As the world is going digital day by day, and as new ideas and technologies keep evolving, likewise the wide adoption of Blockchain technology use cases and cryptoocurrency is going viral. It is wise for one to hop on, on the train of Blockchain technology and its services; and ride along. However, this is not just something to hop on without having an in-depth knowledge of it. When something is in rage, it is very wise to understand it before join.
Therefore, it is very rational to ask the following questions about CoinChum Exchange: what exactly is CoinChum Exchange all about? Which services or products does it offer? How does CoinChum Exchange platform work? What are the benefits of CoinChum Exchange platform? What differentiates it from others? Etc. This article will answer all the above questions about CoinChum Exchange; keep reading! https://coinchum.co/
What is CoinChum?
It is a Peer
to Peer marketplace that offers varieties cryptocurrency such as Bitcoin, USDT,
Ethereum, XRP and the Chum token. Coinchum integrates web-based features with
an intuitive interface that enables users to learn from education resources, as
well as trade cryptocurrencies using advanced market tools that allow for the
efficient monitoring and analysis of market trends. The platform is committed
to working with investors to ensure that their interests are embedded in each
stage of the business process.
Users Benefits of CoinChum Exchange:
Tiered
deposit or withdrawal fees for all the cryptocurrencies.
Awesome
affiliate program (Users earn a percentage by their referrals.).
Cryptographically
secured wallet provided by Multi-Party Computation (MPC) technology
Flexible
exit plans for investors (SPAC setup and operation in Hong Kong)
Simplified trading platform with attractive user interface.
Several tools for technical analysis
Alerts for all actions/transactions
Order History
Multilingual technical support
Smart trading
High level security
Plenty of Cryptocurrency/currency pairs
Low fees
Decentralization
Transparence and Accountability
Durability, Reliable and Longevity
Scalability
24×7 Support
Service
Fast Transaction
Interbank transactions can potentially take minutes or days for clearing and
final settlement, especially outside working hours while transactions on
CoinChum Exchange, it take seconds to be accomplished.
Low Transaction Fees
The
elimination of third party and intermediaries, overhead cost for
exchanging/trading assets on CoinChum Exchange is cheap.
Decentralization
System
Decentralized is the core feature of CoinChum Exchange, transaction confirmation depends on
peer-to-peer authorization. There is no middle man or third party in cost of
transaction. No delay; in a split seconds the transaction is done.
CoinChum Wallet Security
Security is
a top of priority of CoinChum exchange; wallet security is protected via MPC
which is cryptographically secured and protects the wallet from any human error
or cyber-attack. Security to a wallet address is necessary as many individuals
and institutions are entering this ecosystem. MPC provides the following layers
of security.
Layer 1 - Multi Cloud with MPC
The Multi
Cloud provides security to the private key as it is never on a single device.
The MPC and CMP (Certificate Management protocol) remove any single point of
contact from both the internal and external hackers.
Layer 2 – Software Guard Extension (SGX)
SGX is
encryption by the CPU of a portion of the RAM (i.e. computer memory) used to
store each private key. The RAM and data are encrypted in the SGX which
protects them from any hack or malware attack, even if the hacker has overall control
over the Operating System.
Layer 3 – Policy Engine
This layer
enables institutions and organizations to set their own approval policies for transaction;
hence, it is called Policy Engine. The Policy Engine is also client-facing: it
enables users to set their own rules and validation processes needed prior to
transaction approval.
Layer 4 – Settlement layer
Since the deposit address’s authentication is automated, the settlement layer helps in mitigating risks by authentication rotation. This is very important as at stake here is institutional asset security.
CoinChum Solution to existing P2P Crypto Problem
S/No |
Problems |
Solutions |
1 |
Limited choices on coin selection. No
risk hedging tools. |
An open voting system Binary trading pairs with low fees |
2 |
Poor or non-existence customer service |
Fast reply from online chat Fast resolution for login &
account issues |
3 |
Less security on account and wallet |
Assets insurance Fund password Account Security GA Anti-phishing |
4 |
High fraudulent probability |
Anti-Scam (before trade) Anti-Scam (after trade) |
5 |
Lack of crypto-analysis tools |
Detailed price analysis tool Powerful events & information
terminal |
6 |
Lack of education |
Cryptocurrency Academy Education resources |
7 |
Inflexible fee structure |
Affordable and user friendly fee rate |
8 |
Lack of user voice |
Collect user opinions and suggestions Let users add crypto wiki and more
related materials |
Competitive Advantages of CoinChum
over her Counterparts
CoinChum Token Sale Schedule
Private Sale: August 1 2021 - September 1, 2021. @ $0.30
Crowd Sale: October 1 2021 - December 1, 2021. @ $0.36
Token Allocation
Use of Proceeds
CoinChum ExchangeTeam
CoinChum Project Advisers
CoinChum Exchange Blueprint
The CoinChum Exchange Blueprint consists of a number of
stages, with the implementation phases. The following is the list of project’s
major milestones.
For More Information about CoinChum Exchange, visit the
following sites:
Website: https://coinchum.co/
Whitepaper: https://www.coinchum.co/pdf/coinchum%20whitepaper.pdf
Twitter: https://twitter.com/Coin_Chum
Facebook: https://www.facebook.com/CoinChum-344694393302164
Telegram: https://t.me/chumtoken
Instagram: https://www.instagram.com/coin_chum/
Linkedin: https://www.linkedin.com/company/coinchum
Youtube: https://www.youtube.com/channel/UC7121N0rFYGZpHbwoXUa6cA
POA : https://bitcointalk.org/index.php?topic=5348345.msg57599397#msg57599397
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2720681