What Is ThinkCoin?
ThinkCoin is a digital token used within a peer-to-peer trading platform called TradeConnect.
The goal of TradeConnect is to use the security of blockchain technology to allow users to securely trade any financial asset around the world. With ThinkCoin, trades are settled in seconds, not days. TradeConnect will allow users to trade any assets with other traders anywhere in the world. It uses a hybrid trading model where trades are processed off-chain but recorded on-chain using smart contracts.
The ICO for ThinkCoin tokens, or TCOs, begins with a pre-ICO on March 26, with the main ICO continuing until the end of April.
What Problems Does ThinkCoin Seek To Solve?
ThinkCoin seeks to solve all of the problems in today’s financial asset trading marketplace:
- Too many intermediaries increase costs across the industry, creating credit and financial risk
- There’s a lack of flexibility, making it difficult to transfer trades and meet the individual needs of every trader
- Settlement takes too long; legacy institutions can take days to confirm transactions
- There’s a lack of transparency among traditional broker models
Solution
We are developing TradeConnect: a state-of-the-art blockchain-based trading network that will enable the trading of any financial asset in the world. Our bespoke software will allow individuals and institutions to trade directly with one another, creating a balanced playing field where players large and small trade as equals. Trades will be verified on the blockchain, meaning settlements can be completed in seconds, rather than days — changing trading forever.
ThinkCoin TCO ICO Details
The ThinkCoin token sale begins with a pre-ICO from March 26 to April 9, 2018, during which you can buy tokens at a price of $0.21 to $0.25 USD.
The main ICO, meanwhile, is scheduled for April 9 to April 27, during which tokens are priced at $0.30 USD.
There’s a total supply of 500 million TCO tokens. Of the total supply, 60% (300 million) are available during the pre-ICO and ICO combined.
TCO tokens are ERC20 tokens on the Ethereum blockchain.
There’s a hard cap of $50 million for the pre-ICO and ICO combined.
ThinkCoin Conclusion
ThinkCoin, or TCO, is a digital currency designed for use in the upcoming ThinkConnect trading platform. ThinkConnect seeks to democratize trading using a hybrid centralized/decentralized model: ThinkConnect will match market makers with market takers, then complete transactions off-chain while recording transaction data on-chain in a smart contract.
Some of the key benefits of the platform include the ability to trade any financial asset in the world, the ability to conduct peer-to-peer trading in a global marketplace, and the freedom of completing trades in seconds – not days.
To learn more about ThinkCoin and how it works, visit online today at ThinkCoin.io.
Roadmap
April 2018ICO closes and TradeConnect Alpha released
May 2018ThinkCoin Token (TCO) listed on crypto exchanges for trading
July 2018TradeConnect network goes live in Beta for select clients
August 2018TradeConnect enabled for trading on cryptocurrencies
October 2018TradeConnect network trading begins in FX and CFD Products
November 2018ThinkMarkets joins TradeConnect network and begins integration of its retail users
December 2018Estimated approval of TradeConnect US Exchange License
January 2019TradeConnect begins offering trading in equities, commodities, futures and other exchange products.
March 2019TradeConnect allows trading in physical equities for investors in Japan, Europe and Australia
July 2019TradeConnect IPO
Mission Statement
Trading is stuck in models and structures that are decades old. Our parent company ThinkMarkets has flourished in this world, but new technology has created new opportunities in financial services, and we want to maintain our position at the cutting edge of innovation. In TradeConnect we are creating a trading network where the latest in AI technology and the revolutionary power of the blockchain combine to liberate trading from the constraints of legacy practices. ThinkCoin, the cryptocurrency it will run on, will ultimately allow the trading of any financial product, allowing an unprecedented variety of trades to be conducted. We’re going to harness new technology to design a network that brings a level of flexibility the markets have never seen before. Most of all, we’re going to change trading forever.
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