CoinChum is a Peer to Peer Marketplace with a Wide Range of Cryptocurrency

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Today’s payment transaction tools have undergone many developments. By buying products over the internet, you can buy them without having to use paper currency. Cryptocurrency is one of the digital currency assets as a solution to the needs of today’s online financial transactions.

A centralized exchange is an exchange platform where decisions, governance and regulations are carried out by a consolidated authority while a decentralized exchange is an exchange platform where the platform users dominate the governance of the platform; it enables direct P2P of crypto asset transactions with third party intervention.

However, there are many exchange platforms with many features to offer to traders and crypto holders but recently the exchanges have presented the traders and crypto holders with some key challenges which include; high transaction fees, low security level, slow transaction processing. These challenges have caused many setbacks in terms of exchange. People need a decentralized exchange that will make trading, exchange and other financial operations easy, efficient, fast, and an exchange platform where minimal fees are charged on the transactions made. In this article, I will be talking about the exchange platform will have many different qualities and features of the exchange to offer to users.

WHAT IS COINCHUM?

COINCHUM is a digital marketplace for traders and investors built on the binance smart chain and enables peer to peer transactions with a range of crypto assets which include: XRP, Chum tokens, BTC, ETH and many more coins. On the COINCHUM platform, users will experience fast, effective and efficient transactions.

Coinchum has plans to implement and introduce web pages in its platform interface that will help platform users to gain knowledge on how to trade cryptocurrencies with the tools and strategies available on the platform. With features like this, users will find it difficult to make profitable trades. The platform will also work in favor of Investors by ensuring that they receive all their interests in a timely manner and also ensuring that there is transparency and effectiveness in an easy-to-use interface.

COINCHUM FEATURES

LOW TRADING COSTS:

the platform will charge very low fees on all trades on the platform, encouraging users to make more trades.

REASONABLE WITHDRAWAL FEE: Platform users will be charged minimal fees for all withdrawals made and at the same time withdrawals are processed quickly.

LIST OF NEW CRYPTO CURRENCY:

The platform will always welcome listings on new amazing projects with great features that give traders on the platform an avenue to invest. All listings made on the platform will also require low transaction fees.

CRYPTOCURRENCY FINANCING:

This will enable the locking of coins/assets of traders and platform users and also give them room to get more coins to lock up assets.

WALLET SECURITY:

One major issue with most Exchange platforms is security. Many of them lost sight there due to cyber attacks which caused users to lose assets there. But to address and prohibit problems like this, the Coinchum platform wallet security is protected through MPC which allows the maximum level of security against all forms of cyber attacks and human error. With MPC adopted, Coinchum will Ensure user assets are safe and well protected.
The purpose of Coinchum

Coinchum aims to expand horizontally into new market segments in the future, thereby moving beyond its initial function as an innovative trading platform for cryptocurrencies. Coinchum is committed to working closely with investors to ensure that their interests are embedded in every stage of the business process.

Why Choose Coinchum?

Choices limited to coin selection — The voting system is open to allow users to suggest or even decide which coins to list. Users can suggest new PAYMENT METHODS, and those suggestions will be prioritized.

Customer service — Coinchum will have easy-to-use ticketing system, Fast reply from online chat, Fast resolution for login/account issues, Fast withdrawal processing, Telegram group to resolve customer inquiries on time.

Wallet security- In Crypto Coinchum assets backed by insurance, they also introduced various security mechanisms such as Anti-phishing verification, Advanced verification software, Withdrawal protection, White IP to protect customer funds.

Crypto analysis tool- An information terminal where traders will find whale account holder positions, global indices, trading volume rankings and so on. The powerful terminal lists important events and upcoming calendars/seasonal events that affect cryptocurrency prices. Detailed price analysis for each crypto.

Cryptocurrency Academy — Explains AZ about the most popular cryptocurrencies. Educational resources include videos, tutorials, trading strategies, and industry research. Users can post videos or articles on Coinchum’s educational channels, and other users can view or pay for content with CHUM tokens.

Inflexible fee structures — At Coinchum, Fee structures are affordable and easy to use. Users can reduce more costs with Chum Tokens. Tiered users have different badges and privileges

User Voice — Collect user opinions and suggestions on UX/UI customization and other user-oriented functions.

What are CHUM Tokens?

CHUM is built on the BEP-20 protocol which is the token standard on the Binance Smart Chain that extends ERC-20, the most common Ethereum token standard. CHUM works as the native token of the Coinchum ecosystem.
Tokonomics

Token Name: CHUM BEP20
Total Supply: 200,000,000
Private sale: 85,000,000
Public sales: 95,000,000
Soft Cap — 5,000,000 USD
Hard Limit — 20,000,000 USD

Use of tokens

Payment of fees — Trading fees can be paid with CHUM, with discounts of up to 50% off normal trading and withdrawal rates.

Security deposit for buyers and sellers on the platform — Coinchum will set different levels of risk for payment methods. High-risk payment methods will require CHUM as a security deposit to significantly reduce and screen out fraudulent activity.

Voting rights for coin listings or other priority activities — CHUM holders will have voting facilities on the platform to suggest which coins to register.
The right to get access to premium services from various

education — Using the CHUM token, users can access various paid content on the platform for education.

Token sale

The mass sale of CHUM tokens is divided into two parts: private sale and mass sale.

The private sale will start on August 1, 2021 and will end on September 1, 2021. Each CHUM will be priced at $0.30 USD.

The mass sale will start on October 1, 2021 and will end on December 1, 2021. Each CHUM will be priced at $0.36 USD

Roadmap

Conclusion
Coinchum aims to expand horizontally into new market segments in the future, thereby moving beyond its initial function as an innovative trading platform for cryptocurrencies that will be secure and scalable.