On its platform, users are not required to pay fees for the purchase, sale, deposit or withdrawal of funds. The firm only charges one commission from a seller. Its website claims CoinPlace plans on occupying up to 47% of the market within five years.
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The ICO will last for 60 days, during which there will a limit of 35,000,000 ‘CPL’ tokens up for grabs. A CPL token equates to 0.001 Ether (Ethereum’s native currency). 0.001 Ether is worth about $5.50 (roughly £3.92). So, that means, based on Ether’s current value, CoinPlace aims on raising $192.5 million (roughly £137.2 million).
What Coin Place says:
CoinPlace is the world’s first P2P service featuring two kinds of tokens: tokens of projects in the ICO phase («ICO tokens») and tokens of post-ICO projects or crypto assets traded on exchanges (“crypto assets”).
This makes CoinPlace the eBay for the wide variety of crypto assets and the PayPal for new businesses based on the ICO model. The CoinPlace platform is the world’s first P2P service for ICO token and crypto asset trading (bitcoin, altcoins, and other tokens).
The existing P2P platforms have inherent limitations: they allow exchanging just one or, at best, two crypto assets. Buyers of crypto assets face a range of challenges: high commissions, loss of anonymity that comes with using exchanges, lengthy verification processes, a complex exchange interface, and a limited choice of payment methods.
- To list over 100 digital assets on the platform in the space of one year
- To capture over 50% of the market for ICO token sales and more than 40% of the P2P crypto assets trade market in the space of five years
- George Blagov – CEO
- Nikolay Ermakov – COO
- Stan Teo – Strategy
- Alina Belkovskaya – Marketing
- Alexander Saksagansky – CTO