Decoin
DECOIN is a coin based on the blockbuster "profit sharing." DECOIN builds an internationally known, fast, easy and simple multicurrency exchange and trading platform that shares its exchange profit with all its coin holders. In addition, first-class security DECOIN promises its users an easy,
a relaxing and reliable trade route to ensure completed deals.
Problems:
Neither the DECOIN website nor their technical document clearly indicates what problems they are solving. While reading them, it is obvious that they are concentrating their exchanges to solve several problems that currently affect crypto-currencies. These include:
Extremely large revenues that are received by the crypto-exchange exchanges, and the resulting concentration of wealth among several large players;
Crypto-currency exchanges are extremely vulnerable to hackers;
Asymmetry of knowledge among crypto-currency investors;
The complexity of using crypto currency to buy goods and services.
No team can completely solve these problems. However, if DECOIN team can solve these issues for its user base, their product will be very attractive for users of crypto currency.
Decision:
DECOIN strives to solve these problems by creating the Cryptus Exchange and the trading platform,which has integrated functions that will solve the four problems highlighted above for their user base. These characteristics include:
Their crypto currency (DTEP), which will redistribute profits in proportion to holders of DTEP coins, received from fees charged on their trading platform.
Holders of DTEP coins can also bet on their coins at an annual interest rate of 6.2%.
Their exchange platform will follow the "standards of the financial industry" when it comes to ensuring the security of their platform and users of crypto currency.
This includes multi-level real-time authentication and the storage of most of the clients' funds in cold storage.
Multilingual on-line customer support service that will inform and respond to requests that their clients have regarding trade and investment in crypto-currencies.
Credit card,with the help of which users can spend the digital currency stored on their accounts, to purchase goods and services.
If these functions are properly implemented, they will basically solve many of the problems mentioned above.
The exchange space of the crypto currency is currently filled with hundreds of crypto-exchange exchanges,which all try to get a larger market share. This means that DECOIN will be very difficult to get a meaningful market share as soon as they release their trading platform in Q3 2018. In order to stand out from the crowd, DECOIN will need to implement very innovative marketing tactics,which will convince new crypto-currency investors to first use their platform, and experienced crypto-currency investors to switch platforms.
Fortunately, DECOIN will enter the big market, which is expected to continue to grow,as institutional investors and new retail investors will enter the crypto-currency scene for many years. And with more than $ 25 billion dollars currently traded every 24 hours, DECOIN will have many opportunities to obtain the trading volume necessary for work and expansion.
Command:
Viewing DECOINs team & advisors, it is obvious that they have gathered a group of people who have extensive experience in the areas of finance, entrepreneurship, Crypto-currency and Blochein.
Some of their team members include:
Shay Perry (CEO of DECOIN), who founded start-ups in the past, such as "Trustmed" and "Take It lzl"
Ari Rechta (coo in DECOIN),
He has been working in the company of high technologies for more than 20 years, in advisory and executive roles
Vladimir Nikitin (advisor DECOIN), who took 2nd place on the ICObench
The team is the most important part of any startup, so it's great that DECOIN has a team that ensures investors' that they will fulfill their promises.
Unfortunately, the DECOINs business plan is the weakest part of their launch. Although I'm sure they have a more detailed business plan distributed among their team, the information they provide publicly does not contain technical details. This can scare off investors who were hoping to learn more about how to get rid of them,how and why they implement the exchange, as they describe on their website and in the technical document.
Another problem is the launch of Q3 of its trading and Exchange platforms. From now until the release, it is expected that there will be many new crypto-exchange exchanges competing for the volume of trading.
Existing platforms will also continue to implement innovations to maintain and increase their market share.
The latter problem is related to ambiguity as to how much DECOIN profit will be shared between coin holders. At present, the document says only,that up to 40% of the profit will be distributed in the first year to 50% in the second year and to 60% in the third year. The formula gives investors a lot of uncertainty, and there is no mention of whether the profit sharing will occur after the 3rd year of operation.
While DECOIN somewhat fluctuates in its business plan, they more than compensate for this, having a strong team and a solution that can solve some of the key problems currently facing the Crypto currency area.
Links:
Website: https://www.decoin.io/
WhitePaper: https://hihealth.io/assets/_HiHealthWPv0.1RU.pdf
Telegram: https://t.me/xDECOIN
Twitter: https://twitter.com/@decoin_io
Facebook: https://fb.me/DECOIN.io
Ann: https://bitcointalk.org/index.php?topic=3311450
My BTT: https://bitcointalk.org/index.php?action=profile;u=967887