What Is CoinDash (CDT)
CoinDash brands itself as a blockchain-based social trading platform that makes cryptocurrency investing accessible to everyone.
It’s also a cryptocurrency token.
Founded in 2016, the company behind CoinDash is based in Tel Aviv, Israel. It was also founded by Alon Muroch, a blockchain influencer.
The information provided here is for informational purposes only and should not be seen as investing advice. Our opinions on this site are only that, if you are considering an investment into cryptocurrency or anything we speak about on this site, please advise a trusted financial professional first, before doing so.
CoinDash has its own cryptocurrency token dubbed CDT.
It’s an ERC20 compatible coin that’s built on top of the Ethereum blockchain.
Essentially, CDT is a utility token that allows its holders to use the CDT ecosystem. It’s the main means of exchange in the CDT ecosystem.
About The Platform
The platform started as a project in the ether.camp competition where it emerged the best overall, beating over 70 others to the top prize.
CoinDash is based on the fact that inexperienced investors are usually locked out of cryptocurrency investing simply because most trading platforms have barriers that make it hard for newbies to invest, manage their portfolios or interact with experienced traders.
The platform was created with the goal of simplifying cryptocurrency investing, opening up the industry for everyone who’s interested in investing in crypto assets.
It features three key components namely; marketplace, a Software as a Service component and a social network.
The platform is available online and as a mobile app.
It enables any user to trade in crypto assets and to interact with other investors.
It provides users with services and tools that help them to handle, manage, trade crypto assets and interact with other investors, opening the crypto assets investment industry to the masses.
In June 2017, the platform released it beta version.
How Does CoinDash Work?
The CoinDash platform is built on the Ethereum blockchain and uses smart contracts.
CoinDash can be accessed online or from a mobile application.
It’s basically a market network that features three key components including SaaS, a social network and a marketplace.
With CoinDash’s marketplace, you can easily discover crypto asset investment opportunities using data produced by network layers and SaaS.
Data Produced With SaaS
With CoinDash, you’ll get access to lots of data produced with SaaS. In its basic form, SaaS is a technology that can be accessed through any device that’s connected to the internet.
CoinDash’s SaaS technology aggregates data from leading digital exchanges like HitBTC and Poloniex which are integrated into the platform to provide users with quality, real time analytics.
Allowing Users To Make Trades On The Platform
It’s also important to note that CoinDash is not just an investment tool for investors but also a trading platform. It allows users to make trades directly through the platform.
The most exciting feature of this platform is it allows users to copy success, meaning they can copy the investment portfolio and decisions of the leading investors to make profits of their own.
The marketplace also comes equipped with an ICO dashboard that provides graphical simulations of past, current and future ICO projects.
Additionally, there’s a software development kit for developers that allows them to create third party investment tools.
The social network part of CoinDash allows users to interact freely by sharing their experiences on the platform. Basically, the social network allows accomplished traders and investors to share their personal portfolios and trading activities with other users in a simple and interactive way.
CoinDash offers insight into personal trading decision of top investors with the aim of helping new users to copy their success. Through the social network, experienced traders get a chance to earn CDT coins for publicly displaying their personal portfolios and trading activities while new users part with CDT coins to get trading insights from accomplished traders.
The “copy trading” feature is powered by smart contracts. In a nutshell, the social network removes barriers to crypto assets investing by bringing together a community of traders to share their experiences.
A Software Service
Software as a Service (SaaS) is a layer that allows data to be accessed from any device that’s connected to the internet through a browser.
The SaaS features a variety of intelligent tools that allow users to customize the design of cryptocurrency interaction and trading mechanisms.
The CoinDash platform produces data that makes it easy for users to make investment decisions driven by data and to track their crypocurrency portfolios.
Using data produced by network layers, investors can easily manage their portfolios as they get real-time market analytics on price and trends.
CoinDash users can copy success of leading investors by creating smart contracts.
CoinDash also makes it possible to automate past, present and future ICO projects through an ICO dashboard. When it comes to ICO investing, the dashboard comes in handy for investors as it gives them market analysis and insights to help them make smart choices.
When it comes to cryptocurrency trading, nothing beats an automated system. CoinDash allows its users to automate their trades very very easily.
Benefits of Using CoinDash
No one can deny that CDT has some of the most resourceful tools for crypto investing. It comes with a number of benefits for any trader.
These include; the ability to track and manage investment portfolios using a mobile application. As a matter of fact, most crypto currency exchanges are not beginner-friendly and this is exactly where CoinDash comes in.
It’s not only beginner-friendly but also allows anyone to start trading as long as they have a mobile phone or a PC.
Secondly, investors get access to the portfolios and investment decisions of top traders and investors. Using the CDT tokens, you can pay to learn from some of the most successful investors on the platform.
What’s more, you can copy their portfolios to reap big rewards from your investments.
Thirdly, experienced traders can make a passive income by simply displaying their portfolios and trading activities.
Additionally, you stand to get real-time analytics from top exchanges to help you make smarter investment moves.
Finally, you can develop your own investment instruments using the software development kit, if you are a developer.
CoinDash has its native ERC20 compliant cryptocurrency tokens in the form of CDT coins. CoinDash users will need to have CDT tokens to use the network and to pay fees on the network.
Additionally, experienced investors can monetize their experience by sharing it with other traders to earn CDT tokens. The company minted one billion CDT tokens, which have a circulating supply of 651 million as of this writing.
How to Buy CDT Tokens
It’s not hard to buy CDT tokens you missed their public sale. The good news is that CDT tokens are traded in most major exchanges like HitBTC, Binance, Gate.io and BigONE.
To buy CDT, you’ll need to have either ETH or BTC in your wallet as most exchanges won’t allow for fiat-cryptocurrency trading.
Luckily, there are many services that offer fiat-cryptocurrency exchanges, including Coinbase, CoinMama and BitStamp.
You’ll need to create an account in any of these exchanges to buy ETH or BTC.
Where You Can Store It
It’s worth noting that CDT is an ERC20 standard token and can be stored in any hardware and software wallet that supports ETH.
Hardware wallets include; Trezor and Ledger Nano S.
While MyEtherWallet is one of the software wallets where you can safely store your CDT tokens.
Generally, these are just a fraction of wallets that can store CDT. There are many others out there.
It’s recommended that you thoroughly research on any wallet before you settle on it as each wallet comes with its pros and cons.
If you're ready to pick up some CoinDash tokens than we encourage you to use Binance as it's very user friendly and heir security is one of the best out there.