1st TRADE - Innovative crypto-asset trading system using independent intellectual property rights

Cryptocurrency like Bitcoin or Altcoin seems good to be a worldwide exchange tool. Yes, forget about certain real currencies which are only available in certain countries. Along with the development of internet technology, any transaction can be done globally by using it. Interestingly, not only is it more flexible to shop or buy things, it seems that you have to use Cryptocurrency in a smarter way. One way is to use it as an object of trade and investment. So, how is it?

Of course, first of all, you should join the Cryptocurrency website platform that allows you to carry out funding activities such as trading and investment. It is very difficult especially crimes such as fraud which are quite common nowadays. In the meantime, there are many sites out there that offer such facilities without you possibly knowing whether they are valid or not. for this, it is recommended that you use 1st TRADE is an innovative crypto-asset trading system developed using independent intellectual property rights. This is a type of Cryptocurrency platform with simple requirements, easy access, and many great features. This is even more interesting because consultations and discussions are available here to support you becoming more successful later.

What Is First Trade Token - FRT

1st TRADE consists of two common independent words-- First and Trade, for easy memory and use. First Trade symbolizes the preferred trading platform. 1st Trade team hopes that 1st Trade will become users’ first choice for exchange that offers blockchain-based trading and derivative service in the near future.

Each Exchange site has a different trading platform display. And there is no "review that this is the best display" but from each site one with another has almost the same features with each other. You have to determine for yourself which trade view is most suitable for you. What this trading platform generally has is that they all show order books or at least parts of the order books, selected cryptocurrency price charts and order history. They usually also have a sale and purchase box. Before you choose an exchange, try to see the appearance of the trade so you can make sure it feels right for you. 

It is known that many exchanges face problems such as security. Therefore, 1st TRADE has developed an independent risk management system so that, with the slightest effect of fraud on transactions, the wallet reacts immediately to this and delays this process.

1st TRADE will offer derivative services such as institutional high frequency trade quantification, Staking node business, VC, PE, hedging insurance and blockchain insurance based on the blockchain wallet system and multi-signature architecture of blockchain asset escrow architecture. 

Project Background

FRT carries the core value and equities of 1st Trade platform, and is the cornerstone of the future ecosystem development of 1st Trade. It adopts the multidimensional balance mechanism of “decentralized community node + chain use cases” to maintain the ecosystem balance for sustainable development and to boost the intrinsic value of FRT. 1st Trade focuses on creating a trading system based on blockchain technology for each eco-participant and is committed to developing an self-governance community ecosystem. 

1st TRADE is an innovative crypto-asset trading system developed using independent intellectual property rights. Behind this platform is an experienced, strong and hard-working development team, who has years of experience in the blockchain industry, the banking system and so on, and therefore they use various innovative technologies in development. Using this technology, the frequency of matching with one server system, imagine can reach 50,000 / TPS, while it can grow with maximum increase. The platform has been using such a system for 1.5 years and during this time period there were no problems in the internal operating system, risk management system, finance, and so on.

The white label trading system of embedded blockchain assets has been reasonably configured. 1st Trade will also offer institutional accounts to users in accordance with the user's rating system, so that institutional accounts can be created independently of the trading system, and exchange depth information can be shared in real time. 

Trading Platform

Each Exchange site has a different trading platform display. And there is no "review that this is the best display" but from each site one with another has almost the same features with each other. You have to determine for yourself which trade view is most suitable for you. What this trading platform generally has is that they all show order books or at least parts of the order books, selected cryptocurrency price charts and order history. They usually also have a sale and purchase box. Before you choose an exchange, try to see the appearance of the trade so you can make sure it feels right for you. 

Community incentives is the core function of the token

Platform token will be designed with community incentives as the core function. That is to say, 1st Trade will encourage community members based on a reasonable contribution rate to inspire community members to invite new members and to improve online announcement function; promote decentralized community building and overseas communities autonomy through node functions; effectively activate community members through token rewards and various activities. 1st Trade team will finish the multi-level reward and punishment mechanism such as onchain cross-token Staking service, onchain incentives mechanism and trading contribution incentives in the future. 

1st TRADE (FRT) function

1. Reduction of commission for trading. Registered exchange users can use FRT tokens to pay trading fees.
2. Discount on trade. When trading on Trade Exchange 1, FRT tokens will be discounted for traders.
3. Referral program. Invite friends, relatives, and acquaintances to register at the First Trade Exchange and you will be given a gift, so if your invitation passes verification, you will receive more gifts and them too.
4. Trust insurance. 1st Trade has its own trust insurance system where users can buy crypto assets and insure them, and this ensures high security of crypto assets.
5. Credit system. 1st Trade works on blockchain technology and uses a lending system. This system allows registered users to receive loans honestly and transparently.
6. Stable coins. 1st Trade will use a stable coin on its platform.
7. Stacking system. Stacking is a convenient and easy way to mine on the platform itself, where you can get even more to save coins.

