The Coinversation Protocol is a synthetic asset issuance protocol and decentralized contract trading platform based on the Polkadot contract chain. It uses the Coinversation Protocols native token, CTO, issued alongside Polkadot (DOT), as collateral to synthesize any cryptocurrency or assets such as stocks, bonds, gold, and other off-chain assets through smart contracts and oracles. Users can mint a specific synthetic asset, such as the US dollar, and automatically hold a long position in that asset by staking CTO or DOT. Users can also convert minted assets into other assets via the trading platform, enabling them to short one asset while going long on another.