USDT
BNB
XRP
About CoinChum
Coinchum is a Peer to Peer marketplace with various cryptocurrency offerings, including Bitcoin, USDT, and Ethereum, XRP and the Chum token. Coinchum integrates web-based features with an intuitive interface that enables users to learn from education resources, as well as trade cryptocurrencies using advanced market tools that allow for the efficient monitoring and analysis of market trends. Coinchum is committed to working with investors to ensure that their interests are embedded in each stage of the business process
Tiered deposit or withdrawal fees for all the cryptocurrencies.
Awesome affiliate program (Users earn a percentage by their referrals.).
Cryptographically secured wallet provided by Multi-Party Computation (MPC) technology
Flexible exit plans for investors(SPAC setup and operation in Hong Kong)
Wallet Security
Coinchum’s wallet security is protected via MPC which is cryptographically secured and protects the wallet from any human error or cyber-attack. Security to a wallet address is necessary as many individuals and institutions are entering this ecosystem. MPC provides four layers of security. These consist of:
1st Layer - Multi Cloud with MPC
The Multi Cloud provides security to the private key as it is never on a single device. The MPC and CMP (Certificate Management protocol) remove any single point of contact from both the internal and external hackers.
2nd Layer – Software Guard Extension(SGX)
SGX is encryption by the CPU of a portion of the RAM (i.e. computer memory) used to store each private key. The RAM and data are encrypted in the SGX which protects them from any hack or malware attack, even if the hacker has overall control over the Operating System.
3rd Layer – Policy Engine
This layer enables institutions and organizations to set their own approval policies for transaction, hence, it is called Policy Engine. The Policy Engine is also client-facing: it enables users to set their own rules and validation processes needed prior to transaction approval.
4th Layer – Settlement layer
Since the deposit address’s authentication is automated, the settlement layer helps in mitigating risks by authentication rotation. This is very important as at stake here is institutional asset security.
Problem(with prevailing P2P crypto platforms) & Solution(by Coinchum)
Limited choices on coin selection. No risk hedging tools.
- An open voting system
- Binary trading pairs with low fees
Poor or non-existence customer service
- Fast reply from online chat
- Fast resolution for login & account issues
Less security on account and wallet
Wallet security
- Assets insurance
- Fund password Account Security
- GA
- Anti-phishing
High fraudulent probability
- Anti-Scam (before trade)
- Anti-Scam (after trade)
Lack of cryptoanalysis tools
- Detailed price analysis tool
- Powerful events & information terminal
Lack of education
- Cryptocurrency Academy
- Education resources
Inflexible fee structure
- Affordable and user friendly fee rate
Lack of user voice
- Collect user opinions and suggestions
- Let users add crypto wiki and more related materials
COMPETITOR ANALYSIS
| Localbitcoins | Paxful | Coinchum | |
|---|---|---|---|
| Crypto Currency | 1 | 2 | Multiple |
| Escrow fee | 1-2% | 1-5% | 0.5 and flexible |
| Crypto2Crypto | No | No | Yes |
| Crypto2Fiat | Yes | Yes | Yes |
| Security level | High | Medium | High |
| Analysis tools | No | No | Yes |
| Education Resources | No | No | Yes |
| Anti-Scam System | Medium | Low | High |
| Customer Service | Low | Low | High |
Coinchum targets markets with excellent future growth
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August of 2020, Kucoin exchange announced the addition of Nigeria’s Naira currency as a payment option. Similarly, Binance added Kenya’s popular mobile money service Mpesa to its peer-to-peer platform. Meanwhile in East Africa, Binance opened a subsidiary in Uganda and promptly signed up 40,000 users in its first week
CRYPTO AND SPAC ERA
If Coinbase’s IPO has brought cryptocurrency into the mainstream of asset classes, it could have implications for SPACs. There are around 430
SPACs looking for deals and, it is highly likely given SPACs role as lightning rods for speculation, that we'll start to see more cryptocurrency/bitcoin
SPAC deals in the near future.
Indicative of future developments here is the news recently
announced by Blockchain technology developer
OBIT. OBIT announced in January 2021 that it is itself working to form a
SPAC to combine with an emerging blockchain target.
