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Cloverdex – Modular Hybrid Decentralised Exchange

Cloverdex – Modular Hybrid Decentralised Exchange
Saturday, 9 February 2019

 When in 2009, the world appeared Bitcoin, its main task was to be able to easily and quickly, and most importantly with a minimum Commission to make various kinds of transactions on the Internet. In simple words to buy goods faster, safer, and not to resort to the participation of third parties. Over time, similar cryptocurrencies began to appear more and more, and their values gradually began to flow from their intended purpose to some speculative activity.

Problems

However, despite all the growth and noise around cryptocurrencies, there are a number of problems that confuse many potential investors to join the ranks of those users who have long made cryptocurrencies part of their lives.
As practice shows, many people are confused by several negative factors:
  • the first and probably the most important problem is not fully developed infrastructure around blockchain technology. That is, there are few such services and platforms that would offer a seamless connection of cryptocurrencies with the real world;
  • the second problem reinforces the first, because it is directly related to the impracticality of existing systems that seek to perform the very function for which cryptocurrencies were created;
  • the third problem is related to weak education. In fact, a huge number of people around the world still do not understand the principle of cryptocurrency and blockchain technology in General. All this has a negative impact on the overall development and mass adoption of technology worldwide;
  • the fourth problem is closely related to the third, because it also generates fear and uncertainty of people in the future. This is largely due to the fact that people do not fully understand the position of the laws and rules regarding cryptocurrencies. Now many countries are divided into two camps, some accept this technology, while others impose a ban on it and categorically against it;
  • the fifth problem lies in the low liquidity of trade exchanges, which entails some difficulties in cashing out their assets in Fiat.
In fact, this list can be continued further, since there are a lot of such trifles and they all overlap to form a tangle that needs to be untangled. Many experts understand the problem and work to solve it, creating new and improved systems that are ready to solve most of the problems. This is the project we will discuss today.

About the project

The project that I would like to consider with you today is called Cloverdex.
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.

The details of the ICO

Like any other decentralized platform, Cloverdex offers us to use its internal token. Is called marker – CLDX developed it on the basis of the Ethereum blockchain (ERC20). In total, the founders of the project intend to release 100 million tokens of which 80 million will be available for sale. At the same time, several sales stages will be allocated where discounts from 5% to 15% will operate. The initial price 1CLDX is $0,2143 USD. In total, for the further development of its project, the developers of Cloverdex intend to collect Hard Cap in the amount of 15 million us dollars.
The distribution of tokens and funds is as follows:

Conclusion

Given the current situation of cryptocurrencies around the world, I believe the presence and demand for such projects is very high. Since those projects that were relevant a year ago can largely be inferior to new, more advanced systems of a new generation and sample. I believe that Cloverdex is able to realize all its goals and plans, taking into account the approach and support from ASIC.
Therefore, I recommend you to take a closer look at Cloverdex and study its concept in more detail, as my review contains only a brief part of it. As always, you can find all the detailed information in the technical documentation of the project and on its official resources. For your convenience, I attach all the necessary links at the end of the article. Good luck!

Official resources of the Cloverdex project:


AUTHORSHIP:
GPScrypto

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