InziderX Exchange Characteristics!

in #ico6 years ago (edited)

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“The ideal exchange is a decentralized one where the transactions are done wallet to wallet (Dapp). Thus, there are no significant accumulations of funds in a single wallet that could tempt a hacker. This type of exchange is therefore secure by design.

The reason is simple : hacker is a “game” of trial and error that takes a lot of time. Therefore, it is normally useless for a hacker to waste time and risk accusation to perform a task that pays little.

This feature has several advantages.

Basic Features

No registration & verification

It is not necessary to register for the exchange and wait for endless checks of his identity. The portfolio, which is itself the decentralized exchange, is accessible to all by a simple download.

No restriction or limit

There are no restrictions or minimum deposits to open a wallet of digital assets and the same is true for the use of a wallet-based decentralized trading platform.

There is no need to make a deposit to trade or withdraw the funds from the exchange to secure them. The balance of the wallet is always accessible and safe. There is no daily withdrawal limit like several decentralized exchanges.

Not regularized

This type of exchange is less sensitive to regulations governments changes and moods. By its very structure, being based on the wallets that communicate with each other by a decentralized blockchain, there is no fixe server that can be closed or controlled by an external entity.

Anonymous

Since it is not necessary to provide personal information when opening a wallet, the information about user’s transactions that are made on the blockchain are completely anonymous.

Multicurrency

Obviously, since the exchange offers the negotiation of digitals assets with the largest capitalizations, the portfolio is multi-currency and user-friendly.

Advanced features

The concept of the InziderX exchange have a focus for active and algorithmic negotiation.

Exchange between assets

It allows the exchange without margin, the exchange between the funds already in the account.

Example BTC for another digital asset, let say LTC. The conversion of the first BTC value is converted in LTC.

Trading with margin

Margin trading is the option usually used by actives and algorithms traders or with because it allows taking positions without selling the assets holds in the accounts. This feature is essential in order to allocate trading power to multiple positions at the same time.

Short Selling

Margin trading also allows shorting selling of digital assets. For example, a trader can borrow 1 BTC from another user in order to sell it to another trader and take advantage of the decline in the price of that asset. When the short sale position is closed, the 1 BTC is returned including financing fees.

Margin funding

These features are available through margin funding. The margin can be financed from its own funds or provided by other users of the InziderX exchange.

These users can use the dormant balance in their portfolio to provide margin funding to other traders who use leverage. An advantageous option for those who do not want to negotiate but wants to put their stack at work.

Type of orders

The novice trader is certainly not aware, but for the active trader, it is sometimes frustrating not to have access to the types of orders traditionally offered on the FX trading platforms.

Types of orders available

  • Market

  • Limit

  • Stop

  • Limit-stop

  • Complex market order including stop and limit

  • Complex limit order including stop and limit

  • Trail-Stop

  • OCO — one cancel the other

  • Order in scale : divided into several levels and sizes

Complex orders

The major difference here is that the digital asset trading platforms currently available do not offer complex orders; an order to which other orders are associated and executed in sequence.

It is difficult to manage pending positions without having a specific level of maximum loss and take profit. This type of order is a basic option offered on all the foreign exchange (FX) trading platforms. It’s difficult to understand why digital asset exchanges have not replicated this model, if not to disadvantage the users.

Without this type of complex order, it’s necessary to wait for the execution of the limit order before being able to place the orders of maximum loss and take profit.

Otherwise the take profit order (TP) could be triggered even before the execution of a limit entry order is triggered. This would have the effect of initiating a short sale position where the user actually wanted to take profits. An annoying situation.

The lack of a complex order causes unnecessary complications and stresses to the negotiators, regardless of their level of expertise.

Aggregated Orders or not (FX)

Another popular digital asset trading practice is to create an average price when multiple positions are taken on the same assets.

Example: purchase of 0.5 BTC at $ 10,000 and purchase of 0.5 BTC at $ 15,000 = average price of 1 BTC at $ 12,500.

The novice user certainly does not distinguish between an order accumulated or not, but for the experienced negotiator, who is often used to the exchange market, this practice is annoying.

These traders are used to take multiple positions at different prices and setting the appropriate gain and loss levels for each position.

Having to evaluate at any time by a mental calculation or by hand if a position is positive or negative according to its transaction history is a useless exercise and once again inconvenient.

Decision time is a critical factor for any active negotiator and this complication doesn’t help.

The InziderX trading platform will include this option : aggregated orders or not (FX) to serve its users in the rules of the art.

Hedging

The non-aggregated order option combined with the margin financing option allows for Hedging –taking opposite positions on the same digital asset. So it’s possible to initiate a buying position at a level and then initiate a new sales position to another level on the same asset.

The aggregated order type does not allow this option because the second short position would have the effect of canceling the buyers position.

Without going into the details of possible strategies with this option, the InziderX platform will allow hedging to favor the most complex trading strategies.

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Analysis Chart

Our team wants to offer the most fluid and user-friendly trading experience possible, which is why we chose to integrate Tradingview.com analytics charts into our decentralized trading.

Tradingview is a platform for viewing quotations of digital assets that offers excellent graphics quality and an impressive number of tools to facilitate analysis and position taking.

