Level01 Derivatives - Article 2

in #blockchain3 years ago

I hope you enjoyed my first article about Level01 Derivatives. If you have not read it yet, please be sure to have a look at it first. For new readers, Level01 is a platform for trading derivatives such as options between individuals with no broker involvement. This is made entirely possible with smart contracts on blockchain and the LVX token. In this article, I will go over some new topics that I did not cover in my last article.

First, I will make some comparisons about how Level01 is different from typical brokerage accounts, and how it is better. With a normal brokerage account, the company has access to all of your account information, your privacy information, and all of your funds. With Level01, no one has access to any of this except yourself. This is because you are in complete control of everything yourself, with everything secured on the blockchain. Another difference is complete transparency regarding trade settlements. On blockchain, the exact transaction is viewable by the public with no chance for misrepresentation. An additional benefit over a broker is instant withdraw of any profits. This is one of the best things about using blockchain. It allows for extremely fast transfers of assets. Compare that to waiting sometimes a week or more using a traditional brokerages ACH transfer or check withdrawal. Other great advantages of blockchain are low fees for transactions, along with very transparent costs. Everything is very open for you to see. Many brokers have long lists of various fees that can often be well hidden and confusing.

The Level01 trading platform is being designed with ease of use in mind. It will allow direct interaction between parties. Asset selection will be made simple using a dropdown category menu button. A wide variety of assets will be made available for trading including cryptocurrency, forex, and stock derivatives. After selecting the asset, users will be able to see a list of all available live contracts. Information can be sorted by strike, expiry, value, and position. An investor can also create a new option contract to put into the marketplace by defining the desired parameters. It will then be available for anyone to see. At the time in which a contract is matched to another person, all details are sent to the blockchain smart contract. Permission is needed from both sides of the agreement before handling of funds and trade settlements can take place. These trades and contract searches can take place on a web application or a mobile application, making it very versatile and convenient to use.

The Level01 token has the symbol LVX, and this is used within platform and ecosystem for numerous functions. The token will be used for trade settlements, and investors may also stake the tokens for trading events. There is a limited supply of the LVX token as well. Jonathan Loi is the founder of Level01. He has extensive experience in product design and growing a company. Below this article, I have listed a few links that may be of interest should you like to learn more about the company and its plans for development.


whitepaper: https://level01.io/wp-content/uploads/2018/06/level01_whitepaper_final1-2.pdf

bounty: https://bitcointalk.org/index.php?topic=4776518.0

my bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457


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