Cloverdex - Modular Hybrid Decentralized Exchange

Cloverdex offers a one-stop shop for multiple fiat gateways, hundreds of cryptocurrencies, and crypto debit card facilities. 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. Multiple Fiat pairings – up to 10 different fiat pairings initially with more to come.

About
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.

Cloverdex to tackle seven challenges facing current cryptocurrency exchanges:
Usability – current exchanges involve too many steps and are tailored for advance users or assumes that the user has pre-existing knowledge
Security – cryptocurrency exchanges have been susceptible to hacking and internal fraud because of lack in security focus and funding.
Liquidity – having not enough people trading on an exchange results in greater difficulty to trade, higher asset costs for investors, and difficulty in withdrawing funds in fiat.
Transparency – Hidden trading fees and commission charged results in higher investor cost and lack of trust.
Compliance – customers are hesitant to enter the cryptocurrency market due to perceived uncertainty in regulations and laws.
Education – most exchanges cater to advance traders and lack proper education and easy to use tools for beginner investors.
Accessibility of funds – current solutions to bridge traditional payment infrastructure and blockchain based assets are not seamless and involves high transaction fees either through upfront fees or currency conversion rates, both of which form a disincentive for use.

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
February/March 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

Token info
Token - CLDX
Type - Utility
Price - 1 CLDX = 0.21 USD
Platform - Ethereum
Accepting - ETH
Soft cap - 5,000,000 USD
Hard cap - 15,000,000 USD
Country - Australia
Whitelist/KYC - KYC & Whitelist
Restricted areas - China

FUNDS USAGE
Funds raised during the ICO will be for the following purposes:
Exchange platform reserves (40%): these funds will serve as trading reserves to provide
the necessary initial liquidity.
Development (20%): development of the trading platform, secure multi-currency wallet, and EFTPOS debit card functionality. Funding for security is bundled into the development cost.
Marketing (20%): Funding will be for advertising, media content creation, community building and engagement, promotions and prizes, and website design.
Operations (10%): Day to day operations of the platform and corporate expenses.
Legal (10%): regulatory and legal compliance.

Bounty program
Token value: 1 CLDX = $0.2143 USD
3,333,333 Cloverdex tokens (equivalent to USD$714,333) are available for distribution through our bounty campaign until end of our ICO (15 March 2019).
This is divided into the following campaigns:

1. Telegram airdrop campaign: 975,925 CLDX tokens (USD$209,141)
2. Bitcointalk Signature Campaign : 374,035 CLDX tokens (USD$80,156)
3. Twitter Campaign : 470,370 CLDX tokens (USD$100,800) - PAUSED. No new Registrations for the moment. Those who have registered are not affected.
4. Whitepaper Translation Campaign : 46,705 CLDX tokens (USD$10,009)
5. Blogs Campaign : 185,185 CLDX tokens (USD$39,685)
6. Reddit Campaign : 390,370 CLDX token (USD$83,656)
7. Medium Campaign : 185,185 CLDX tokens (USD$39,685)
8. Linkedin Campaign : 185,185 CLDX tokens (USD$39,685)
   8 ) YouTube Video Campaign : 370,370 CLDX tokens (USD$ 79,370)
9. Reserved for new future campaigns: 3,333,333 CLDX tokens (USD$714,333)

Whitepaper translation
Bounty Rewards
Whitepaper translation- 700 CLDX tokens
Bitcointalk Signature Campaign
Bounty rewards:
jr Member: 280 CLDX Tokens/month
Member: 420 CLDX Tokens/month
Full Member: 560 CLDX Tokens/month
Senior Member: 900 CLDX Tokens/month
Hero/ Legendary: 1200 CLDX Tokens/month
Twitter Campaign - PAUSED for new registrations
Bounty rewards:
200-400 followers 5 tweets per week - 233 CLDX tokens per week
401-800 followers 5 tweets per week - 350 CLDX tokens per week
801-1200 followers 5 tweets per week - 467 CLDX tokens per week
1201-2500 followers 5 tweets per week - 700 CLDX tokens per week
1251-5000 followers 5 tweets per week - 1050 CLDX tokens per week
5000+ followers 5 tweets per week 1447 CLDX tokens per week
Blogs Campaign
Bounty rewards:
• Minimum 350+ words + Share Facebook/Twitter - 373 CLDX tokens
• Minimum 650+ words + Share Facebook/Twitter - 700 CLDX tokens
• Minimum 900+ words + Share Facebook/Twitter - 1400 CLDX tokens
Reddit Campaign
Bounty rewards:
• 3 posts weekly: 280 CLDX tokens per week.
Medium Campaign
Bounty rewards:
Medium bounty will be distributed between the creators of small posts, press releases and other posts and articles about Cloverdex (350+ words).
Minumum 350+ words + Share Facebook/Twitter : 373 CLDX tokens
Minumum 650+ words + Share Facebook/Twitter : 700 CLDX tokens
Minumum 950+ words + Share Facebook/Twitter : 1400 CLDX tokens
Linkedin Campaign
Bounty rewards:
250-500 connections - share cloverdex page 3 times a week : 140 CLDX tokens per week
501-1000 connections - share cloverdex page 3 times a week : 233 CLDX tokens per week
1000+ connections - share cloverdex page 3 times a week : 373 CLDX tokens per week
ICObench Reviews Campaign
Bounty rewards:
Professional review : 3700 CLDX tokens
Youtube Campaign
Please note that we are now only accepting English youtube reviews.
Bounty rewards:
• 501–1000 subscribers + >500 Views : 700 CLDX tokens
• 1001–5000 subscribers + >1000 View : 1167 CLDX tokens
• 5001–10000 subscribers + >2500 Views : 1727 CLDX tokens
• 10001–25000 subscribers + >8000 Views : 2427 CLDX tokens
• 25001–50000 subscribers + >15000 Views : 4666 CLDX tokens
• 50001–100000 subscribers + >30000 Views : 7000 CLDX tokens
• 100001–500000 subscribers + >100000 Views : 14000 CLDX tokens
• 500001–1000000 subscribers + >300000 Views : 23330 CLDX tokens

Website: http://www.cloverdex.io/
Whitepaper: https://cloverdex.io/wp-content/uploads/2018/12/WhitepaperFinalV1.2.pdf
Ann: https://bitcointalk.org/index.php?topic=5091120.0
Bounty: https://bitcointalk.org/index.php?topic=5092145.0
Telegram: https://t.me/cloverdex_community
Twitter: https://twitter.com/cloverdex
Facebook: https://www.facebook.com/officialcloverdex/
Reddit: https://www.reddit.com/user/cloverdex/
Medium: https://medium.com/cloverdex
Linkedin: http://www.linkedin.com/company/cloverdex/
Personal: https://bitcointalk.org/index.php?action=profile;u=1511301
Web: https://hyip.city
ETH WALLET: 0xF6945A33Ce4E9425d094E53E1467fed7Ea9a89f6