COINLION

DO WE NEED ANOTHER EXCHANGE?

You may not know it, but there is a silent war carrying on within the cyptocurrency world. It’s a war waged over crypto exchange market share, and the battleground is which exchange will be the first to offer the most complete package. A package that satisfies the needs of the consumer as well as the needs of ICO businesses looking to enter the market.

Exchanges are arguably what makes the cryptocurrency world turn. Without them, the market wouldn’t be able to operate. The Exchange market share is not trivial, as big money is at stake. However, the competition is fierce as there are more exchanges in the market than you can shake a stick at. In sum, you better have a damn good value proposition at this point if you think you deserve a spot at the table.

To compete, new businesses generally embrace the tried and true strategy of “one-upping” your competition. As a result, watching the exchange industry mature is almost like watching Game of Thrones, where exchanges try to find the right combination of capabilities that will win customer hearts. The combination might be mean a better marketing budget, interface, or just several items that represent a better overall package. This escalation naturally occurs within industries that are maturing. We know it commonly as “progress.” This is a good thing because the consumer is the big winner after the dust settles.

I can’t speak for everyone, but there are exchanges that I love and ones that I can’t stand to use. Like myself, I bet each person has a threshold where it just isn’t worth the frustration to use and I’m sure most people, like myself, looks for the first opportunity to transfer assets out. However, the cryptocurrency market is still maturing, and I think we are now witnessing the second generation of exchanges.

To conclude, I’ll answer the original question and say that I do believe there is room for improvement. If business is war then CoinLion has armed itself with a robust value proposition and waiting to enter the fray.

COINLION VISION

CoinLion’s vision is to create an ecosystem whereby users will be able to manage their digital assets (cryptocurrency) and use a variety of analytic tools to become a better investor/trader. In other words, CoinLion wants to be a one-stop-shop trading platform.

Part of the solution is having the right tools, and the other part is creating a robust ecosystem/community were a person can learn, grow and share ideas.

COINLION VALUE PROPOSITION

Every exchange thinks their business model and capabilities are the best. I’m going to spare you from talking about CoinLion’s the baseline capabilities that I feel, all exchanges, at the minimum, should offer at a high-level, such as friendly user interface, security, and customer service. Instead, I’ll focus on CoinLion’s unique offerings (Portfolio Management Tool, Dual Blockchain System, ICO underwriting, and several security features) that will set them apart from the rest of the crowd.

PORTFOLIO MANAGEMENT TOOL AND LEVERAGING COMMUNITY WISDOM

CoinLion’s answer to the tool part of the equation is their Portfolio Management Tool (PMT). CoinLion’s PMT will allow users to create multiple portfolios to manage their digital assets in a simple and efficient manner.

At the same time, CoinLion members will also be able to share their portfolios, strategies, and research with like-minded CoinLion members. That is the other half of the equation, which is to create an ecosystem/community.

CoinLion members will also be able to generate revenue and win bonuses from CoinLion and other members when they allow their portfolio(s) to be publicly tracked and published. In other words, this allows traders to generate LION (CoinLion’s native token) simply for sharing their portfolios and strategies within the community.

DUAL BLOCKCHAIN SYSTEM

I’m not familiar with many blockchains that have adopted this system. Vericoin (VRC) is the only one that I’m aware of that has adopted the architecture. It is highly likely that CoinLion is the first and only exchange to adopt it.

DBS is designed for speed to track and monitor transactions. Each blockchain serves a specific purpose and when working together it makes it possible to achieve complete integrity, immutability (unchangeable), and transparency.

CoinLion uses one blockchain to store specific data related buy and sell orders to sync with the matching engine. CoinLion’s second blockchain stores data specific to each transaction. This dual blockchain uses geographically distributed nodes to confirm transactions and preserve the decentralized nature of the blockchain.

SECURITY  CIRCUIT BREAKER/COLD STORAGE/INSURANCE

I know I said earlier that 100% security should be a given. However, I feel compelled to write a few distinct platform features that are uncommon with the first generation of exchanges.

