The idea of CoTrader is to make crypto investment management available to the masses. Some of us spend hours learning and analyzing projects but considering the fact that there are dozens of ICOs emerging every day, it is virtually impossible to examine all of them and there is high chance that you might miss the next big project easily. Moreover, most of us do not have enough expertise to scrutinize all aspects of a project. Yet there are people who do, and CoTrader’s unique proposition is to allow platform users delegate the authority to such people to manage their funds and make money for them. In return, these managers will receive a fee for their expertise. The blockchain will provide complete transparency and accountability, making sure that your fund manager doesn’t get away with your crypto assets.
The Technology
The main technological feature of CoTrader is the Smart Fund, which is essentially a smart contract based on Ethereum, which has a fund manager, investors and shares. The fund manager, that is, an expert trader who will manage the fund and invest in profits, will be able to create a fund. Investors will be able to buy shares of the fund and make profit depending on the amount of their share in the fund. The manager will receive a fee for his services.
Another feature of CoTrader is the SuperDEX infrastructure, which combines decentralized exchanges for maximum liquidity and capacity and allows fund managers to trade on these exchanges. Initially, CoTrader will support Bancor, Kyber and 0x, and later will join more DEX.
Smart funds are coded in such a way that investors can withdraw their funds at any time.
The CoTrader platform will also unify the ICO, which means that smaller investors will be able to participate in pre-sale services and receive early discounts of supporters without being deceived by some shady pools. Investors can also whiten on the platform, and they will not need to do KYC for each individual ICO. More importantly, since CoTrader shares have been minted for each created fund, users will be able to trade these shares from funds created for investing in ICO, which have not yet distributed their tokens. This will effectively create the ICO futures market on the CoTrader platform.
The entire platform is managed by the DAO (Decentralized Autonomous Organization), which means that every system decision about the functioning of the platform is carried out by the DAO, not by people.
Team and advisers
CEO and founder Gary Bernstein has many years of experience developing software in various companies. He also serves as an adviser and strategic partner in Senno, a decentralized decision-making network based on blockades. Who Eliezer Steinbock worked as a software engineer with the Israeli Defense Forces. Fintech analyst Adam Kovacs worked as a risk and investment analyst with Citi and Cockpit Innovation (the Israeli VC). The team also consisted of other specialists in block and financial management.
The advisers include Erika Zeng, who served as vice president of strategy for Goldman Sachs and Algo Lead / Manager for JP Morgan. Jimmy Narain spent several years in conjunction with Allianz and Goldman Sachs. Ori Levy represents Block51, an Israeli premium cryptographic marketing agency, and Gladius, a security company with a block chain.
Tokens
The total volume of deliveries of COT tokens is 100 billion, and 20% (20 billion) is offered for sale. The price is tied to ETH, with 1 ETH, equal to 700 000 COT. Therefore, the hard cap should be about 29 m ETH (although in the White Paper it is said that this is 10 million US dollars). The bonus before the sale varies from 20% to 40% with a 6-month overlay. According to the Technical Document, team and advisor tokens will be credited for 4 !!! of the year. Honestly, this is the first project with such a long transition period for the team that I have seen so far.
Public sale of seeds is scheduled for June 23-30, state pre-sale will last from July 1 to July 30, and the main sale will take place from August 1-30.
Product
MVP CoTrader already lives in the test network, and mainnet should be launched somewhere in August. It is important to note that the CoTrader protocol supports any intellectual contract platform, including Ethereum, EOS, NEO, WanChain and Hashgraph.
In my opinion, CoTrader is a revolutionary product. The idea may not be new, but scalability and the ability to use CoTrader to tokitize and trade basically any assets such as stocks, real estate, currency, gold, oil, etc., and the variety of platform functions make it unique. In addition, CoTrader will certainly attract many ICO reviewers and influential individuals, as well as managers of investment funds who will be able to monetize their knowledge using the CoTrader platform.
Since I consider myself an early supporter of CoTrader, I think that the team is very enthusiastic about what they do and super to make their product successful. CEO Gary Bernstein constantly talks with various venture capital funds and investment funds and participates in various cryptoconferences that seek to attract more attention to the platform.
The usefulness of the marker seems reasonable, and the hard cap is quite low, implying that the investment project is not overvalued and has ample opportunities for growth. The hiring schedule assumes that the team must make the CoTrader what it should be.
For more information, please visit links below :
- Official Website: https://cotrader.com//
- Whitepaper : https://cotrader.com/cotrader-whitepaper-en.pdf
- Official Telegram Group Chat : https://t.me/cotrader
- Twitter : https://twitter.com/cotrader_com
- Facebook: https://www.facebook.com/cotrader
Author: ardibimbim
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1446175
My ETH: 0xcE84a75540510467B4915692B6ebD1e1b9E3aa93
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