Bringing wall street technology to the crypto market
Liquidity is a very important aspect of financial markets, it allows for much smoother buying and selling as more orders are available on the market. Without great liquidity, high-speed trading can be very difficult to execute. Traditional financial markets have evolved from relatively slow trading through the phone to current highly advanced automated high-speed trading. Without an adequate amount of liquidity, price movements caused by news will be amplified to an extreme degree, recently we saw this where the price of bitcoin fell around 10% in the matter of an hour following false rumors regarding Binance. Xtrade aims to create a more stable environment for the entire cryptocurrency market through an increased amount of liquidity. The reason this is a great idea is not only because crypto investors will experience a more stable market when reacting to possibly bad news, but also because traditional financial institutions could be more keen on getting into the industry. If that happens, then the entire cryptocurrency market would propel much further than it already is today.
How Xtrade will create an increased trading experience
Xtrade is creating 4 products which go hand in hand in order to fulfill their vision. The first one of these is an API service called FIX which connects a range of major cryptocurrency exchanges. What this accomplishes is an overall more balanced market and many benefits for financial institutions. By utilizing this protocol, you can access all major exchanges at once instead of executing orders for each individual exchange. This also greatly increases liquidity as orders from many exchanges are available at once instead of just a single order book. For an increased user experience, Xtrade is also creating a single point of access for users, meaning that you only need a single account to access a multitude of crypto exchanges (all of those Xtrade partners with). To operate all of this, Xtrade is creating their own exchange interface, a downloadable application with a range of instruments from traditional financial exchanges. Lastly, Xtrade is bridging the gap between fiat currency and cryptocurrencies through banking partners around the world which offers fees less than 1%.
To fund their project, Xtrade is raising funds through an initial coin offering (ICO), selling their ERC20 token XTRD. This token will be an essential component of the Xtrade ecosystem. Users who hold enough of this utility token will receive incentives when buying and using the services provided by Xtrade. Read more about these benefits in their whitepaper page starting from page 34.
The token sale started the 20th of February
The token sale ends the 31st of March
1 XTRD = 0.1 USD (Adjusted to and paid in ETH)
- Tokens are generated as investors contribute to their ICO
- No more tokens will be issued after the ICO
The team behind Xtrade has a lot of experience in traditional finance, high-frequency trading, trading solutions and much more.
Xtrade is creating each of their services one at a time according to their roadmap below
The team behind Xtrade has also prepared a video presenting their vision of the project and related topics.
On their Vimeo page, other videos have also been uploaded going over different aspects of their project and their team.
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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their 4 products