Cointrade – ICO Detailed Information

Cryptocurrency trading is an activity as old as cryptocurrencies themselves. As such, it has been receiving its fair share of attention for about a decade now. First exchanges emerged a long time ago, and most of them have disappeared in the years that followed. However, the trading itself never stopped, not even after large hacks, price drops, or regulatory crackdowns on digital currencies.

Indeed, many have turned to trade into an art, which is why it can take a while before new traders can figure out how everything works. Even so, it is the exchanges' goal to make trading as simple as possible for new users, as the crypto space's survival and development still depend on attracting additional attention.

Trading today is significantly easier than it was, back in the day, and no technical knowledge is needed in order to do it now. Still, there are many who are interested but also intimidated by the process. This is hardly surprising since it consists of new methods with which the majority of the world's population is simply not familiar. This is why the exchanges continue to work on simplifying it further, and making their services available to as many people around the world as possible. This is exactly what the project called Cointrade aims to achieve, as well.

About Cointrade

Cointrade is a project with a goal that is rather simple to understand — it aims to become a global cryptocurrency exchange that would center around satisfying its customers. Its goals include making all interactions and transactions easy, fast, and as safe as possible.

Cointrade wants to see the crypto community, as well as the crypto space itself, grow larger than ever before. This can only be done if more users take up this technology. But, as mentioned before, many still find it overly complicated to use and even understand, not to mention the fact that some do not even have access to it even now.

It is Cointrade's hope that it will be able to fix these issues, and make trading and accessing cryptocurrencies as common, easy, straightforward, and secure as buying things from Amazon. The exchange frowns upon the current state of crypto trading, believing that most exchanges are unsafe, inefficient, and expensive. That is why this project aims to be all that other exchanges are not, by developing a scalable platform for millions of users, which would be able to handle hundreds of thousands of transactions per second.

And, as it is common today among the exchanges, it will also need its native coin, which is why it plans to hold an ICO.

Cointrade ICO details

Cointrade did announce its plans to hold an ICO, but it has yet to decide and reveal when the token sale will take place. All that is known now is that the project was registered in Spain. It has no specified restricted areas, and no necessary requirements announced, such as Whitelist or KYC procedures.

We know a bit more about its coin, such as its ticker — CTT. This will be a utility coin, and it was developed on Ethereum's network. It will be obtainable in exchange for ETH coins, and judging by other exchanges, it will likely have specific use cases within Cointrade's ecosystem, similarly to Binance Coin on Binance.

The coin's preICO price was also revealed, and it will be at $0.20 per CTT, while the ICO price will be slightly higher, at $0.24. The project has set up a soft cap of $5 million, and a hard cap of $25 million. Apart from that, no other information is available at this time.

Author: Ali Raza for Crypto-Rating.com