Strike Coin is a digital currency created by Dimensions Network. Find out everything you need to know about the platform today in our review.
What is Strike Coin?
Strike Coin, or STC, is a digital token issued by Dimensions Network. The token is currently available for purchase in exchange for ETH.
As a Strike Coin token holder, you receive a proportional share of 15% of trading fees generated by the Dimensions Network platform.
The Dimensions Network platform will support standard coin pairs, options, futures contracts, and other trading products. It will also function as an exchange aggregator.
“We anticipate a great interest in these new derivatives and a substantial return on investment,” explains the official Dimensions.network website. “Moving forward we expand our services onto a decentralized network, and offer our users cryptographically secure derivative trading, and eventually a real-time transactional currency by us.”
How Does Dimensions Network Work?
Dimensions Network aims to provide a range of trading products alongside an ordinary cryptocurrency exchange. Here are all of the features and services that aim to be available over the platform:
Multiple Trading Products:
Dimensions Network will offer advanced derivative trading products alongside a regular cryptocurrency exchange, including regular trading, margin trading, shorting, options trading, and futures trading.
Dimensions Network lets you get the best price from any exchange. You don’t have to buy at a higher price than someone else because you don’t have an account on the cheapest exchange. With that goal in mind, Dimensions Network is creating an exchange liquidity aggregator (ELA) that enables users to buy and sell at the best possible price, from the best possible exchange at the time, using only the Dimensions Network platform. In other words, the ELA allows users to trade on other exchanges with the platform, saving them time and effort because they avoid needing to register on multiple exchanges.
Fast and Scalable:
Dimensions Network’s trading engine is written using Erlang for maximum scalability and nonstop availability. This is the same language used by global stock exchanges to ensure compatibility under times of extreme stress.
Centralized and Decentralized:
Dimensions Network describes its system as “centralized decentralized liquidity sharing”. That means users get lightning fast trading on the centralized platform, with liquidity sharing into the cryptographically guaranteed decentralized exchange platform. It’s a combination of a traditional centralized exchange with the benefits of a decentralized liquidity pool.
Multi-Blockchain Asset Support:
Dimensions Network supports blockchain assets across multiple blockchains. The company plans to launch with support for bitcoin, Ethereum, and USDT for coin pair trading, options, and futures. Over the coming months, Dimensions Network will roll out support for the top 10 cryptocurrencies, then move onto ERC20 tokens and altcoins.
Fiat Funding and Withdrawal:
Dimensions Network has a banking license that allows it to accept USD, EUR, SGD, KRW, and JPY.
The Dimensions Network platform will be accessible over your web browser, mobile device, and API (REST API and JSON data feeds).
The Strike Coin Token Sale
The Strike Coin (STC) pre-sale took place in October 2017. The token sale is scheduled for January 2018, with a platform launch scheduled for Q1 2018.
The Strike Coin is a token issued by the Dimensions Network for various uses on the platform. Initially, the token will be used to distribute rewards to token holders (15% of fees generated by the platform will be shared with token holders as a reward).
The main token sale is scheduled for January 24 to February 24, 2018. The company is seeking to raise 150,000 ETH (about $44 million USD) with a maximum token supply of 240,000,000 STC.
The exchange rate is set at 1 ETH = 800 STC.
Who’s Behind Dimensions Network?
Dimensions Network is led by Stephen Mullens (CEO), a corporate manager from the energy sector. Other key members of the team include Rin Chwe Me (Head of Operations) and Manu Datta (CTO).
The company is based in Singapore.
Dimensions Network Conclusion
Strike Coin, or STC, is a utility token for Dimensions Network, which is an upcoming cryptocurrency exchange that also features derivatives, futures, and other trading products. The pre-ICO took place in October 2017, with a general crowdsale scheduled for January/February 2018.
Unique features of the platform include the fact that it’s built on Erlang, and that it’s a hybrid decentralized/centralized exchange (centralized trading facilitated by a decentralized liquidity pool).
To learn more about Strike Coin and the Dimensions Network platform, visit online today at Dimensions.network.