idap.io: Transforming Crypto Asset Market

clauming (7)in #cryptocurrency • 6 years ago

Introduction

Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving on the today's topic, the volatility of the current cryptography market has made it imperative to address the issue of risk management and coverage options for cryptographic assets without delay. Operators are free to take long and short positions and to bet both in the bull market and bear market, thus being able to diversify and optimize the performance of their portfolio, all thanks to the introduction of a very diverse and wide range of multiple derivative products based in cryptography, including Futures, Spreads, Swaps, Options and Crypto Indexes. On the other hand, the negotiation of these financial instruments deepens the liquidity of the market, stabilizing in fact the prices of the underlying cryptographic assets.

For this reason, the project I am going to present you is the International Digital Assets Platform (IDAP), a blockchain-based ecosystem that will be the integral solution for merchants. Taking advantage of all the advantages of the traditional commercial market and distilling them to adapt to the cryptocurrency landscape, the IDAP ecosystem will offer a boost to the cryptography market in the right direction. Our platform will redefine the operation of stock exchanges and, by attracting more operators through our diverse product offerings, we will expand the group of participants, promoting greater market liquidity and thus contributing to its overall growth. So, this is what the IDAP ecosystem for the crypto derivatives market has been built exclusively to achieve.

Video Presentation

Definition

The IDAP (https://www.idap.io/) is the first autonomous ecosystem based on block chains for the cryptocurrency derivatives market. Within this ecosystem are the IDAP Exchange, the IDAP desktop application with advanced trading tools and, most importantly, IDAP cryptographic derivatives, for trading and investment. Basically, it is designed to provide a complete Derivative Ecosystem for Cryptographic Assets, offering Futures, calendars and spreads of butterflies, options and swaps among the main trading products. idap.io exchange also supports cash transactions, P2P loans and ETFs. In addition, it is contributing a risk capital fund of ICO focused on individual investors.

Goals

The main objective of Idap is to become the most diverse cryptographic derivatives market for buyers and sellers, bringing together people and institutions that need risk management or seeking to obtain benefits through the acceptance of risks. In addition, IDAP aims to take advantage of the potential multi-billion dollar cryptographic derivatives market by creating the much-needed cryptographic derivative trading instruments and an advanced and easy-to-use legacy-style trading interface.

Main Features

Image	Feature	Description
	Institutional Grade Matching Engine	Supports DMA, CLOB & RFQ scenarios. FIFO & Pro-rata matching algorithm, supports multiple conditional & implied orders. Advanced risk control
	Advanced OMS & SOR	OMS with FIX interface. Order routing to multiple exchanges, ECNs, third parties trading systems
	Low Latency & High Availability	Servers across multiple regions, active geo replication, guaranteed 99.99% uptime, FIX 4.2/4.4 protocol for HFTs
	Security & Compliance	CCSS (Level 1) Cold wallet management, Insured hot wallets, OWASP & EU GDPR compliant
	Token Utility	Zero trading fee for ICO contributors. Permanent 50% discount on trading fee if paid in IDAP token. Listing and management fee in IDAP token
	Customer Oriented	User friendly UI, feedback driven product improvements, detailed FAQ and tutorials, 24x7 support

Tokenomics
The IDAP token is the WRC20 token based on Wanchain, the first and only interoperable blockchain in the world. It is a utility token and is an integral part of our platform.

Token: IDAP
Platform: Ethereum
Type: ERC20
PreICO price: 1 IDAP = 0.024 USD
Price in ICO: 1 IDAP = 0.03 USD
Tokens for sale: 750,000,000

Image	Advantage	Description
	Zero negotiation commission	Zero negotiation fee for life for ICO participants who buy 20,000 or more IDAP tokens.
	Discount in the negotiation commission	50% permanent discount on the trading commission if paid in the IDAP token.
	Management and Quotation Commission	The administration fee and applicable list will be charged in the IDAP token.
	IDAP token recording	20% of the IDAP tokens received as fees will be burned until the supply reaches 500mn.

Bounty program

The project gives the opportunity to earn IDAP tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?action=post;topic=4456375.14520) you can access the link in order to see what are the conditions to become an early IDAP contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://www.idap.io/docs/idap-io-whitepaper-v2.pdf). You can also stay tuned in their official Telegram group (https://t.me/idap_io). I hope you liked the post and soon I'll send you new ones.

Roadmap

Period	Event
Q4-2017 to Q1-2018	Ideation & conceptualisation of the IDAP ecosystem; Detailed research and analysis conducted; Core team built; Advisory board formed; Strategic partnerships made.
Q2-2018	Website launch and Lite Paper release; White Paper release; Community building; IDAP exchange platform development; Company registration in Estonia; Release of IDAP demo platform; License procurement for derivatives trading and asset management; Public voting for coins/tokens that will be listed on the live exchange; Start of token sale.
Q3-2018	Product architecture development and testing; Front-end development; Formation of banking partnerships for fiat integration; Derivatives market products testing; Advanced APIs integration and testing; Community building, token sale and IDAP Exchange marketing; Alpha release.
Q4-2018	Test run of platform features; Beta release of the platform; IDAP Exchange launched, supporting desktop, web & mobile apps; Listing of top voted coins/tokens on IDAP Exchange; Gathering of the ICO Venture Fund.
Q1-2019	Integration of extended product offerings; ETF integrated into IDAP platform; P2P lending functionality enabled; Crypto Indices integrated into IDAP platform; Customer feedback collection and analysis.
Q2-2019	IDAP’s ICO incubation services launched; New cryptocurrencies added to exchange listing; Evolved, improved and new product offerings based on customer feedback; Integration of live news tracking and analytics tools.