INTRODUCTION

Those who don’t learn from history are doomed to repeat its mistakes. To that end, it is important you become aware of the past, learn from it and be free from its mistakes.

Cryptocurrency started way back in nineteen nineties (199’s), it had less adoption and publicity because of so many short falls and challenges too.

Who ever mentioned cryptocurrency then was instantly seen as a scammer, one who wants to scam and cause deceit.

In 2009, the Bitcoin software was made available to the public for the first time and mining – the process through which new Bitcoins are created and transactions are recorded and verified on the blockchain – began ₁.

It took more than mere insight to see how inspiring this technology was, many strolled past it like it was nothing, while few adopted it

Many are the eyes that look, but few are the eyes that see. For the eyes that see are the ones that lead and dominate

In 2010, someone decided to sell theirs for the first time – swapping 10,000 of them for two pizzas. If the buyer had hung onto those Bitcoins, at today’s prices they would be worth more than $100 million₂.

With time other decentralized and encrypted currencies started springing up, increasing the ocean of the crypto world
Most were regarded as altcoins and most of them tried to replicate and ultimately improve on the bitcoin design.

Currently there are over 1,000 cryptocurrencies in circulation with new ones frequently appearing. These figures keep increasing and one interesting thing about the world of crypto is the trading and exchanging witnessed between different tokens

Now, with the emerging digital assets going into circulation, the problem of maximizing its full potentials is quite enormous as the crucial tools needed to do this is lacking.

The idea of toggling between so many exchanges and trading sites is quite tasking and believe me; it is so boring as well.
Scattering digital assets around many trading platforms could have potential risk, ones that are so detrimental to your hard earned tokens.

Liquidity issues has been a big problem as either sellers or buyers become frustrated from some of the exchange and trading sites

Variety over the years have been the spice of life, but some exchange as well as trading platforms have no incorporation for a number of tokens, this clearly has limited both the adoption of crypto and its development on the blockchain.

Most of them get into a project quite early and by virtue of investment and luck get the prices high for their benefit and at a long run abandon these projects, this can be regarded as ‘pump and dump’ in the crypto space

The need for proper regulatory measures to check mate these exchanges is of great importance.

So many exchanges due to scalability issues are pragmatically inefficient in its handlings of some basic crypto tokens and this has left the market porous.

PROBLEMS WITH TRADITIONAL EXCHANGE AND OTHER CRYPTO EXCHANGE/TRADING PLATFORMS

SCALABILITY

This problem over the years has tormented so many platforms. The technological set up runs down trying to meet large volume of transactions, little threshold frequency is clearly seen in some of these exchanges.

Many investors get frustrated at the sight of huge transactions being delayed and ultimately not pulling through, which is basically due to the ineffectiveness of certain exchange sites in processing transactions.

It can be just as bad, leading to panic sales in the market, competing protocol changes, and overall confusion for entrant users.

CUSTOMER PROTECTION

In a good number of exchange sites and trading sites, there is no guaranteed safety or protection of users. Most of them are like jungle zones were only the fit survives.

Crypto enthusiasts who invest in crypto usually feel that they are taking risks when trading online as these exchanges do not provide a solid platform for investment

Loosing funds usually become a personal burden and how do you expect the crypto world to develop with this?

UNRELIABLE TRADE EXECUTION

Fragmentation of digital assets has left worries in the faces of many crypto enthusiasts, having to scatter your tokens among diverse exchanges is not a healthy omen.

Low volumes of trades again has made trading unreliable and un-executable.

Many existing exchanges cannot handle large volumes from existing technologies whose digital assets have grown organically. This problem alone has delayed the execution of trades

“There have been numerous cases of users being locked out of exchanges, in some cases for days, due to technical difficulties. In many cases, exchanges lack adequate customer support, which can increase frustration on the part of traders. Beyond periodic performance failures, trading, particularly across both traditional and digital asset venues, presents a number of other difficulties”_Source

Then, monitoring investors’ trades is a problem too as rebalancing portfolios by many disparate exchanges is a problem. Judging from the fact that portfolios are in constant fluctuation, the need for proper management and monitoring is on the rise.