FRT DPOS Ecosystem

DPOS (Delegated Proof of Stake) is a consensus algorithm based on voting. The holder selects the representative node to operate the network and uses the professionally run network server to ensure the security and performance of the block network. The 1st Trade Center network uses a Proof of Stake (POS) mechanism, and the weight of the validation node depends on the total amount of the staking token (FRT) that is bound. The FRT can be held directly by the validation node or it can delegate the tokens of other FRT holders. 

Any user in the system can become a validation node candidate by sending a transaction that verifies the node election. In the node ecosystem, it is not necessary to solve the mathematics problem. The token holders vote to in or out, which solves the performance problem of the POS. The validator participates in the election, and the validation node is equal to the total amount of the bound token and the delegated token, and the 13 validation nodes with the highest total amount will become the delegation node. FRT will also generate dynamic monitoring on the chain to dynamically adjust the circulation of existing coins and the amount of new token unlocked by the block so as to realize the dynamic rights of the delegated nodes. 

Team Advantages

• Rich global blockchain operation experience: the founder Jearon is experienced in global brand and community operation in the blockchain industry. The foreign team members have rich experience in overseas community and media operation.
• Solid technical strength: the platform has independent intellectual property rights, and its core matching engine can process 10,000 orders/second with single server, which can be scaled out. The technical team has experience of platform architecture and coding and has their own trading robot system.
• Mature trading system: The restructuring system has been running stably for more than 6 months, and the core functions such as code review and embedded risk control system has been gradually improved .

1st TRADE Token (FRT)

FRT - short for First Trade Token. This token is the ERC20 standard and is the domestic currency of the First Currency Exchange. FRT supports project work and exchanges trading with many crypto assets. Therefore, FRT is an important part of the entire TRADE ecosystem. FRT can be used in various exchanges and other wallets, for example, myetherwallet, metamask and so on.

TOKEN INFORMATION

• TOTAL SUPPLY：500,000,000 FRT
• ROCKET UP HARD CAP：6,300,000 USD
• ROCKET UP AMOUNT：105,000,000 FRT
• SUBSCRIBE PRICE：1 FRT = 0.06USD
• AMOUNT FOR THE 1ST ROUND：30,000,000 FRT

PRIVATE SALE PRICE

• LEVEL 1 : 1 FRT=0.054 USD
• LEVEL 2 : 1 FRT=0.042 USD
• LEVEL 3：1 FRT=0.03 USD
• SUBSCRIPTION LOCK PERIOD：NONE
• DISTRIBUTION TIME：NOVEMBER 26,2019 AT 13:59:59(HKT)
• EXCHANGEABLE TOKEN: USDT ONLY
• TOKEN TYPE：ERC 20

Token Distribution:

• 20% - Project support, various operations and team incentives.
• 10% - Marketing, PR, gift companies.
• 15% - Legal side.
• 21% - IEO sales.
• 34% - DPoS mining.

Roadmap

2019 Q4

• Staking function with Static Reward
• Trading Fee Deduction
• FRT Token Release

2020 Q1

• On Chain Staking function will available, the POS on chain governance will start

2020 Q2

• First Trade Fund Establish
• POC consensus will available on the First Trade
• Fund website to let community members can get
• POC reward through their contributions.
• POC Incentive Consensus Publish

2020 Q4

• Self-governance of Inflation and deflation on the chain
• Finish POC+POS Consensus
• Trader can loan stablecoin through cross chain

2021 Q2

• Issurance system on FRT.
• On-Chain Stablecoin Issurance system

2022 Q3

• On-chain mortgage loan avaliable
• On-Chain Leverage Loan System
• As the payment gateway of implementation in

2023 Q2

• crypto and fiat exchange
• Fiat & Crypto Trustable Payment Gateway

2023 Q4

• Provide universal API on FRT chain to let 3rd
• party Audit and Clearing service provider can give a certificated data to all community members
• On-chain Clearing & Audit

Conclusion

Behind this platform is an experienced, strong and hard-working development team, who has years of experience in the blockchain industry, the banking system and so on, and therefore they use various innovative technologies in development. Using this technology, the frequency of matching with one server system, imagine can reach 50,000 / TPS, while it can grow with maximum increase. The platform has been using such a system for 1.5 years and during this time period there were no problems in the internal operating system, risk management system, finance, and so on. 

For more information about 1st TRADE, please click the link below:
Website: https://www.1strade.io
WhitePaper: https://www.1strade.io/doc/FRT-en.pdf
Twitter: https://twitter.com/1stTrade1
Facebook: https://www.facebook.com/1strade
Linkedin: https://www.linkedin.com/company/1strade
Telegram: https://t.me/FirstTradeOfficial
Reddit: https://www.reddit.com/user/1strade/
Medium: https://medium.com/@1stTrade
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5201001

Username : Ozie94
Profile : https://bitcointalk.org/index.php?action=profile;u=2103066
Wallet Address from 1st Trade Exchange : 0x8cb80055c5410892aa8618f229837b329b7cf53d