XTRADE (XTRD) - Unifying Cryptocurrency Exchanges
PRESENTATION
XTRADE is a platform for trade in crypto-currencies, solving existing problems of more than 60 broken and decentralized pools of liquidity and providing safe, modern trade for participants in cryptographic markets around the world. XTRADE will function as a provider of performance technologies for trading. The platform provides price transparency, higher liquidity, low slippage, fast execution, low cost, trading multiple markets with one account and much more.
They also came up with a few simple solutions that additionally make them very special. It goes through three stages.
The first stage has already been implemented. FIX API - financial information protocol eXchange (FIX) as a "universal" language for international financial transactions, provides interaction with brokers, stock exchanges, mutual funds, investment banks and market participants through a universal format.
The second stage with the implementation in 2018 is the launch of XTRADE PRO, a reliable, multi-reverse stand-alone trading platform for active traders. Will include applications that are used to manage trading through several trading asset management systems. Includes extended consolidated order books, input orders for hot keys and custom order types with 24-hour uptime.
At the third stage, the liquidity and mediation program XTRADE SPA will be included. Its task is to promote partnerships with existing exchanges to minimize regulatory barriers. This will allow you to trade at the best price with the lowest possible transaction costs, as well as the ability to exchange crypto currency with just one account.
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?
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.
XTRD TOKENS
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 tokens will be created via a token generation event scheduled for Q1 of 2018.
Staking:
As XTRD tokens are used to pay for services on the XTRD trading network, line tokens will be cycled back into the network.
Discounts of 25% on XTRD services (execution, colocation, market data, software licensing) will be available for token holders in general and discounts of 40% on XTRD services will be available for token holders who maintain an average monthly stake of at least 50,000 XTRD tokens.
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; and
• Create a venture arm to seed emerging trading technologies in the crypto execution space
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time...
For more information, please visit:
Website: https://xtrd.io/index.html
Whitepаper: https://xtrd.io/xtrd_whitepaper.pdf
Facebook: https://www.facebook.com/xtradeio
Telegram: https://t.me/xtradecommunity
Twitter: https://twitter.com/xtradeio
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.