Coopex- A new cryptocurrency exchange platform and the solution to the prevailing problems associated with current exchange platforms.
Cryptocurrency which could also be referred to as digital currency has been in existence since 2009, when the first ever cryptocurrency 'Bitcoin' was created. After the Bitcoin, several other cryptocurrencies were created each of which were created with an aim of solving a particular targeted problem.
The blockchain technology which is the technology upon which cryptocurrencies are created has been a revolution to technological advancements and has been leveraged severally to help solve various problems around the world.
The creation and existence of cryptocurrencies led to the creation of cryptocurrency exchange platforms where cryptocurrencies can be exchanged for Fiat currency or can be traded in exchange for other cryptocurrencies. These exchange platforms have invariably facilitated the exchange and trading of cryptocurrencies and have been in existence for quite some time. Despite the general benefits of exchange platforms, there lots of downsides and prevalent issues that need to be addressed as soon as possible and that is just what "Coopex" was created for.
Whenever a new cryptocurrency is created and about to be listed on several exchanges for owners of the coin to either trade or convert and for non-owners to purchase, the team behind the new cryptocurrency applies to several exchange platforms and pays a listing fee to the exchange platforms following their application. One of the problems plaguing exchange platforms is that after the team of a new cryptocurrency wanting to get listed must have paid the listing fee, these exchange platforms sometimes do not respond in time and when they do, there is so much latency. The exchange platform could respond to the listing request and then set a listing date but when the listing date eventually arrives, they start another round of time wasting; the cryptocurrency might eventually be listed and some might not and these exchange platforms would not make any refunds whatsoever inherently leading to investors losing huge amounts of money and almost going bankrupt all because an exchange platform failed to list the cryptocurrency in which they invested in and even refused to refund the listing fee paid by the team behind the cryptocurrency (which could be used for listing applications on yet another exchange platform).
Asides that, users on these exchange platforms go through a lot while using these platforms and is actually a discouragement to new investors and new traders; transactions take up long periods of time to get completed and even require ridiculously high fees.
We also have a major issue which is exchange platform customer support; the current exchange platforms are simply inefficient towards rendering quality customer support because they are unable to cater to the large number of users within the platform. Current exchange platforms are simply inefficient and are disadvantaged in several areas but "Coopex" which could as well be regarded as an holy-grail to cryptocurrency exchange has been created to address these issues.
Coopex aims at taking exchange activities and processes to a new level firstly by solving all these prevalent issues regarding exchange platforms.
Coopex takes a whole new approach towards how a cryptocurrency exchange platform should function; coopex bases its platform upon total cooperation and transparency with its users and also understands the importance of effective customer support.
Coopex Token.
Coopex Token symbol is COOP with a total token supply of 12,000,000 COOP from which 1,000,000 COOP would be sold during the pre-ICO at a token rate of $0.05.
10,000,000 COOP would be sold during the main ICO at a token rate of $0.1.
1,000,000 COOP would be reserved for development purposes and also 1,000,000 COOP would be set aside for marketing purposes.
Coopex softcap is set at $500,000 with hardcap set at $950,000 which is the maximum fund needed by Coopex for development and marketing.
The Coopex Token Allocation.
75% of the total supply is allocated towards the ICO.
9% of total supply is allocated towards the pre-ICO, 8% to marketing and 8% to development.
Coopex Roadmap.
APRIL 2018
-Coopex founded.
MAY 2018
-Idea for the cooperative exchange is created and team assembled.
-Backend development completes.
JUNE 2018
-Backend development completes.
-Exchange in closed alpha mode.
-Pre-ICO begins.
JULY 2018
-Frontend completed and whitepaper ready.
-Coopex beta mode.
-Pre-ICO ends.
-ICO begins.
-Complete Coopex API development.
AUGUST 2018
-ICO ends and Coopex opens.
-Frontend UI improvements.
-Introduce market making solutions.
-Introduce margin trading.
SEPTEMBER 2018
-Coopdex development completes.
Q4 2018
-Open OTC trading and liquidity desk.
Coopex Team.
Coopex Advisors.
Coopex Partners.
Useful Links:
Website: https://coopex.market/
Whitepaper: https://coopex.market/Coopex_Whitepaper.pdf
Telegram: https://t.me/coopexmarket
Twitter: https://twitter.com/coopexmarket
Facebook: https://www.facebook.com/coopexmarket/
Writer's bountyox username: kitan