Coinve.st



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COINVEST ● https://coinve.st







MemberActivity: 700Merit: 14COINVEST ● https://coinve.st

Re: 📌 [ANN] 📢 [ICO] 💰 COINVEST 📈 DECENTRALIZED STOCK MARKET FOR CRYPTOCURRENCIES 📊 November 14, 2017, 07:26:05 PM #21 Quote from: Allangreen on November 14, 2017, 07:14:22 PM This is a nice project being first of its kind will do very in the market.

But my concern is what will be your transaction charges when open for business and what will it be in future.

This will determine your stay in the market.

Moreso, what unique security are you planning to put in place that will make the traders comfortable with you?

Thanks





Thanks for the feedback here Allan!



Our fee schedule is $4.99 upon any trade order within an investment portfolio. This is significantly lower and more predictable than the fees incurred with competing exchanges. For example, popular exchanges charge anywhere from .25 - 3% on all transactions regardless of amount or volume. As a result, a $5,000 order and 1% fee can result in an expense of $50. Since eveything is autonomous and controlled by smart contracts, we have considerably less overhead than our competition and can offer significantly less fees to support the platform. Company profits enable us to purchase additional COIN in order to help provide price stability in the market as well.



As for security, our source code will be open-sourced and available for the community to validate and review. We are using the support of the community (with bug bounties) and will engage two professional security firms to audit our code to ensure the security of the platform. From a technical perspective, we've partnered with Civic for authentication and will also offer 2FA as an option. We'll also employ SSL across all public facing channels, etc. We use AWS but also deploy firewalls to protect databases, etc. There a more technical things we are doing, but these are just a few examples.



Thanks for the feedback here Allan!Our fee schedule is $4.99 upon any trade order within an investment portfolio. This is significantly lower and more predictable than the fees incurred with competing exchanges. For example, popular exchanges charge anywhere from .25 - 3% on all transactions regardless of amount or volume. As a result, a $5,000 order and 1% fee can result in an expense of $50. Since eveything is autonomous and controlled by smart contracts, we have considerably less overhead than our competition and can offer significantly less fees to support the platform. Company profits enable us to purchase additional COIN in order to help provide price stability in the market as well.As for security, our source code will be open-sourced and available for the community to validate and review. We are using the support of the community (with bug bounties) and will engage two professional security firms to audit our code to ensure the security of the platform. From a technical perspective, we've partnered with Civic for authentication and will also offer 2FA as an option. We'll also employ SSL across all public facing channels, etc. We use AWS but also deploy firewalls to protect databases, etc. There a more technical things we are doing, but these are just a few examples.