LACK OF SECURITY

If crypto currencies are to continue their ascent towards the mainstream stage, then security is one problem that needs to be tackled immediately.

The influx of scammers, hackers over recent years have been on the rise. Most exchanges are so vulnerable to hackers. Statistics have shown clearly that over 4 billion USD equivalent in digital assets have been lost since 2011 to theft by hackers. This can greatly be attributed to utter insensitivity and indifferent attitude by most exchanges.

Some of the shortfalls of these exchange sites include:

• Poor customer support

• Poor risk management ability

“These include the counterparty risk that is present when transacting on any individual exchange. Traders must make contingencies to mitigate the likelihood that an exchange will suddenly fail, taking investor funds with it. Market participants must also account for liquidity risk. The fragmentation of the market leads to situations in which there is insufficient liquidity on a given exchange to fully exit a position”._Source

LACK OF REPORTING AND COMPLIANCE

With increased fragmentation seen in different exchanges, strong compliance and report by exchange sites has become a problem. Market participants have been left to resolve issues themselves.

Every customer wants a guideline and reference standard to always measure, determine and evaluate on goings in the crypto world. There is need for current price listing and other necessary metrics to keep the customers updated in happenings going on.

But many exchanges do not provide these information and inadequate feedback to customers can create uneasiness and panic among users

“The details are often granular to the level of individual traders, triggers to pre-trade limits, and order amendments. These outputs are not available on most crypto exchanges, and as a result, funds must build proprietary systems at significant expense in order to monitor and log all activity.”_Source

Furthermore, as funds are being traded on these exchanges, there is need for quality and security of custody, as well as other prudential standards such as FCC (Financial crime compliance), as these metrics are important as well.

With the unending troubles and problems of exchange sites, there is need for a solution, not just a solution but a lasting one that would change the minds of investors towards adopting cryptocurrency and then blockchain technology.

A new technology has taken into consideration these problems and are committed towards eradicating it, I present to you Caspian

INTRODUCING CASPIAN

Caspian is a complete digital asset management solution that covers the lifecycle of the trade.

The technology is designed to bring to an end the problems experienced by crypto enthusiasts, investors and users while trading and exchanging their digital assets

Caspian was not developed to compete with other exchange sites, rather it seeks to integrate different exchanges in one place. It has the interest of supporting the purchase of digital assets in a more reliable way to a large number of people, which will intermittently bring:

• Liquidity
• Volume
• Dynamism

For the reason above, it has integrated exchanges like BitFinex, Binance, Huobi, ItBit, Kraken, Poloniex BitMex. etc.

Caspian is designed using a single, inviting and user friendly interface that makes it use very much simple to users.

“Caspian is a joint venture between Tora Trading Services Limited (and its affiliates, “Tora”), a global leading cloud-based front-to-back technology provider to buy side institutions; and Kenetic Trading Systems Limited (together with its affiliates, “Kenetic”), a leading blockchain and cryptocurrency investment firm”. _{Source: Caspian Whitepaper page 2}

Furthermore, it seeks to solve the problems of exchange sites by providing sophisticated connectivity and interoperability across digital assets.

On the back end, it offers unified compliance and reporting functionality that enables users to analyze all of their trades in one place, regardless of which exchange they take place on.

With Caspian in place, the participation of institutions and experienced investors will increase as it provides institutional and experienced investors with a full-stack crypto trading and risk management platform.

CASPIAN’S SOLUTIONS TO REVOLUTIONIZING THE CRYPTO EXCHANGE WORLD

ORDER AND EXECUTION MANAGEMENT SYSTEM (OEMS)

CASPIAN developed an interface that affords users access to major digital asset exchanges through a single interface. The friendly user interface also provides a unified control center that brings about fast trading; this will serve as the main hub for portfolio managers.

