Cloverdex

Modular Hibrid Decentralized Exchange

INTRODUCTION

Since the inception of the blockchain technology, the value and usage of cryptocurrencies over the last decade have been on the rise. It has managed to gain so much media and political attention that even some countries and businesses have been legally using it in their day to day transactions. Despite the fact this blockchain technology has proven beyond reasonable doubts to be a revolutionary technology, it is still facing some challenges that needs to be solved in order to improve it.

Most people see the cryptocurrencies as mere investment assets and usually don’t pay much attention to their real world usage in our daily transactions. In view of this, a group of generational thinkers have teamed up to develop a very great platform called Cloverdex which is envisioned to revolutionize the crypto ecosystem. Cloverdex is a blockchain based platform which is going to provide a modular hybrid decentralized exchange and a multi-currency wallet through the implementation of a multi-signature technology.

THE CURRENT MARKET PROBLEMS

The seven key challenges that the Cloverdex team have identified as facing the crypto ecosystem, of which they aim to find solutions to are as follows:

The lack of accessibility of funds in the real world which usually involves high transaction fees that deters users from using digital currencies in the real world for purchasing goods and services. The second challenge identified by the team is the lack of usability on our current exchanges for amateur investors. These platforms have interfaces which are not user friendly and very complicated for new investors. You have to be a master of the game before you can be able to navigate these exchange platforms. Insecurity is also a major challenge on our traditional trading platforms which has resulted in so many users losing their funds to hackers who attack these platforms. Low liquidity is also hindering efficient trading and pricing on these platforms.

The next issue is the lack of transparency on the parents. There are a lot of charges on these platforms including unreasonable trading fees, hidden commissions and fees, and a whole lot, which usually results in higher investment cost and lack of trust. Another challenge is the inadequate compliance in the crypto ecosystem. A lot of investors out there are afraid to invest in crypto because of the decentralized nature of it which makes it difficult for regulations. They are uncertain about their investment and would rather prefer to stay back than investing and later lose their hard earned monies. The last but not least problem is the lack of education on our exchange sites. Most of our traditional exchange platforms tend to focus more on helping old investors to upgrade their knowledge on crypto and have no proper systems and tools in place to help upcoming investors.

SOLUTION

This project is a new economic and technological concept that can offer the most advanced tools for both beginners and experienced traders. At the same time, the main goal of the project is to create the most convenient and seamless conditions for interaction between the system and the user in the real world. The developers of Cloverdex are sure that there should not be any obstacles and difficulties between the investor (user) and cryptocurrencies. That is why they have made great efforts to develop the most simple interface with which only 3 actions can be carried out any function. It can be the purchase/sale of cryptocurrencies, it can be the purchase of goods through the Internet or any other additional function related to data and market analysis, and much more. Simply put, Cloverdex intends to provide absolutely everything necessary for its user in just a few steps. What I think is very convenient and relevant, given how difficult are the search for certain functions in other systems.

But that’s not all, the founding team has clearly set goals and intends to solve all the problems described above, paying special attention to each item and offering an effective and high-quality solution.

Advantages

Due to the fact that the Cloverdex team understands the importance of what is happening, that is why It seeks to support the use of cryptocurrency in real life on a daily basis with all its projects. Therefore, within the framework of their project, they intend to offer their multi-currency wallet, which will consist of a huge variety of wallets, each of which is aimed at maintaining and storing individual cryptocurrencies.

Security of all functions and protection of the wallet will be carried out by two-factor authentication and multisignature technology. They also developed seamless integration of digital assets into Fiat using debit cards (EFTPOS). In the future, the developers do not intend to stop there, so they are already considering all possible options for integrating their platform with such famous wallets as Google Pay and Apple Pay in order to make everyday purchases of users with the help of cryptocurrencies even more accessible.

It is important to note that this project meets all regulatory requirements of Australian regulators and is under the strict guidance of the Australian securities and investment Commission (ASIC). The team itself consists of professionals who cover such areas as: financial technology, corporate governance, software and hardware development, cyber security, marketing and sales, economic modeling of blockchain technology and smart contracts.

CLDX TOKENS AND ITS UTILITY

The CLDX tokens are going to be the official tokens to be used for transactions on the Cloverdex platform. CLDX is an Ethereum ERC20 compatibility token. Holders of the CLDX tokens will enjoy numerous benefits which includes but not limited to; discount on trading charges, access to the exchanges’ social trading functionality. Holders of 3,000 or more tokens are also going to receive a free EFTPOS debit card when they are ready. They will also be given the privilege to participated in community decision making and votes; the larger the tokens you hold, the greater your influence in the decision making process. They will also have access to additional marketing tools which the ordinary user on the platform would be denied. The last but not least, they are going to have beta access to the platform and our multi-currency wallet.

TOKEN SALE

A total of 100,000,000 CLDX tokens will be supplied, out of which 80,000,000 tokens will be made available for the token sale. Our softcap is pegged at $5,000,000 and a hardcap of $15,000,000. All unsold tokens at the end of the crowdfunding will be burned and no extra tokens will be created again.

Cloverdex team is made up of a group of well experienced members who are dedicated and willing to sacrifice all that they have in other to make this project a success. I encourage all crypto investors to support our crowdfunding which is currently happing live. Visit our website at https://cloverdex.com for more information on how to participate.

Author: Yuni comel

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1350925

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Yuni comel

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