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The CoinLock MatchEngine is an online marketplace where individuals can access many different cryptocurrency services that make coins more useful. Individuals can also use the MatchEngine to enter Protect and Turbo Trading positions.
A Turbo Position on the CoinLock MatchEngine allows you to profit when the value of a cryptocurrency goes higher. You match up with capital from another user, and you will reap all of the rewards or suffer from any losses of the combined positions.
A Crypto Container on the CoinLock MatchEngine is an amount of cryptocurrency whose exact amount is stabilized regardless of market fluctuations. You enter it if you'd like to protect your cryptocurrency from any price drops, without having to sell your coins. Once stabilized, you can now send exact amounts for payments.
The CoinLock MatchEngine connects Protect Traders and Turbo Traders together to provide benefits to each. Turbo Traders insure that the value of the Crypto Container stays the same up to the amount of money in the Turbo Trader's account. Protect users provide the Turbo Traders with the extra money to obtain increased buying power when it's believed that a certain cryptocurrency will rise in value.
Turbo positions go up when the underlying digital coin goes up in value.
There are no extra fees on the Turbo Trader's capital. However, 20% of any profit from the Protect Container's matched capital are automatically invested into the LOCK coin from other users across the community. A user can then choose to hold onto this investment or sell it.
LockCoins are the bonus cryptocurrency for using the CoinLock platform. LockCoins are used to pay and distribute fees user-to-user from successful trades. LOCK coins can also be bought and sold on the MatchEngine.
The LockCoin price is based on its supply. More LockCoins are purchased on the MatchEngine as traders close successful trades. The price tiers are in predetermined increments. You can see the real-time price on the website at CoinLock.com.
When LockCoins are sold on the CoinLock MatchEngine, there is a 2.9% transaction fee assessed.
CoinLock doesn't offer any coins for sale. All coins come directly from other community members using a stochastic order book.
The Marketplace is an order book where anyone can buy or sell price-protected cryptocurrency from other community members with no fees or commissions. We call these Protected Containers. This unique feature allows participants to enter or exit cryptocurrencies easily and without costs. It's part of our pledge to try to make all of cryptocurrency free.