DECOIN is an open source peer to peer digital ecosystem based on blockchain technology with its own propriety digital currency which is powered by D-TEP, a trading platform that redistributes revenue gained from the fee charged on the platform back to its holders.
PROS:
- Secure: D-TEP protects all the sensitive data stored on the platform and through a multi-layered real-time authentication enables the protection of trades and withdrawals from the exchange which is a boost to the security to the users
- Scalable: The platform can handle a large volume of trading as D-TEP is capable to execute up to one million transactions per second making the platform transactions faster and reliable
- Transparency: The platform transactions are not tied to any personal information enabling other users to transparently see the activities associated with a particular wallet address
- Credit card use: The platform enables connection of credit card to the user’s exchange and trading platform making the exchanges to be easily executed
- Trading tools: D-TEP enables users to easily access financial tools such as Contract for Difference(CFDs) allowing traders to take advantage of the market situations when the prices are moving upwards or moving downwards on the underlying financial instruments
- Strong team: The platform has a top-notch team with each management team having many years of experience in marketing and selling financial instruments
CONS:
- The platform white paper doesn’t give a highlight of the amount raised by the DECOINS at the pre-sale stage
- The whitepaper is not fully elaborate as it is smaller in size and lacks adequate advice to the users
- The use of DECOIN doesn’t guarantee the holders other rights to use it outside the platform
SUGGESTIONS:
- The platform whitepaper should be made more detailed with more advice through a disclaimer on the project use
- The platform DECOIN should be made exchangeable with other cryptocurrencies and fiat to enable easy payments
NOTE:
The platform enables easy exchange and payments in a more secure manner through D-TEP. I would therefore highly invest in this project.
