Coinsoda ICO (SODA Token): Safe Cryptocurrency Trading Platform?
What Is Coinsoda?
Coinsoda is a comprehensive platform offering enterprise level solutions for cryptocurrency users looking for ways to invest. The team at Coinsoda have developed measures that are scalable and provide sector-specific services for cryptocurrency holders that will support their crypto investment from the ground up. While investment and trading might seem complicated, Coinsoda aims to simplify the process and clearly articulate the relevant support features for the investing.
Coinsoda Cryptocurrency Trading Platform Features
Cryptocurrency Merchandise Store
Coinsoda plans to incorporate a merchandise e-commerce store that integrates cryptocurrency as a payment option for the purchasing of services, and goods. The merchandise marketplace will also provide liquidity for the users' cryptocurrency for those not interested in staking.
Cryptocurrency Gaming Dashboard
The Coinsoda gaming dashboard allows for the platform to incentive users by participating in the games within. Players can also earn tokens through loyalty points gained during the gaming.
Community members within Coinsoda with use the trade as the go-to portal where they can voice their opinions on what to implement within the platform. Coinsoda will list projects and activate the community's participation in what is beneficial or not.
The trade matching engine in Coinsoda can withstand over 50,000 operations per seconds making the database ideally optimized for seamless crypto transactions.
With the sound trade matching system, users can get possible cryptocurrency trades instantly and get on the best reasonable prices
Industry Standard Security
Coinsoda considers essential security through some of the safety measures in place such as 2 Factor Authentication for accounts, DDoS protection, and comprehensive data encryption.
Highly-graded projects with potential will receive full node support voted by the Coinsoda community members.
The trading experience hosts an in-built escrow service that is built to sustain and support the cross-blockchain transactions present.
Coinsoda will support smartphone and tablet access to allow for trading while on the go.
Simple KYC And Listing Process
With a one-click verification process, Coinsoda eliminates the hassle necessary for trade confirmation, and this serves to save on time.
Coinsoda SODA Coin & ICO Details
Unlike other cryptocurrency models, SODA Coin is a Proof-of-Stake coin that is Scrypt based. The currency will allow holders to partake in 100% annual staking rates. The staking will be automatic, and users with a wallet would only have to leave their coins for a minimum of one hour and automatically earn. Soda coin will also be available as a primary trading pair and means of payment on the Coinsoda exchange. Listing a project will also require using SODA coin as the currency of project certification.
SODA Coin does not intend to roll out an ICO but will instead distribute a majority of the tokens through airdrop campaigns. The bounty and airdrop program wants to run till the end of 2018
Overall, there are no satisfactory factors that could necessitate a fair judgment on whether Coinsoda is legit or not. Still, Coinsoda is already a practical project with its wallets available for download and with such a unique concept with their cryptocurrency, it's wise to remain curious and monitor its progress. Hopefully, it could turn out to be a project that is good for investment.