SATURN BLACK - A platform for direct cross-chain exchange of crypto assets

SUMMARY

Saturn black presents the convenient and highly secured direct atomic crypto assets exchange with the third-party guarantor’s reliable source. The core objective of Saturn black is to create a safe, liquid, and quantitatively new market. Based on this the cross chain protocol, exchange and trading platform was launched by Saturn for to trade cryptocurrencies.

Bitcoin as the digital gold is used as the mode of payment. However it requires limited quantity and mining cost. The launch of bit coins is hugely emerging in the software industry featuring block chain technology. This leads to the emergence of bit coin analog, which can solve the actual problems and expansion of infrastructure using Bit coin. Alt coins, functions as an alternative to the Bitcoin, as 50% capitalization of Bit coin's share values in the crypto market is being estimated to happen.

About 2000 Alt coins were created with the emergence of crypto asset’s followers and developers divided into 2 types, such as crypto currency and token.
• Crypto currency this is the universal payment instrument based on computer encryption protocol, which is not controlled by third parties such as government and central banks.
• Token. This is defined as the payment unit. It acts as a payment instrument, which can be secured. This is either a partial or full centralized device. Stocks of companies that are traditional are sometimes compared to tokens.

Quoted assets are referred to as Altcoins and bitcoins as quotation assets in the crypto market.
A new type of crypto currencies is launched by the society, whereas the government crypto currencies are centralized and they are also digital currencies. Perhaps, bitcoin functions as the main crypto currency seeking more attention from capital owners.

Issues that Crypto market Experience

The rapid growth in capitalization of the market has led to the fall. As a result a decrease of 75% occurred in the total cost of crypto assets. This has also let to 90% loss of assets.

This fall in the market has let some people lose their hopes on market growth and thus get rid of their tokens and coins. This has further worsened the market. The traders, project exchangers and founders never supported asset liquidity leading to the extinction of markets.

Reasons for current crisis

• Inflated capitalization is the core reason for the fall of market capitalization by70%
• The values given by the rating providers were not true since the active coins cannot take a true value
• The number of active coins multiplied with a coin’s current average market price gives the capitalization of assets
• The participation of the assets in market trading lowers the instrument price so they do not participate in general
• The threat caused to the crypto markets is the frozen tokens which are with the project co-founders and the secondary demand falling helps in the saving 90% of crypto assets.

Properties for Market Development

The economic laws paved the way for the markets and exchange asset possess the quality to attract investors and they include;
• Liquidity – This implies the assets’ ability to turn into cash. The demands of the investors and spectaculars should be realized by the market and this should match with the current market in buying and selling and thus attracting cash
• Provision – Real assets provide trading instrument value. Saturn black explains how the market is unsecured because of the trader’s composition and unprofessional trading that takes place in the market. The issue of crypto assets by various companies fails to offer real products, however increase the token’s price by attracting large money in crypto currencies
• Secondary market – The token circulation demands a real business model to eliminate market fall leading to depreciation. Unsecured assets and secondary demand lacking are the reason for the market fall
• Reliability – Reliable market is what every investor wants for his future. The potential of new markets is evaluated by the investors based on trade volumes, communication of the company with community, advertisement and introduction of products in the business
• Security – Thefts are rare in this market. This therefore eliminates any negative impacts on the trading platform development and asset value
• Risk control – Economic safety is important. This should be taken care as exchanges through technical infrastructure are weak.

Money leaves the crypto assets

The real numbers of money are never known in this market. Part of the money received from ICO was invested in ICO startups. This money is spent on employee’s salary, advertisement or simply gets wasted.

The future of bit coin markets
A study revealed that 90% of crypto markets may disappear in the next 5 years due to the following reasons:
• To strengthen government laws
• Thefts and failure in technical aspects
• Company bankruptcy
• No practical use of technology and competition

Manipulators, market-makers, investors and the public

The professional traders who make up most of the market’s trading volume are categorized into the following:
• Manipulators – Trading affecting the markets’ price movement during low liquidity
• Market makers – Traders who supply liquidity by the placement of bilateral orders to the market
• Investors – Professional investors – An individual or a company that buys high volume of assets during the early stage launch of trading instrument
• Nonprofessional investors – An individual or a company having investment funds for the purchase of crypto assets in the secondary market
• Public – An individual or group of people who want multiple profits quicker by watching the market for a certain period of time and decide to invest in this market

Roadmap

OTC cross chain trading: Launch at the start of December 2018 – Saturn, a liquidity operator benefits professional investors

OTC auction: Planning to Launch in 3Q 2019 - Launch of crypto assets of various liquidity levels and atomic exchange is allowed from the TOP liquid assets like BTC, ETH, LTC, BCH, EOS etc.

