The World's First Cooperative Cryptocurrency Exchange
Currently, there is a huge number of exchanges and cryptocurrency assets. We will not take into account the TOP exchanges, but we will talk about smaller and medium-sized representatives of the crypto industry
In the past, known facts that prevented developing projects to get to the stock Exchange and get a ticket to life... Fraudulent actions have turned quite promising coins into a miserable existence!
Verify (CRED), Private Bitcoin (BTCP), STRAKS (STAK) - one of the brightest representatives of which was a fiasco due to the illegal actions of stock exchanges of the night!
We present to your attention the project "COOPEX"
What are the criteria for the exchange to be divided?
number of traded pairs
trading volume per day
security
transaction fee
restrictions on withdrawals
ways to replenish the balance
About Cooperative Exchange
The current state of exchanges in the cryptocurrency space is improper at best, and downright detrimental to the expansion of the industry at worst. New projects struggle with being listed on a decent exchange, regardless of the project’s merit or userbase. Many exchanges charge ludicrous fees to list a new token and take grudgingly long to do so, even after receiving payment. In many cases, this ruins the credibility of the project and bankrupts its investors. Further, users of exchanges are often charged high fees for every action they make. Deposit fees, maker fees, taker fees, and withdrawal fees all go to the exchange, never to be seen by the user again. What do exchanges do with all of the money? They certainly don’t need all of the millions that they make. Their fans, the users of the exchange, should be able to reap the rewards of exchange growth and trading. With your help, COOPEX intends on solving these problems.
- 75% of trading fees are shared with token holders in monthly buyback program
- Zero exchange listing fees for ERC tokens
- 50% of ICO funds go towards marketing
- Easy-to-use trading interface
Features
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.
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 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.
Exchange API
We provide an API for developers to build on top of our exchange (currently under development).
Margin Trading
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.
Technical Info
INITIAL COIN OFFERING
COOPEX is launching an ICO for the COOP exchange token. The ICO is currently ongoing on the exchange. If you are interested in participating in the ICO, please log in, deposit some ETH and visit the COOP/ETH market (click on "Markets"). Throughout the ICO, the COOP market will be in a 'locked' state, meaning you cannot place any buy or sell orders. You can only buy the token for the listed ICO price. Click on the order with the "Click here" text below it and then click "Buy COOP" at the bottom to purchase your COOP tokens. The ICO will have pairs for BTC, BCH, and ETH, but the pre-ICO is only available for ETH. Currently, withdrawals for COOP are disabled, but will be enabled in the near future.
ICO Details:
The pre-ICO began on June 18, 2018. The pre-ICO will last for ten days or until 1,000,000 tokens are sold, whichever comes first. The price during the pre-ICO will be approximately $0.05/COOP. So 1 COOP = 0.0001 ETH and 1 ETH = 10,000 COOP.
The ICO will begin on July 1, 2018. 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. The price in ETH, BTC, and BCH will be determined at the start of the ICO. Any tokens unsold by the end of the ICO will be burnt.
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.
For more information:
Official site of the project: https://coopex.market/
Whitepaper: https://coopex.market/Coopex_Whitepaper.pdf
Telegram project channel: https://t.me/coopexmarket
Twitter: https://twitter.com/coopexmarket/
Facebook: https://www.facebook.com/coopexmarket/
Author:
Gugun189: https://bitcointalk.org/index.php?action=profile;u=1366850
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