DraftKing’s (NASDAQ:DKNG) 52-week low of $9.85 and a high of
$64.19 shows how big a gain is possible when buying and holding a SPAC on an uptrend.
Token Sale
Bonus Details
Token Allocation
Use of proceeds
Exit Plan for Investors
Coinchum aims to expand horizontally into new market segments in the future, thereby moving beyond its initial function as an innovative trading platform for cryptocurrencies.
What is a SPAC?
A special purpose acquisitions company is essentially a shell company set up by investors with the sole purpose of raising money through an IPO to eventually acquire another company.
Exit options for crytop project investors
- Token appreciation
- Strategic acquisitions
- Management buyouts
- Initial public offering (IPO)
The company plans to raise further funds with the Hong Kong Limited Partnership Fund (LPF), enabling our investors to access subscription shares in the company prior to any IPO. The Company will invest not less than 20% of its proceeds from crowdsale to the setup of LPF.
Exit options for Chum investors
- Investors in CHUM might expect shareholder value appreciation as the Company will buy back CHUM with any LPF proceeds. This will support CHUM’s price action, reduce its volatility and support trading volume over time.
- When the Hong Kong SPAC is up for registration, the Company will transfer LPF’s remaining assets to SPAC after the latter’s IPO listing. Coinchum investors will have the first priority to subscribe for those pre-IPO shares.
- The Company also provides an exit plan for investors after launch of its LPF and IPO listings. The Company will align its business objectives with the objective of being in a position to buy back tokens from investors at a price which is attractive.
What are we planning to achieve ?
Coinchum will be guided by the following product roadmap. The dates in the roadmap are indicative and are subject to change. In the event that amendments are made to the calendar detailed below, Coinchum will update this white paper accordingly.
What we’ve done so far?
As of the first week of May 2021,we have completed front and backend development. Our engineers and a selected group of traders have begun to test the system and fix bugs. We are installing the final series of functionalities that will be available on the interface, with the result that a final product will shortly be ready to go to market.available .
Team
Core Team Member
Daniel Yan
CEO and founder
Entrepreneur ,certified PE fund manager,successful modeling on Fund of funds,patent holder of intelligent web development and China charity navigator,forex trader,bitcoin miner,senior Bitcoin P2P trader
Nitesh Mishra
Chief Operating Officer
Founder of Bramble (Public Blockchain). Serial Tech enterpreneur
Kartik Patel
CTO
Full stack senior web developer 8+ Years experience on web, mobile, and blockchain Development Certified Bitcoin Expert™, Blockchain Expert™ and Ethereum Expert™
Board Advisor
Delia Sabau
Hedge Fund investor, serial entrepreneur
Xavier Bravo
Fraud and Compliance Specialist | Customer Support Expert
Eric Ho
Private Crypto Investor and Advisor on fund raising. Current Investment Director with expertise in equity, fixed income and crypto currencies trading.
Lokesh Shanbhag
Early investor in Metaverse,NFT,DAO projects.Strategic advisor for blockchain projects..
Lokesh Shanbhag
Early investor in Metaverse,NFT,DAO projects.Strategic advisor for blockchain projects.
Moshood Animashaun
Experienced P2P cryptocurrency trader and researcher. A HSSEQ Professional with broad experience in the construction and Oil & Gas haulage industry.
FAQs
Our roadmap is a planned where we take on the most complex problems and turn them into great solutions
What is ICO Crypto?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
What cryptocurrencies can I use to purchase?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
How can I participate in the ICO Token sale?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
How do I benefit from the ICO Token?
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Which of us ever undertakes laborious?
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Pityful a rethoric question ran over her cheek?
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When she reached the first hills?
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Big Oxmox advised her not to do?
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Which roasted parts of sentences fly into your mouth?
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Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
How do I benefit from the ICO Token?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
Pityful a rethoric question ran over her cheek?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
Vokalia and Consonantia, there live?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
Who do not know how to pursue rationally?
Once ICO period is launched, You can purchased Token with Etherum, Bitcoin or Litecoin. You can also tempor incididunt ut labore et dolore magna aliqua sed do eiusmod eaque ipsa.
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Get In Touch
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@coinchumco