[ REVIEW ICO | EN ] 🔥[COOPEX]-The Coperative Exchange 🔥

duyhenry (13)in #ico • 6 years ago

The Blockchain Technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors.

What is COOPEX?

COOPEX is the worlds first cooperative exchange. What does that mean? Basically it means that COOPEX gives 75% of their earned trading fees back to the fans of the project. At the moment they’re running an ICO for their exchange. The soft cap is only 500.000$ and the hardcap only 1.000.000$. The price during the ICO will be approximately $0.10/COOP, and the prices in BTC/BCH/ETH may be adjusted to meet that price.

SERVICES

We provide an array of trading services for our customers.

Trading
Utilize our fast and responsive trading UI to exchange new tokens with major coins. We plan to move Ethereum and ERC20 tokens to a decentralized exchange in the future.
Exchange Listings
We provide exchange listing services for your favorite projects and we do not charge listing fees. Interested in listing on COOPEX? Please fill out the form here.
Token Buyback
Once a month, COOPEX will aggregate at least 75% of exchange trading fees and use them to market buy and burn COOP exchange tokens. We won’t tell you until afterwards, so don’t keep your sells open!
Exchange API
We provide an API for developers to build on top of our exchange (currently under development).
Marketing
We believe that an exchange is only successful insofar as it is able to market and advertise itself. The biggest exchanges are the ones that pay heavily for marketing. The COOPEX team will use 50% of all ICO funds raised for long-term marketing. We are confident that our ICO funding will give us a large enough marketing fund that we will never actually run out of it entirely – and if we do, we plan to use our percentage of trading fees to supplement the marketing budget. However, being a cooperative, we also expect our users to market the exchange. After all, 75% of exchange revenue is given back to its users via the COOP token.
COINS
COOPEX offers trading pairs with many different coins and tokens. We plan to primarily list new ERC20 tokens and pair them with industry-leading coins such as Ethereum, Bitcoin, and Bitcoin Cash.
COOP Token
The Cooperative Exchange Token (COOP) is the COOPEX platform token. Every month, 75% of COOPEX trading fees will be collected and used to buy back the COOP token and burn it. The token will be bought on the actual COOPEX market at market price. We will not perform any OTC trades. This token buyback program will increase the price and decrease the supply, incentivizing exchange users to buy and hold the token. The COOPEX project is committed to decentralization.

ICO Details:

The pre-ICO began on June 28 and lasted until July 1.
The ICO began on July 3.
The ICO will last for one month or until 9,000,000 tokens are sold, whichever comes first.
The price during the ICO will be approximately $0.10/COOP, and the prices in BTC/BCH/ETH may be adjusted to meet that price. Current prices are as follows:
1 COOP = 0.0000144 BTC
1 COOP = 0.00012 BCH
1 COOP = 0.0002 ETH (currently disabled)
Any tokens unsold by the end of the ICO will be burnt.
Please note that participation in the ICO and use of the exchange is limited to non-US citizens only.
Expected circulating supply: 10,000,000
Expected total supply: 12,000,000

Roadmap

COOPEX founded
April 2018
The idea for the Cooperative Exchange is created and a team is assembled.
Backend development completes
End of May 2018
Development for the backend of the exchange completes. The exchange is in a closed alpha mode.
Pre-ICO begins
June 18, 2018
The front end is completed, the Whitepaper is written, and COOPEX opens in beta mode. A pre-ICO for the COOP token begins.
Pre-ICO ends
July 1, 2018
The pre-ICO ends and preparation for the full ICO begins.
ICO begins
July 3, 2018
The full ICO begins with several currency pairs. Some active markets may also open during this period. The exchange is still in its 'beta' version. Marketing campaign begins.
Complete COOPEX API Development
End of July 2018
The COOPEX API will allow other developers to build tools on top of our exchange. The API is currently under development and we expect to finish by the end of July.
ICO ends, COOPEX officially opens
On or before August 3, 2018
The ICO will be completed either on this date or when 9,000,000 COOP tokens are sold. At this time or soon after, the exchange will officially open in 'production' mode, with bug fixes. Marketing campaign is ongoing.
Front-end UI improvements
August 2018
The exchange UI will be updated to feel more modern and responsive. We intend to introduce an easy-to-use yet intuitive trading UI. The first token buyback will also occur during this period.
Introduce market-making solutions
August 2018
We aim to partner with a market-maker and liquidity provider for our customers. We understand how important liquidity is in a market and we plan to use ICO funds to provide these services free of charge.
Introduce margin trading
End of August 2018
We are currently working on a margin trading solution for COOPEX and we are planning to finish by the end of August 2018. Our margin trading platform will feature shorting and longing on a selection of our markets. Leverage trading will be available as well.
COOPDEX Development Completes
September 2018
Development for COOPDEX, the Cooperative Decentralized Exchange, will begin in late June 2018 and we aim to complete it by September 2018. This will take time as we will be rebuilding a large portion of the exchange.
Open OTC trading and liquidity desk
Q4 2018
We aim to provide liquidity solutions for other exchanges via market-making, as well as an OTC desk for institutional customers.