An upcoming ecosystem hopes to create a suite of services that will make it easier for cryptocurrencies to be used in everyday life - including professional bookkeeping, legal, and accounting services to protect a user's interests.
MillionCoin says its platform is geared towards investors who are interested in crypto but don't necessarily have in-depth technical knowledge about how it works.
Users would be able to exchange cryptocurrencies effortlessly and perform payments quickly while limiting the fees associated with their transactions.
The beating heart of the ecosystem would be a marketplace known as the One Million Shop, allowing items to be purchased without the arduous process of converting crypto into legal tender first.
Although multiple cryptocurrencies will be supported by the store, users would experience "Additional benefits" if they use the ecosystem's native MON token - including discounts and exclusive access to special features.
Automated transactionsMillionCoin's marketplace is complemented by an intuitive trading system which allows transactions on cryptocurrency exchanges to be completed automatically.
Experienced crypto holders also have the chance to set their own parameters for buying and selling cryptocurrencies if they prefer.
The commission charged by the bot on transactions is calculated by looking at each user's turnover for the past 30 days, and there are also fees associated with completing transactions on crypto exchanges.
The company also plans to offer its services externally, meaning clients can ask the team to build crypto exchanges or trading applications on their behalf or seek programming assistance with an upcoming crypto-based project.
Other services on offer include specialist advice on the legal and tax issues associated with trading cryptocurrency, helping customers to remain compliant in their country even if there is a "Lack of explicit and exhaustive regulations." The fees charged for this expertise will be settled through crypto, including the MON token.
Ecosystem Brings Online Marketplace, Automated Crypto Trading and Tax Advice in One Place
Publicado en May 29, 2018
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.