Counos Platform

COUNOS COINS is a platform that enables buyers and sellers not only meet but also communicate and transact with each other. Its core decentralized application (DApp) comprises of an open-source HTML and JavaScript app. DApp creates a user-friendly setting which accords sellers a means to come up with, manage, validate and even publish listings.

PROS:

• The platform is based on cryptographic evidence, and not trust, and hence allows two unfamiliar willing parties to transact securely.
• It introduces a central reliable mint whose work is to check every transaction to ensure there is no mischievous duplication of coins.
• Counos Coins begin with a timestamp server which provides strong legal evidence that the transactions that occurred have not been altered.
• Being a decentralized network, all nodes in the platform maintain a copy of all transaction history and a full ledger will be safeguarded to each node.
• It contains incentives that motive users to remain honest.
• The team has an outstanding combines experience in crucial platform areas like financial services, technology, and marketing.
• The whitepaper is presented in simple and easy-to-understand language. There is no widespread of jargon and difficult terminologies.

CONS:

• The platform still does not have an excellent solution for devolved of blockchain data
• The whitepaper is brief in some vital areas does not include financial projections, ICOs, and visual aids
• Compatibility of system coins with other digital currencies and fiat currencies is not available.

SUGGESTIONS:

• The ream should work on establishing effective engineering solution for the centralized search of blockchain data prior to launching Initial Coin Offer.
• The whitepaper should be expanded to cover all the areas of the platform such as anticipated proceeds from ICO and how the same will be distributed.
• Knowing how much the system coins will exchange for other digital currencies will go a long way in convincing potential investors to invest.

NOTE:

The platform seems to be in the proposal stage and not ready to kick off. Important information like the dates for ICO as well as how much will be floated and how the same will be distributed, is still unavailable. Until and unless these concerns are addressed I will not invest in the system.