DECOIN - 1st Blockchain Profit Sharing Exchange Platform

yvainewars (7)in #investment • 6 years ago

DECOIN is a blockchain-based cryptocurrency trading and exchange platform which will redistribute any profits it makes to its token holders. The platform will utilize a secure technology incorporating the use of cryptocurrency to fully exploit the potential of aligning the decentralized nature of blockchain technology. Consequently, DECOIN will have built a worldwide exchange platform that will build up the interest of cryptocurrency adoption through the profit-sharing system.

Problem

Neither the DECOIN website or their Whitepaper explicitly state what problems they are addressing. When reading them however it’s evident that they’re focusing their exchange to address several problems that currently affect the cryptocurrency space. These include:

The extremely large revenues that cryptocurrency exchanges obtain & the resultant concentration of wealth among several big players
Cryptocurrency exchanges being highly vulnerable to hackers
Knowledge asymmetry among cryptocurrency investors
Difficulty in using cryptocurrency to purchase goods & services
It’s impossible for a single team to solve these problems completely. However, if the DECOIN team can address these issues for their user base, their product will be very attractive to cryptocurrency users.

Solution

DECOIN aims to solve these problems by creating a Cryptocurrency Exchange and Trading platform which has features integrated that will solve the four problems above for their user base. These features include:

Their Cryptocurrency (DTEP) that will re-distribute profits proportionally to DTEP coin holders gained from fees charged on their trading platform. DTEP coin holders will also be able to stake their coins for an annual interest rate of 6.2%.
Their Exchange platform will be following “financial industry standards” when it comes to securing their platform and users cryptocurrency. This included multi-layered real-time authentication & keeping most customers funds in cold storage.
A multilingual Online Customer Service that will inform and answering queries that their userbase has regarding trading and investing in cryptocurrencies.
A credit card which their users can use to spend the digital currency that is stored in their accounts to purchase Goods & Services.

If these features are correctly implemented, they will mostly address many of the problems mentioned above.

Product

DECOIN’s product is an open source peer to peer digital ecosystem which has its own digital currency, DTEP, which is powered by an Exchange and Trading platform, D-TEP, for redistributing profits to DECOIN holders.

With D-TEP, they aim to build a world-renowned, quick-action easy & simple multicurrency-exchange and trading platform, which would share the exchange’s profits with all of its coin holders. The top-notch security that they would provide would promise users a relaxing, calm and reliable experience.

The platform is secured with the help of multi-layered real-time authentication which helps in protecting trades and withdrawals. It is scalable and quick and even pays users to display their activities anonymously so that the other users learn from them.

D-TEP would also offer financial tools to traders. Tools like the contract for difference (CFD) would help traders in taking advantage of the volatility of the market. They have a team of analysts who provide them with periodic reports on whatever hits the spotlight.

DECOIN Vision and Mission

Decoin vision and mission are to be the world’s leading cryptocurrency exchange and trading platform.

You will be our partner in profits. DECOIN stands for “The coin of the people” with the intention of sharing the liquidity pool and profits of the exchange with our contributors.

Our mission is to have a state of the art Exchange platform for cryptocurrency users in order for them to exploit their full potential aligning with the decentralized nature of the blockchain itself.

Advantage Decoin

Secure
To protect our customers and prevent security breach's : 97% of customer’s funds are stored offline. The remaining 3% traded actively are insured and safeguarded against malicious hacks.
Technology
D-TEP Exchange allows for orderprocessing of up to 1 million matches / second. We can assure a seamless process with no delay or lag when using D-TEP.
24 X 7 SUPPORT
Any question, assistance or request you have will be answered by our online customer service, chat, email, etc.
Anonymous
Transactions are not tied to any personal information. Other users can only see the activity associated to a particular wallet address.
Strong Distribution Platform
Each of DECOIN’s experienced management team has no less than 10 years of experience marketing and selling financial instruments.
6.2% Annual Return
Designed to distribute an annual return to all stake holders, due to Proof of Stake consensus algorithm.
Credit Card
DECOIN is the first company that enables a Credit-Card connection to your own exchange and trading platform account.

