XTRD — Unifying Cryptocurrency Exchanges

novikov433 (27)in #blockchain • 6 years ago

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The most important problem in the trading of crypto-currencies are high commissions, slow transaction speed, and also slippage. To solve such problems, accounts are usually opened on several exchanges, thus allowing you to choose the most liquid rate, which is the most stable from the point of view of that analysis. This solution is obsolete, because hackers are finding new vulnerabilities, through which they can hack accounts with viruses and intercept transactions. Typical exchange commissions are in the 0.1% — 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking in bid and ask spreads maintained by the exchanges.To solve problems with the commission, we have to expose a longer processing time for the transaction, but this decision is very expensive, since the exchange rate can significantly change its previous value and we will receive a loss. This situation needs to be changed, since the more people, the slower and more expensive the transaction. To solve problems with the commission, the team of developers with many years of experience TECHSPECS has developed a completely new algorithm that solves the problems of high commissions by reducing the use. such an algorithm solution will reduce the commission from 10 to 0.4% and that the most important thing is to unload the entire network, the commission fee is even less!

XTRD IS LAUNCHING THREE SEPARATE PRODUCTSN SEQUENTIAL STAGES TO SOLVE THE ONGOING PROBLEMS CAUSED BY HAVING SO MANY DISPARATE MARKETS: LOW PER-MARKET LIQUIDITY, UNFAMILIAR INTERFACES THAT LAG BEHIND FINANCIAL INDUSTRY STANDARDS, AND DECENTRALIZED EXECUTION IN CRYPTO.

To ensure that large fund participants and institutional investors do not overload the network, the time-proven Financial Information eXchange (FIX) algorithm will be installed. It will allow in real time to unload their lots, as well as reduce their commission costs. The current solution will allow to make a centralized server that takes decentralized data from independent sources, eliminating all the main problems inside the system. The current solution will allow to make a centralized server that takes decentralized data from independent sources. This technological solution will solve the most important task — now it is not necessary to look for a stock exchange, eXchange platform itself will find the lowest commission, fast transactions, and the best price. XTRD will generate revenues via execution fees, market data sales, VPS services, software licensing, and other ancillary income streams. Trading fees will be collected through the cryptographic economy, facilitated by the XTRD token. XTRD is an ERC20 compliant utility token generated on the Ethereum blockchain and will be used as a means of payment by trading participants for services provided by XTRD.

XTRD will utilize the funds generated form the token generation event to:

•Facilitate the creation of the FIX API and XTRD GUI platforms;

•Maintain a large balance sheet allowing for cross-exchange execution with XTRD SPA;

•Make markets in multiple crypto currencies to minimize spreads and increase liquidity for market participants;

•Employ legal and compliance teams to ensure regulatory compliance and proactively engage with regulators;

•Onboard sales and marketing teams to develop a client base;

•Create a venture arm to seed emerging trading technologies in the crypto execution space deemed complementary to XTRD’s mission.
Why does the project have no competitors, and it is the first who is ready to become the main center of the auction?

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To speed up the work of the system, VPS will be used, which will allow you to reduce the latency between exchanges! The project looks very promising, as it will attract institutional investors with millions of portfolios.
Road map

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