The Application Programming Interface allows traders to send orders and slices, obtain order, execution and position information and also pricing information.

Further development of the APIs will allow access to margin information, Router (SOR) control, and other metrics

“Also, CASPIAN offers a built-in mechanism allowing clients to configure alerts, which can appear as pop-ups or be delivered as emails. Clients have the freedom to define the conditions under which such alerts are triggered, combining indicators, order parameters, position data, and market data”.

Since crypto has become not just a currency but a language for many, periodic alerts informing traders about changes in price listing, favorable time for trade as well as other information is valuable and significant to the Caspian interface.

Other features present in the interface include:

• Ability to stage order intentions as parent orders
• Messaging functionality for each order-related action, communicating any potential compliance breach.
• Ability to view and manage margin across multiple exchanges.
• Ability to view the progress of each order or order slice. Users can receive alerts about slippage or time-to-fill, allowing
  them to take action depending on market conditions.
• Ability to utilize workflows across multiple distinct users and user roles. A single organization can assign different roles
  to its members, e.g., portfolio managers, traders, compliance officers.

WATCH DEMO

POSITION AND RISK MANAGEMENT SYSTEM (RMS) AND (PMS)

Risk management is one area exchange sites have clearly shut a deaf ear to, it has made investors loose confidence in the crypto world. CASPIAN’S’s PMS and RMS enables users monitor positions and maintain detailed records of each. This also allows customers access to historical data allowing them to weigh their options and taste.

The PMS and RMS record is built for functional adaptation to customers underlying fears bridging the gap between risk management and resultant trust.

Features of this includes

• Reconciling: The interface offers an opporturnity of rolling back through transactions and correcting areas requiring that
• Rebalancing: In cases requiring separated generated orders, funds may drift from target zones. Rebalancing can help generate orders that continually bring the fund back in line with its objectives
• Allocation engine: The allocation engine allows trading through a single order and a single exchange account, even if the result of the trade is intended to be distributed to different funds, portfolios, strategies or other business units. _{Whitepaper: page 12}

WATCH DEMO

COMPLIANCE AND REPORTING

The compliance offers extremely low latency and extensive functionality that gives room for limits and compliance rules.
To that end, there exists some level of limits and compliance protocols to transactions on the Caspian technology.

Transactions pulling through without measures to check excesses as well as errors are a problem for any exchange, CASPIAN offers some limits and compliance rules governing pre-trade and post-trade work flows

PRE-TRADE LIMITS

It includes simple limits, more complex portfolio or trading parameters. These limits can delay order execution until compliance checks are complete.

They can be triggered at various stages of a trade, including staging, sending, or amending an order

There are three levels to the Pre-limits:

• Warning limits: This limit can be overridden by the user
• Approval limits: This require a supervisor to approve the order before it can be sent to market
• Absolute limits: This type of limit cannot be overridden.

POST-TRADE COMPLIANCE:

This includes alerts, monitoring, and reporting

WATCH DEMO

TECHNICAL SUMMARY OF CASPIAN

AMAZING BENEFITS OF CASPIAN

ARCHITECTURE

The architectural design is cloud-based with many services built around micro service architecture. These services are functionally accessible through thin UIs and APIs.

The services are configured either to run in dedicated processes or in single processes. A number of the services offer lots of advantages and are linked by high speed, certified message delivery technology

PERFORMANCE

CASPIAN is designed in such a way that it can be able to successfully handle large volumes of data and at the same time ensure low messages between the exchanges. The infrastructure build is designed to handle up to 50,000 orders and 400,000 executions per day per user, with a throughput of over 2,500 orders per second.

Though it was not initially designed this way but it gives clients the performance they need

SCALABILITY

As regards scalability, CASPIAN partitions both data and transactions into distinct spaces for every participating client. The backend services which houses the OEM, PMS, RMS have been configured to handle one or more of such partitions.

