PROJECT SUMMARY
Inspired through our extensive experience in building Thailand’s leading analytical tool and platform for stock investment, we aim to make investment in cryptocurrencies simple and accessible for everyone. Carboneum, an openly distributed protocol, is creating a democratized social trading platform, named CoinRadars. It is worth highlighting that, as an open protocol built on our off-chain technology, Carboneum will be completely compatible with other apps in the ecosystem such as StockRadars, CoinMax and other future platforms. CoinRadars platform allows users who are not equipped with the required knowhow to make their own judgement on digital asset transactions to follow expert traders and copy their trading orders, either automatically or manually. CoinRadars also promotes agreat degree of customization, permitting users to adjust and match their risk preference and desired return. Traditional social trading platform, a service that allows investors to replicate the operations of expert traders, helps solve complexity problem, but it still lacks transparency. It remains vulnerable to single point of failure risk and, at the very core, misaligns the interests of the parties involved.
Our platform aims to solve these underlying problems associated with social trading today. It is built to sustain and scale with a sound revenue model where ultimate alignment of interests is structured, creating a perfectly democratized trading platform for cryptocurrencies.The key aspect of CoinRadars is it imposes great significance on transparency and complete decentralization for trade order execution. The platform is created on smart contract with a token called Carboneum token (C8) that aims to provide the solution to the biggest roadblock for social trading in cryptocurrency investment – unfair and opaque reward mechanism. The greatest belief of our core team lies in simplifying the investment experience.
PROBLEMSInvestment in Digital Assets / Cryptocurrencies is ComplexProbably those who are already trading digital assets and cryptocurrencies could barely explain the true definition of what they have been transacting on. The degree of information one needs to study is absolutely overwhelming, especially for those without technical background. What is more, without thorough understanding of technical concepts and utilities of given digital assets, potential investors are often left on the outside looking in, due in large part to reluctance resulting from their lack of understanding of the market
BUSINESS MODEL & TRADING MECHANISM – HOW DOES CARBONEUM WORK?
The model for major source of revenue is very simple; success fee will be collected upon each and every, but limited only to, successful, positive yielding trade.In short, Carboneum works in these simple steps;1) Users can choose expert traders to follow, establishing a ‘follower & leader’ type of relationship, based on the expected returns and risk preferences, and delegate the authority to execute copied trade orders automatically to Carboneum via smart contract system
2) In the event that users generate positive results from any trade orders copied from the leaders, users will be charged a certain percentagebased amount of fee by the system. The system will then transfer the majority of that fee to the leader as a mark-up for their service, with the remaining amount being kept as platform’s revenue
We will issue our token called ‘Carboneum Token’ (C8), to be used primarily on, but not exclusively to, social trading features for digitalassets. C8 certainly offers other utilitiesfor premium services in the future,such as substantial discount on every type of fee, including premiumfeatures on Stock Radars and FundRadars application or fee of events and seminars held by StockRadars team. Carboneum is also an open protocol for decentralized copy trading on ICON blockchain. It intends to serve a basic functionality for copy trading and benefits distribution between copying and copied investor, or in our terms, follower and leader. Using a publicly accessible system of smart contracts can act as shared infrastructure for a variety of decentralized applications (DApps) and platforms. It allows creating sophisticated platform tailored for investor requirements. C8 token is smart contract which allows follower to pay their leader and be used in other activities on CoinRadars platform.
Specifically, C8 token holders will be benefited greatly in terms of discount on premium services, in which the fee will be reduced in half if paid by C8 token. That rate will be gradually reduced to 8 percent entering the 4th year and remain at that level perpetually for C8 token holders.
Nonetheless, followers who want to pay commission fee using C8 token (to exercise a huge discount) need to inform their leaders in advance. Most importantly, it is of great significance to note at this stage C8 token can also be used in StockRadars and FundRadars applications to activate extra discounts on premium and exclusive features
How does the C8 token function within the platform and why is it needed?Kortrakul:
C8 token works in a similar fashion to Binance’s BNB token. C8 token will be used by follower traders to pay for fees to the leaders and the platform, receiving a 50% discount on the fees by using C8 token.
For holding a certain amount of C8 token, users will be able to access premium features and exclusive benefits, such as being able to follow certain popular leaders. Based on this, C8 token is critical for the platform as it become the currency within the ecosystem, as well as allowing users to access features that will enhance their experience of social trading.
CARBONEUM (C8) TOKEN ICO – ALLOCATION AND FUND USAGE
In this ICO effort, a fixed amount of 200 million C8 shall be issued and shall never be reproduced in any forms. Out of that amount, 120 million C8 tokens will be offered publicly at a fixed price of 0.1 USD per unit. Due to our partnership with ICON, ETH and ICX will be accepted during the public sale. The allocation and fund usage is as shown below. It should be noted non-public tokens will be subjected to a 1-year silent period, effective from 8 March 2018. Similarly, pre-arranged tokens will be legally bound by a 3-year silent period. Nevertheless, a specific proportion of tokens allocated to be used in business partnership and rewarding program will not be constrained as such.
WHY US?
StockRadars is the team ideally made to tackle this challenge as proven in commendable success and well-documented track record in building and developing Thailand’s number one online stock trading and analytical platform with 680,000 app downloads, double digits local and regional brokerage partners (see Figure 13) and 76 versions updated since launched. StockRadars also managed to achieve 25 percent market penetration based on the number of monthly active internet traders; in every four people who trade stocks online, one of them actively uses StockRadars. Above all, StockRadars is the only exclusive partnership of LINE Thailand, the provider of a market-leading chat application, in developing a service called LINE FINANCE and together they have accumulated a large and still-growing user base of 4.8 million people. This is more than tripled the number of people with internet trading accounts in Thailand (1.35 million as of December 2017, according to Stock Exchange of Thailand). With the help of StockRadars’ technology, not only LINE FINANCE successfully approaches the uncharted territory, but it also empowers people to buy and sell stocks inside LINE application for the first time in the history of Thailand. The abovementioned list of accomplishments shows why nobody could epitomize ‘investing made simple’ more appropriately than our team.
ICO InformationPre-ICO began on March 8, 2018 and will end on June 10, 2018. The main ICO will begin on June 25, 2018 and will end on July 8, 2018. There are a total of 120,000,000 Carboneum tokens (C8) available during the ICO, representing 60% of the total C8 supply. A hard cap of $12,000,000 is set for this period.
1 C8 = 0.1 USD
Current accepted currencies for Carboneum is ether only. Carboneum is an ERC20 token, so it’s important that contributors use ERC20 compatible wallets to send funds to the ICO smart contract, and to receive the Carboneum tokens.
Token InformationThere are a total of 200,000,000 C8 tokens being created, with 120,000,000 available during main ICO. Contributors will have their tokens distributed on July 1, 2018. Visit the Carboneum website for more information and the contribution address.
Detail Information :
website : https://carboneum.io/
Telegram : https://t.me/carboneum_c8
Authors : Tellysa
BTT :https://bitcointalk.org/index.php?action=profile;u=1898514