COOPEX - THE MEGA COOPERATIVE EXCHANGE THAT IS NOT CENTRALIZED

OVERVIEW

COOPEX - THE MEGA COOPERATIVE EXCHANGE THAT IS NOT CENTRALIZED

By way of introduction, we know that cryptocurrencies are on the trendline presently. Its the design for the price of cryptocurrency to fluctuate which is making everyone to desire to buy Bitcoin and other altcoins. And ofcourse, the way to buy cryptos is through exchanges. Because exchanges provide easy crypto buying options through fiat currency. Anyone can create exchange account and through debit or credit card can buy any cryptocurrency they wanted. During bull run new registrations for exchanges exceeded the limit. Due to increasing prices of cryptocurrency, everyone rushed to exchanges. The servers of exchanges overloaded and they eventually have to stop registering new accounts. Exchanges take huge profit from crypto trading, depositing and for withdrawing funds through fees. The transparency of today's exchanges is less and many exchanges gone scam. COOPEX is the world's first cooperative exchange which profile solution to the current exchange predicament

ISSUES WITH THE TRADITIONAL EXCHANGE

Exchange Listing Problems - Today there is a lot of crypto projects are emerging. Besides working on their project they also have to face exchange listing issues. Many larger exchanges charge unaffordable fees. Many times even after paying the listing fee, the exchanges take longer time to list it or to respond for further clarification. In the past Verify (Creed), Bitcoin private project issues shows that today's exchanges are not transparent.

Trading Fees - Trading fee is the fee incurred during trade for both buying and selling. Many exchanges charge high trading fee. But charging high trading fee is seems to be controversial because while trading users many times sell and buy coins. And for each time charging high fee is not required. Charging fee for withdrawal is understandable because it is the network transaction fee. But high trading fee and deposit fee is not acceptable.

Customer support - This is the hardest part for every exchange. In big Exchanges large number of users contact customer team and providing solution to each person's query takes lot of time, requires more employees. In many exchanges KYC verification take months to verify.

Transparency - Transparency increases trust between exchange and it's users. Today's exchanges are charging trading fees, listing coins is not transparent. Customer's accounts got frozen many times without any reason.

COOPEX REMEDY TO THE LIMITATIONS :

Cooperation - The Cooperative Exchange ( COOPEX ) is here to make friendly relationship with its users. The cooperation with its traders and rewarding them for trading is the aim of coopex. At COOPEX users have to decide which coin to be listed on the exchange on voting basis. Voting will be transparent, which increases trust. COOPEX will be more Transparent with its users on exchange policies and terms.

Fee structure - In COOPEX the majority of the trading fee will be back to the investors and traders. COOPEX has planned to charge 0.20% for makers and 0.25% fee for takers. No deposit fee and the withdrawal fee will be equal to the network fee, which is necessary for network transaction. Currently COOPEX has planned not to charge any fee on projects like ETH, EOS and NEO. In case of listing fee, for every ERC20 token projects listing fee will be zero. Because they are on the same blockchain and it is easy to configure every ERC20 projects. But installing entirely different blockchain project is very difficult, it takes lot of time for testing on the exchange.

Customer service - In order to provide better customer support COOPEX has planned to hire professionals and reputable customer team like Zendesk.

Margin trading - COOPEX plans to start margin and leverage trading like Bitmex by August. COOPEX will provide real time settlement in margin trading. COOPEX will provide upto 50x for leverage trading.

Liquidity provision : Liquidity is the important factor without which traders cannot trade. In order to fuel liquidity, projects which have significant volume on separate exchange will be able to justify their need for liquidity provision. By selling some portion of Tokens to the exchange, liquidity will be increased. COOPEX us currently partnered with https://chainrock.io

Token Buyback & Dividend program - Every month COOPEX will collect 75% of the trading fees to buyback and to burn COOP tokens. This very much similar to BNB but over 3x effective. COOPEX also intended to dividend for token holders.

Token holder voting - COOPEX will provide token holder voting system. In which token holders Stake their tokens for voting on the exchange for listing and policies.

Hybrid decentralised exchange - Ethereum based ERC20 tokens support smart contracts. COOPEX aimed to make a decentralised exchange. But non Ethereum based coins like Bitcoin and Bitcoin cash will not support smart contact. Because of this COOPEX first begin with establishing hybrid decentralised exchange. And committed to become entirely decentralised in future.

MVP already completed :
COOPEX exchange is already built and it is functional. COOPEX uses 50% of its ICO funds towards marketing. Marketing increases the audience and value of token.
Screenshot_20180728-120709.png

Coopex uses COOP token in its platform. Every month 75% of the trading fee will be used to buy back COOP token to burn it. 50% of the ICO collected funds are used for marketing.

COOPEX ICO details :
Screenshot_20180727-184912.png

Token distribution :
Screenshot_20180727-191315.png

Conclusion : Cooperative exchange is here to provide user friendly trading experience to its users. COOPEX aimed to provide transparency in its exchange with improved trust. COOPEX will charge no trading fee or negligible trading fee. COOPEX will support new project for listing in its platform. COOPEX is an ultimate exchange for trading with best user experience. It is an amazing exchange to invest in its ICO.

For more enquiries follow the links :
Website : https://coopex.market
Read Whitepaper : https://coopex.market/Coopex_Whitepaper.pdf
Bitcointalk thread : https://bitcointalk.org/index.php?topic=4545314

Join Telegram : https://t.me/coopexmarket
Twitter : https://mobile.twitter.com/coopexmarket/
Facebook : https://www.facebook.com/coopexmarket/
LinkedIn : https://www.linkedin.com/company/coopex/
Reddit : https://reddit.com/r/coopex

Authorship: E. A Emmanuel
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2233995