What is Cindx?
The CINDX project is a revolutionary trading platform designed for a broad range of crypto market participants seeking to profit on the market by offering their expertise and knowledge for monetization.
The purpose of the CINDX platform is to bring together managers, investors and vendors so that they can benefit from one another. By using our platform, investors can find the best managers with transparent ratings from around the world and build trust with one another, as all the transactions are recorded on the blockchain.
What problems does it solve?
Currently, few investors have the knowledge to consistently and successfully profit in the market compared to the number of those with experience in the more familiar but much less rewarding traditional markets. There is now a fitting solution for investors who would rather not manage their savings on their own: CINDX. CINDX allows absolutely anyone to invest in the crypto market, and see returns without possessing any specialized knowledge or skills.
CINDX provides a platform that allows any investor to choose a manager for his or her portfolio and securely trade cryptocurrencies for a reasonable success fee.
What kind of users does the platform target?
Various components of the platform are made for Investors, Managers and Vendors (software providers and analysts), and facilitate the interactions between them efficiently and transparently.
What is the company’s value proposition for its target audiences?
Investors increase their crypto earnings by leveraging the management skills of top traders. Traders earn commissions (success fees) from the investors that follow them based on their performance and trading strategy. Developers can create and sell advanced trading tools and widgets on the platform’s built-in marketplace.
CINDX shifts the paradigm of the current Manager-Investor relationship towards depersonalized, fair-play solutions.
How can investors verify their Manager’s track record?
Every trade executed within the CINDX ecosystem is recorded on the blockchain, allowing CINDX users to easily access verifiable trading success history. This information feeds a unique ranking system which allows CINDX users to browse through a list of world-class Managers and view their performance, statistics and other pertinent information. The platform selects the best trading strategies applied by traders using its own rating system and adds them to the marketplace. The Investors choose the strategies that are optimal for them via their personal exchange accounts without any transfers of funds.
Token economy & Initial Exchange Offering
What is the total supply of CINXO Tokens?
CINXO is a limited supply ERC20 token. The total number of tokens issued is 26,265,000, no additional releases of CINXO Tokens are possible.
What is the schedule of the IEO campaign?
The IEO will be held in several stages on different exchanges during June-July of 2019.
- 931,818 CINXO will be sold at the Pre-IEO
- 3,880,800 CINXO will be sold at the Main Sale of the IEO
The first exchange selected for pre-IEO is Bitforex with 2 rounds taking place in June:
1st round June 25, 2019 at 20:00 to 21:00 (GMT+8)
2nd round June 26, 2019, 20:00 to June 27, 2019, 20:00 (GMT+8)
After the completion of all the IEO rounds, the token will start trading at the same time on all exchanges, the exact date will be announced in advance.
What is the token distribution schedule?
- 16.55% Security Token Offering
- 18.32% Initial Exchange Offering
- 19.95% Institutional Investors
- 25.51% Reserve
- 17% Team and Advisors
- 2.67% Bounty, Airdrop, Marketing
A more detailed explanation of token supply movement has been posted in our blog.
Is CINXO a utility or a security token?
The CINXO Token is an option token. After distribution, it will have utility properties. But in the future, tentatively around Q3 of 2020, the owners of CINXO Tokens will be able to exchange them for CINX security tokens, namely electronic securities of the CINDX Investkapital AS joint stock company in accordance with European Union securities laws. The company is registered in Estonia and has already received the majority of the necessary licenses needed for operations. After exchanging CINXO Tokens for CINX security tokens, CINDX Investkapital AS will distribute 30% of its net income among token holders every three months (quarterly), thus making it possible for token holders to receive passive income.
What kind of utility will the circulating CINXO Tokens provide?
Prior to switching to CINX Tokens, the use of the CINXO Token will provide a 50% discount on commissions on the CINDX platform. Additional information is available here.
Is there a way to receive the tokens without participating in the IEO?
- At the moment, a generous bounty campaign has been launched. The bounty will last until July 07, 2019). More than $30,000 have been allocated to the Telegram campaign alone. Details at: https://bitcointalk.org/index.php?topic=5151595.0.
- The team has launched two contests: a video contest for a 2-minute long review of the project on YouTube and a meme contest. Each contest will have 30 winners with a prize fund of up to $5,000. Participate in the contests and win cash prizes!
https://medium.com/cindx/cindx-is-launching-a-meme-contest-with-a-prize-fund-of-5-000-88daf7c496ec
About the Cindx platform
What are the platform’s key features?
