Jan 28, 2018
Entering the Age of Digital Assets
Trust Management of Digital Cryptocurrencies
How many times have you gone ahead with a trade after doing your due diligence, checking numerous platforms for different exchanges and trusted traders (if you are an investor), only to find that you can actually manage all these on a single terminal right after? It can be frustrating and time-consuming to research and find the best exchange pairs and traders to trade cryptocurrencies. This is especially true when you are a newcomer of the cryptocurrency trading scene and because of the volatile nature of the cryptocurrency values.
With institutions across the globe realizing the potential of blockchain as the backbone of cryptocurrency, and the skyrocketing value of Bitcoin — the ancestor of all cryptocurrencies — it’s not hard to imagine that there is a blockchain-based startup that has found a way to solve problems and avoid risks of cryptocurrency exchange for all stakeholders, through the trust management of cryptocurrencies.
Introducing the Disruptive Blockchain Platform: MBN.Global
MBN.Global is a decentralized blockchain platform that offers a unique algorithm for trust management of cryptocurrency assets to individuals — both investors and traders — trading cryptocurrencies.
This algorithm is based on using exchanges’ API keys and Ethereum Smart Contract to make it mutually beneficial and secured for both sides. It lets you trade directly with others in a relatively anonymous manner and aims to enhance the trading experience between investors and traders, benefiting everyone. A smart contract controls the trading through the internal algorithm, automatically processes profits and grants them. It doesn’t matter where the investors and traders are, they can be anywhere in the world without the border constraint.
MBN.global Is the Problem-Solver
It is no surprise that MBN’s vision is to bring the public the next generation security and transparency with blockchain. With decentralized currencies for exchanges that will work for all investors and traders, not against them, MBN Global provides solutions that lie in its unique algorithm, to the existing cryptocurrency exchange problems.
Through autonomous smart contracts and granting access to trading via API keys, users of MBN platform will be able to create a completely self-contained and independent cryptocurrency exchange transaction without the involvement of an intermediate party. This ensures the safety of funds and fulfillment of contract terms between investors and traders, and thus minimizing the lack of trust between both parties and the loss of control over invested funds. There is no chance that funds will be transferred to a third-party at MBN platform. What’s more, they will never leave an investor’s exchange account.
Furthermore, MBN. Global eliminates the risk of violation of contract terms from either investors or traders, because once the order has been made, the smart contract between a trader and an investor carries out all the necessary actions to complete the trade. The platform also allows users to do multiple exchanges concurrently, and the option to choose the best traders with their trading profit history. This convenient feature makes MBN.Global attractive for users seeking to build a diversified crytocurrencies portfolio with the most profitable traders, which was previously lacking.
Key Players of MBN.Global
Investors and traders are the central parts in this crytocurrency trading system. They initiate transactions and allow them to be executed and pushed through by the silent hero of MBN.Global — the Smart Contract. Here are their roles at MBN platform.
Traders: Trade and Receive Digital Assets
Traders at MBN Global are participants in the market of cryptocurrencies trading, who sign up to MBN platform to start handling transactions. They are willing to receive compensation in the form of digital assets, or crytocurrencies, through profitable transactions of their own and increase of an investor’s assets. Traders have all the required tools for trading on different cryptocurrency exchanges with their own expense or funds that they get for trust management. They are able to become investors themselves.
Investors: Transfer Assets and Gain Profit
Investors at MBN Global are participants in cryptocurrency market with digital assets, and they are willing to transfer these assets in trust management to successful traders as compensation for the increase of investors’ assets. Investors are interested in fund safety and deploy a reliable information of traders. Then, they choose the best traders to get the best return.
At a Glance: Benefits and Opportunities
The most potent innovation is not the cryptocurrency itself. Rather it’s the underlying technologies that support MBN platform. MBN Global offers the freedom and the flexibility required to trade cryptocurrencies with ease, including ensuring that both traders and investors are getting the best deals and benefits.
For All Traders
With just a simple internet connection, traders are able to access MBN platform and trade with a single trading terminal that supports various major cryptocurrency exchanges at the same time — through their own exchange accounts or accounts transferred to them in trust management by investors. While the Ethereum Smart Contract used by MBN Global provides unchangeable conditions of transaction for traders, it is also worth noting that they can fix the terms of concluded contracts to guarantee the completion of these conditions. What’s more, traders have the opportunities to offer their services on trust management to potential investors through MBN platform, and their commission fees are set for transaction at the moment of contracting.
It is for sure those mentioned are not the only benefits that demanding everyone’s attention. There is also a rating system based for all traders based on their auction bidding results, the higher a trader’s rating, the higher chance of an investor to entrust their cryptotcurrency trading in them. Here’s the best bit: the team at MBN Global is constantly striving together to propagate the capability and functionality of the platform: traders are able to configure their trading strategies; set parameters for future contracts, such as contract duration, target profit, and remuneration amount.
For All Investors
MBN Global is generated by a decentralized process that provides total safety and transparency of all transactions to investors. In this transaction between investors and traders, all transaction conditions are set in Ethereum Smart Contract and are unchangeable. MBN platform allows traders to trade with investors’ exchange accounts but they do not take control investors’ funds. The principles of API keys allow them only to trade with those funds, not making any withdrawals or transactions.
While MBN Global is making trading exchanges on the cryptocurrency market way more convenient by providing investors a single interface to work on several contracts of various cryptocurrency exchanges with traders, investors are now allowed to select the most successful or highly-rated traders for investment — to gain the most favorable profits. The complete information of traders is available for the selection of traders and profits of investors can be calculated in different currencies, i.e. Bitcoin (BTH), Ethereum (ETH), and US Dollar (USD).
Unlike many crytocurrency trading platforms, MBN Global has built an operating platform with reliable data on past profitability of traders’ commercial activities, confirmed by a hash sum of transaction saved in the blockchain. Therefore, despite the volatility of cryptocurrency, the ability of MBN platform to set restrictions such as stop-loss order, enables investors to have full control of the progress of the contract and automatically complete trades when stop limits are met, preventing further depletion of digital assets.
For the Crytocurrency Trading Ecosystem
If all exchanges were to use the MBN Global protocol, there would be interconnectedness across the network of cryptocurrency trading ecosystem. Traders and investors would no longer have to spend so much time trying to find the best exchanges that increase profits all around.
For the cryptocurrency trading ecosystem as a whole, MBN Global may be one of the best things happening to this digital age. Several of the MBN’s most notable benefits for this ecosystem include, but not limited to, the additional possibilities for investments; inflow of assets on the market from new investors; increased number and volume of transactions on cryptocurrency exchanges; increase in traders’ income and their quantity; and improvement of trust management reputation on cryptocurrency market.
On top of that, the requirements for entering a crytocurrency trading are rather lenient. All an investor has to do is to select his or her preferred trader and send him or her a request for trust management.
Join testing alpha-version of the platform!
Sonder L.
Team MBN Global.