It does not matter if the user simply wants to take a quick look at the chart or make a more complex analysis including several indicators; all tools are available for this purpose.

The Tradingview graph platform is therefore user-friendly for both novice and experienced traders.

Raw Benefits

  • Several types of graphics are available: Bar, Candles, Renko, Kagi, Line Break, PnF

  • It is possible to deploy multiple graphics on one screen

  • Varied choice of graph time from month to minute

  • Quality history

Tracing tools

This chart platform contains more than 50 tracing tools from the simplest to the most advanced analysis such as : trend line, alan andrew pitchfork, fibonnacci ratio, harmonic figures, Elliott waves, R/R calculator, personal annotations directly on the chart, etc).

For an active trader who uses technicals analysis to refine his decisions, those tools are invaluable.

Indicators and oscillators

TradingView include over a hundred indicators and oscillators in its platform. These cover the most popular concepts and indicators to the most experienced and can be calibrated to the taste of the user to personalize his analysis. He can even save his configuration in order to apply his model to several assets.

Notifications

One of the most useful features is the alerts that can be received via email, SMS or just visual and sound. These alerts are triggered according to the criteria chosen in advance by the user and can be based on a price level but also on a level of indicator. Example RSI 14 on the daily chart of BTC / USD is under level 20: alert ! This would theoretically be a good buy level.

Other options

This analysis platform also includes basic options such as a rating table where you can save your favorites and make a list and a section delivering the latest market news and an economic calendar.

Execution table

The execution table includes all the elements necessary for analysis in one look. It includes

  • A clear and detailed graph

  • A list of quotations with choice of favorites

  • A table to enter orders

  • A list of assets in the portfolio

  • The leverage and the amount available depending on the balance.

  • A list of margin positions and the cost of financing

  • A list of pending orders.

  • The latest transactions processed in real time

  • The Order Book — Level 2

The chart allows you to see open positions, pending and alerts. It is possible to change the price or level of an alert simply by moving a marker on the graph.

Negotiation with Algorithms — API

During the last 10 years, we have witnessed a revolution in the world of trading by the appearance of algorithms that can execute strategies without human intervention.

To the point where, at its best in 2010, algorithmic trading accounted for 60–70% of trading volume in the US equity market. This trend is not likely to fade and it is hard to gauge the percentage of algorithm use in the over-the-counter (OTC) markets such as the foreign exchange and digital asset markets.

This is why the InziderX exchange will focus on this type of negotiation by providing all the necessary tools for the smooth execution of these scripts.

An API with clear and detailed controls allowing all the types of actions necessary to take a position and modify the orders will be developed by our team.

Limited access will be established by an encryption of the keys necessary to access the API.

These will be able to select the information that can be access and possible actions such as:

  • Balance account

  • Historical

  • Order pending

  • Position statement — exchange, margin and / or financing

  • Possibility of withdrawal

Earlier compatible version

The success of a trading platform has often been the responsibility of the community that supports it. The Metatrader4 platform is a good example where few of its users have migrated to the new version — Metatrader5.

The reason is simple : thousands of indicators and algorithms were created for this platform and when the new version was released, all those lines of code were no longer applicable ..! An uncomfortable situation for a trader who has been using the same tools for a long time.

The InziderX exchange will focus so that its API advances are always compatible with the previous version. And if, in a case of impossibility, will provide clear instructions on how to modify the code to make it compatible. Our commitment is reassuring for those who use algorithms to execute their negotiation.

Our focus on developing this quality tool and keeping it up to date is a guarantee of confidence for these traders.

Negotiable Assets

The InziderX exchange does not seek to be a ICO launching platform. The focus is on the active and fluid algorithmic trading of digital asset with the largest capitalizations.

Several reasons are involved. An active trader is usually not interested in keeping a long-term position. The dramatic variations in new issues of digital assets, particularly the ECR20 token, are therefore not desirable and appropriate.

The BTC / USD pair has an average volatility of 10% per day. In fact, the average volatility of the ten digital assets with the largest capitalization is 5 to 10%. These variations are ample for anyone who wants to buy or sell at discounted prices and get out at extended movement.

In addition, if volume is an important consideration for smooth execution, a tight spread and almost no slippage, it makes no sense to enter non-liquid assets.

This is why our exchange is committed to keep more or less the twenty (20) digital assets with the largest capitalization.

List of planned assets

BTC / LTC / ETH / BCH / DHS / XMR /XRP / USDT / INX / ADA

XLM / MIOTA / NEO / NEM / QTUM / LSK / BTG / ZEC / BCN / ZEC

USDT

The USDT asset will allow other assets to be traded in pairs at a price that is known to traders, as it is sometimes difficult to evaluate the value of a pair such as XMR / BCH or DHS / INX.

A visual conversion of the value of all assets will be available in USD and other fiats through an option and will allow the rapid valuation of asset values.

INX

INX assets is the tool with which the InziderX exchange intends to finance its projects and offer a discount to users that cover their transaction fees with INX.

Token ERC20

Some ERC20 Tokens will be included in our list and will be evaluated according to their capitalization such as other altcoins. The EOS token is a good candidate.”

#ico #exchange #bitcoin #cryptocurrency #inziderx https://inziderx.io

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