Teepheh: THINKCOIN: TRADING MULTI-ASSETS THROUGH BLOCKCHAIN

As blockchain technology gains more ground in the world at large, new ideas and innovations spring up on a daily basis, investments are now being made at a faster uprising rate on projects and ideas. Introducing ThinkCoin;

It is well known that the financial markets are dominated by financial institutions such as banks and the likes, some of which lack transparency and can impose unfair charges, also having undue influence on global asset prices. The lack of flexibility in transferring trades is known to also be a major problem and equally is settlement of trades and funds that can take days and hinder some progress of users. Some other challenges faced in the market are:

Lack of trust and integrity
Lack of transferability
Inefficient settlement and payment
Liquidity and Inefficient Pricing
No peer-to-peer trading

TradeConnect network has come with the aim to solve these problems, it is a multi-asset trading network that will disrupt and democratize trading. TradeConnect network will provide individuals and institutions the opportunity to trade directly with one another on a balanced field with lower costs for all. Trades among individuals and institutions will automatically be settled on the blockchain, with aim of delivering the fastest service possible. Some of the advantages the solution will benefit from follows as:

The trust, integrity and visibility of the blockchain ledger.
The ability to hold and settle funds on the blockchain.
The greater speed of using off-chain processing.
A consortium-based private ledger visible to only participants in the network combined with the public blockchain.

TRADECONNECT ECONOMY

TCO tokens are classified as utility tokens. Users in the TradeConnect Network who will trade and use all its features will have the need to hold ThinkCoin tokens which are the unit of trade in the network. Traders can trade in the various markets offered on the network by transferring fiat currency or other cryptocurrencies into TCO. The value of the trade is held securely in an Ethereum smart contract and is settled and released directly back to the user’s wallet upon determination of the trade automatically. The network structure will allow a diverse token economy based not just on commissions, but a variety of market-neutral models based on growth in volume versus market risk in the network. The revenue has 4 primary sources which are: connect Fees, Margin Lending, auctions of Digital Personas and Token Listings.

TOKENS AND CRYPTOCURRENCIES

TradeConnect network will initially support the most liquid cryptocurrencies as collateral, based on their market size and available market liquidity. Our wallet will initially support the following: Bitcoin, BitCoin Cash, Ethereum, Dash, Monero, LiteCoin, ThinkCoin (TCO)

THINKCOIN TOKENS

ThinkCoin tokens(TCO)will serve as the unit of all trades on the TradeConnect network powering the trading environment. Be it commodities, shares or other financial products, ThinkCoin will let you do it and in a simple, secure and user-friendly way. TCO can be acquired through our ICO or, by exchanging fiat currency and other cryptocurrencies via numerous exchanges once the ICO is finished.

ICO DETAILS

During our Pre-ICO and ICO, the base price of TCO tokens will be $0.30 USD. The Pre-ICO will have two stages, with a different bonus during each period.

3rd April - 23rd April: 45% Bonus.
24th April - 18th June: 22% Bonus.

The ICO itself with run from the 25th June to 9th of July. In case not all 60% of TCO tokens available at the Pre-ICO and ICO stages are sold, the remainder will be burnt in order to maintain the distribution. The Hard Cap for the Pre-Sale, Pre-ICO and ICO will be $30,000,000 USD.

TOKEN ALLOCATION

The tokens will be issued in two stages:

A Pre-ICO to enable early development and engage participants.
The ICO itself to enable the systems and structures to be built.

In addition to these stages of token issue, 1% will be retained to be used as bounties during the pre-ICO and ICO; 15% will be allocated to management, employees and advisors to reward and incentivise; and the final 24% will be retained for future use, such as a building liquidity pools for significant users.

FUND ALLOCATION

The money raised will be spent indicated below;