CATENA – The Completely Decentralized Trading Platform
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Catena, a decentralized trading and exchange platform built primarily on Blockchain technology and introducing new algorithms and AI protocols to enhance the trade economy has arrived.
“The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, Catena tends to tackle this 16 trillion USD market, offering a robust solution to facilitate its growth and impact on global economy, the fact that Catena provides a smooth, fast, and reliable platform will enable small and medium traders to join such a big economy and be significant contributors to its growth.
Now that I have your attention, let’s get right to it.
What exactly is CATENA?
As depicted above and as indicated on the official whitepaper of Catena, Catena is a decentralized trading platform that leverages the disruptive capability of blockchain technology to transform the global trade economy. Over the last three decades, global trade has significantly increased, both in volume and revenue. Despite alleviating the living conditions of many, the sector is still faced with challenges that inhibit the realization of its full potential.
These are the issues that the Catena exchange intends to solve. The Catena executive team is made of seasoned professionals with vast experience in trading, manufacturing, technology, quality inspection and so on.
In addition, Catena tends to apply revolutionary technologies and algorithms using the blockchain technology, in order to construct a robust platform that would disrupt and ultimately change how the trade economy performs.
To be the largest trusted platform for global and domestic trades, and the first choice for all business transaction across the globe, with a mission of Empowering every business with a strong platform and powerful tools for growing their market reach and secure their business activities, while opening the door to limitless opportunities for small and medium enterprises, through transparency of market parameters and low entry barriers to compete, enabling a growing and prosperous trade economy.
The Catena DEX & COMAI Order Matching AI Solution
The Catena trading platform will seek to eliminate the entry barriers and tackle the problems facing global trade. After providing a platform with small and medium-sized enterprises, Catena will shift focus to the provision of powerful instruments to facilitate the growth of the global trading market. While the platform’s architecture is mainly based on distributed ledger technology, it also incorporates aspects of Artificial Intelligence. Naturally, decentralized exchanges are difficult to establish due to their complexity. Nonetheless, the most notable advantage of such platforms is their independence, as they do not require a third-party service to hold investor funds. Instead, trades are facilitated directly between users suing the Catena platform. This, coupled with the immutability of the blockchain, makes transactions transparent and immune to fraud.
About The Catena Architecture
AI Matching Orders made only for Catena’s decentralized platform empower ETP (an efficient trading platform) with a significant increase in the number of successful transactions, if customers search or sell / buy and rely entirely on search engine keywords and match them, the efficiency of the platform decreases drastically, while adding to these other obstacles, trade is a real challenge even in today’s globally connected world.
The Catena AI and ETP matching sequence provides a robust solution for a rapidly growing trade economy, guarantees new market entrances / traders and secures business opportunities for all participants in business transactions.
ETP (Efficient Trade Platform) was developed to take advantage of the benefits of blockchain technology to serve global trade growth and overcome its main challenges, ETP is a platform that can manage every aspect of trade between buyers and sellers from matching orders to implementing and securing all the parameters associated with it, this platform comes from direct experience from the development team, to provide a smooth but powerful trading platform that can serve a variety of products and services from cryptocurrency, digital assets, to commodities, and global trade.
Just so you know, because Catena removes the need for trust, it simultaneously removes the need for third parties to be involved in transactions. With third parties eliminated, traders can expect the following benefits:
Decrease in communication barriers
Removal of fees paid to third parties
Increased reach by independent traders
Customizable trading terms powered by the traders for each transaction
The flagship tool of the Catena platform is the Efficient Trading Platform (ETP), which was created to directly combat fraud and security problems in global trade. The ETP allows traders to select customizable smart contracts for each specific trade, without the need for knowledge in coding or advanced technology. Anyone from apple farmers to industrial equipment manufacturers will be able to select and customize contracts for each transaction seamlessly.
Elimination of the middleman and removal of deceitful trade practices has been at the foundation of Catena and has continued to be the purpose of its development. Catena will bring large amounts of growth back to global trade with its innovative systems and plans to empower traders with tools that stimulate their independence.
The Unique Tools
Efficient Trading Platform (ETP) is a tool that was created by Catena to remove the need for trust in trading transactions. With the ETP, smart contracts are selectable and can also be created from scratch by users, without the need for coding experience. This technology will allow traders like apple farmers to select a relevant contract for their specific needs in a transaction. The following options will be selectable and customizable by traders in the ETP:
These contracts will work with a variety of receiving traders such as: single buyers, groups of buyers, retail, and awarded logistics suppliers. Catena’s ETP differentiates it from all other current trading platforms and will be influential in the goods and products trading economy.
Token and ICO Details
CATENA Token is an ERC20 compatible on the Ethereum blockchain, distributed by Catena during the stages of token sale. The CATENA token is a utility coin that will be essential for the system to function as it acts as the activation key for any smart contract to function, and will be used in all trading transactions empowered by Catena.
Catena wants to facilitate the global and domestic trading, the scope and usage of CATENA token and its wallet puts forward its wide range of utility, so that people can use them on regular basis, everyday.
The total supply is capped at 250 million, and no additional tokens will ever be minted. Notably, the Catena token will be the only acceptable currency in the Catena ecosystem.
58% – ICO
2% – ICO partners
15% – team
3% – early contributors and advisors
20% – resolution center
2% – bounty
Allocation of Funds
13.3% – system development
37.6% – exchange platform
24.7% – barter ecosystem
13% – operation cots
6% – contingency and resolution center
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.