CATENA DEX- facilitating trade for the future
Trading in life is virtually inevitable in itself. Every human, everywhere in the world at one point or another gets involved in a trade, in one form or another be it as the seller or buyer. For this trade to be considered successful, however, is something else as both parties have to meet the agreed terms of the deal and be satisfied with the process they went through to do that.
Trade, over time, has gone through series of transformations in the way it is to be carried out. With the increase in trade volume and the ever widening of markets and new commodities or services to trade there is need for better ways to handle trade deals that make the process not only easier but safer. To do this, centralized trading platforms had tried their best to use several methods and technologies known to man but this hasn’t yet provided the perfect haven away from the current challenges beguiling the trading sector most common of which is fraud by unscrupulous elements, difficult processes and high tariffs. Fortunately for us all, though, the blockchain technology came along with the provision of security to conducted transactions. A team of bright and well experienced minds quickly recognized this opportunity and its wide benefits in the trading sector and came about with the Catena decentralized trading platform.
What is the Catena project all about?
This project seeks to solve the multitudes of challenges currently faced while trading with cutting-edge technology and innovative ideas. The platform, unlike some others that have just the blockchain technology, comes along with two unique packages to facilitate and ease trade for a wide of customers. These are:
EFFICIENT TRADING PLATFORM (ETP)
This provides a comprehensive and wholesome range of smart contracts for all forms of trade that can be easily accessed and done by intending trading parties without special need for a background or knowledge in coding. The terms of contracts such as payment processes, shipping procedures, product parameters and quality and the likes are specified under the smart contracts for the parties involved to adhere to without fear of any manipulations of sorts.
CATENA ORDER MATCHING ARTIFICIAL INTELLIGENCE (COMAI)
With the use of artificial intelligence, the platform uses game theory to guide all parties to a deal to help them find the best deals and the best routes to follow to get there. For example, a farmer that seeks to sell his oranges will get connected to an orange juice company that is on the platform looking for new machinery for their factories.
SOME CATENA SOLUTIONS
Freedom from fraud – with the use of the immutability of transactions on the blockchain and the lack of need for third parties that the Smart contract provides, traders are more rest assured that the other party with whom they are trading aren’t going to swindle them out of their resources.
Payments made easy – with the presence of a cryptocurrency exchange platform and use of CATENA tokens to access the platform, on Catena, payment challenges faced on other trading platforms are reduced to their barest minimum.
Low transaction fees – with Catena, the days of paying exorbitant amount in the name of platform fees are over together with the lack of payments made to third parties for trade processing.
TOKEN USED
The token used to power the platform is the CATENA token. It is currently being used for the token sale and will be used to pay for access to the services on the platform when it launches.
ROADMAP
The first quarter of 2018 – token sale
The second quarter of 2018 – launch of ETP on GitHub and launch of the decentralized cryptocurrency exchange
The third quarter of 2018 – launch of the decentralized commodities exchange platform
The fourth quarter of 2018 – launch of the barter ecosystem that uses the COMAI.
The first quarter to trade of 2019 – global expansion and scaling
TOKEN DISTRIBUTION
Total tokens – 250 million CATENA
Total tokens sale cap – 10 million USD
ICO – 58%
ICO partners – 2%
Team – 15%
Advisory and early buyers – 3%
Resolution center – 20%
Bonus/bounty/incentive – 2%
TEAM
Mino El Hamy Samy: is the founder and managing director of the company with 10 years working experience in global trade and manufacturing especially in Middle East and Northern Africa
Michael Samy: is the Co-founder and system architect. He is a blockchain and Smart contract expert with over 8 years in experience in business modeling, R&D, quality development and consultation.
CONCLUSION
The need for a secure and reliable trading platform can never be over emphasized. Business empires have been built and destroyed over trade. So the inception of a secure, trustworthy and easy to use platform for trade is not only a welcome development but a source of relief to traders all over the world. This coupled with a team of dedicated and well experienced team of experts driving the project we all keep our fingers crossed to witness the game changing way the Catena platform will change the global trading process as we know it.
MORE INFO
For more information, check out the following user friendly links and sites. There’s someone on the other end waiting to attend to you and answer all your questions.
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