Coinlocally Crypto Service Introduces New Features and Releases NFT Market: Review

Since its launch in Q1 2022, the Coinlocally platform has focused on removing barriers to cryptocurrency adoption by novices and non-coin makers. This next-generation crypto exchange service fulfills this purpose with its intuitive UX/UI and versatile toolkit.

Photo by Coinlocally

In June 2022, Coinlocally is approaching its biggest update in months, which is poised to unlock new opportunities for all types of traders. In addition, crypto enthusiasts will be able to access the Coinlocally NFT marketplace in the coming days to mint, buy and sell their NFTs.

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Coinlocally Updates at a Glance: New Features and NFT Marketplace

At the start of Q3 2022, the Coinlocally platform will roll out its largest update to date. The platform will develop its web interface and mobile application; the Coinlocally NFT market release is in the cards.

So, what’s new in Coinlocally?

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  • Spot trading tools are added to mobile apps and web interface;
  • The futures trading module is enabled in the apps;
  • Backup dashboards are available in mobile apps and the web interface;
  • The NFT market will go live in July 2022.
  • Coinlocally Coin (CLYC) Q4 of 2022.

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

Coinlocally will launch its NFT Marketplace in July 2022

To be part of an ongoing NFT revolution, Coinlocally is launching its own digital collectibles platform, Coinlocally’s NFT Marketplace. It is set to launch on mainnet in July 2022.

The Coinlocally NFT marketplace will be fully centralized: all its activities will be monitored on-chain to ensure fair and inclusive participation of all teams, regardless of their missions and budgets.

The market will focus on NFT mining, storage and trading by leading digital content creators around the world. For example, Coinlocally’s NFT Marketplace gives its customers access to premium and exclusive NFT collections from renowned artists. The Marketplace will facilitate the entire cycle of the NFT economy: its customers will be able to seamlessly create and mine their tokens without leaving the platform.

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

In July 2022, all transactions on the Coinlocally NFT market will be charged for free. This promotional campaign is designed to introduce Coinlocally tools to a broad cryptocurrency audience in different regions of the world. Mining and selling NFTs has never been more resource efficient.

Coinlocally adds new features to web interface and mobile app

From the third quarter of 2022, new and existing customers of Coinlocally will be able to improve their trading and staking experience with new features added by the team.

First and foremost, cryptocurrency spot trading tools are now enabled in mobile apps for Android and iOS smartphones and laptops. That said, traders will be able to trade their favorite assets on the go and from home, office, etc.

Spot trading on Coinlocally is available through intuitive and versatile interfaces. Coinloally’s spot trading module thus looks appealing to crypto newbies as well as professional digital asset traders.

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Photo by Coinlocally

Next, the Coinlocally team added a futures trading module to the mobile apps. The Coinlocally Futures section allows traders to take advantage of price swings in both directions with attractive leverage. This opportunity is risky; however, in a context of increased volatility in the cryptocurrency market, this allows traders to increase their profits. In addition, bear market traders can also benefit from trading short positions.

For cryptocurrency beginners, the Coinlocally Futures trading module can be their first leveraged trading experience. In the Futures section, Bitcoin (BTC) contracts are available alongside all traditional altcoins – Ether (ETH), XRP, Litecoin (LTC), Polygon (MATIC), etc. – and the US Dollar Tether (USDT) stablecoins.

Finally, 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 dashboard offers transparent and beginner-friendly passive income tools to cryptocurrency holders.

The Coinlocally savings module offers flexible loan programs with high APYs. Coinlocally users can seamlessly transfer their tokens to savings accounts with no additional commission. As in the spot and futures trading modules, Coinlocally savings accounts work with Bitcoin (BTC), the most highly capitalized stablecoin, US Dollar Tether (USDT) and a wide variety of major altcoins.

To make the Coinlocally experience more engaging and rewarding, the platform is introducing its NFT marketplace and its 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 is expected to be unveiled through the Initial Coin Offering (ICO) campaign, which is the oldest method of selling tokens on Web3.

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

To ensure fair, democratic and inclusive participation, Coinlocally sets a price for all participants in the next ICO. One Binance Coin (BNB) is equivalent to 55,000 CLYC Tokens; as such, 1 CLYC will be worth about $0.004. CLYC tokens are available on Coinlocally’s main website.

CLYC tokens will be integrated into various Coinlocally services. For starters, from Q3 2022, CLYC tokens will be accepted in the platform’s staking module, in addition to a few other tokens.

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Photo by Coinlocally

In the first quarter of 2023, the CLYC token will be moved to a self-hosted blockchain with support for smart contracts. CLYC will also integrate with Coinlocally trading tools along with Bitcoin, Ethereum, US Dollar Tether (USDT) and so on. From Q2-Q3 2023, CLYC tokens will be integrated into the futures and margins sections of the Coinlocally trading toolkit.

In the fourth quarter of 2023, CLYC tokens will be integrated into Coinlocally’s decentralized cryptocurrency exchange (DEX). In addition, in 2023, CLYC tokens will be added to Coinlocally’s Peer-to-Peer (P2P) marketplace and Coinlocally Convert one-click instrument. Coinlocally Convert is the easiest way to buy cryptocurrency suitable for merchants with basic knowledge of crypto and blockchain.

Introducing Coinlocally, a crypto trading terminal for beginners and professionals

With this update, Coinlocally is evolving into a go-to ecosystem for spot and forward cryptocurrency trading, savings, exchange and staking.

Trade and save

Coinlocally’s trading dashboard resembles that of a Tier 1 crypto exchange. It features real-time price charts, order book, order history and a module for placing orders with one click on the market and at a limited price.

More than 100 assets are available in a spot trading module, including crypto heavyweights Bitcoin and Ethereum, new DeFi coins AAVE and 1INCH, major PoS cryptocurrencies Cardano (ADA) and Polygon (MATIC), first-class stablecoins USDT, USDC, TUSD, GUSD and so on . In addition, Coinlocally accepts major fiat currencies such as USD, EUR, TRY, IDRT, and GBP.

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

Referrals and Affiliate Program

To enable its users to monetize their social network influence, Coinlocally has launched a multi-level referral program. For each guest referral, Coinlocally users can earn up to 40% of their total trading commissions. In addition, any trader who joins Coinlocally through the referral program can also use the platform with double digit trading discounts.

In addition, for traders with a large social media following (5000+ followers for social media accounts or 500+ members for the trading community), Coinlocally has introduced an engaging and rewarding affiliate program. Affiliate administrators can receive up to 40% of the trading fee from guest users.

Airdrops and trading tournament

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

In addition, the Coinlocally community participates in Binance trading tournaments. It onboards traders with trading volume above 500 USDT in 2022. Top traders will get additional rewards from Coinlocally platform (up to 500 USD Binance [BUSD] stable coins).

At the end of the line

Coinlocally, a beginner-friendly, multi-product cryptocurrency ecosystem, is getting a major update: it includes the launch of spot and futures trading in apps and web interfaces.

In addition, his team is getting closer to the ICO of its first native asset, Coinlocally Coin (CLYC). The token sale will start on July 1, 2022 on the official Coinlocally website.

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