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ICO ends in
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About

Coinolix is a multifunctional cryptocurrency exchange ecosystem by combining a robust crypto asset exchange platform. High number of trade requests can be countered with the adaptable & extensible engine in a matter of moments. Coinolix exchange follows a best practice by keeping the majority of the asset reserve in cold storage, which is not present on the web server or any other computer to secure users fund on exchange wallet. Exchange services includes Spot market trading, Margin trading, Futures market trades. We will provide cross-platform Device Coverage on all browser-based trading platform, Android & IOS device platform, PC (Windows, Mac, Linux) trading platform, REST API. "Zero" trading fees for CLX token Holders* & also get the huge benefit of token buyback & burning program. 24/7 Customer service with faster response time to resolve customer's problems. Earn tokens by doing promotional activitie on coinolix website.

Rating Report

8.7/10

 


 

Vision (9.0)

Coinolix wants to solve many problems faced by the cryptoassets community. Today, we can see expansion problems, where Trading Platforms (exchanges) needs to stop accepting new users registration/verification, so many users can't trade because they are waiting for to be verified and currently already have been exceed the non-verified limits. We also can see the infrastructure problem, where sometimes the orders delay to be placed or canceled and it harms the traders that probably have losses with orders non-executed/non-canceled or liquidated orders.

 

We can see many other problems like security and support. Coinolix will bring various security layers and a 24/7 customer support, opposite the current exchange players. Not just it, but Coinolix says that can execute around 1,200,000 orders per second, it shows a strong infrastructure investment.

 

Team (8.0)

 

On the management team we can see Prasanna Puniwala, CEO, with more than 10 years of experience with e-currencies providing liquidity to forex brokers. Saeek Momin is Management Head and Strategic Planner, a experienced business and human resources professional. Shivang Jariwala is the Business Development Officer and he's experienced executing and searching for new business opportunities.

 

Dhaval Bhagatji is Marketing Director and he's a experienced with advertising, market research and product development. Shiv bhagat is the Operation Director and he's a 10 years experienced product designer/UX. Rajesh Vora is the CTO and he have worked building trading robots for forex and stocks and with blockchain development. Coinolix have a good team, we're just missing a Legal team and a major technology team.

 

Financial (9.0)

 

Below we'll analyze the token distribution:

 

 

Coinolix reserves 50% of tokens to the ICO and we think that it's good, normally we recommend +50%. 15% will go to Angel Investors and it's good, institutional investors will have a direct contact with Coinolix team to invest.  10% will go to Advisors, in this case we think that it's a good budget. 2% will go to Bounties and 3% to referral, which will work as a marketing budget, we think that it's a good budget. 20% will go to the team, we think that it should be around 15%.

 

Below we'll analyze the use of funds:

 

 

We liked the use of funds of Coinolix. They want to reserve 40% to the exchange development, and if they want to turn real their vision, 40% will be a very positive allocation. Legal budget is really important, an exchange need to expand their operations and face jurisdictional laws, so 5% is a positive allocation. Reserve fund is one of most important budgets in a company, 20% is a positive allocation. To operate a platform without expansion and scalability problems will requires an allocation to the infrastructure, 10% is positive. To attract new investors to this market and to bring the cryptocommunity to Coinolix and show why use it, will require a high budget to the marketing, 25% is a very positive allocation.

 

Product (-)

 

Unfortunately, Coinolix don't have a Minimum Viable Product, so we can't do an analysis.

 

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Details
  • Status:
    Active
  • Start Date (Pre-ICO):
    October 8, 2018
  • End Date (Pre-ICO):
    November 7, 2018
  • Start Date (ICO):
    November 8, 2018
  • End Date (ICO):
    December 13, 2018
  • Whitepaper:
  • Token Type:
    Cryptocurrency
  • Token Blockchain:
    Ethereum
  • Token Protocol:
    ERC-20
  • Token Symbol:
    CLX
  • Token Supply:
    1,000,000,000 CLX
  • Token Price:
    1 CLX = 0.25 USD
  • Soft Cap:
    15,000 ETH
  • Hard Cap:
    277,777 ETH
  • Accepting:
    ETH, BTC, LTC
  • Min. Investment:
    100 USD
  • KYC:
    Yes
  • Whitelist:
    Yes
  • Country Restriction:
    China, Singapore, United States
  • Country:
    Estonia
Airdrop and Bounty

https://coinolix.com/blog/airdrop/

https://coinolix.com/ico/bounty/

Widget Code
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