CoinLion is the industry solution for navigating the complex jungle of trading and managing digital currencies. We believe trading cryptocurrencies should be a rewarding process. CoinLion empowers digital currency investors to trade and manage portfolios under one powerful platform while providing market research and analytics to enable smart trading. CoinLion users can earn the native token LION for sharing portfolios, research, data and strategies with users. In a rapidly expanding market with no simple solution, CoinLion users enjoy access to a dedicated customer service team devoted to answering questions and keeping up with evolving regulatory and compliant standards.
COINLION VISION
CoinLion’s vision is to create an ecosystem whereby users will be able to manage their digital assets (cryptocurrency) and use a variety of analytic tools to become a better investor/trader. In other words, CoinLion wants to be a one-stop-shop trading platform.
Part of the solution is having the right tools, and the other part is creating a robust ecosystem/community were a person can learn, grow and share ideas.
COINLION VALUE PROPOSITION
Every exchange thinks their business model and capabilities are the best. I’m going to spare you from talking about CoinLion’s the baseline capabilities that I feel, all exchanges, at the minimum, should offer at a high-level, such as friendly user interface, security, and customer service. Instead, I’ll focus on CoinLion’s unique offerings (Portfolio Management Tool, Dual Blockchain System, ICO underwriting, and several security features) that will set them apart from the rest of the crowd.
PORTFOLIO MANAGEMENT TOOL AND LEVERAGING COMMUNITY WISDOM
CoinLion’s answer to the tool part of the equation is their Portfolio Management Tool (PMT). CoinLion’s PMT will allow users to create multiple portfolios to manage their digital assets in a simple and efficient manner.
At the same time, CoinLion members will also be able to share their portfolios, strategies, and research with like-minded CoinLion members. That is the other half of the equation, which is to create an ecosystem/community.
CoinLion members will also be able to generate revenue and win bonuses from CoinLion and other members when they allow their portfolio(s) to be publicly tracked and published. In other words, this allows traders to generate LION (CoinLion’s native token) simply for sharing their portfolios and strategies within the community.
DUAL BLOCKCHAIN SYSTEM (DBS)
I’m not familiar with many blockchains that have adopted this system. Vericoin (VRC) is the only one that I’m aware of that has adopted the architecture. It is highly likely that CoinLion is the first and only exchange to adopt it.
DBS is designed for speed to track and monitor transactions. Each blockchain serves a specific purpose and when working together it makes it possible to achieve complete integrity, immutability (unchangeable), and transparency.
CoinLion uses one blockchain to store specific data related buy and sell orders to sync with the matching engine. CoinLion’s second blockchain stores data specific to each transaction. This dual blockchain uses geographically distributed nodes to confirm transactions and preserve the decentralized nature of the blockchain.
ICO UNDERWRITING
Offering ICO underwriting isn’t a new concept. Cobinhood also offers underwriting services. The difference is Cobinhood plans to subsidize user exchange fees with their underwriting revenue, while CoinLion’s service will list new coins to the platform and LION holders will have access to purchase ICOs at a discounted rate.
While underwriting serves the purpose to offer quality coins on the platform as well as provide added liquidity for new coins, the main purpose is to capture businesses looking for an advantage by getting a head start. It’s a situation where everyone can win.
SECURITY — CIRCUIT BREAKER/COLD STORAGE/INSURANCE
I know I said earlier that 100% security should be a given. However, I feel compelled to write a few distinct platform features that are uncommon with the first generation of exchanges.
Circuit Breaker: CoinLion’s platform will include a built-in circuit breaker (same as traditional stock exchanges) to protect from flash crashes. The circuit breaker will be available for main currencies such as Bitcoin (BTC) and Ethereum (ETH). However, the circuit breaker is not designed to prevent integrity of the markets, instead it exists to protect specific currencies from moving 25% in 5 minutes. In the event of a 25% move in a 5 minute period trading will halt for an hour. As currencies mature, more will be added to the policy.
