Carboneum is to use the ICON blockchain to build a democratised social trading platform called CoinRadars which will allow users to mirror crypto-trades made by a designated expert.
Whenever the leader makes a trade, the user will automatically do so as well. Should a user not profit by a trade via the platform, they won’t be charged. Payment is only required in the event of a profitable trade.
ICON is a decentralised network that is looking to bring blockchain communities together and hyper connect the world. The core engine that powers the ICON network is called loopchain and is currently being applied by real enterprises such as banks, security firms and hospitals.
The CoinRadars system will run on Carboneum tokens (C8) – 120,000,000 of which will be available for purchase during the ICO which launches on 25 Monday June.
Social trading may not be a new concept – but whereas existing platforms are based upon centralised platforms, CoinRadars will be based upon blockchain technology, allowing for transparency and security that is missing from current social trading systems. This is where the partnership with ICON becomes so essential.
Max Kortrakul Founder and CEO of Carboneum, says: “One of the key aspects of our project that sets us apart from existing social trading platforms, is our plans to build it on a decentralised network. This will enable users to learn from experts in a cost-effective, secure and transparent way. Therefore, our joining the ICON ecosystem is an important step in achieving our vision, and we are really pleased to be able to announce this partnership.”