Hello everyone, this new post I want to introduce about a very interesting and good project that is Cloverdex, and for more details, let's just go to the following discussion:
Cloverdex will provide a modular hybrid decentralised exchange and secure multi-currency wallet (implementing multi-signature technology) with strong focus on cryptocurrency market analysis and knowledge sharing, user accessibility and friendliness, social trading, and best practice regulatory and legal compliance.
WHAT IS CLOVERDEX?
Cloverdex is a platform that consists three products:
Modular hybrid decentralised exchange;
Secure multi-currency wallet; and
EFTPOS debit card – every day purchases using cryptocurrency seamlessly
Watch this video!
This platform aims to address the seven challenges facing cryptocurrency exchanges today:
Usability – current exchanges involve too many steps and are tailored for advance users or assumes that the user has pre-existing knowledge
Security – cryptocurrency exchanges have been susceptible to hacking and internal fraud because of lack in security focus and funding.
Liquidity – having not enough people trading on an exchange results in greater difficulty to trade, higher asset costs for investors, and difficulty in withdrawing funds in fiat.
Transparency – Hidden trading fees and commission charged results in higher investor cost and lack of trust.
Compliance – customers are hesitant to enter the cryptocurrency market due to perceived uncertainty in regulations and laws.
Education – most exchanges cater to advance traders and lack proper education and easy to use tools for beginner investors.
Accessibility of funds – current solutions to bridge traditional payment infrastructure and blockchain based assets are not seamless and involves high transaction fees either through upfront fees or currency conversion rates, both of which form a disincentive for use.
How it Works?
MODULAR HYBRID DECENTRALISED EXCHANGE
Incorporating the speed and liquidity of centralised exchanges with the security afforded in a decentralised exchange where the user owns their private keys.
The Cloverdex trading platform will cater to both beginner and advance users through our 3-step ethos. This means that all actions (e.g. registration, trading) can be completed within 3 steps.
In addition, Cloverdex exchange will offer the following:
- Multiple Fiat pairings – up to 10 different fiat pairings initially with more to come.
- Support over 100+ cryptocurrencies and tokens.
- Transparency – no hidden fees.
- Security – 2 Factor Authentication and Multisig implementation. Periodic external security audit by a reputable firm.
- Liquidity – maximise liquidity and best available prices by tapping into external exchange pools.
SECURE MULTI-CURRENCY WALLET
- Full control and ownership of your crypto assets.
- Simplified crypto asset management and transacting.
- Store a multitude of cryptocurrencies/tokens.
- Manage Debit Card settings.
- Private key ownership.
- Strong security focus – 2FA and multisig
EFTPOS DEBIT CARD - HIGHLY ACCESSIBLY USE OF CRYPTOCURRENCY
- Instantaneous and seamless use of cryptocurrency for every-day purchases.
- Usable at millions of EFTPOS terminals around the world.
- Planned future integration with Google Pay and Apple Pay.
- Convert crypto assets to fiat currency at point of purchase.
- Full control of debit card – transaction limits and weekly/monthly spend limits.
DISTRIBUTION OF TOKENS
FUNDS USAGE
ROADMAP
August 2018
- Whitepaper
- Development of alpha prototype
- Development of promotional material (video, website)
- Community engagement and building
December 2018
- Pre-sale
- Pre-sale will start mid December 2018.
- Start Selection and negotiations with payment processor
- Intensify Marketing initiative
January 2019
- Technical talent procurement
- Technical talent and development team formed.
- Intensify Marketing initiative
February/March 2019
- Public crowdsale
- Public crowdsale commence
- Audit of crowdsale results.
Q1 2019
- Beta exchange and wallet launch
- Closed Beta launch early in the year.
- We plan to be listed on at least two major token exchanges early in the year.
- Public Beta launch with external exchange trading support and support for more fiat pairs March/April 2019.
- First major security audit by external service provider.
Q2 2019
- Full release
- Full public release of Cloverdex exchange and secure multi-currency wallet – includes up to 10 fiat pairs.
- Debit Card support added and shipped to customers.
Q3 2019
- Major enhancement release and internal testing of hybrid decentralised exchange module
- Increase number of fiat pairs based on customer demand.
- Support for over 100+ cryptocurrencies and tokens. We will be conducting a vetting process so to ensure only quality cryptocurrencies/tokens are available on the trading platform.
- Internal testing of hybrid decentralised exchange module.
Q4 2019
- Hybrid Decentralised Exchange migration
- Seamless migration of trading platform to a hybrid decentralised model.
To find more relevant details please follow several sources for the following references:
WEBSITE: http://www.cloverdex.io/
TWITTER: https://twitter.com/cloverdex
TELEGRAM: https://t.me/cloverdex_community
Author:
Username: samuraijin
ETH Address: 0x3f9bb3679f1B71F22d823992078244C87EF4D455
0 Comments