Trade Monk, Formerly BTC Monk, Crypto Exchange Offers Variety of Trading Options
BTC Monk Rebrands To Trade Monk. An Exchange With Improved Features That Support LIVE INR Deposits And Withdrawals!
Trademonk, formerly Btcmonk, is a crypto-trading platform that comes with lots of functional features for the user. The trading platform is now the property of an Estonian firm Trademonk OU which is currently in its ICO phase at the time of writing this article.
The team that’s managing Trademonk is the same one that was managing Btcmonk. There has been no change of managers upon its acquisition.
What Is Trademonk?
Trademonk is a virtual currency exchange site that provides market trade, escrow trade, stop-loss, limit trade, margin trade as well as OTC trade. With its acquisition of Btcmonk,Trademonk has also acquired over 50,000+ users and the number continues to grow at a good rate.
Playstore alone has recorded more than 10,000 android downloads for Trademonk. On iOS, there has been over 20,000 downloads and 20,000 web downloads. This information clearly shows that the exchange is growing really fast. Trademonk was first established in the 2016 summer and it has been growing in popularity.
For one to enjoy the features offered by Trademonk, he/she has to sign up and do their KYC. This allows them to access their active INR deposits as well as withdrawal services. Trademonk is one of the few crypto-exchanges that is still offering bank withdrawals even after R.B.I prohibited that.
What Features To Expect On Trademonk
Trademonk has an array of exciting features that will hook any user to the site. Some of these include:
This type of order cushions users against inherent losses. The reason behind stop loss is to be able to avoid unexpected losses. The order is, however, sold at a lesser price than what you had bought it.
Here, a user is able to instantly buy/sell coins available on the platform. Notifications of the transaction are directly sent to the user.
For fast order execution, Trademonk embraces peer to peer trading.
Here, a user has the freedom to put their order according to their choice. That order will be completed with ‘’Highest Buy & Lowest Sell’’. One will be notified on the status of their order.
This involves borrowing money from a platform so that you are able to purchase a higher amount of an asset that you couldn’t with just your money.
TMNK Fiat support:
Trademonk embraces major currencies like EUR, INR and THB. A user can deposit any of these fiat currencies and trade in TMNK.
There are so many other features that Trademonk offers once you sign up. We possibly couldn’t list all of them here. The objective of the exchange is to offer cryptocurrency solutions to its users.
Trademonk is set to issue their own coin known as TMNK Coin. The supply will be 2.8 million. It will run on Ethereum blockchain with ERC-20.
- TMNK public sale began on 6th August 2018
- TMNK public sale will end on 30th September
- Transaction amount is 0.1 BTC.
- 1 TMNK = 0.00063878 BTC
- Trademonk Token Economics:
Out of 2.8 million TMNK tokens that will be generated, the distribution of TMNK token is as follows:
- 20% – ICO
- 40% – Referral Interest and Airdrops
- 25% – Company Holds.
- 15% – Direct Sale.
The TMNK airdrop for the holders will be calculated as follows:
- For every TMNK invested for three, six, and nine months, there will be a fixed airdrop of 12% monthly.
- Everyday airdrop will be calculated as 0.05% TMNK holding.
- There will be a referral airdrop of 25% of trade fee on the introducing user.