Are you trading in cryptocurrencies? If so, you are probably familiar with more than one cryptocurrency exchange. Like traditional exchanges, cryptocurrency exchanges make their money from various fees and commission derived from the cryptocurrencies being traded on their platform. Given the rapidly growing community of cryptocurrency enthusiasts, this is a booming business. But what if you, as a cryptocurrency trader, could make back the money it costs you to trade on the exchange?
What is DECOIN?
DECOIN is a cryptocurrency exchange platform. Like other ICOs, the DECOIN platform i based on blockchain technology, which means that it is completely decentralized and fully secure. This makes DECOIN stand out from the crowd of numerous cryptocurrency exchanges out there.
The platform allows users to trade in blockchain, on the blockchain. Talk about blockchain-ception. In addition to their blockchain-based exchange, the team behind DECOIN also aims to create a world-renowned online customer service that will help facilitate and spread the use of cryptocurrency and other projects based on blockchain technology. But the real icing on the cake is the money aspect of DECOIN.
The team describes it as a “profit sharing exchange”, which means that anyone trading on the platform will benefit from the profit the exchange makes. Regardless of what cryptocurrencies you are trading in, any fees and commission will find its way back to your pockets. Furthermore, DECOIN wants to give you an extra incentive to use their own DECOIN tokens. By holding DTEP tokens in your online wallet, users will be able to get 6.2% interest per year. All these benefits are reflected in the name the team has chosen for their project: DECOIN. According to their website, it stands for ”the coin of the people”. It is easy to see why. By sharing their profits with traders, they are in effect making users of their platform their business partners.
How does it work?
The DECOIN team have created an “open source peer to peer digital ecosystem that encompasses its own proprietary digital currency”. This currency is called DTEP, and as mentioned above, users can benefit from using DTEP tokens by making an interest. The exchange and trading platform itself is called D-TEP, and the platform is what redistributes profits to anyone holding DECOIN in their wallets. Part of these profits will also go to the D-TEP crypto index, which is called DCI for short. To ensure that everything runs smoothly, the DECOIN platform will be using a Proof of Stake (POS) blockchain protocol.
DECOIN is an ICO that is working on the following:
- Creating an accessible, scalable, secure and commercial blockchain-based cryptocurrency exchange platform
- Share the profits derived fro transaction fees, commissions, and interest with its users
- Form an online customer service to assist users and help facilitate the trades
- Let DECOIN holders profit further by providing them with 6.2% interest per annum
- Provide users with a D-TEP credit card that will allow them to access their profits
- Let users of their platform be their business partners rather than their customers