.com/
WHITEPAPER: https://cointroops.com/whitepaper.pdf
Telegram: https://t.me/cointroops
Telegram_group: http://t.me/cointroops_official
Twitter: https://twitter.com/cointroops
Facebook: http://facebook.com/cointroops
Medium: https://medium.com/@cointroops
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
Ether Address: 0x8E8A5B6e2ABF1Bb64759bDd4DBe788F45B1D4f54