Circuit Breaker: CoinLion’s platform will include a built-in circuit breaker (same as traditional stock exchanges) to protect from flash crashes. The circuit breaker will be available for main currencies such as Bitcoin (BTC) and Ethereum (ETH). However, the circuit breaker is not designed to prevent integrity of the markets, instead it exists to protect specific currencies from moving 25% in 5 minutes. In the event of a 25% move in a 5 minute period trading will halt for an hour. As currencies mature, more will be added to the policy.

Cold Storage: CoinLion stores 98% of deposits in cold storage. The remaining 2% will be used to facilitate faster processing of withdrawals.

Insurance: Hacking is a high risk. Chinese exchange GBL and Mount GOX lost a combined 395 million worth of BTC. While those examples happened several years ago, the risk persists today.

To quell investor worry, CoinLion will offer full pay out insurance if CoinLion has a (successful) attack on its online storage. As an added insurance for United States residents, FDIC will insure accounts up to $250,000. FDIC involvement is a first that I’ve seen.

THE LION TOKEN

CoinLion will introduce a token, LION, which will be used within the 

platform. LION will create an ecosystem that rewards and incentivizes users to share and create portfolios, strategies and research related to the management of digital assets.

LION is the token that interacts with the platform. LION an ERC20 

compatible token. The symbol is simply LION. CoinLion will offer a LION market where trading is free. This creates another use case for LION and will work to ensure the integrity of LION within the CoinLion Platform. LION also has a myriad of uses and functions within the CoinLion Platform:

Spend LION

• Track and duplicate portfolios
• Trade for free within the LION market
• Discounted trading when holding LION
• Create and manage multiple portfolios with the portfolio management tool
• Access research and analytics within the CoinLion research and analytics library
• Access to ICOs launched on the 
  platform at a discounted rate
• Advertise portfolios and promote your content on CoinLion and other platforms

Earn LION

• Allow users to track your created 
  portfolios
• Create and share content relating to the management of cryptocurrencies
• Create and share research
• Create and share strategies with other users
• Allow advertising on your public 
  profile
• Earn LION for being a top performer or researcher
• Create research for the CoinLion 
  research and analytics library

LION Token Sale

CoinLion will create a total supply of 500 million LION. No additional LION will be created. 250 million LION will be available in the token sale. The token sale will include a Pre-Sale and a two phased token sale:

• Minimum Goal to start: 15,000,000 LION
• Currency accepted: ETH
• Base LION Token exchange rate: 1 ETH = 2500 LION
• TOTAL TOKEN SALE HARDCAP: 250,000,000 LION
• Pre-Sale: 5 ETH Minimum 
  25,000,000 LION hard cap 
  Bonus: 40%
• Exchange Rate: 1 ETH = 3500 LION

Token sale Maximum: Unlimited 

Minimum: 1 ETH

Phase 1:

• Start Date: 18th of December 2017 (12AM UTC))
• End Date: 7th of January 2018 (12AM UTC)
• Week 1: Bonus 20%
• Exchange Rate: 1 ETH = 3000 LION
• Week2: Bonus 15%
• Exchange Rate: 1 ETH = 2875
• Week 3: Bonus 10%
• Exchange Rate: 1 ETH = 2750

Phase 2:

• Start Date: 12th of February 2018 (12AM UTC)
• End Date: 25th of February 2018 (12AM UTC)
• Week 1: Bonus: 5%
• Exchange Rate: 1 ETH = 2625 LION
• Week 2: Bonus: 0%
• Exchange Rate: 1 ETH = 2500 LION

ROADMAP

DECEMBER 11, 2017 – LION TOKEN PRE-SALE OPENS

DECEMBER 18, 2017 – LION TOKE SALE OPENS (PHASE 1)

FEBRUARY 12, 2017 – LION TOKE SALE OPENS (PHASE 2)

FEBRUARY 25, 2018 – FINAL PHASE OF TOKEN SALE COINLIONOSES

JULY 7, 2018 – LION TOKEN OPEN FOR TRADING ON THE CONLION PLATFORM

AUGUST 2018 – ONGOING DEVELOPMENT & NEW COINS CONTINUALLY ADDED

COINLION REFERENCE INFO:

Website: https://coinlion.com

Twitter: https://twitter.com/coin_lion

Facebook: https://www.facebook.com/CoinLion.official/

Tekegram: https://t.me/CoinLion_Platform

Profil Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1592209

ETH Address: 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8