Pratiwi Kusumaningtyas: Cloverdex

We will provide Article to present the “ Cloverdex Exchange” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.

The hope of joining the This project is very big for us, before you join it will be better if you understand the project besides it will add to your insight and improve information for you especially understanding the project’s vision and mission so that it adds to your trust in.

https://cloverdex.io/

Cloverdex offers department stores for several fiat gateways, hundreds of cryptocurrency, and crypto debit card facilities. Combining the speed and liquidity of centralized exchanges with security provided in decentralized exchanges where users have their private keys. The Cloverdex trading platform will serve both novice users and advanced users through our 3-step ethos. This means that all actions (eg registration, trading) can be completed in 3 steps. Some Fiat installations — up to 10 different fiat pairs at first with more to come

Cloverdex will provide hybrid decentralized modular exchanges and secure multi-currency wallets (implementing multi-signature technology) with a strong focus on cryptocurrency market analysis and knowledge sharing, user accessibility and friendliness, social trade, and best practices in regulatory and legal compliance .

Since the start of Bitcoin in 2008 in the midst of the global financial crisis, the value and adoption of cryptocurrency has exploded and has thus received great media, political and public attention. But with such increased exposure, there are still many challenges facing adoption and the use of cryptocurrency practically every day beyond what many people consider to be speculative investment.

https://cloverdex.io/

To overcome this problem, Cloverdex aims to offer a cryptocurrency trading platform for beginner and advanced traders by incorporating innovative crypto economic concepts, technological technical knowledge, and educational concepts. In the end, in addition to dealing with seven problems, Cloverdex focuses on building a strong business model that is economically sustainable that benefits the cryptocurrency community and investors in our vision and mission.

Cloverdex aims to address the following seven problem areas that currently hinder the acceptance and adoption of cryptocurrency; accessibility of funds in the real world, usability, security, liquidity, compliance with regulations and law, education, and transparency.

Cloverdex aims to address the seven challenges facing cryptocurrency exchanges today:

Usability — current exchanges involve too many steps and are designed for advanced users or assume that users have pre-existing knowledge
Crypto currency exchanges are vulnerable to hacking and internal fraud due to a lack of security and funding focus.
Liquidity — not having enough people trading on the exchange produces greater difficulties in trading, higher asset costs for investors, and difficulties in attracting incoming funds.
Transparency — Hidden trade costs and charged commissions result in higher investor costs and a lack of trust.
Compliance — customers are hesitant to enter the cryptocurrency market because of the perceived uncertainty in regulations and laws.
Education — most exchanges are for advanced traders and lack of proper education and easy-to-use tools for novice investors.
Accessibility of funds — the current solution to bridging traditional payment infrastructure and blockchain-based assets is not smooth and involves high transaction costs either through upfront costs or currency conversion rates, both of which form disincentives to use.

To realize its vision and mission, Cloverdex will create its own Ethereum-based functional token (ERC20) that will provide member price discounts, free EFTPOS debit cards, access to advanced market analysis tools, initial Beta access to platforms, increased trading limits, and more again (will be announced).

https://cloverdex.io/

Pre-sale of Cloverdex tokens (CLDX) will be launched in mid-December 2018 for a limited group of contributors. Funding collected as part of pre-sales will mainly fund the initial start-up, marketing activities, negotiations with payment processors and the recruitment of technical talent leading to crowdsale public.

However, despite all the growth and noise around the cryptocurrency that is occurring, there are a number of problems that confuse many potential investors to join the ranks of those users who have long made cryptocurrency a part of their lives.

As practice shows, many people are confused by several negative factors:

The first and probably the most important problem is the underdeveloped infrastructure around the blockchain technology. That is, there are few such services and platforms that would offer a seamless relationship of the cryptocurrency with the real world;
the second problem reinforces the first, because it is directly related to the impracticality of already existing systems that seek to perform the same function for which cryptocurrencies were created;
The third problem is associated with poor education. In fact, a huge number of people around the world still do not understand the principle of operation of cryptocurrency and blockchain technology in general. All this adversely affects the overall development and mass adoption of technology throughout the world;
The fourth problem is closely related to the third, because it also breeds people’s fear and uncertainty about tomorrow. This is mainly due to the fact that people do not fully understand the position of the laws and regulations regarding cryptocurrency. Now many countries are divided into two camps, some accept this technology, others impose a ban on it and are categorically against it;
The fifth problem lies in the low liquidity of trade exchanges, which entails some difficulties in cashing their assets in Fiat.

