The Collective -Crypto Exchange in High Performance
Since the invention of the master of Bitcoin's crypto coin, Satoshi Nakamato, the various coins and other subcoins there have been in a remarkable position in the adoption of a blockchain technology. Furthermore, various projects are supported using Blockchain technology. Play, banking, tourism, social media and almost many industries have started to use blockchain technology to facilitate their daily activities. There are problems with the operation carried out in the ecosystem in spite of the recommendations that Blockchain technology offers to its adopters. In the block chain, we don't have to go into too much stress before the fraudulent cases are concluded, and this is largely due to the low level of security.
Illegal market activity and the lack of practical benefit for non-technical or average users are also some of the problems encountered in the block chain. In recent years, there have been several cases of funds lost in Ether on the Ethereum blockchain. In the 7th month of 2017, the fragility in Parity caused the loss of Ethereum worth about $ 30 million. However, there have been various strategies to alleviate or stop this misfortune, but there are cases.
As technology evolves, individuals are accustomed to the financial system. Although the average user can work with higher productivity, there are some local currencies whose goals are to keep the circulation at the local level. Non-technical communities, however, cannot form their own currencies, and even if they do, currencies cannot be assessed against one another. This is where the Blockchain technology goes into a minimalist localization, transforming huge states into a tiny village. In this last phase of money technology, the locality has evolved from a single region to a "Collective" unit that concerns the whole world.
The Collective Society is the technology company of a small island country in the UK called Guernsey in Europe and has several projects at the same time. The main objective of the project is the construction of a community that is dedicated to the technology of Blockchain, from the very beginning to the end, to follow-up, analysis and sustainability of a system dedicated to Blockchain technology, in the management and support of ICOs and market-emerging coins in the incubation period.
The Collective Exchange is another product offered by The Collective Community. The major feature of this stock market is that some of the major stock exchanges (Binance, Bittrex, Bitfinex, Poloniex) are not one of the decentralized exchanges. Justification is important because one of the most important phenomena in the emergence of Blockchain technology is decentralization, which cannot be traced in a peer-to-peer manner and cannot be pursued. The fact that binance and other major stock exchanges do not have this important fact of the Blockchain, in contradiction to its philosophy, The Collective wishes to be a part of a large community, compatible with its philosophy, aiming to be like the other masses (Bitshare, Waves, 0x Protocol).
A decentralized stock market is much safer, independent of third-party applications and units, as it is built freely from the control of countries, demanding lower transaction fees and allows you to stay more anonymous while roaming and operating your money in the market. In addition, $ 470 million of money has been stolen from crypto exchanges, and one of the main reasons for this is the control of the unregistered units by a single hand and a single heart. In this way, hackers who want to defraud the market simply take over the center and hack all the cash funds here, damaging Blockchain technology and investors.
The CDEX stock exchange is also an important step for implementing one of Blockchain's biggest philosophies. He also believes he can list his own stock exchanges without charge. As you know, exchanges like Binance demand millions of dollars to list any coin in their stock exchanges and try to use the power they have as a means of exploitation. In order to support the Blockchain community more, CDEX wants to make the project much larger and more useful by offering the project the possibilities of free listing for the coins it believes in.
Operating Process in CDEX:
-A user creates an ERC-20 token, holds a new order, choosing the ETH amount in return and whether there is a buy or sell order.
-System creates a secure encryption mix of this order.
-System uses a user's Ethereum private key to sign the order mix.
-System sends a fully verified order chain to wait for a transaction.
-When someone wants to trade against the order, the order information is processed with a smart contract.
-A smart contract verifies the validity of the order's source.
-The smart contract also makes sure that the order has not expired or has not been completed.
-Funds are transferred.
In the ico page, they offer us to buy CDEX tokens. The team plans to build two types of exchanges, decentralized and centralized, and circulate the token between them. Also, the team wants to try themselves in the gaming industry by building the platform CollectiveGO.
Result:
CDEX's intention is to return the list and liquidity to the hands of the community, rather than just making a decision based on their own interests. It aims to achieve this by giving loyalty rewards to the CDEX users to trade on the platform. It will provide a discounted fee structure for qualified users and will give members of the Community an opportunity to review the companies they intend to trade on the stock exchange.
Participation conditions are as follows:
price of the CDEX token = 0.01$, minimum 1000 CDEX
Pre ICO round 1 had 50% bonus, Pre ICO round 2 40%, sale stage 3 bonus 30% and public sale onus 20%.
The Token Distribution:
It worth to mention that Javvy is one of their clients, which in terms of preparation shows itself from the best side. So basicly the clients and the partners.
The distribution money earned from the sale of the token:
45% Development
35% Operating expenses
10% marketing
10% of the Agreements and the contracts
With the finished product, it is obvious that the team makes a big bet on improving their project and its further support.
The Road Map:
The Team:
For More Info:
WebSite: https://www.thecollectivegroup.org
Whitepaper: https://www.thecollectivegroup.org/ico/WP_Collective.pdf
Telegram: https://t.me/TheCollectiveFusion
Twitter: https://twitter.com/TheCollectiveGo
Medium: https://medium.com/the-collectivego
Linkedin: https://www.linkedin.com/company/the-collectivego/
Bountyhive Username: barlasb
My Bountyhive Adress: bountyhive.io/r/barlasb
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