How Does Decoin Work?

As a profit-sharing exchange platform, DECOIN will build a trustless system to ensure a comfortable and quick settlement of the profit distribution. The technology behind this is the POS consensus algorithm which will work for all the coin holders. The users get to stake or mint DECOIN in the provided e-wallets that carry a 6.2% interest rate per annum. Additionally, the profit rate will rely on the amount of DECOINs the user holds, meaning the more the tokens, the higher your profit.

Features Decoin Blockchain Technology

Secure – following financial industry standards, D-TEP protects all sensitive data stored onto its own platform. Multi-layered real-time authentication encircles our trading platform, protecting withdrawals and trades out of the market, while providing maximum security on our customer base.
Scalable – capable of executing up to 1million match per second, making D-TEP one of the quickest and most scalable exchanges on the market nowadays, in a position to deal with the enormous volumes of trading expected.
Quick – D-TEP uses innovative technology that enables us to execute buy/sell orders swiftly – without the lag that characterizes many of the exchanges active today
Social Trading – leading dealers on D-TEP that are interested and consenting will get DECOINS to have their own activities tracked and displayed anonymously, allowing other traders to learn by their expertise and experience.
Trading Tools – D-TEP also plans on providing financial resources like funding for difference(CFDs), allowing traders to take advantage of deals moving up or prices moving down on underlying financial tools.
First Crypto Index – To make the trading experience as seamless, enjoyable and profitable as possible for our partners and users, DECOIN/D-TEP is launching its first crypto index (DCI).

Profit Redistribution

A core concept of the DECOIN is our sharing economy.

We have undertaken to redistribute back to our coin holders up to 60% of our profits on our exchange.

We offer four different types of yield:

Profit Sharing – a percentage of the profit sharing generated on D-TEP. DECOIN will distribute up to 60% of its profits on D-TEP, as follows:
1. 1st year of activity Up to 40%
2. 2nd year of activity Up to 50%
3. 3rd year of activity Up to 60%

The profits will be distributed pro rata between holder of DECOIN’s in direct relation to their holdings

Proof Of Stake (POS) – All holders of DECOIN will achieve a 6.2% rate of growth Per Annum for staking the coins in their online DECOIN wallet.
Discounted Trading Fee’s - for all holders of the DECOIN 40% discounted fee if you have DECOIN coins and you want to use them as the fee payment method (0.15% fee instead of 0.25%).
Value Creation - Potential increase in DECOIN value following the embracement of DECOIN’s one-of-a-kind Ecosystem.

The Business Plan

Unfortunately, DECOINs business plan is the weakest part of their Start-up. Although I’m sure that they have a more detailed business plan circulated among their team, the information they provide publicly is short of technical detail. This may deter investors who were hoping to learn more as to how & why they are implementing the exchange how they outline on their website and whitepaper.

Another concern is the Q3 launch of their Trading & Exchange platforms. Between now and release, it is expected that there will be many new cryptocurrency exchanges competing for trading volume. Existing platforms will also be continuing to innovate to maintain and grow their market share.

The final concern relates to the ambiguity as to how much of the profits DECOIN will share among coin holders. Currently, the Whitepaper only states that ‘up to 40%’ of profits will be shared in the first year, ‘up to 50%’ in the second year and ‘up to 60%’ in the third year (14). The wording provides investors with a lot of uncertainty, and there isn’t any mention if profit sharing will occur after the 3rd year of operation.

Token Details

Name: DTEP
Platform: Algo
Type: Coins
Price at ICO: 1 DTEP = 0.9 USD
BONUS Sale: 50%
Tokens for sale: 42,000,000
Accept: ETH, BTC, fiat
Distributed in ICO: 60%
Soft seal: 4,000,000 USD
Hard cap: 30,000,000 USD