1) Tell us more about yourself, your background, career.
I am the founder of this project. I am the main dev.
I’ve been in trading for a long time ago which made me gathering many experiences. I started first in forex, but I didn’t like it even though I spent 2 years in it. Later on, I got interested in cryptocurrency, I started trading crypto on some platforms like Paxful and Localbitcoin and lately Binance P2P.
Besides my interest in decentralized finance got me to make new partnerships with various people in this domain to overcome many errors and mistakes, so my goal, for the time being, is to help people facing scams and fraud and try to stop destroying the whole idea of decentralization which I think the best idea that has occurred to our generation and what comes after.
At the same time, I started looking for new opportunities in the crypto market and little by little I started accumulating knowledge about the blockchain and its techniques.
I got scammed a few times, And that made me look into how to spot scammers using what I learned.
The growth of the number of scammers and the grid of the tokens creator made me decide to get away from trading them and start TRDC.
2) Can we know more about Traders Coin?
Traders Coin (TRDC) is a blockchain-powered decentralized platform built on Binance Smart Chain (BSC) Network. TRDC’s supply is limited to 210M tokens, it allows users and traders to enjoy the flexibility offered by BSC Network which includes scalability and low transaction fee.
You can see our contract Address : 0x7e8db69dcff9209e486a100e611b0af300c3374e
3) What makes you start this project?
I want to protect investors and fight scammers as mentioned earlier.
The first platform to provide a trading service for beginners with small amounts for training and big prizes in the event of their success to help young people and beginners in trading foreign currencies or digital currencies.
4) Are you working on Defi too?
TRDC allows users and traders to enjoy the flexibility offered by the Binance Smart Chain Network which includes scalability and low transaction fee. TRDC staking pool offers its users the opportunity to earn passive income like some developed Decentralized finance (DeFi) projects. We provide a secured solution to address the conflict between the mainnet security and the token liquidity in the staking model. The staking protocol gives holders more rights and allows holders to join the stake contract by staking in exchange for equivalent tokens.
5) What are the use cases then?
Store of value: Traders Coin will be used as a store of value that would appreciate with time. There are diverse ways of earning in the cryptocurrency sector and apart from other incentives offered by farming and staking, TRDC can serve as a store of value. TRDC serves as an efficient means of transferring money over the internet. As a store of value, it can also be used as a unit of exchange. Some of the attributes that enhance the value of Traders coin includes scarcity, divisibility, utility, durability, transportability (portability), and counterfeit ability. These characteristics ensure that TRDC will appreciate in value with time.
Make p2p payments: Decentralization in blockchain and cryptocurrency has led to the exchange of information, data or assets between parties without the need of a central authority. Peer to Peer in TRDC employs this decentralized approach in the exchange of traders aims. This enhances security exchange and transparency as well as the elimination of third parties. This supply allows TDRC holders to transfer their tokens from one account to another in a simple and easy manner.
Participate in new projects through crowdfunding: This fund is contributed by members of the community who believe in such a project and are willing to have a stake in the success or otherwise of the project.
6) Let’s talk about numbers. Can you share with us what are your tokenomics like? And what is your token structure and distribution?
Traders Coin pools allow users to provide liquidity by adding their tokens to the liquidity pools or “Lps.” When users add their tokens to a liquidity pool (LP), they will receive FLIP tokens (Traders Coin version of liquidity provider tokens). As an example, if you deposited TRDC and BNB into a liquidity pool, you would receive TRDC -BNB tokens. The number of tokens you receive represents your portion of the TRDC-BNB liquidity pool. You can as well redeem your funds at any time by removing your liquidity. Providing liquidity is not without risk, as you may be exposed to impermanent loss.“Simply put, the impermanent loss is the difference between holding tokens in an AMM and holding them in your wallet.” – Nate Hindman. It’s not all bad for liquidity providers as you will also be given a reward in the form of trading fees. Whenever someone trades TRDC, the trader pays a 0.2% fee, of which 0.17% is added to the liquidity pool of the swap pair they traded on.
EQA will be used to reward users, community members and stakers on the Equantum platform. The reward system also includes Daily lottery, Farming/staking rewards, Airdrops and influencers.
As for token distributon, this is the struture: 50% – Distributed to company 21% – Reserved funding 9% – Founders and team 3% – Advisors 17% – Bounty campaign
7) What is your project roadmap?
We have 3 phases now.
Phase 1 :
Creation and design
Further ecosystem development
Pancakeswap listing
Phase 2 :
Audit approaching
Token airdrop
Coingecko listing
Phase 3 :
Trading competitions and awards
Hold – scalping
Demo & Real Trading
Crypto Launchpad
Phase 4:
These strategies are among the most important projects of TradersCoin (TRDC), they summarize previous unsuccessful experiences in cryptocurrencies’ trading.
XWallet : This strategy serves to track and analyze automatically crypto whales’ wallets, allowing us to have clear information on their movements in the market, sells and purchases in their wallets. It also allows us to observe their transactions and liquidity movements .
CWallet : This strategy is based on a special automated system copying whales wallets’ trading on decentralized platforms. For example : a whale has 200M $ while you have 20k $, if he loses 1M $ (0.5%) you lose 100$, and if he wins 1M $ you win 100$ and so on.
SWallet : This strategy acts as a broker, it plays the part to define your transactions, including deposits, withdrawals, entry and exit points, transfer expenses and profits on decentralized trading platforms based on your invested capital.
In essence, we would like to note that this type of copy trading is quite different from Forex’s copy trading, because crypto whales do not trade with leverage, as is the case in Forex.
8) What are your views of the current crypto market? Do you think we are in the bear market now? Will bitcoin fall below $30,000?
The crypto market will remain strong in the long run. In the short run, we hope to see DEXes work together and kick out the scammers that we trying to cheat the token buyers’ hard earn money.
As for bitcoin, I have no comments for the fall right now. In the longer run, because of its scarcity, it should increase gradually.
9) We hope to aspire to our community. Can you share with us a motivational quote for all of us?
Those who started years ago and continued and were patient with the loss are the biggest beneficiaries of digital currencies now. Opportunities do not end, and a person must learn every day, and not leave this field, because it is the best.
10) Lastly, where can we find out more about you?
You can go to our official website at https://trdctoken.com/. We have other social channels as well.
Twitter: https://twitter.com/TradersCoinTRDC?s=09
Reddit: https://www.reddit.com/r/traderscoinTRDC/
Telegram: https://t.me/trdc_family
This interview is curated by Blockcast.cc.
Date of interview: 2 July 2021
Venue: Telegram Voice Chat
Time of interview: 10.00 am SGT
Interviewer: Peter Kim, Editor
