web analytics

CoinPlace (CPL) — Paxtradings Report

PAX Trading > ICOs > CoinPlace (CPL) — Paxtradings Report

Paxtradings Report: CoinPlace

What is CoinPlace?

CoinPlace is the world’s first platform enabling to invest in ICOs with fiat money. CoinPlace is a profitable way to buy crypto assets without an agent.

— Stan Teo, Chief Strategist

ICO Quick Facts:

  1. Single place for P2P trading of all ICO tokens and cryptocurrencies for fiat
  2. 0.001 ETH = 1 CPL
  3. ICO Start Date: March 20, 2018 — May 20, 2018
    Pre-ICO (closed): December 5, 2017 — January 31, 2018
  4. 29,750,000 total available / 35,000,000 total supply
  5. MVP Prototype already launched and can be downloaded to try

Q&A with Stan Teo, Chief Strategist

Paxtradings: For those who are not familiar with CoinPlace, can you explain what it is and what the team aims to accomplish?

Teo: CoinPlace is the first P2P platform for trading ICO tokens and cryptocurrencies. The main goal of the service is to make the cryptocurrencies and ICO market available to people all over the world.

Paxtradings: How does CoinPlace function within the platform and why is it needed?

Teo: The purpose of the platform is to enable any person to purchase ICO tokens and cryptocurrencies for fiat money quickly and effortlessly.

Today only 0.4% of wealthy people all over the world are able to purchase ICO tokens at once. CoinPlace will increase this value to 50–70%.

Paxtradings: Your service relies upon P2P trading of cryptocurrency. Many other services facilitate trading cryptocurrency, how is yours different?

Teo: Currently, there are no services that offer ICO tokens. CoinPlace wants to take this niche for itself making the ICO market available for the wide audience. We plan to offer our customers a wide selection of cryptocurrencies instead of only BTC and ETH or single specific variants available in most services. Thanks to CoinPlace, operations with cryptocurrencies will become available to average people via a mobile phone.

Paxtradings: Prospective investors in cryptocurrency may find it overly-complicated and investment difficult. How does CoinPlace intend on making investment in cryptocurrency more accessible?

Teo: CoinPlace is distinguished by intuitive and user-friendly interface. You can buy any cryptoassets in several clicks, and the whole procedure takes no more than five minutes. Within 30 minutes, tokens or the cryptocurrency of your choice appear in your wallet.

Paxtradings: You plan on giving grants to various hackathons and other events. What role will CoinPlace have in the cryptocurrency community?

Teo: The mission of the CoinPlace platform is to make the cryptocurrency market more available and transparent for the users. Our service helps eliminate intermediaries in operations with cryptoassets and fiat money and makes the entrance to the market easier for inexperienced users. CoinPlace is an environment supporting ICO projects that make the lives of people in the crypto economy safer, simpler, and more transparent. The purpose of the grants we plan to provide is to help promising projects with ideas that meet our mission.

We intend to become leaders in the work with ICO project, and our platform is already the first to offer P2P token transactions. We would also like to make cryptocurrency operations available in the regions where they are now limited. One of the steps towards this goal is the implementation of our CoinPhone project.

Paxtradings: Your platform partially relies upon the use of an app. What advantages does an app have for investors, specifically?

Teo: The CoinPlace app is currently being developed and will be available for downloading in July 2018. More and more people are using smartphones today, and we are going to follow this trend to make the app more accessible to the wide audience.

CoinPlace will be presented in CoinPhone smartphones. It is a joint project of CoinPlace and Just5, an international brand of affordable phones. CoinPhone will be the first protected smartphone with an integrated cold wallet.

CoinPhone will set a new security standard for safe storage of cryptocurrencies and funds on the mobile device. To cover the whole market, three version of the device will be launched: a budget one for 99 EUR and two more advanced ones with IP68 protection (199 and 499 EUR).

Paxtradings: One of the main aspects of your platform is to make ICO investment more financially accessibility. How can CoinPlace’s accessibility help innovation?

Teo: According to a study conducted by the University of Cambridge, the number of cryptocurrency wallets has grown by around 450% in the recent four years (see the full text of the study here). However, cryptocurrencies are still mainly used by geeks that always take laptops with them, store cryptocurrencies in cold wallets, and use complex instruments for payments and transactions. Our task is to make the area of ICO and cryptocurrency payments convenient and accessible to everyone.

