Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: bryancarrol on February 27, 2019, 07:24:37 PM
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TWINS Coin
The crypto market is fairly new and some news will probably consolidate in this world where technology acts for the greater security of its assets and data.
For this reason, the brokerage houses as we know them today, are counting on their days and are converting to a decentralized model of operations. Binance, the world's largest volume brokerage, has already announced its version. The Binance Chain.
We will introduce a truly decentralized exchange platform and proof-of-stake blockchain network with cross-chain atomic-swaps capabilities to facilitate the direct transacting of value between network users.
What is the problem with centralized exchanges?
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A major criticism of traditional brokers is the famous phrase "Exchange is not wallet". What it really means is that it is not safe to leave your digital assets in the exchange offices when the goal is not to negotiate them.
When you send crypto-coins to these exchanges you lose total control of your equity and custody belongs entirely to these companies, and from that moment you need to trust that they will return them when requested.
Because they manage the currencies of countless people, the brokerages have huge portfolios in which they group the assets of all their clients, these portfolios are extremely targeted by hackers.
And just like their balances, centralized exchanges are required to keep their user data accountable to governments for AML (Anti Money Laundry) good practice measures. These data are valuable because they can expose sensitive information to hackers around the world and inform them of crypto-coin holdings making their users targets of all kinds of attacks like phishing and even kidnapping.
But how do the decentralized exchanges (DEX) work? And why are they better?
Decentralized Exchanges are mechanisms for exchanging currencies between users without the need for an intermediary, which fits perfectly with the philosophy and mission proposed by Satoshi Nakamoto.
In these platforms, users keep custody of their active crypto within their own portfolios and interact in the order book through smart contracts, where they publish negotiation orders. Then the exchanges happen directly between the interested parties without going through the portfolio of the central agent, being a much safer way.
The initial phase of the Win.win project will introduce the TWINS cryptocurrency, as the first step in building an extensive decentralised network of masternodes together with the global community.
The win.win platform is the first project to be backed by New Capital, an incubator that supports and advances transformative infrastructure projects, and the NEM foundation, developer of high performance blockchain technology.
Seed nodes are hosted and controlled by the win.win foundation team. Wallet apps and public master node setup guides will be published during the weeks of the TWINS mainnet soft-launch period.
80% of the block rewards are distributed to TWINS Masternodes, 10% of the block rewards are distributed to TWINS Stakers, and 10% of the block rewards are distributed to the TWINS Developer Fund and will be burned during the first 3 months.
100% of TWINS mined from the seed nodes are distributed as community bounties and used as a liquidity pool.
STAGE 2
TWINS Network Growth
Community participation is the critical requirement of the network growth in terms of the number of active masternodes and the accelerating transaction activity of TWINS coin on the network and crypto-exchanges.
100% of foundation reward TWINS are distributed as community bounties for network growth incentivisation, community invites and management, business development and marketing and PR.
STAGE 3
TWINS Network Maturity
A critical mass of decentralized masternodes and the acceptance of the TWINS cryptocurrency gives rise to the development and deployment of the win.win decentralized exchange platform and updated wallet apps to support direct peer-to-peer cross-chain transactions.
100% of foundation reward TWINS are used as community bounties for decentralized exchange platform development and network sustainability, community management, business development, marketing, on-boarding incentivisation and project advancements.
Centralized exchanges are the best known in the cryptocurrency market. But there are also the decentralized exchanges, known as DEX, that what TWINS will build.
Website: win.win
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Okay, some time have passed, can you please show us how it performs ? I do want to see it's ability to make something else out of this. Can we really check it out ? How much coin is worth now, where it's promoting itself and so on and on really.