COOPEX - Understanding Hybrid Decentralized Exchanges

COOPEX - is the first cooperative exchange in the world. What does that mean? Basically it means that COOPEX gives back 75% of the negotiation fees earned to the fans of the project. COOPEX intends to solve some cases in the current state of exchange in an improper cryptocurrency space, and is actually detrimental to the industry's worst expansion. At this moment they are executing an ICO for their exchange.

Problem in Coopex

• Exchange Listings
  As mentioned above, exchanges often charge very high listing fees and may take several months to list, making it difficult for new projects to be listed on any exchange at all.
• Trading Fees
  Naturally, many exchanges charge fees other than listing fees. While withdrawal fees may be necessary to pay for transactions, deposit fees are not.
• Customer Support
  many exchanges struggle with customer support. There are simply too many users trading on large exchanges at once for exchanges to keep up with demand.
• Transparency
  There is a considerable lack of transparency in the cryptocurrency space regarding how exchanges operate. To outsiders, it seems as if most decisions are done in the shadows, with both exchange users and employees left in the dark.

How it works?

At the moment COOPEX is planning to use 75% of the trading fees they accumulated to buy back COOPEX Tokens from the users and burn them. This will happen every month, so the supply of the COOPEX Token will be reduced, which will increase the price of the token.

Another idea would be airdropping 75% of the trading fees of the different trading pairs to the token holders. Meaning that you will get different currencies, depending on the trading pairs that are listed on the exchange. Some users suggested this and it might become reality. Here is a quote on that topic by Jonathan, the CEO of COOPEX:

“Sure, we’ll have a community vote on that when we open. We are already working on a token listing system that gives your vote weight based on how many tokens you hold on the exchange, so we can put that in there as well.”

This shows that the community will have a saying in the way the exchange will be run in the future, so it is actually a “cooperative” exchange.

Benefits of COOPEX

• 75% of trading fees are shared with token holders
• Zero exchange listing fees for ERC tokens
• 50% of ICO funds go towards marketing
• Easy-to-use trading interface

COOP Token
The Cooperative Exchange Token (COOP) is the COOPEX ​platform token. Every month, 75% of COOPEX ​trading fees will be collected and used to buy back the COOP token and burn it. The token will be bought on the actual COOPEX ​market at market price. This token buyback program will increase the price and decrease the supply, incentivizing exchange users to buy and hold the token.

ICO Details:

The pre-ICO began on June 28 and lasted until July 1.
The ICO began on July 3. The ICO will last for one month or until 9,000,000 tokens are sold, whichever comes first. The price during the ICO will be approximately $0.10/COOP, and the prices in BTC/BCH/ETH may be adjusted to meet that price. Current prices are as follows:

• 1 COOP = 0.0000144 BTC
• 1 COOP = 0.00012 BCH
• 1 COOP = 0.0002 ETH (currently disabled)
  Any tokens unsold by the end of the ICO will be burnt.

Roadmap

Team

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For More Information Please Visit Here :

Website : https://coopex.market/
Whitepaper : https://coopex.market/Coopex_Whitepaper.pdf
Telegram : https://t.me/coopexmarket
Bitcointalk Thread : https://bitcointalk.org/index.php?topic=4592560.0
Facebook : https://www.facebook.com/coopexmarket/
Twitter : https://twitter.com/coopexmarket/

Profile: https://bitcointalk.org/index.phpaction=profile;u=1199439;sa=summary

Eth Address: 0x20A89b32E2d643395D8Bc33Db1558750424Cd2c3