Coinlocally Crypto Service introduces new features, launches NFT Marketplace: review

Since its launch in Q1, 2022, the Coinlocally platform has been focused on pushing the barriers to cryptocurrency adoption among beginners and no-coiners. This next-generation crypto exchange service addresses this goal with its intuitive UX / UI and feature-rich toolkit.

In June 2022, Coinlocally inches closer to the most significant update in months, which is ready to unlock new opportunities for traders of all types. In the coming days, crypto enthusiasts will also be able to access the Coinlocally NFT marketplace to create, buy and sell their NFTs.

Coinlocally updates in an instant: New features and NFT marketplace

In early Q3, 2022, the Coinlocally platform will roll out its biggest update to date. The platform will upgrade the web interface and mobile application; The Coinlocally NFT marketplace release is in the cards.

So, what’s new in Coinlocally?

• Spot trading instruments are added to mobile applications and web interfaces;
• The futures trading module is activated in applications;
• Storage Dashboard is available in mobile applications and web interfaces;
• NFT Marketplace launches in July 2022.
• Coinlocally Coin (CLYC) Q4 of 2022.

Once this update is activated, Coinlocally is set to become a leader in the segment for beginner-friendly cryptocurrency trading and ecosystem storage.

Coinlocally launches its NFT Marketplace in July 2022

To be part of an ongoing NFT revolution, Coinlocally is releasing its own platform for experiences of digital collectibles, Coinlocally’s NFT Marketplace. It is set to be launched in the mainnet in July 2022.

Coinlocally, the NFT marketplace will be completely centralized: all operations will be verified on the chain to ensure fair and inclusive participation from all teams regardless of their mission and budgets.

The marketplace will be focused on embossing, storing and trading NFTs of world-class digital content creators. As such, Coinlocally’s NFT Marketplace will allow its customers to access premium and exclusive NFT collections by renowned artists. The marketplace will facilitate the entire cycle of NFT finance: customers will be able to create and operate their tokens seamlessly without leaving the platform.

The launch of this marketplace is a major milestone for Coinlocally, its global community and the entire Web3 ecosystem as a whole. To celebrate this massive achievement, Coinlocally will launch a massive early bird campaign on the NFT market.

During July 2022, all operations on Coinlocally’s NFT marketplace will be charged zero fees. This campaign is designed to introduce Coinlocally’s instruments to a wide audience of cryptocurrencies in different regions of the world. Embossing and selling NFTs has never been so resource efficient before.

Coinlocally adds new features to web interface and mobile application

From the 3rd quarter of 2022, new and existing customers of Coinlocally will be able to promote their trading and investment experience with new features added by the team.

First and foremost, spot cryptocurrency trading instruments are now enabled in both mobile applications for Android and iOS based smartphones and laptops. That said, traders will be able to trade their beloved assets on the go and from home, in the office and so on.

Spot trading on Coinlocally is accessible through intuitive and feature-rich interfaces. Thus, Coinloally’s spot trading module looks attractive to both cryptony beginners and professional traders of digital assets.

The Coinlocally team then added a futures trading module to mobile applications. In the Coinlocally Futures section, traders can profit from price fluctuations in both directions with attractive influence. This opportunity is risky; But in the midst of increased volatility in the cryptocurrency market, it allows traders to increase profits. In bear markets, traders can also benefit from trading short positions.

For beginners in cryptocurrency, the Coinlocally Futures trading module can be the first experience of trading with influence. In the Futures section, contracts on Bitcoin (BTC) are available along with all common altcoins – Ether (ETH), XRP, Litecoin (LTC), Polygon (MATIC), etc. – and US Dollar Tether (USDT) stablecoins.

Last but not least, a cryptocurrency savings module has been added to both the web interface and Coinlocally’s two mobile applications. Unlike most savings and staking dashboards, Coinlocally’s dashboards offer seamless and beginner-friendly passive income instruments to cryptocurrency holders.

Coinlocally savings module offers flexible lending programs with high APYs. Coinlocally users can seamlessly transfer their tokens to savings accounts with zero extra commissions. As in the spot and futures trading modules, Coinlocally savings accounts work with Bitcoin (BTC), the most capitalized stable currency, the US Dollar Tether (USDT), and a wide range of large altcoins.

