panjilaras: ICO Review Cloverdex

Hybrid Decentralized Cryptocurrency Exchange

Cloverdex offers a one-stop shop for multiple fiat gateways, hundreds of cryptocurrencies, and crypto debit card facilities. Cloverdex is a platform that consists three products:

1). Modular hybrid decentralised exchange;

2). Secure multi-currency wallet; and

3). EFTPOS debit card – every day purchases using cryptocurrency seamlessly

ABOUT CLOVERDEX

Cloverdex will provide a modular hybrid decentralised exchange and secure multi-currency wallet (implementing multi-signature technology) with strong focus on cryptocurrency market analysis and knowledge sharing, user accessibility and friendliness, social trading, and best practice regulatory and legal compliance.

Since the inception of Bitcoin in 2008 amidst the global financial crisis, the value and adoption of cryptocurrencies have exploded and with it has gained enormous media, political, and public attention. Yet with such increased exposure, there are still many challenges facing the adoption and every day practical use of cryptocurrencies beyond what many perceive as simply a speculative investment.

My team and I at Cloverdex aim to address the following seven problem areas that currently impede acceptance and adoption of cryptocurrencies; accessibility of funds in the real world, usability, security, liquidity, compliance with regulations and laws, education, and transparency.

To address these problems, Cloverdex aims to offer a cryptocurrency trading platform for both beginner and advance traders by incorporating innovative crypto economic concepts, technological technical knowhow, and educational concepts. Ultimately, in addition to tackling the seven problems, Cloverdex is focused in building a strong business model that is economically sustainable benefitting the cryptocurrency community and investors in our vision and mission.

To realise our vision and mission, Cloverdex will create its own Ethereum (ERC20) based functional token that will provide members discounted trading fees, free EFTPOS debit card, access to advanced market analysis tools, early Beta access to the platform, increased trading limits, and more (to be announced). Pre-sale of the Cloverdex tokens (CLDX) will launch in mid December 2018 for a limited group of contributors. Funding raised as part of the pre-sale will mainly fund initial start-up, marketing activities, negotiations with payments processor and recruitment of technical talent leading up to the public crowdsale.

FEATURES

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 beginners and advance users through our 3-step ethos. This means that all actions (e.g. registration, trading) can be completed within 3 steps.

1). Multiple Fiat pairings – up to 10 different fiat pairings initially with more to come.

2). Support over 100+ cryptocurrencies and tokens.

3). Transparency – no hidden fees.

4). Security – 2 Factor Authentication and Multisig implementation. Periodic external security audit by a reputable firm.

5). Liquidity – maximise liquidity and best available prices by tapping into external exchange pools

EFTPOS DEBIT CARD – HIGHLY ACCESSIBLY USE OF CRYPTOCURRENCY

Instantaneous and seamless use of cryptocurrency for every-day purchases.

1). Usable at millions of EFTPOS terminals around the world.

2). Planned future integration with Google Pay and Apple Pay.

3). Convert crypto assets to fiat currency at point of purchase.

4). Full control of debit card – transaction limits and weekly/monthly spend limits.

SECURE MULTI-CURRENCY WALLET

Full control and ownership of your crypto assets.

1). Simplified crypto asset management and transacting.

2). Store a multitude of cryptocurrencies/tokens.

3). Manage Debit Card settings.

4). Private key ownership.

5). Strong security focus – 2FA and multisig

CLOVERDEX ROADMAP

August 2018

Whitepaper;

Development of alpha prototype;

Development of promotional material (video, website); Community engagement and building.

December 2018

Pre-sale;

Pre-sale will start mid December 2018;

Start Selection and negotiations with payment processor;

Intensify Marketing initiative.

January 2019

Technical talent procurement;

Technical talent and development team formed; Intensify Marketing initiative.

January – February 2019

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.

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

ADVISORS

Keely O’Dowd: LEGAL ADVISOR

Rohit Bhattacharya: CRYPTO ADVISOR AND TRADING ANALYST

CLOVERDEX INTERVIEWS

Leung Lau

As a team member, сan you tell us about your role in the ICO project?

With over 10 years experience in private and public sector management positions spanning areas across software engineering, corporate finance and budgeting, business planning, and financial analysis, Leung has the ability to identify gaps in the market and needs of investors and customers to achieve successful innovative solutions.

Leung has worked at IBM specialising in enterprise-level system architecture, frontend design, Java and .Net programming. Having a passion to serve the public and better understand corporate finance and governance, Leung then sought experience within the Australian Commonwealth Government and have held management positions in a number of departments and agencies. These include the Australian Institute of Family Studies (AIFS) as Deputy Chief Financial Officer, and a number of managerial positions at the Department of Social Services including Director for Financial Reporting, Assurance, and Costings.

Besides being a passionate blockchain enthusiast and crypto investor, Leung enjoys spending time with his family and staying fit. He strongly believes a healthy body results in a healthy mind.

What do you think about idea?

Cloverdex to be the one stop shop for all crypto needs and to the be premier cryptocurrency exchange in the world.

Cloverdex competitor advantage is providing products/services that caters to all users regardless of their technical know-how.

By focusing on user needs and wants, we will provide a superior platform compared to competitors.