https://i.imgur.com/H0o2FTh.pngCoinCollect is a mobile application, in which you can not only store all your coins and tokens, but you can also perform simple trades and collect more of them in a secure way.
It achieves this by using the decentralized exchange protocol BarterDEX as engine, with a user friendly interface on top. This way we are making crypto accessible for everyone.
“Our application makes it easy for anyone to
buy,
manage &
trade their coins”
CoinCollect is a decentralised team with the mission to enable anyone to grow their crypto holdings while keeping full control. The logical first step to achieve this, is by making crypto easy to buy, manage and trade. Making this trinity accessible for everyone will be the gateway drug for our users.
All members of the CoinCollect team have been working on, working with and testing BarterDEX technology for over a year now. With the Komodo community we have access to the brightest minds of this space and we have access to knowledge that exceeds (or precedes) the official documentation. We find ourselves into the fortunate position to be able to tap in on the knowledge and help of JL777 and CA333.
Core features of the CoinCollect mobile app:Top up or check out with fiat (€, £ and $)We will enable fiat gateway services to integrate in CoinCollect so international expansion is enabled by default. These fiat gateway services (sometimes called exchanges) will perform all the necessary KYC & AML checks when needed.
Collect coins by trustless tradingCoinCollect uses the BarterDEX engine, and thus its atomic swap protocol. Trades are executed ‘atomic’ which means that either your trade is successful or you keep your balance.
Lightning fast atomic swapsWe’ll assure that optimised liquidity providers are being used and the interface delivers a smooth and fast experience. Using the zero confirmation feature, trades can be executed in seconds.
AlertsUsers who are collecting want to get notified on previous set alerts to close their positions. This way they are empowered to grow their holdings by surfing the waves. Alerts are an important feature of the CoinCollect user experience. They drive use of the application and make users feel in control.
Commercial modelProfit will be made on different levels of the application. Gains will be collected from promotions, trades and spread.
Margins gained on DEX fees (10%), CoinCollect listings and promotions, LP node margins (~3%). As we will start with a small user base rewards will trickle in small amounts, but once the user base start growing the rewards can become quite substantial. All gains will be collected in a reward pool.
https://i.imgur.com/GJycN10.pngNext to the app there is the CoinCollect blockchain. This is a Komodo asset chain secured by Komodo’s dPoW (and thus Bitcoin). It will feature the CC coin. The CC blockchain is used to redistribute rewards in KMD coins to all CC coin holders according to the rate of their balance.
You can find a CoinCollect block explorer here:
http://ccl.explorer.dexstats.infoFor using the CoinCollect application there is no need to use the CC coin, but it does play a role in user engagement.
Marketing:Community engagementWe will engage existing communities with airdrops, referral bonuses & bounties. New communities will be engaged with with targeted campaigns and referral bonuses.
User engagementFor user engagement we will
gamify &
reward the as positive envisioned use of the app. We will use CC coins as rewards for desired behaviour. By earning the CC coins users will experience that holding CC coins results in receiving rewards in KMD as well. We hope to encourage users to collect CC coins and create a
network effect.
Finance:The initial funding of CoinCollect is based on a native blockchain (Komodo asset chain) with the name CC. The total supply is 200 million coins. Funds will be raised in an informal way (private sales). The investing participants will get 20% (in total) of the coins at a very competitive price to be paid in BTC/KMD or ETH.
We divided the funding in 3 rounds. We just finished the first round in which we sold 22M CC coins to two experienced crypto investors of which one is the crypto fund
SuperNET known for large investments in Komodo, IOTA, Bitcoin, Stratis Waves, Syscoin & more.
25% of the coins are allocated to the founders, 25% to empowering the ecosystem, 20% to people that join the team after the founders, 20% to investors, 5% to advisors, 5% to (referral) marketing & airdrops.
After the private sale, early October, leftover coins will be sold public via liquidity providers on for $0,05 to $0,06 (5 to 6 US dollar cents).
These liquidity providers will be made available with a constant offering of CC coins in pairing with BTC and KMD at relevant market prices to create a healthy market.
All rewards (100%) generated by the CoinCollect application will be distributed to the CC coin holders according to the size of their holdings.
These rewards are generated by margins gained on DEX fees (10% on 0.15% tx fee), CoinCollect listings and promotions, LP node margins (~3%). As we will start with a small user base rewards will trickle in small amounts, but once the user base start growing the rewards can become quite substantial.
To keep yourself up to date on CoinCollect you can subscribe to Twitter:
https://twitter.com/CoinCollectHQEnter our Discord server to get involved and to ask any question to the team.
https://discord.gg/gvPD2n9Looking forward to welcome you in our community!
The CoinCollect team: @diesmaster @meyse @cipi @bartwr @barv