To make the Coinlocally experience more attractive and rewarding, the platform introduces its NFT Marketplace and first native token, Coinlocally Coin (CLYC).

Coinlocally introduces one-stop utility token for its instruments: What is CLYC?

Coinlocally will release its groundbreaking asset, Coinlocally Coin (CLYC), on July 1, 2022. The token will be unveiled through the first coin offering campaign (ICO), the oldest token sales method in Web3.

In total, the protocol team will issue 1,000,000,000 CLYC tokens. This delivery is final and will not be increased under any circumstances. The CLYC token will be issued as a BEP-20 token on BNB Chain, a programmatic blockchain of the world-leading crypto exchange Binance (BNB).

To ensure fair, democratic and inclusive participation, Coinlocally sets one award for all participants in the upcoming ICO. One Binance coin (BNB) will be equal to 55,000 CLYC tokens; as such, 1 CLYC will be worth approximately $ 0.004. CLYC tokens will be available on Coinlocally’s main website.

CLYC tokens will be integrated into various Coinlocally services. To begin with, since Q3, 2022, CLYC tokens will be accepted in the platform’s bet module along with a few other tokens.

In Q1, 2023, the CLYC token will be moved to a blockchain hosted by itself with the support of smart contracts. CLYC will also be integrated into Coinlocally trading instruments along with Bitcoin, Ethereum, US Dollar Tether (USDT) and so on. Since Q2-Q3, 2023, CLYC tokens will be integrated into futures and margin sections of the Coinlocally trading toolkit.

In Q4, 2023, CLYC tokens will be integrated into Coinlocally’s decentralized cryptocurrency exchange (DEX). In 2023, CLYC tokens will also be added to Coinlocally’s Peer-to-Peer (P2P) market and one-click Coinlocally Convert instrument. Coinlocally Convert will be the easiest way to buy cryptocurrencies suitable for traders with basic crypto and blockchain expertise.

We introduce Coinlocally, an endpoint for crypto trading for beginners and professionals

With this update, Coinlocally develops into a go-to ecosystem for spot and futures trading with cryptocurrency, savings, exchanges and efforts.

Trade and savings

Coinlocally’s trading dashboard looks like that on a Tier 1 cryptocurrency exchange. It demonstrates real-time price charts, an order book, order history and a module for placing market and border orders on clicks.

In a spot trading module, over 100 assets are available, including such as cryptocurrencies Bitcoin and Ethereum, new DeFi coins AAVE and 1INCH, leading PoS cryptocurrencies Cardano (ADA) and Polygon (MATIC), premium USD-fixed stablecoins USDT, USDC, TUSD, GUSD and so on. Coinlocally also accepts leading fiat currencies such as USD, EUR, TRY, IDRT and GBP.

In the savings module, crypto holders can lock their assets for a predetermined period to receive periodic payments on their dormant cryptocurrencies.

Referrals and affiliate program

To allow users to monetize their influence on social media, Coinlocally launched a multi-level referral program. For each referral invited, Coinlocally users can receive up to 40% of their total trading commissions. All traders who join Coinlocally through the referral program can also use the platform with double-digit discounts on trading fees.

Also for traders with a large audience on social networks (5000+ followers for social media accounts or 500+ members for the trading community), Coinlocally introduced an attractive and rewarding affiliate program. Affiliate program managers can receive up to 40% off trading fees from invited users.

Airdrops and trade tournament

Coinlocally infrastructure can be used for airdrops and trade tournaments. For example, in Q1, 2022, Coinlocally organized a COTI airdrop for Binance (BNB) users. A total of 114 million COTI tokens were distributed among the participants in this airdrop.

In addition, the Coinlocally community participates in Binance’s trading tournaments. It includes traders with 500+ USDT in trading volume in 2022. The best traders get extra rewards from the Coinlocally platform (up to 500 Binance USD [BUSD] stablecoins).

The bottom line

Coinlocally, a multi-product novice-friendly cryptocurrency ecosystem, is undergoing a major upgrade: it includes the launch of spot and futures trading in applications and web interfaces.

In addition, the team is getting closer to the ICO to its first native asset, Coinlocally Coin (CLYC). Token sales start July 1, 2022 on Coinlocally’s official website.