Cold Storage: CoinLion stores 98% of deposits in cold storage. The remaining 2% will be used to facilitate faster processing of withdrawals.
Insurance: Hacking is a high risk. Chinese exchange GBL and Mount GOX lost a combined 395 million worth of BTC. While those examples happened several years ago, the risk persists today.
To quell investor worry, CoinLion will offer full pay out insurance if CoinLion has a (successful) attack on its online storage. As an added insurance for United States residents, FDIC will insure accounts up to $250,000. FDIC involvement is a first that I’ve seen.
THE LION TOKEN
CoinLion’s ERC-20 native token’s symbol is LION. It will be used to reward and incentivize users to create and share portfolios, strategies and research within the CoinLion ecosystem.
LION HODLers will be able to spend the token for these purposes:
SPENDSIDEEARNSIDETrade for free (only applies to LION trading)Publicly share your portfolio to allow others to track itReceive 25% discount to the maker/taker trading cost scheduleAdvertise your portfolioCreate, track, advertise, and duplicate portfoliosCreate and share strategies with other usersAccess research and analyticsCreate and share research for other members or COINLION research and analytics libraryAccess to ICOs launched within the platformEarn LION for being a top performer or researcher
ICO DISTRIBUTION DETAILS
CIRCULATION: 250,000,000 at ICO
TOTAL CIRCULATION: 500,000,000
ACCEPTED CURRENCY: ETH
MIN ACCEPTED: 0.1 ETH
ICO PHASEBONUSEXCHANGE RATE Pre-sale 40%1 ETH = 3500
Phase 1: Week 1 (18/DEC-7/JAN)20%1 ETH = 3000
Phase 1: Week 215%1 ETH = 2865
Phase 1: Week 310%1 ETH = 270012
Phase 2: Week 1 (12/FEB-25/FEB)5%1 ETH = 2625
Phase 2: Week 20%1 ETH = 2500
**ROADMAP**
DECEMBER 11, 2017 — LION TOKEN PRE-SALE OPENS
DECEMBER 18, 2017 — LION TOKE SALE OPENS (PHASE 1)
FEBRUARY 12, 2017 — LION TOKE SALE OPENS (PHASE 2)
FEBRUARY 25, 2018 — FINAL PHASE OF TOKEN SALE COINLIONOSES
JULY 7, 2018 — LION TOKEN OPEN FOR TRADING ON THE CONLION PLATFORM
AUGUST 2018 — ONGOING DEVELOPMENT & NEW COINS CONTINUALLY ADDED
FINAL THOUGHTS
CoinLion’s vision is certainly ambitious because it’s a new concept. The addition of their PMT and building a strong community depends on one thing: active users that find value in the CoinLion’s ecosystem. At this point everything is theory. CoinLion won’t know if they have a hit until they see user data (registration, attrition, retention, PMT use, etc.). I’m sure CoinLion is looking for a userbase tipping point level where the PMT tools will increase in value as more members hop aboard. CoinLion may also need to tweak the incentives to join and build a strong user community.
Regardless, I think CoinLion represents the 2nd generation of exchanges where users don’t just trade, but also interact and share ideas with other like-minded users. It’s almost a hybrid between an exchange and social media site, but native to the CoinLion platform.
I also noted that this is the second exchange that will offer ICO underwriting services. I think it’s a great idea. I hope ICOs will start noticing that they can raise more funds through underwriting. As an investor, I want to pick a company that is going through an underwriting process over one that is not.
In addition, I will feel more secure with exchanges that have a strong insurance policy against hacking. While insurance won’t cover someone targeting me (not the platform), I hope insurance also becomes more of a standard in the industry.
Overall, I’m excited to use CoinLion’s platform to see how it matures. This type of exchange is a step in the right direction.
COINLION REFERENCE INFO
CoinLion Website
Token Sale Summary
Whitepaper
Legal Analysis
FAQ
Cryptokokus 