- Full transparency of the trader’s rating made up of a large number of different parameters taking into account the profitability and risk of a trading strategy. The ratings are based on historical trading data.
- All the funds of the Investors are stored on their personal accounts on the exchange, and they are not transferred either to the trader or to the platform, thus guaranteeing security and preventing fraud.
- The Investor pays only from actual profits. There are no additional payments.
- The trader receives an advanced Investor portfolio management interface, which includes a system for managing multiple portfolios on different exchanges simultaneously.
- Commissions for success with profits are stored in the form of deposits on the platform, which guarantees the trader remuneration in case of success, while the Investor is paid only upon proven profits.
- The platform will be able to use trading robots, and the creators of these robots will be able to offer them on the marketplace, thus making earnings.
What are the main components of the platform?
CINDX.core is the technical core of the platform, which consists of replication services, activity tracking algorithms, a KYC / AML module, and an API gateway for connecting to exchanges, and blockchain architecture services.
The CINDX.trade component solves the problem of carrying out cryptocurrency trade operations on various exchanges.
CINDX.trade includes the following modules:
- Trading terminal (Trading Terminal)
- Remote control panel (AS dashboard)
- Internal marketplace (Internal market)
CINDX.talk is a social network for traders, managers and investors, where they can interact, share ideas or content, and communicate in real time.
CINDX.Hub is the component of the system acting as a tool for developing algorithmic solutions that can be used by platform participants.
How does CINDX work from a technical standpoint?
When CINDX users choose a Manager, the APIs and smart contracts kick in. CINDX uses APIs as a ‘portal’, allowing the Investor’s account to be managed by the account belonging to the Manager of their choosing. Additionally, the smart contract automatically registers every trade made by the Manager. It then copies and executes the very same deals on the Investor’s account.
The Manager sees the exact volume of entry into the trading order with the funds of Investors copying the transaction. CINDX algorithms monitor liquidity on the selected trading pair and warn the Manager about the low volume of Depth of Market.
In some instances, the system may block the order of the Manager or offer to reduce its volume to avoid slippage and pump and dump strategies. Although many projects are proposing to provide a similar service in the future, the method CINDX applies has some features that makes it stand out.
CINDX is extremely valuable for Managers, who can now attract more Investors than is feasible outside of the ecosystem. The key to CINDX’s success lies in this: CINDX will simplify the process so that each Manager only has to be concerned with trading, while each Investor only has to be involved in choosing their Manager. Everything else is automated and fully secure.
How does the platform help investors choose the right Manager?
The CINDX platform uses its own rating system, which allows us to evaluate not only the effectiveness of the Manager, but also to determine their specialization. The basis for calculating the rating is the trading history recorded on the blockchain, the validity of which can be checked by anyone.
The CINDX platform uses segmented and combined ratings to reflect the full and weighted position of the Manager in the system, taking into account such factors as the frequency of transactions, portfolio size, market type, and trading strategy employed.
What exchanges does CINDX support?
The platform has already been integrated with the Binance Exchange. Integration with Bitmex and Huobi will take place in Q3 of 2019. Integration with Poloniex, Bitmax, Bittrex, Gdax and Bitstamp will take place in Q4 of 2019.
Legal aspects
Where is CINDX registered?
AS Cindx Investkapital is a JSC (joint-stock company) incorporated in Estonia, with the head office in Tallinn 10416, Harjumaa, Erika 14.
Does CINDX have all the necessary licenses to operate legally?
We have acquired the right to render services for the exchange, turnover, transfer and storage of virtual currencies including, cryptocurrencies to our clients from around the world,both directly in representative offices of the company, and remotely using digital channels of information and by means of money and virtual currencies transfers. Cindx has FFA000254 (license to operate as a non-bank financial institution), FRK000284 (license to create wallet to carry out transactions for third parties on the cryptocurrency market), Estonian FSA license (making the company a participant of the securities market with the ability to issue securities), and Exemption D from the SEC, allowing to work with qualified investors from the United States of America. More information is available in our legal section.
How is my personal data treated?
The personal data is provided to the regulators of the Republic of Estonia as per legal requirements. Non-disclosure is guaranteed in accordance with the legislation of the European Union by the Personal Data Officer who operates within the company.
About CINDX
CINDX is an investment platform that allows individuals to combine several crypto exchange accounts into one trading terminal, and gives them the option to connect to the best managers without having to transfer their funds. Moreover, implementation of blockchain-based transactions will allow the trading history to be saved, and a rating system will be used to differentiate the successful managers from the less successful ones.
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