Carboneum is a blockchain based decentralized social trading and networking platform that allows its users to copy trades of other professional traders and share their trading ideas and strategies with other people on the network.
|Description||Carboneum is a blockchain based decentralized social trading and networking platform that allows its users to copy trades of other professional traders and share their trading ideas and strategies with other people on the network.|
|White Paper URL||https://carboneum.io/documents/Carboneum_Whitepaper.pdf|
|ICO Launch||2018/06/11 05:00|
|ICO Closing||2018/07/11 05:00|
|Token Platform||ETH (ERC20)|
|Coins Offered||60% of the total token supply|
What Is Carboneum?
Carboneum is a blockchain based decentralized social trading and networking platform that allows its users to copy trades of other professional traders and share their trading ideas and strategies with other people on the network. The platform performs the exchange functions by itself to provide its users the required level of analytics and trading functions. Carboneum is named after a mixture of two words “carbon” and “ethereum”. The word carboneum implies that the platform acts as a carbon copy that enables its users to copy trades of others, learn their successful trading strategies, and uses smart contracts based on ethereum.
Carboneum is a decentralized social trading marketplace that enables its users to copy trades of others and interact with them on a secured blockchain based platform. The platform intends to build an open source infrastructure for knowledge sharing concerning investment followed by an incentive model that will revolutionize the world of social trading. The platform strives hard to democratize the social trading experience through an open source distributed protocol named as CoinRadars.
Being an open protocol built on off-chain technology, the platform will be extremely compatible with other applications in the ecosystem including but not limited to StockRadars, and CoinMax. CoinRadars help inexperienced users to follow other professional traders and copy their trades. Users have the option to copy trades of other professional traders either manually or automatically.
How Does Carboneum Work?
As mentioned above, Carboneum is a blockchain based decentralized social trading platform that enables its users to copy trades of other professional traders, we now would like to let you know how it works. The idea of the platform for generating revenue is more than easy to understand. The platform charges a fractional amount of fee from users copying other professional trades on their successful trades. Users who wish to avail the services offered by the platform need to get registered with the platform. After successfully sign up, clients can log in their account and select their favorite trader following their risk preferences and expected or desired returns.
Once the leader and follower relationship is established between the client and trader whose trades are being copied, the authority for the execution of trades automatically is passed to the platform through ERC20 smart contracts. When a client trade yields a positive result, a fractional percentage of a fee determined by the system is charged from him/her. A major portion of the fee is then transferred to the leader “professional trader” who was being copied as a markup or reward for his/her services and the rest is kept by the platform as its revenue.
Earn Carboneum Tokens
People who wish to earn Carboneum tokens need to get themselves whitelisted. Registration can be done online by accessing the official website of the ICO. The pre-sale phase of the ICO is currently in progress, people can participate to the pre-sale phase of the ICO to earn Carboneum tokens. Please noted that the ICO has KYC parameters in place, anyone who wishes to earn Carboneum tokens needs to pass KYC first.
Buy Carboneum Tokens Using E-Wallets
Since the platform is based on ethereum, therefore, people who plan to buy Carboneum tokens need to send ethereum to the platform using their e-wallets. Before, people can buy Carboneum tokens people need to verify their details by uploading their id card with a selfie. After details of users have been verified, and KYC test is passed, users will be allowed to buy Carboneum tokens. The ICO also plans to get listed on various exchanges of the world. Investors can also buy Carboneum tokens from all such exchanges in an exchange for other cryptocurrencies.
The ICO Distribution
The ICO plans to launch its token sale on June 11, 2018. It is expected that the ICO will last for about a month. It will end on July 11, 2018. However, the ICO may close a bit earlier if the target funding is achieved. There will be a total token supply of 200,000,000 tokens. The ICO will observe a hard capping of 12,000,000 tokens. No information concerning soft capping or target fundraising has been disclosed by the ICO. The starting price of the ICO token is also not known yet.
The ICO plans to distribute its tokens under the following proportion;
- 60% tokens are planned to be distributed to the public during Pre-Sale and crowd sale of the ICO
- 20% tokens are planned to be distributed to the Company
- 12% tokens are planned to be distributed to the Team & Partner
- 05% tokens are planned to be distributed to the Advisors to the Company
- 3% tokens are planned to be distributed as to offer rewards and bounty programs by the ICO
The ICO plans to allocate its funds under the following proportion
- 50% funds are planned to be allocated to the Platform and Protocol Development
- 25% funds are planned to be allocated to the Marketing and Business Development of the Platform
- 10% funds are planned to be allocated to the Operating Expenses incurred by the ICO
- 10% funds are planned to be allocated to the Research & Consultancy Fee incurred by the ICO
- 5% funds are planned to be allocated to the Compliance department of the ICO
The ICO also plans to offer a bonus to contributors participating in the pre-sale phase of the ICO. The ICO will be offering up to 8% bonus to all such participants. However, no bonus shall be offered during the public sale by the ICO.
The ICO has following team members;
- Max Kortrakul is the Founder & CEO of the Company
- Pavalin Masagee is the Head of Business Development at Caboneum
- Akadej Udomchaiporn is the Head of Research at Caboneum
- Artiya Thinkumpang is the Core Developer at Caboneum
- Ian Borders is the Carboneum Maker at Caboneum
Invest In Carboneum
After a detailed review of the ICO, we hereby conclude the Carboneum is one of the best ICOs we have reviewed so far. The objective of the ICO is quite appealing and sound workable. Nothing on the official website of the platform came to our observation that could have made us conclude our opinion against the ICO, we, therefore, express our extreme confidence on the ICO and anticipates it to be a successful venture. We suggest people invest in the ICO open heartedly.