NEXT GENERATION HYBRID DECENTRALISED EXCHANGE

One stop shop for multiple fiat gateways, hundreds of cryptocurrencies, and crypto debit card facilities

WHAT IS CLOVERDEX?

Cloverdex is a platform that consists three products:
Modular hybrid decentralised exchange;
Secure multi-currency wallet; and
EFTPOS debit card – every day purchases using cryptocurrency seamlessly

OUR PLATFORM

We aim to tackle seven challenges facing current cryptocurrency exchanges:

1. Usability

 current exchanges involve too many steps and are tailored for advance users or assumes that the user has pre-existing knowledge

2. Security

 cryptocurrency exchanges have been susceptible to hacking and internal fraud because of lack in security focus and funding.

3. Liquidity

 having not enough people trading on an exchange results in greater difficulty to trade, higher asset costs for investors, and difficulty in withdrawing funds in fiat.

4. Transparency

Hidden trading fees and commission charged results in higher investor cost and lack of trust.

5. Compliance

 customers are hesitant to enter the cryptocurrency market due to perceived uncertainty in regulations and laws.

6. Education

 most exchanges cater to advance traders and lack proper education and easy to use tools for beginner investors.

7. Accessibility of funds

current solutions to bridge traditional payment infrastructure and blockchain based assets are not seamless and involves high transaction fees either through upfront fees or currency conversion rates, both of which form a disincentive for use.

MODULAR HYBRID DECENTRALISED EXCHANGE

Incorporating the speed and liquidity of centralised exchanges with the security afforded in a decentralised exchange where the user owns their private keys.

The Cloverdex trading platform will cater to both beginner and advance users through our 3-step ethos. This means that all actions (e.g. registration, trading) can be completed within 3 steps.

In addition, Cloverdex exchange will offer the following:

1.Multiple Fiat pairings

up to 10 different fiat pairings initially with more to come.
Support over 100+ cryptocurrencies and tokens.

2. Transparency

no hidden fees.

3. Security

2 Factor Authentication and Multisig implementation. Periodic external security audit by a reputable firm.

4. Liquidity

maximise liquidity and best available prices by tapping into external exchange pools.

SECURE MULTI-CURRENCY WALLET

Full control and ownership of your crypto assets.
Simplified crypto asset management and transacting.
Store a multitude of cryptocurrencies/tokens.
Manage Debit Card settings.
Private key ownership.
Strong security focus – 2FA and multisig

EFTPOS DEBIT CARD - HIGHLY ACCESSIBLY USE OF CRYPTOCURRENCY

Instantaneous and seamless use of cryptocurrency for every-day purchases.
Usable at millions of EFTPOS terminals around the world.
Planned future integration with Google Pay and Apple Pay.
Convert crypto assets to fiat currency at point of purchase.
Full control of debit card – transaction limits and weekly/monthly spend limits.

BENEFITS OF CLOVERDEX TOKENS HOLDERS

Discounted trading fees

Highly discounted trading fees depending on the number of tokens the user holds and their monthly trade volumes

Free EFTPOS debit card

Users who hold 3,000 tokens be given a free EFTPOS debit card when it is made available

Participation in community discussions and votes

Holders will be able to expend their tokens in community votes relating to cryptocurrency/token listings and new platform features. Larger holders of the token will have a greater influence in these discussions.

Advanced market analysis tools

Token holders will have additional tools such as automated technical analysis and cryptocurrency/token quality indicators

Beta access to the trading platform and mobile wallet

Token holders will have beta access to the trading platform and multi-currency wallet.

ROADMAP

August2018

• Whitepaper 

• Development of alpha prototype 

• Development of promotional material (video, website) 

• Community engagement and building

December2018

Pre-sale 

• Pre-sale will start mid December 2018.

• Start Selection and negotiations with payment processor 

• Intensify Marketing initiative

January2019

Technical talent procurement 

• Technical talent and development team formed.

• Intensify Marketing initiative

February/March2019

Public crowdsale 

• Public crowdsale commence

• Audit of crowdsale results.

Q1 2019

Beta exchange and wallet launch

• Closed Beta launch early in the year.

• We plan to be listed on at least two major token exchanges early in the year.

• Public Beta launch with external exchange trading support and support for more fiat pairs 

March/April 2019

• First major security audit by external service provider.

Q2 2019

Full release 

• Full public release of Cloverdex exchange and secure multi-currency wallet – includes up to 10 fiat pairs.

• Debit Card support added and shipped to customers.

Q3 2019

Major enhancement release and internal testing of hybrid decentralised exchange module

• Increase number of fiat pairs based on customer demand. 

• Support for over 100+ cryptocurrencies and tokens. 

We will be conducting a vetting process so to ensure only quality cryptocurrencies/tokens are available on the trading platform. 

• Internal testing of hybrid decentralised exchange module.

Q4 2019

Hybrid Decentralised Exchange migration • Seamless migration of trading platform to a hybrid decentralised model.

OUR MOTIVATED TEAM

Leung Lau
Co-Founder, CEO

Shing Lau
Co-Founder, Chief Technology Officer

Sasha Dordevic
Operations Director & Chief Financial Officer

Christopher Andrew
Product and Platform UI/UX Director

Siris Kunwar
Communications Director

OUR ADVISORY BOARD

Keely O’Dowd
Legal Advisor

Rohit Bhattacharya
Crypto advisor and trading analyst

DISTRIBUTION OF TOKENS

Eighty percent of all tokens will be allocated to the community (20% presale and 60% crowdsale). The remaining 20% will be allocated to the core team vested over a 3-year period.

The presale allocation was strategically modelled to ensure fairness for all contributors so that no one single party would hold a significant portion of tokens before the public crowdsale.

60% Distributed to Community (crowdsale)
20% Distributed to Community (Pre-sale)
20% Founders and Team

FUNDS USAGE

Funds raised during the ICO will be for the following purposes:

Exchange platform reserves (40%):

these funds will serve as trading reserves to provide
the necessary initial liquidity.

Development (20%):

development of the trading platform, secure multi-currency wallet, and EFTPOS debit card functionality. Funding for security is bundled into the development cost.

Marketing (20%): 

Funding will be for advertising, media content creation, community building and engagement, promotions and prizes, and website design.

Operations (10%):

Day to day operations of the platform and corporate expenses.

Legal (10%):

regulatory and legal compliance.


40% Exchange platform reserves
20% Development
10% Operations
10% Legal
20% Marketing

If you're not clear, you'll be able to contact the official:

WEBSITE : www.cloverdex.io
WHITE PAPER : https://cloverdex.io/wp-content/uploads/2018/12/WhitepaperFinalV1.2.pdf
TELEGRAM: https://t.me/cloverdex_community
TWITTER : https://twitter.com/cloverdex
REDDIT : https://www.reddit.com/user/cloverdex/
MEDIUM : https://medium.com/cloverdex

AUTHOR:

BITCOINTALK ID Name: DEWI08

WALLET ADDRESS (ETH): 0x53D1Ea8619E638e286f914987D107d570fDD686B