CoinLion – LION ICO Cryptocurrency Exchange & Portfolio Manager?

CoinLion – Cryptocurrency Exchange and Portfolio Management

In the early years of Bitcoin and cryptocurrencies, trading and managing cryptocurrencies have been riddled with various security challenges and lurid scandals.

One of the first exchanges, GBL, a Chinese Bitcoin trading platform, was shut down in 2013 and lost over 40,000 in customer Bitcoins. Mount GOX, one of the earliest and most prominent exchanges was shutdown in 2014 and had lost nearly half a million in customer Bitcoins. Even exchanges today are liable to security vulnerabilities. In addition, they have limited access to trading tools, customer service, research, liquidity and more.

Existing exchanges and platforms have failed to deliver a powerful user-friendly platform that provides the tools and research needed for the beginner and advanced alike to effectively manage digital assets, causing a barrier to entry for a large percentage of the population.

CoinLion Solutions

CoinLion sets out to solve the problems of existing exchanges and build the world’s first cryptocurrency exchange with built-in portfolio management, atomic swaps, dual blockchain order book system, research, analytics, social integration and token generation capabilities.

Recognizing the difficulty and challenges in dealing with various wallets, applications and exchanges, CoinLion empowers users when managing digital assets with a simple and powerful tools that eliminate barriers to entry for everyday users.

The main issues that the platform focuses on are user accessibility, managing multiple assets, access to information and research tools, understanding risk, legal environment, security and customer service.

CoinLion Features

PortFolio Management Tool (PMT):

The CoinLion PMT is a state-of-the-art portfolio management tool. It allows users to create and manage portfolios in a simple and efficient manner. With the PMT users can buy and sell multiple assets with a single click

Support For Wide Array of Assets

CoinLion will support a wide variety of currencies and digital assets. As digital assets and currencies are continually being created, having simple and efficient access to those assets is critical.

Dual Blockchain System(DBS):

CoinLion’s order book utilizes a dual blockchain, specifically designed for speed, to track and monitor transactions. The dual blockchain system ensures data integrity and transparency. Each blockchain is designed for a specific purpose. Working together these blockchains make it possible to achieve complete integrity, immutability, and transparency.

Publishing and Promotional Toolset:

CoinLion’s portfolio publishing and promotional toolset lets users publish created portfolios and content. Users can create and publish content related to digital assets. Users will earn LION for creating and publishing portfolios, research, strategies, and more.

LION Market:

CoinLion will maintain a market in LION. When trading in the LION market, users will enjoy free trades. This will work to ensure LION liquidity and stability over time.

In addition, the platform offers various other features such as support for Raiden and Lightning networks with the ability to use atomic swaps when trading digital currencies and a research and analytics library.

Security features on the platform include cold storage, 2FA, IP whitelisting, circuit breaker to guard against flash crashes and due diligence before adding new coins and research to the platform.

LION token will create an ecosystem that rewards and incentivizes users to share and create portfolios, strategies and research related to the management of digital assets. Users are able to earn LION tokens through sharing research and strategies on the platform. LION token can be used to trade for free within the LION market and to access research and analytics.

The Team

  • Joshua Dewitt – Co-Founder & CEO
  • Caleb Veldhouse – Co-Founder & COO
  • Justus Luthy – Co-Founder & CTO
  • Zach Neugebauer – CMO
  • Kia Adams – Creative Director

CoinLion ICO Details

  • Platform – Ethereum(ERC20)
  • Presale – In progress from November 30
  • Crowdsale – Phase 1 from December 18, 2017 to January 7, 2018. Phase 2 from February 12, 2018 to February 25, 2018
  • Hard cap – 250,000,000 LION
  • Price per token – 0.00028 ETH
  • Minimum contribution – 0.1 ETH

CoinLion Verdict

A solid project with clearly outlined objectives, ICO and deployment timeline. CoinLion has all the trappings of a cryptocurrency exchange platform of redoubtable merit and reliability. But that's not the half of it! CoinLion seeks to be a lot more than just another exchange. Early signs indicate high promise.

ICO Rating – 4/5

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