D'Coin Announces Its Upcoming D'Crypt Trading Platform
D’Crypt, the creators of D’Coin (DCO) has recently announced that it would launch its own trading platform, which would be focused on high-profile altcoins. The company has perceived that the market for these tokens has become increasingly bigger recently, but also risky. Because of this, it came up with the idea to launch a platform that would only select the best altcoins for trade.
This new exchange will use its own currency, DCO tokens, as a method of exchange. This means that you will not need to convert your money to many different tokens in order to buy altcoins, only use D’Coin, the company states.
D'Crypt’s Sentimental Algorithms
Art Moon, the director of Marketing for the company, states that the platform will have reliable and clean information and will use “sentimental algorithms”. They will act as a way to “feel” the trader sentiment and try to determine how the market will work.
The company states that the platform will prioritize the maximization of trader safety, security and their profit and that the transactions will be made via smart contracts based on the ERC-20 (Ethereum) model, which is already popular.
D’Crypt will have algorithms that will try to determine the best moment to buy and sell altcoins so you can always profit from the volatility of the market. It was also using these algorithms that the company determined the better tokens to be added to the platform.
Trading Safely With Smart Contracts
Its concerns with safety led D’Crypt to use the Ethereum blockchain as a basis for its upcoming platform. If you follow news of the market, you should probably remember that many important exchanges like Binance, Coinbase, Localbitcoins, Paxful and others have lost money due to bugs or scams recently.
The Ethereum blockchain enables the creation of a really decentralized blockchain, which does not mean that D’Crypt won’t ever have problems, but its smart contracts are a way to be protected from fraudulent chargebacks, for example.
Debasish Pattnaik, co-founder of the company, has said that smart contracts are important because they give transparency to the customers and democratize trading. Another member of the company, chairman Dibyendu Pattnaik, believes that a major advantage of platforms like this one is that they cut the middleman and effectively remove barriers that only get in the way of trading.
D'Coin Is Currently On Sale
It was not a coincidence that this announcement was made now. D’Crypt has announced the pre-sale for its D’Coin (DCO) tokens. The pre-ICO sale starts on May 10 with a soft cap of $3 million USD. To participate, you have to be whitelisted on a Know Your Customer and Anti-Money Laundry registration process.
After the pre-sale, the main ICO will begin. The second phase will have more tokens and you will be able to invest using less money but you will have to pay more for the DCO tokens.
- Token Symbol: DCO
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Be sure to check out more from D'Fintec in the near future.