The Collective, a community development project is a revolutionary exchange which aims to incorporate both the advantages of a decentralized and a centralized exchange. The Collective exchange will offer a marketplace for new and upcoming cryptocurrency projects to list their tokens at no cost, thus solving the problems of outrageous fees charged to list a new token by lots of existing crypto exchanges.
In order to raise funds for the development of the project as typical of every upcoming project, an Initial coin offering (ICO) was scheduled to hold in the first quarter of 2019. However based on the recent transition of fund raising for new cryptocurrency projects from initial coin offering (ICO) to Initial Exchange offering (IEO) due to the outweighing advantages of the latter, the Collective will now launch an Initial Exchange Offering.
The IEO is scheduled to hold on chaincreator exchange (https://trade.chaincreator.exchange/#/trade) on 6th of May 2019 and will last through 15th of July, 2019. During this period, Collective tokens (CDEX) could be purchased on the chaincreator exchange with BTC, ETH and USDC at the rate of 0.01USDC per CDEX. Preregistration for the IEO will commence on May 1st 2019. 20% bonus will be given to investors for a certain period after which bonus will be reduced to 10%. During an IEO, investors rather than send their contributions to a smart contract (as in an ICO), will fund their exchange wallet with BTC, ETH or USDC and these funds would be used in purchasing the CDEX tokens. Conducting an IEO is a proof that the Collective project is a legit one as one of the benefits of an IEO is the fact that it eliminates dubious new projects from the cryptographic space, this offers peace of mind as investors are assured that the project has met with the requirements of the exchange on which the IEO will be conducted.
Funds from the IEO will be used for the following:
Creation of a fully functional decentralized exchange which guarantees easy and secure trading of ERC-20 tokens. The decentralized exchange ensures that trades of assets directly occur between users and doesn’t require them depositing funds on the exchange before trades can be conducted.
Creation of a centralized exchange known as TraderOne to accomodate trading of several cryptocurrency assets. TraderOne will present with a user-friendly interface built on secured cold storage, 2-factor authentication and an advanced vault technology which guarantees the security of users’ funds. Loyalty rewards will also be offered on trades conducted on the exchange.
Establishing a collective global initiative which aims at establishing and providing a secured environment for the benefit of everyone in the cryptographic world
Funding the development of collectiveGO game: The collectiveGo which also serves as a source of revenue for Collective platform is an augmented reality video game that will be played on mobile phones with the aid of the phone camera. While the game is being played, players may win various digital and cryptographic assets. New projects can also advertise their projects on the gaming platform. Hence while enjoying the fun that comes with playing the game, users can also gain information about upcoming cryptocurrency projects.
For more information about The Collective, kindly visit:
Website: https://www.thecollectivegroup.org/ico/
Whitepaper: https://www.thecollectivegroup.org/ico/WP_Collective.pdf
Facebook: https://www.facebook.com/groups/1176407375842141/
Telegram: https://t.me/thecollectivego
BountyOx Username: Crypto4ruby
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