The first step towards this goal is to provide the possibility of purchasing ICO tokens for fiat money in over 170 countries of the world and to make this procedure last for no more than five minutes.

Paxtradings: You state that one of your goals is to revolutionize the digital assets trade market. How do you plan on doing this?

Teo: We plan to revolutionize the ICO tokens market by making this sphere more open. By now we’ve already received applications from over 15 projects that would like to place their tokens on CoinPlace.

We will develop a system for mobile payments in cryptocurrencies using the NFC model: the technology will be tested on CoinPhone to be launched at the end of 2018, and later on we’ll promote it by offering to other cell phone manufacturers. After the launch of CoinPhone, CoinPlace cold wallets and mobile apps will be installed on at least 10 million devices allowing 10 million users to easily enter the cryptocurrency market and to become fully functional users of the new economy.

We will develop a cryptocurrencies payments environment for the owners of small businesses to immediately accept payments in cryptocurrencies via the platform.

Hopefully, by that time commodity ICO tokens for small businesses will also enter into circulation, and we plan to integrate a system for working with them into CoinPlace.

Paxtradings: How far along is the project today and when can contributors expect to use the platform? What does the roadmap look like for 2018?

Teo: Right now the platform is already working: using CoinPlace, one can trade ether and bitcoin, as well as our own tokens — CPL.

We’ve developed a Prime Membership Club program for the users that would like to get maximum advantages by investing into ICO tokens. We’ve also created the first channel with discounts from various ICOs. In the future, we plan to place 30 to 70 projects a month on the platform and to offer beneficial token purchase terms.

Each holder of CPL tokens receives an invitation to an exclusive group dedicated to investments into ICOs. The owners of CPL tokens will get discounts on the tokens of other projects, including those unavailable on the market. This is just one of the advantages of Prime Membership Club. Right now the participation in the program is available only to subscribers, but in the future to receive discounts one will have to hold some CPL tokens on one’s account. This will secure long-term returns for CPL holders.

In 2018, the platform will experience three main events:

Placement of third-party project tokens on CoinPlace;

Launch of the app and its implementation on the innovative devices under the CoinPhone brand;

Availability of over 100 types of cryptoassets on the platform.

Paxtradings: As a non-CoinPlace question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?

Teo: We believe that in the future, the ICO market will develop certain self-regulation systems to automate the process and at the same time to protect the interests of the investors. This will be the expression of the key notion of blockchain. The absence of any audit, just like working with intermediaries charging enormous fees for audit services, as we do today, is wrong.

That is why the market will change, and lots of weak ICO projects will simply disappear.

This is true for the majority of cryptocurrencies as well. Today’s leaders (BTC, ETH) may lose their popularity in the future, surpassed by companies with higher growth rates — such as CPL token, for example. If a popular cryptocurrency shows long-term low growth, people will prefer something different, pushing it to the second or third place, just like Ethereum Classic today.

Pre-ICO Information

The Pre-ICO began on December 5, 2017 and ended on January 31.There are a total of 3,500,000 CoinPlace tokens (CPL) available during the Pre-ICO, representing 10% of the total CPL supply. The hard cap set for this period was 3,000 ETH.

ICO Information

The main ICO will begin on March 20, 2018 and will end on May 20, 2018 There are a total of 29,750,000 tokens with a total supply of 35,000,000 tokens during the main ICO, representing 85% of the total CPL supply. A hard cap of 20,0000 ETH is set for this period.

0.001 ETH = 1 CPL

Current accepted currencies for CoinPlace (CPL) include: BTC and ETH

CoinPlace (CPL) is an ERC20 token, so it’s important that contributors use ERC20 compatible wallets to send funds to the ICO smart contract, and to receive the CPL tokens.

Token Distribution Information

There are a total 35,000,000 (CPL) tokens being created, with 29,750,000 available during main ICO.

Contributors will have their tokens distributed immediately after the end of the ICO. Visit the CoinPlace website for more information and the contribution address.




Related Posts

Leave a Reply

Do NOT follow this link or you will be banned from the site!