ThinkCoin has entered into a partnership with GMEX Group, a crypto exchange and post-trade solutions platform. ThinkCoin is in the midst of an initial coin offering (ICO) with a hard cap of $30 million.
GMEX’s Fusion platform combines centralised trading systems with blockchain technology. GMEX suite of features will be combined with the TradeConnect multi-asset trading network, using ThinkCoin, a bespoke digital trading token unit of exchange. GMEX says tradable assets will include FX, equities, commodities, crypto and more.
“All of us at ThinkCoin are enormously excited to begin our collaboration with GMEX. The company’s culture of innovation and solution-oriented thinking is hugely impressive, and we look forward to together exploring the full potential of on and off-chain solutions to realise the promise of blockchain technology,” commented Nauman Anees, CEO and Co-Founder of ThinkCoin.
GMEX says this will deliver options for both decentralised and centralised trading solutions. The GMEX order execution API will be combined with TradeConnect’s matching model to create a trading solution that seeks to deliver the best of traditional centralised and blockchain-powered decentralised solutions.
Apparently, TradeConnect will replace more traditional commissions with a “levy” on all trades that will be rebated to network participants in proportion to their participation. Traders will be connected with each other by an AI-powered scoring and matching model that will ensure the best trading conditions.
The collaboration is expected to “significantly enhance liquidity within the trading network’s ecosystem, enabling the network to achieve scale far faster than any other blockchain trading solution. GMEX predicts an “uptake at a rate never before seen.”
Hirander Misra, Chairman and CEO of GMEX Group said the ThinkCoin digital token and its associated TradeConnect network integrated with GMEX Fusion will provide traders with the most diverse blockchain-based multi-asset trading and exchange ecosystem on the market today.
“This brings with it a substantial client footprint from the outset to ensure liquidity, which combined with the experience of the team has all the ingredients to make it a market leading proposition.”
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