PRE ICO Dates : 01/04/18 – 20/04/18
BRINGING CRYPTO TRADING TO THE PEOPLE
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Cointrade is a global cryptocurrency exchange, that will be centered around customer satisfaction, making all interactions safe, fast and easy.
Lots of crypto exchanges emerged over the past years. At Cointrade, we carefully analyzed and gathered all the flaws that currently are embedded into the architecture of the exchange platforms with the goal to bring improvement and disrupt the industry, by setting a new level of standards.
We realize that aside of technical knowledge that is required to enter the world of cryptocurrencies there is a lack of trust between customers and crypto institutions that are standing in way of unveiling the full potential of crypto trading thus it is our one number one priority to build the platform based on trust and user’s confidence.
Cointrade Trading Pairs and Crypto Tokens
Cointrade’s main competitive advantage is offering a wider variety and combinations of crypto currency pairs.
Cointrade will provide a tool set to be able to perform trades in various combinations of Crypto to Crypto, Fiat to Crypto, Crypto to Fiat. The lack of necessary trading pairs oftentimes results in a double charging, where an exchange user is forced to sell certain crypto asset to purchase the one he actually needs and pay a fee for every transaction.
The exchange will support fiat deposits and withdrawals, and on top of the most popular crypto pairs – will offer pairing with the following currencies: USD, EUR, GBP, CAD and JPY.
Based on demand analysis, flexibility with crypto pairing is one of the key parameters, when it comes to choosing an exchange for trading crypto assets.
Intuitive User Interface.
User experience is very important when it comes to ownership and acquisition of cryptocurrency. Currently most of the crypto owner, are the ones who are or were exposed to web businesses in the past. This translates into inability of the average smartphone user to become a crypto token holder.
There are currently no adequate resources, explanation materials or tutorials, except for amateurish YouTube videos, designed to educate a potential token holder on how to set up a wallet, initiate a transaction or protect the account. We want to increase cryptocurrency exposure for it to become transparent and clear to everyone and not just the enthusiasts, hackers and IT professionals.
According to statistics, 25% of the current crypto exchanges account holders, have lost money due to learning curve it takes in order to figure out how token acquisition works.
We will simplify the very complex signup and verification procedures, and provide the necessary materials to educate and explain the process again, highlight the security, regulatory and price volatility risks involved and spell out every step necessary to guarantee a seamless experience.
Our target is to not only create a platform, but involve more users into crypto world, create a pleasant onboarding process for crypto sceptics, unite and strengthen the community for wider crypto adoption and circulation.
One of the biggest problems with existing crypto exchanges are operational glitches, system instabilities and error messages, that compromise security and kill the user experience flow.
As a result, users are oftentimes stuck, not being able to complete a transaction or withdraw funds for weeks.
Stable, working bulletproof architecture is our main priority for the new exchange, we will launch the operations only when we are 100% sure that technicalities will not stand in a way of the user’s experience.
Decent proportion of funds gathered through the Initial Coin Offering will be allocated to architectural development and testing, our team of system developers and architects will be utilizing best industry practices and employ the most complex solutions to guarantee a top not level of operations.
Safe coin storage functionality
There is a general consensus that crypto assets cannot be stored on the Exchange long term for the sake of safety.
The main reasons behind this are:
- Public distrust. There have been multiple cases of exchanges shutting down unexpectedly or being hacked.
- Absence of legal infrastructure to protect users against Exchange’s fraudulent manipulations.
- Weak technological foundation, unable to protect against common hack attacks.
We want to win user’s trust back on behalf of the crypto exchanges. It is really inconvenient to create wallets for every kind of coin and from UX point of view it is hard to maintain a “portfolio” of wallets along with the security information that has to be uniquely designed and stored. Convenience and security should not be mutually exclusive.
From technical standpoint, we will employ the characteristics of cold wallets to exclude any possibility of funds hacking or stealing, but at the same make funds available at any time, making the set up suitable for day trading.
To maintain a superior level of public trust, we will build a reputable community, involve crypto leaders and public personas who will be acting as mediators, ensuring the transparency and high standards of Exchange functioning.
We will be the first crypto Exchange whose operations are backed by technological advancements and strong community’s support.
24/7 Customer support.
Most of the Crypto Exchanges don’t provide a real time support lines to resolve immediate issues. Customer satisfaction procedures are limited to standard Frequently Asked Questions (FAQ) web pages, covering the most common issues that oftentimes are of no use when real issues occur, or contact forms with 48 hours+ response time
This is irresponsible and unprofessional treatment of customers, who entrust platform with handling of their funds and pay high fees for the services.
Cointrade will provide a 24/7 customer support infrastructure – there cannot be any business hours or holidays breaks in crypto world, since crypto trading unlike trading on stock exchanges never stops, thus users may need guidance or troubleshooting at any time of the day or night. We will also provide a multi-language support that will correspond to the fiat currencies accepted throughout Cointrade ecosystem.
Lower Transactional Fees.
Most popular crypto exchanges and brokerage services force a convoluted and sophisticated fee structure upon users, most commonly involving multiple rates, deposit charges, spreads and hidden fees. This usually results in higher costs for the end consumers.
Cointrade is building a totally new fee structure that will end us costing 50% less that what is currently offered by our direct and indirect competitors. We guarantee no hidden fees – we will only apply a markup fee with no other charges during the exchange process or deposit/withdrawal transactions.
Advanced trading and reporting
To help crypto currency holders make informed decisions we will provide the necessary reporting tools. Specifically, users will be able to set and tune up alerts and notifications, receive predictions and information about the most credible crypto coins. An order book and market charts will also be visible to every user along with interpretation guidelines.
We will implement software algorithms to enable wider range of trading options. Aside from market orders users will be able to take a full advantage of limit orders, that can get executed without user’s presence if the coins reach certain price points.
The main trading algorithm will be utilizing community effort in a form of open source, though we will work to improve it by adding extra layers of security and reliability.
Defined listing policy
Unlike current industry leaders, Cointrade will develop a comprehensive listing policy, to make onboarding of the new coins easy and transparent. We will be analyzing growth of community built around new tokens to define coin’s potential and market demand.