Coinversation

About

Coinversation Protocol is a synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles.

Users can forge a certain synthetic asset by collateralizing CTO or DOT, such as U.S. dollars, and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user's liabilities has been determined at the time of forging, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in decentralised exchange(DEX).

Auctions & Crowdloans

Crowdloan: review crowdloans

Funds raised: 10 880 DOT ($241 206)

Contributions: 324

Reward: 1 DOT : 3.75+ CTO

Reward pool: 22.5m of 100m (22.5%)

Primary Token:

CTO

Price: $0.114

Total Supply: 100 000 000

Trading Vol: 24: $11 235

Crowdloan Reward Pool:

22 500 000 (22.5% of Total Supply)

Investors

• 7 O'Clock Capital
• CatcherVC
• Crypdot capital

Partners

• ChainLink
• DoraFactory
• MathChain
• Patract
• Tidal Finance
• Phala Network
• Crust Network
• Clover Finance
• Astar
• Shiden Network

Based on the stablecoin protocol of interest-bearing assets built on the Polkadot, using $DOT and $CTO issued by Coinversation to generate interest-bearing tokens, CUSD is synthesized through smart contracts. Users can mint CUSD by collateralizing tokens that can generate interest, such as CTO and DOT. Bridging USDT, USDC, and BUSD to the Coinversation to form the largest stable currency exchange platform in the Polkadot ecosystem. We will open the API to facilitate all parachains to access our stable currency exchange system and facilitate all chains users can seamlessly use Polkadot's cross-chain protocol

The CUSD generated by the whole system users mortgaging certain collateral. The collateral includes interest-bearing tokens such as CTO and DOT, and users can choose the proportion of CUSD they need to exchange. If stable currency is used as collateral, because it is an interestbearing product, its leverage ratio will continue to decrease and it will never be liquidated.

When users put in interest-bearing tokens and generate interest automatically. We will charge a certain percentage of the fee for the interest-bearing part, which we will vote on the chain to determine our percentage. This income will give dividends to $CTO collateralized users, and later we will bind with nodes and distribute rewards to users who vote for nodes. The fee for stable currency exchange will also enter the platform revenue.

We will award $CTO to:

• Users who form 3USD LP with BUSD USDC USDT on Coinversation.

• Users who form CUSD+3USD LP

• CUSD-CTOLP users

• Users who stake $CTO

The liquidator on the chain can become our liquidation robot. He will receive 5% of the total amount of liquidation as a reward. Anyone can participate in our liquidator. If bad debts occur, we will repay the entire mortgage system from the platform revenue.

Coinversation will reserve 22.5% of the tokens for the Polkadot Parachain auction. This parachain will be used for the NFT and financial derivatives ecology, a scalable NFT protocol and financial derivatives platform based on Substrate.

• 2020 Q4~2021Q4 : Fragmentation protocol, DEX, and synthetic assets have all been developed
• 2021 Q4~2022 Q1 : Participate in Polkadot Parachain auction and deploy our parachain on Polkadot
• 2022 Q2~2022 Q4 : Launch Dex, interest-bearing asset protocol with stable currecies

Coinversation Protocol was founded by a Ph.D. team in economics in the United States. It also has a technology development and operation team in China, with members from Alibaba, Ant Financial, Peking University, and other first-line technology companies and universities.