Meet CadinEx: A new platform gunning for the next billion crypto users

Cryptocurrency is gaining traction all over the world, from appearing in stocks from top brokers, to being mentioned on national TVs to getting explored by billionaire investors and pioneers. But yet, the total users in the cryptoverse is still less than 100 million people worldwide. Why is it so? Well, we all know that for something to get into the wider society stream, it needs to be conducive to manage, operate, run acquired or accessed. Cryptocurrencies at this time, is a bit, though much more lesser than it was few years back, complicated to understand by a nocoiner (crypto newbie). Digital currencies are the future of money. They are much more secured and more resistant to governmental holocaust and very transparent in nature while still maintaining some level of anonymity. They are so much easy to use as an acceptable means of transacting because of the lightweight usage burden they carry. Lesser transaction fees is also an added advantage. But despite all this, Cryptocurrencies are still finding it hard to be accepted by the larger portion of the earth’s populace. This goes to prove the point that the current digital asset distribution model and its acquisition techniques are all way too complex and complicated for an average person. And this still remain the very reason why the incumbent crypto king — Bitcoin’s primary use case is to buy other coins.

To see the cryptocurrency head into the sunshine, all these needs to change. And for all these changes to come true and into effect, we need something that can cater for a way that will make people easily understand cryptos and see it as value, not just store of value. If it’s money, then it needs to be treated as one. There’s no way for someone holding a dollar in his/wallet wanting to spend that money, and then needs to first exchange that money into another money. No! It doesn’t have to be so. We believe crypto can do better than just getting used to fund illicit activities as we’ve seen these recent years, we also believe cryptos are the future of money. They are indeed money! They don’t need to be measured by other money. They don’t need to be exchanged into some other form of money before they can be spent. Why can’t we just provide a channel which will allow anyone to easily spend or access their crypto assets in a way they can spend their fiats?! All these needs to be answered.

That’s why we introduced CadinEx

With the aim of pushing cryptos into the hands of many. With the aim of making it easier for those without access to bank accounts to be able to justified their own monetary policy. With the aim of giving sound financial tools to the public and ordinary users. That’s why we bring forth the idea of CadinEx. CadinEx will make you want to have cryptocurrency again. We want to reshape the way we handle Cryptocurrencies. We want to expand the use-case sought by many into the lager stream.

But what is CadinEx all about?

CadinEx aims to revolutionize the way people access and use their cryptocurrencies by offering some very unique interconnected platforms; (CadinEx OTC exchange, CadinPay, Cadin Credit system and CadinInvest) which will work on a single implemented protocol to ensure users and crypto fans gets the best out of their digital assets without facing any barriers from centralized third parties or hardened regulators. Satoshi’s vision for crypto was to make transaction and monetary activities much more easier for everyone, not just some sets, and also, not just to be used as a means to obtain other digital assets which are yet a copy of original satoshi’s inventions. if satoshi’s dream was to see a world lifted from its financial hurdles by establishing a powerful tool to break boundaries, not legal monetary policies, then we at CadinEx dream of making it easier for people to acquire such tool and make use of it with no extra condition or puzzles.

So what are the platforms in the CadinEx ecosystem?

CadinEx OTC DeX

CadinEx P2P OTC Exchange deals only with Cryptocurrencies and leaves all banking related activities to the users so that the operation is not hindered by banksʼ temper. Even though platform like this are a latecomer to the party, it stands apart from other existing exchange platforms because of the simplicity it offers and user friendly features. This is why CadinEx was created to nullify the ability of banks to shut down or dictate terms to cryptocurrency traders, investors or the exchange as well.

CadinPay

CadinPay

is a revolutionary peer to peer digital payment processing platform that will foster cryptocurrency grassroots adoption among many millennials. Since the world is advancing towards digital Cash remittances, CadinPay will provide a secure, reliable and low cost P2P money transfer system leveraging the blockchain technology.

With CadinPay, it will be possible to purchase a loaf of bread from a local vendor or merchant using cryptocurrencies, obtain loans or credits with no paper works or credit check (CadinCredit), and even more interesting, invest In varieties of digital assets all without hassles of monitoring and complex management (CadinInvest, see our Lite paper to read more)

CadinPay will provide the flexibility and liquidity to convert crypto to fiat at the push of a button! We want to create an ecosystem where users just need to focus on getting the best out of their digital assets by making purchases whenever and wherever, earn profits from their investments, or get secured crypto-backed loans, all within one platform.

Why CadinEx will succeed in its mission.

Everyday by day, we keep seeing new cryptocurrency exchanges getting established, future tradings getting introduced. But is that what Cryptocurrencies really need at the moment? As of today, the cryptosphere is being over-saturated by too many exchanges which on one part, are some new type of troubles for the average users. Yes, the market is filled with so many exchanges and this alone have its own negative impacts on Cryptocurrencies.

Also, it’s worth to note that, the more centralized exchanges continue to rise in numbers, the more damages and breaches we will continue to witness in the cryptoverse, damages such as funds misappropriation, exit scams, central authorities threat and so on. We can also see to the glaring facts that there have been a lot of these centralized exchanges which have fold up due to several factors such as;

1. funds mismanagement — Sometimes, despite the decentralization nature of cryptocurrencies, the full fledge system still requires trust to begin with. The need to drop a certain type of crypto to acquire another (swapping/exchanging) will require users to trust their assets to exchange operators who may be uprightly good or bad in their morales. But CadinEx cabbages that. We as the platform developer has deliberately consider the risk factor of taking into management, users funds. It’s agaisnt decentralization. We will go on the contrary instead. Allowing users to be their own manager. They decide what they hold, how they hold it and when to dispose. CadinEx main responsibility is just to safeguard the network agaisnt attacks and to always make the platform available in greener conditions at all time.
2. 2. Total centralization — Many cryptocurrency exchanges today are mostly using self custody wallets to Barbour costumers and users funds. This alone will attract a lot of red-eyes people (hackers) in targeting these exchanges and waiting for the right time to exploit them and do away with all user’s funds. To counter this, Cadinex will never keep a users funds. All funds will be stored on users own wallet which they have absolute control of. No — multisigs! No self-custody!
3. Privately governed — Most exchange in the crypto sphere are either runned by a pair of individuals, persons, organisation or venture groups, which makes such platform subjugated to unseen and yet to assert though policy of governments or even the groups running it. But with CadinEx, everything will be decentralized at some part which is the most vital to users and centralized in some parts which is most important to the ecosystem standardization and maintenance. We will be introducing a Users-as-Stakeholders (UAS) governance system which will prove most secured, effective and transparent in the daily operation of the whole CadinEx ecosystem.

For these reasons, CadinEx will be designed to be an hybrid governance platform which will be centralized on some sub platforms and decentralized on others within our ecosystem.

We will also publish more insight on how we will make more and more people see the true vision of Satoshi — the bitcoin and blockchain inventor.