In fact, this list goes on and on, since there are a lot of similar trifles and all of them overlapping each other form a tangle that needs to be unraveled. Many experts understand the essence of the problem and are working on their solution, creating new advanced systems that are ready to solve most of the problems. We will talk about this project today.

Cloverdex — Modular Hybrid Decentralized Exchange:

Cloverdex will provide a modular hybrid decentralised exchange and secure multi-currency wallet (implementing multi-signature technology) with strong focus on cryptocurrency market analysis and knowledge sharing, user accessibility and friendliness, social trading, and best practice regulatory and legal compliance.

Cloverdex offers a one-stop shop for multiple fiat gateways, hundreds of cryptocurrencies, and crypto debit card facilities. Incorporating the speed and liquidity of centralised exchanges with the security afforded in a decentralised exchange where the user owns their private keys. The Cloverdex trading platform will cater to both beginners and advance users through 3-step ethos. This means that all actions (e.g. registration, trading) can be completed within 3 steps. Multiple Fiat pairings — up to 10 different fiat pairings initially with more to come.

Problems does Cloverdex solves

Usability — current exchanges involve too many steps and are tailored for advance users or assumes that the user has pre-existing knowledge
Security — cryptocurrency exchanges have been susceptible to hacking and internal fraud because of lack in security focus and funding.
Liquidity — having not enough people trading on an exchange results in greater difficulty to trade, higher asset costs for investors, and difﬁculty in withdrawing funds in ﬁat.
Transparency — Hidden trading fees and commission charged results in higher investor cost and lack of trust.
Compliance — customers are hesitant to enter the cryptocurrency market due to perceived uncertainty in regulations and laws.
Education — most exchanges cater to advance traders and lack proper education and easy to use tools for beginner investors.
Accessibility of funds — current solutions to bridge traditional payment infrastructure and blockchain based assets are not seamless and involves high transaction fees either through upfront fees or currency conversion rates, both of which form a disincentive for use.

the ultimate aim of Cloverdex Team:

The purpose of the cryptocurrency exchange is to allow trade between fiat currency and
blockchain based assets, and between different types of blockchain based assets. The
exchange will act as the broker between buyers and sellers and arrange transactions between
parties for a small transparent fee.

A key differentiating feature in the Cloverdex exchange will be its focus on ease of use and
friendliness via our 3-step design ethos and its ability to provide timely and relevant news,
information, market analytics and statistics to better educate users and encourage their market
participation. This feature will be further explored in section 3.5.10.

The exchange will offer a large number of cryptocurrencies and alternative coins (altcoins)
including but not limited to Bitcoin, Ethereum, XRP, Bitcoin Cash and more. As the platform
matures and CLOVERDEX begin integrating external exchange trades, users will have seamless access to hundreds more altcoins.

CLOVERDEX TOKEN KEY FACTS:

TOKEN KEY DATES

Token Information :

CLDX Token

Type ERC20

Price on ICO 0.2100 USD

BONUS

30% bonus for presale

5% to 15% during the crowdsale.

Tokens are available during ICO 80,000,000

payment ETH

SoftCap 5,000,000 USD

HardCap 15,000,000 USD

ICO Presale tokens +30% Bonus: now until 15 Feb 2019
ICO Crowdsale + 5% to 15%: 16 Feb 2019

Roadmap:

August 2018 Whitepaper; Development of alpha prototype; Development of promotional material (video, website); Community engagement and building.

December 2018 Pre-sale; Pre-sale will start mid December 2018; Start selection and negotiations with payment processor; Intensify Marketing initiative.

January 2019 Technical talent procurement; Technical talent and development team formed; Intensify Marketing initiative.

January — February 2019 Public crowdsale; Public crowdsale commence; Audit of crowdsale results.

Q1 2019

Beta exchange and wallet launch; Closed Beta launch early in the year; At the beginning of the year; March / April 2019; First major security audit by external service provider

Q2 2019

Full release; Multi-currency wallet — includes up to 10 fiat pairs; Debit Card support added and shipped to customers.

Q3 2019

Majority decentralized exchange module; Increase number of pairs based on customer demand; Support for over 100+ cryptocurrencies and tokens. We will ensure that the quality of cryptocurrencies / tokens are available on the trading platform; Internal testing of hybrid decentralized exchange module.

Q4 2019

Hybrid Decentralised Exchange migration; Seamless model of decentralized model.

Team: