CATENA TRADE- FASTER, EASIER AND MORE SECURE
It is undisputed that trading, simply known as buying and selling of goods and services, is the oldest profession known to man done by every generation of human race from the very beginning in different forms and using various currencies carried out by all from nations and multi-national companies to the common man on the street trying to eke out his source of livelihood. Up until now, every day of our lives, we all participate in one form of trade or another and pay in one form or the other. With the expansion and development of ways by which this can be done, more and more businesses are being sprung up every day, more traders and more goods to buy or services to be rendered for a price. Trading is so important to human life that virtually no human activity is possible without being involved in one form of trade or another (think about it).
With the constant increase in global trade volume and value, there is also a need for an equivalent increase in the ease and safety measures that ensure that this very essential activity is carried out under to prevent people being robbed of their hard-earned resources or frustrated from carrying out a trade as the case may be. This is where Catena platform comes in. the catena decentralized trading platform is a blockchain based platform developed by a well-experienced team with ample experience in the trading industry and hence the challenges that bedevil it and that offers its participants an escape from them while also improving the process by which it is carried out making it easier and more satisfactory to the parties involved.
CURRENT CHALLENGES AND CATENA SOLUTIONS
Some of the challenges faced by parties to a trade recognized by the team and that the Catena decentralized trading platform and the ways it seeks to solve them include:
• FRAUD: with the presence of an unhealthy amount of fraudsters willing to swindle unsuspecting buyers and sellers alike out of their money and resources, there has been an increase in the hesitation by people to carry out a trade with parties that they don’t have easy access to and can effectively monitor. This then hinders these parties from accessing much-needed items or resources they may need form other sources. To overcome this challenge, these parties are then pushed to third parties with their exorbitant fees and hectic processes to ensure the safety of the trade they are about to participate in.
- CATENA SOLUTION: taking advantage of the immutability of the blockchain, the parties to a trade are rest assured that none of their transactions are tampered with in any way. Also, traders on the platform are, through the Catena efficient trading platform (ETP), exposed to a comprehensive array of Smart contracts that facilitate a very wide range of trades without even need for previous technical experience or knowledge of code, thereby removing the need for third parties to ensure compliance with the terms of the contract.
• PAYMENT HICCUPS: it is agreeable that challenges faced trying to pay for a good or service can be very frustrating. This could arise from fiat conversion to finding the right and most cost-effective payment platform and so on.
- CATENA SOLUTION: to solve this, Catena provides a wide range of payment options for the trading parties replete with the ability for them to be converted to other forms.
• CENTRALIZED PLATFORMS: with the cost of maintaining the servers of centralized trade platforms and their constant security risks, parties to a trade are in constant fear of losing their investments to the hands of dishonest elements and are hence forced to rely on third parties fund holders.
- CATENA SOLUTION: with the use of the blockchain and its advantage of immutability and low cost of maintenance, Catena decentralized trading platform offers a trustworthy platform with relatively low transaction fees and no need for third-party involvement in trades.
THE CATENA ROADMAP
1st quarter of 2018 - token sale
2nd quarter of 2018 – the launch of the decentralized crypto exchange platform and the placement of efficient trading platform (ETP) on GitHub
3rd quarter of 2018 – the launch of decentralized commodities exchange
4th quarter of 2018 – establishment of the barter ecosystem
1st quarter of 2019 – global expansion and scaling
TOKEN SALE
Total token sale: 250 million CATENA tokens
Token sale cap: 10 million USD
TOKEN DISTRIBUTION
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 the 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&, quality development and consultation.
The entire team is composed of well experienced (about 50 years between them) and dedicated minds with ample exposure to various forms of trading and the innovations with which it can be carried out to make it easier and more secure.
MORE INFORMATION
For more information about the Catena decentralized trading platform, check out the following links:
BountyOx username: abdulmutalib1995