Exchange of atomic traders: Planned to implement in 4Q 2019 - Launch of P2P exchange on a protocol called swap.online. The growth of capitalization is estimated to 80 trillion USD and has a continuous growth with the launch of Bitcoin – digital gold of the decentralized network

Transactions with EURO and USD: Implemented partially and planning to expand to 4Q 2019 2020 - Continuous work on this exchange is done by Saturn.

Market Capacity covered by Saturn products: Loss of capitalization cost in a year is 600 billion USD. - The capitalization share represented by Bitcoin in the crypto market is more than 50%.

How Saturn Popularizes its Services

• Saturn’s seeks support from millions of crypto players taking part in this game
• The crypto assets listing depend on the community requirements where the team will start token sale according to the need of the market and meet the market capacity

Competitive advantages
• Reduction of risks when compared to traditional exchanges
• Fast speed
• Saturn’s reward system and referral program
• Reward program was implemented to attract customers local to this platform at times of liquidity shortage.

Saturn’s Profit
• Saturn created Swap protocol for atomic exchange with the commissions of blockchain transactions
• There is also additional commissions present in this Saturn services
• The additional commission percentage will be up to 0.2% for the transaction of 0.5 -5% for all transactions as an aggregate
• 1 -5% of commission for auction transactions
• The final approval is made at the time of launching Saturn releasing the roadmap
• It further delivers two-way liquidity and thus makes profit in the form of price spreads

XSAT Token

The role of XSAT token is achieving token liquidity for exchange of goods and can be used as a payment instrument.
Token Sale
Token Standard - ERC-20 Ethereum

November – December 2018 – Private sale
• Up to 250,000,000 XSAT
• 25% share
• Price 1 XSAT = $ 0.075
• Payment accepted in terms of BTC, ETH, EOS, BCH, LTC, XMR, XRP, DASH
• Sale of unallocated tokens in pre-sale stage and at the price of pre-sale

In December 2018 – Presale
• Up to 250,000,000 XSAT
• 25% share
• Price 1 XSAT = 0.1 $
• Payment accepted in terms of BTC, ETH, EOS, BCH, LTC, XMR, XRP, DASH
• Sale of unallocated tokens in public sale and at the price of public sale

Public sale - 1Q 2019
• Up to 250,000,000 XSAT
• 25% share
• Price 1 XSAT = $ 0.125
• Payment accepted with 300 crypto currencies and more
Remaining 25% of the token will not be sold which will be used as a reserve of service launch and development Up to 50,000,000 XSAT and Share 5%

Bounty program
• Up to 100,000,000 XSAT
• Share 10%

Distribution for the project team
• Up to 100,000,000 XSAT
• Share 10%

Bounty program
10% or 100 million XSAT is reserved for bounty program by the team. The assistance of the community is indispensable and is listed as follows:
• Crypto exchange listing
• Assistance required in posting in social media like Twitter, Bitcoin Talk, thematic forums
• Assistance for publishing of interviews
Assistance in a consultative manner and reviews on the leaders of the crypto industry

Xtoken not implemented on the token sale
• For the provision of additional liquidity
• Distribution among investors
• Burned partially
The final call on the unsold tokens will be made by the team of Saturn after the public sale closure.

What will happen to the assets attracted during Token Sale?
• 15% - funds spent on marketing, employees, infrastructure solutions, company legal expenses
• 20% - funds spent on product development, launch etc
• 51% - funds for ensuring the liquidity of XSAT tokens
• 19% - reserve fund of the company
• Remaining will be removed by burning or used during experiments by the team

TEAM

For more information
Website: https://saturn.black/?utm_source=bounty
Whitepaper: https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5075635.0
Bounty THread: https://bitcointalk.org/index.php?topic=5144955.0
Facebook: https://www.facebook.com/saturnatomic/
Twitter: https://twitter.com/saturn_twitt
Instagram: https://www.instagram.com/saturn_xsat/
Telegram: https://t.me/saturn_ENGchat

Written by
K.Siva Arulmani
Bitcointalk Username: @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654