XTRD - Unifying Cryptocurrency Exchanges
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ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: XTRD. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
XTRD is a platform that is here to build trading infrastructure (soft ware and hard ware )in the crypto space and become one of the first full services shop in the crypto currency markets for large traders and funds. Finance and trading experts created XTRD to bring solution to the problems of crypto currency and trading practices by increasing the value of productivity of present trading practices. XTRD.IO is a company founded by Wall St professionals dedicated to bringing battle-tested financial technologies and standards to cryptocurrency markets. This means higher liquidity, lower fees, and combined platforms. XTRD is launching four separate projects: FIX API (Industry-standard exchange API), SPA (Single Point of Access for Exchanges), XTRD PRO (Direct-connect desktop trading), XTRD DARK (OTC trading ecosystem).
FINANCIAL INFORMATION EXCHANGE
FIX (Financial Information Exchange) Protocol serve as the common language for international financial transactions because all other systems are different, there was a great requirement to communicate all executions between brokers, exchanges, mutual funds , investment banks and direct market access participants using a universal format.
FIX is the standard means of communication for trading in global equity markets, and is also heavily used in currencies, bonds, and derivatives. Every large institutional and professional market participant uses FIX to trade and has been doing so for over 25 years. FIX works by defining preset “tags” as value placeholders
XTRD creates a single unified point of access (SPA) to aggregate liquidity across exchanges for traders. This aggregation allows traders to clear at the best possible prices while delivering the lowest possible transaction costs as well as atomic swap capability for all with just one client-side account.
XTRD Pro is a downloadable solution to the fragmented markets. You’ll have access to all cryptocurrency exchanges and all your accounts from one application. XTRD Pro is a standalone trading platform that won’t suffer outages. Make more profitable choices with hotkeys, custom buy orders, and consolidated booking.
PROBLEMS AND SOLUTION
The following problems highlighted below are associated with cryptocurrency trading. And these problems is what XTRD aims to tackle.
Elevated Fees:
As most exchanges are not maintained they is no control or constant inspection of internal exchange order to be certain of fair pricing.
As most exchanges are not maintained they is no control or constant inspection of internal exchange order to be certain of fair pricing.
Thin Liquidity:
This can move the market for a product and related products in an exchange by a factor 5–10% that means a single order to buy $1,000,000 worth of Bitcoin can cost an extra $50,000,-$100,000 per transaction given low demand.(increase in amount of purchase leads to increase in Liquidity).
This can move the market for a product and related products in an exchange by a factor 5–10% that means a single order to buy $1,000,000 worth of Bitcoin can cost an extra $50,000,-$100,000 per transaction given low demand.(increase in amount of purchase leads to increase in Liquidity).
Complicated Web of Exchanges:
The crypto space has a combination of differing KYC policies,means of funding interfaces and API’s results in a broken patch work of Liquidity for crypto currencies
The crypto space has a combination of differing KYC policies,means of funding interfaces and API’s results in a broken patch work of Liquidity for crypto currencies
With the XTRD project, XTRADE has been launched to solve the problem of low per market liquidity, decentralized execution in cryptocurrency space, and unfamiliar interfaces. Below are the sequential stages in which XTRADE operates.
Implementation of the Multi Exchange Fix API
Xtrade will launch a universal low latency Financial Information eXchange (FIX) based API that will be connected to all cryptocurrency exchanges to make it easy for major algorithm traders, major institutions, and hedge funds to access all cryptocurrency markets by coding to just one FIX application.
Launching the XTRADE pro-trading platform
A highly robust, multi-exchange stand-alone trading platform will be launched by Xtrade in 2018 for active cryptocurrency traders around the world.
SPA (Single Point of Access) cross-exchange/liquidity aggregation
This platform will create a single unified point of access during stage 3 of development. It will aggregate liquidity across exchanges for cryptocurrency traders. In addition, it will allow traders to clear at the best possible price while systematically delivering the lowest possible transaction cost. It will also deliver atomic swap capability all within just one client-side account.
FEATURES OF THE PLATFORM
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.
BENEFITS OF XTRD PLATFORM
FASTER TRADES
XTRD’s database connections process orders just as fast as anything on Wall Street. We’ve built optimized databases all across the United States that provide low latency order execution in the milliseconds.
REDUCE YOUR RISK
You’ve heard the horror stories about users being unable to recover their currency after sites have been hacked or have gone down. All you need to do is use XTRD's balances in your transactions.
INCREASE YOUR LIQUIDITY
When you purchase or sell through XTRD Pro, orders are placed through multiple exchanges so everything that you’re buying or selling will be picked up. This is especially valuable when you're placing large orders or when there is high price variability of cryptocurrencies across exchanges.
LESS FESS
Making large and high-volume purchases is a pain using current methods of cryptocurrency trading. Our FIX API splits orders across the exchanges, reducing your fees.
COMPLETE PRIVACY
Rest easy because your order is completely secure. We have employed strong encryption protocols to ensure your orders securely flow through our proprietary system.
MORE EXCHANGES
We’re forming Joint Ventures with all of the top cryptocurrency exchanges. If you can think of it, it’s probably on the list of exchanges that you’ll be able to buy and sell with using XTRD Pro.
TOKEN AND ICO DETAILS
XTRD is an ERC20 compliant utility generated on the Ethereum block chain and will be used as a means of payment by trading participants for services provided XTRD.
Platform: Ethereum
Accepted: ETH
Hard cap: 45 000 000$
Total token supply: 952,457,688 XTRD. Around 400M tokens are circulated freely.
XTRD has raised about 70% of its $45 million hard cap.
TOKEN ALLOCATION
50% of XTRD tokens will be issued for sale during the ICO event.
29% will be held in reserve.
10% XTRD tokens will be allocated as an advisor pool.
10% XTRD tokens will be allocated to a team.
1% tokens will be allocated for bounty rewards.
USE OF FUNDS
70% of the funds will be used for SPA development.
5% will be used for tech acquisition.
5% will be used for sales and marketing.
5% will be used for legal and compliance purposes.
15% of the funds will be used for platform developments and operations.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
XTRD PARTNERS
The Goal of the XTRD project is to build trading infrastructure (Software & Hardware) in the crypto space and become one of the first full-service shops in the cryptocurrency markets for large traders and funds. Be a part of this tremendous project and follow these links for more information;
Website : https://xtrd.io/
WhitePaper: https://xtrd.io/xtrd_whitepaper.pdf
Twitter: https://twitter.com/xtradeio
Facebook: https://www.facebook.com/xtradeio/
Telegram Community: https://t.me/xtradecommunity
Telegram Announcements: https://t.me/xtradeannoucements
Bounty chat: https://t.me/Bounty_XTRADEIO
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nugezmils
nugezmils
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