ThinkCoin

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ThinkCoin ICO details

Start Date: 2018-4-3

End date: 2018-4-16

    • Category: Cryptocurrency
    • Token: TCO
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 TCO = 0.30 USD PreICO price: 1 TCO = 0.25 USD
    • Bonus:
    • Accepting: ETH
    • Soft cap: 5,000,000 USD
    • Hard cap: 30,000,000 USD

ThinkCoin – Multi Asset Trading on the BlockChain

thinkcoin
ThinkCoin (TCO) is the cryptocurrency fueling the revolutionary new peer-to-peer trading network called TradeConnect. This network will decentralize and democratize trading, allowing individuals and institutions to trade directly with one another. With ThinkCoin traders and investors will be able to trade everyday financial products such as Currencies (FX), Equities, Precious Metals, Commodities and crypto currencies using a single cryptocurrency designed for exclusively for trading and investing.

TradeConnect has several advanced features that make it stand out from other network such as complex scoring models for Liquidity Enhancement called Digital Personas, a unique AI engine for predictive modeling of your trades, a trade matching engine that removes commissions and creates a connect fee that allows the trader to take part in a rebate pool based on volume.

TradeConnect is being developed by the ThinkMarkets Group, an established multi-asset brokerage with a decade of experience and knowledge within the financial sector. ThinkCoin and TradeConnect will leverage the vast pool of intellectual property, technology and financial resources of ThinkMarkets to significantly accelerate the development and use of ThinkCoin as the premier cryptocurrency for trading of any financial asset in the world.

How TradeConnect will work

Transaction speed, liquidity and user base

There are three factors that will determine the success of the TradeConnect network:

• the number of participants in the network,
• the speed at which the transactions are confirmed
• the maintenance of enough liquidity to ensure all transactions are matched and executed instantly.

A hybrid approach to the blockchain

The blockchain has certain limitations that could make delivering these guarantors of success difficult. If we assume each trade is offered as a smart contract on the blockchain, a significant number of ethereum transactions would be required regardless of whether each trade is then accepted by a counterparty. This approach would cause significant delays across the whole ecosystem and cause transaction times to expand significantly.

A simple trade would require two ethereum transactions:

• A Market Maker offering their trade
• A Counterparty accepting the offer

This would therefore result in the minimum transaction time being equal to the time to mine two blocks: in practice, tens of seconds. We will solve the latency of the public blockchain with various hybrid approaches below.

Off-chain transactions – aggregation and netting

To overcome these challenges, we propose creating and initially storing trading contracts off-chain on the TradeConnect network to settle the majority of the price-making and liquidity-matching transactions near-instantly. Once these transactions are settled offchain, the profit and loss are aggregated as one bulk transaction onto the ethereum blockchain and then netted out.

Before trading begins, the participants will be required to lock an amount into an ethereum trading contract.

The parties can then only trade their account balance. A Market Maker creates off-chain trades to offer to other participants and signs it with their private key.

The trade would then be propagated off-chain to potential counterparties. Counterparties who decide to accept the offer to trade would sign the off-chain contract with their private keys, and the contract to trade is generated.

The contract would then be determined by an oracle – such as an independent price feed – to determine the results of the trade.

The result is finally made available and submitted to the blockchain along with the transaction, and payment occurs through the blockchain automatically.

Private BlockChain Ledger: A Hybrid Approach to Centralized Trust

As the volume the network grows we anticipate there will be a greater dependency on verifying the actual process of the connect fees, persona auctions, margin lending pools, distribution of the connect fee rebates from the maker/taker pools, and more.

Since only the final end result of the trade is sent to the public blockchain, TradeConnect will launch a private blockchain ledger driven on a consortium model.

Private blockchains suffer from the same fate as centralized models, where there is only one signer and the data can be modified. TradeConnect will allocate signing rights to a consortium from the pool of Oracles that are providing prices on TradeConnect.

Initially we expect to have several Oracles as price makers who will provide a mid price for the markets we trade in. As the network expands, we expect to create an election system for oracles to create as fair a mid price and consortium process as possible.

Mid Market Price. The Search for the truth

In any fast-moving market such as cryptocurrencies and FX trading, there will be times when market makers will pull their bids and offers based on their perception of risk, volatility, and liquidity.

This results in erratic price spikes, liquidity gaps, increases to the cost of trading and ultimately is not to the benefit of the trader. We will create a fair mid market price by allocating the mid price for each market to oracles that will set the mid that other makers will have to trade around. This is already done in financial markets as many high frequency firms create a proprietary view of the market using a similar process of oracles or, in their case, price makers.

Team

Nauman Anees

CEO & Co-founder

Faizan Anees

Director & Co Founder

Michael Herron

CSO

Adil Siddiqui

CCO

Caroline Olsen

Marketing Manager

Keith Goldson

Marketing Advisor

Alla Polyanskaya

Audit & Compliance Manager

Naeem Aslam

Chief Market Analyst, ThinkMarkets

Ryan Case

Head of Sales Trading & Partnerships – Europe at ThinkMarkets

Mark Gosha

Senior Project Manager

Jai Bifulco

Marketing Director, ThinkMarkets

Harley Salt

General Manager, ThinkMarkets

Andrew Lowry

PR and Content Manager

Imane Benhima

Digital Marketing Manager

Jacob Galea

Head of Sales, APAC

Atanas Tashev

Head of Mobile Team

Hristo Katsarski

Senior Java Developer

Martin Benkov

Development Manager

Panayot Stoyanov

Head of Design & UI/UX

Aldin Music

IT Engineering Manager

Strahil Shorgov

Senior Software Developer

Alexandra Laleva

TradeConnect Product Manager

Atanaska Ilieva

Web & Digital Designer

ThinkCoin Advisors

John Farrell

Marek Kirejczyk

Sena Gbeckor-Kove

Christina Czeschik

Cal Evans

Rodolfo Festa Bianchet

Jay Best

Chairman, Cogni Capital

Paul Hill

Non-Executive Director, ThinkMarkets

Lidia Dumatrascu

Partner, VentureBoost Group

Yagub Rahimov

CEO, 7marketz

Ashley Aberneithy

CEO, analytic.ai LinkedIn

Ben Swann

Director, analytic.ai

Natallia Hunik

Global Head of Sales, Advanced Markets LLC & Fortex, Inc.

Milestones

April 2018
ICO closes and TradeConnect Alpha released.
May 2018
ThinkCoin Token (TCO) listed on crypto exchanges for trading.
July 2018
TradeConnect network goes live in Beta for select clients.
August 2018
TradeConnect enabled for trading on cryptocurrencies.
October 2018
TradeConnect network trading begins in FX and CFD Products.
November 2018
ThinkMarkets joins TradeConnect network and begins integration of its retail users.
December 2018
Estimated approval of TradeConnect US Exchange License.
January 2019
TradeConnect begins offering trading in equities, commodities, futures and other exchange products.
March 2019
TradeConnect allows trading in physical equities for investors in Japan, Europe and Australia.
July 2019
TradeConnect IPO.

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1 Comment
  1. Reply
    Alexander
    15.04.2018 at 9:17 am

    I think this project has right to exist because their idea is workable and needed for traders.

    Leave a reply

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