ThinkCoin — Day 1 @ Money2020

(written by Nauman Anees, Chief Executive Officer & Co-Founder)

Day 1 of Money 2020 was amazing, the entire ThinkCoin team from London and Australia merged into Singapore. Our booth was packed all day and we have had some very detailed questions about what we do and how we intend to actually achieve our roadmap. I was personally on hand to answer the technical and more finer points on order matching and settlement .

Here is a recap of some questions and my answers in order of the most popular , if anyone would like specific questions answered don’t hesitate to telegram me (@NaumanA) or join our channel https://t.me/thinkcointoken

1) What is Multi Asset Trading

We get this in almost every expo we have gone to , what we quickly realized is that as much as my team and staff know about multi asset trading others in the crypto space may not be as familiar with it.

Multi Asset Trading refers to trading multiple assets on 1 platform. For example with ThinkCoin users will be able to trade Stocks ( Equities ) , Currencies ( FX) , Commodoties , Futures , Gold /Silver, Cryptocurrencies and more using one single platform .

The current financial investor trades these type of financial products right now using a centralized broker , the main concept around ThinkCoin is to create one single utility token that will allow trading for any financial product such as Stocks using a single crypto currency and the blockchain . This market is much bigger to disrupt this space and move this business away from the larger stock brokers and centralized “fiat” based exchanges , hence the term “Multi Asset Trading”.

2) Why should I invest in your token and what makes you different

There are many reasons why ThinkCoin is different then just any other token sale , fundamentally we are a existing brokerage based in London and Australia almost 10 years old transforming itself into a blockchain based business . That alone allows us to propel into a unique category in the ICO market where others cannot compete with . I have listed a few important ones in numerical order

1. Users — We have a tremendous and established user base on mobile and non mobile . Here are some metrics to get you going

a) Funded and Trade Users — In 2017 we crossed nearly 40K active users that have atleast placed at a minimum of one trade with us in Calendar year 2017. Just to put this in perspective we have almost 40K + clients who old funds with us and growing everyday . Almost every “ICO” I have seen has no users and only a proof of concept beta at best . I will get into this more later on why this will has a impact of token pricing post ICO

b) Mobile Users — In 2017 we closed the year with nearly 87,019 Mobile Active users using our flagship app Trade Interceptor . The app is almost 8 years old and has built a extremely loyal following . We are going to move this userbase over the coming year into TradeConnect as we begin integrating the systems .

2. Technology — We have a dedicated development team of almost 30 people in our office in Sofia , Bulgaria who are extremely talented at what they do . In addition we have invested in various technology and systems that most other ICOs have no idea on or even where to start . For example in most roadmaps and ICOs we see that for every $1 invested into the token sale nearly 0.70c goes into operational use of general funds , and investment in development where the team has little to background in actually making any enterprise solution /production system.

For ThinkCoin we intend to spend about $0.45 of every $1 into actually acquiring new users simply due to the fact that we have already developed and have a significant headstart on the competition in what we are trying to achieve per our roadmap. Our goal here is not to build something that will never sell or take years to build but more importantly to create value for our clients and investors by acquiring new users

3. Management and Credentials —

During the entire roadshow and in Money 2020 I was asked in depth questions about my background , my teams background and company . Being in business 10 years we have sailed past the “startup” category . We are globally licensed , have a well established corporate structure in the parent company “ThinkMarkets” between Compliance , Treasury , Finance , Operations , Sales , HR , Marketing and Technology.

I am proud to say we have a team of almost 100 + people who work very hard everyday to achieve our goals. For the ThinkCoin team I carved out 30 people globally to focus majority of the time on the new project.

Usually after I explain to people that we are not a entry level startup ICO but a well established business and the above the tone /tempo of the conversations change dramatically better .

It is 4am here in Singapore and I am signing off , stay tuned tomorrow for many more updates from Money 2020 and the official release date for the MVP !

Feel free to PM on Telegram @NaumanA