RELIABILITY

Most exchange sites are so unreliable as they would usually offer less than what they say. One important attribute of the CASPIAN technology is reliability. The reliability is achieved through the following complementary functions

• Fault tolerance and high availability: This ensures no single point of failure, an instanceexists that readily takes over thereby avoiding disruption of a problem
• Load balancing: A load balancer monitors the services and runs a routing algorithm to redirect requests to free gateways
• Tools and processes: This acts a back up cloud system in cases where unforeseen cotigencies arise. Safety nets and control mechanisms have been developed to mop up problems that might arise in the software.
  

SECURITY

The place of adequate security cannot be over emphasized, CASPIAN’S has through the following made sure that security is guaranteed

• Encrypted connections
• Client App limited to concrete whitelisted IPs
• Secured user login through two factor authentication and strong password complexity
• Restricted access to the backend
• Connections to exchanges or third-party systems are encrypted
  

SUPPORT

CASPIAN has a healthy support from the teams in Tora and Kinetic. constant professional and multilingual product support will always be available for the technology. Many exchange platforms lack support from professional bodies. Just like no man is an island of knowledge, having team support is key towards dominance.

AUDIT

Through auditing, a feedback message is sent to the infrastructural build. All transactions as well as operations are validated and registered. Clients can always go back to these information when need arises

HOW CASPIAN WILL INCREASE MASS ADOPTION OF CRYPTO AND CRYPTO TRADING

Looking at the numerous exchange sites and the short falls experienced by them, you would agree that it is a huge turn off to potential investors and crypto enthusiasts.

But with CASPIAN in place, a user friendly interface that incorporates trading is possible, users can comfortable access multiple exchange tastes under an umbrella.

This is resultantly increase crypto adoption by many. The stress of choosing between exchanges has been waved and then security is also guaranteed.

Time is also a valuable asset, CASPIAN saves time of users by providing all the need in just one platform.

Crypto exchange and trading will become known as people get to knbow the stress-free process the technology offers
Institutions and companies would find it lovely pitching their tenth on the blockchain as trust, security and scalability is solved.

Also, managing limits, setting alerts, audits, and reports, among other advanced features are necessary for these entities and their individual growth

CASPIAN TOKEN

The token used in the CASPIAN technology is the “CASPIAN Token” (CSP). It is an ERC-20 utility token and is used to drive certain activities on the blockchain as well as the development of third-party Apps and engagements

Some of the other uses include:

• User-to-User Utility
• User-to-Platform Utility
• Token Staking
  

USE CASE 1

Mr kelechi is the Treasurer of Amanze’s group and sons, he is a crypto enthusiast and has digital assets scattered around the blockchain.

He has always wanted to sway the company into crypto exchange and trading, but was faced with the difficulty in security, interoperability and reliability. He gets to stumble on CASPIAN and presented a proposal to the company.

The manager after going through the CASPIAN features got interested and it was a new revolution for the company

USE CASE 2

Mr Henry got into trading recently and started exploring the crypto world; he is a stereotyped individual who usually sticks with one option. Hackers got a hold of his trading site and wrecked him of all he had.

A friend introduces him to CASPIAN and he began trading without fear of loss or theft.

CONCLUSION

With the numerous features of Caspian, the crypto exchange market is going to know success and adoption.
Investors who over time lost faith in cryptoccurrency will be happy to use this technology.

The idea of hidden price fluctuations has been averted with this platform and faster and efficient transactions would be eventually seen.

The security system of the Caspian network is highly encrypted and would be an impossible mission for hackers that have ravaged the exchange market.

To think that you can get notifications trough texts and emails is another mind blowing feature of the technology. You don’t have to miss those important features when you activate the alert system

Also, having different exchanges incorporated in one makes the process entirely stress free, many have been disappointed due to the stress of shuttling between exchanges while trying to carry out transactions.

Finally, the blockchain technology is also a winner seeing the solution the Caspian platform has brought

SIMPLE VIDEO MADE BY ME

INTRODUCTORY VIDEO