I really like decentralized exchange platforms but we already have plenty of them like oax, waves. What is your advantage?
Hi Udonmez - We aren't a decentralized exchange (at least not until we execute our full vision).
We are a trading platform run and managed by smart contracts. Consider us a decentralized E-Trade for cryptocurrencies.
Our difference and main advantage is that we are decentralized. Our investment process is managed by smart contracts including user investment data and funds. User funds are held in escrow by the smart contract until they are withdrawn by the user. Coinvest has no ability to touch or manage those funds including the liquidity pool that collateralize and back the investments. Once funds are withdrawn from a user’s portfolio, they can be stored in the wallet or spent using the built-in debit account.
Additionally the following:
- Diversification: Coinvest enables you to curate your own personal index fund (In the future, we will allow users to invest into other user's personal index funds.)
- Simplicity and Speed: No KYC requirements and validation as we don't deal with Fiat currency
- Convenience: Invest in multiple cryptonized assets without having to worry about storage, multiple wallets, multiple private keys, and transferring / supporting all coin protocols
- Functionality: Coinvest enables flexible trading options to help you obtain the best value with buy, buy limit, short orders
- Cost: Since Coinvest is automated and controlled by smart contracts, third-parties and overhead are removed which leads to lower cost transactions fees
For a complete and detailed comparison, we recommend you view pages 7 and 8 of our whitepaper at:
https://docs.google.com/document/d/1ePI50Vd9MGdkPnH0KdVuhTOOSiqmnE7WteGDtG10GuE/edit?usp=sharingThanks!