Blog: TRADECONNECT: A LASTING SOLUTION TO TRADING DIFFICULTIES ON THE BLOCKCHAIN

Introduction

Market participants underground lots of stress and difficulties in trading, reason being that the global financial market is being controlled by banks and many financial institutions. These banks and institutions however poses some challenges to traders and investors, challenges which ranges from the imposition of irrelevant charges, lack of transparency in transactions and many more which hinders the free flow of trading. In order to break this barrier in achieving effective trading, there is need to develop a platform that will support the trading of many financial products for all investors and clients.

For this reason, TradeConnect, a blockchain based platform is introduced.

TradeConnect is a trading exchange platform which fosters effective trading whilst encouraging the trade of other financial commodities on the blockchain. This platform aims at becoming a global trading network by making use of the ThinkCoin (TCO) which serves as a means of payment in trading financial commodities like forex (FX) or cryptocurrencies on the platform.

The Key Distinctive Features Of TradeConnect.

Unlike the traditional exchange systems, TradeConnect makes use of a Connect Fee, usually paid in the thinkcoin token, used in supporting the development and sustainance of the platform. This connect fee also motivate traders to support the trade economy.
Secondly, TradeConnect allows margin trading, a type if trading which permits the borrowing of unavailable funds in the wallet by users.
This platform also makes use of digital personas, which allows the market markers and takers to go after qualified traders by granting unique scores and profile to every traders.
The platform provides a listing and facilitation of liquidity through the use of Token listing.

The Problems The TradeConnect Platform Is Set To Solve.
TradeConnect helps to remove undue influence which the traditional brokers exact on trade execution and price making. Since many conventional trading is known for their old models, they lack flexibility. However, the introduction of TradeConnect in addition to thinkcoin, helps incoporate flexibility and new model frequently through it cutting edge artificial intelligence.

Furthermore, fund transfer risk is avoided as there is no more need to transfer fund to brokers address while using the TradeConnect and ThinkCoin. Intermediaries are also taken out of the exchange system, resulting into drastic reduction of excess charges which comes as a result of many intermediaries.

In conclusion, liquidity is established on the TradeConnect network through active participants of the Thinkmarkets, counterparts and brokers because as the participants number increase, more traders are engaged in between all the trading parties. The trading of all financial commodities on the platform is made easier, simpler and done on a user friendly interface.

ICO and Token Details
The TradeConnect platform carries out their Initial Coin Offering (ICO), which allows them gain users from all over the world regions and encourages their users to raise the TradeConnect network through the use of affiliated commissions. TradeConnect will eventually be the foremost multi asset blockchain rooted exchange network, which will take over the market from the dominion of banks, financial institutions and prime brokers to trade financial products which are not among the traditional crypto exchange.