Level01 Derivatives Exchange BLOCKCHAIN :BLOCKCHAIN / ULTRA FAIR / PEER 2 PEER / AI ANALYTICS ULTRA FAIR PEER 2 PEER AI ANALYTICS
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Level01 is the World’s 1st Peer to Peer (P2P) Derivatives Exchange with Artificial Intelligence (AI) Trade Matching Technology and Settlement on the Blockchain.
Generally, options are the easiest financial instruments to trade, while effectively encompassing all the asset classes. Options are agreements/contracts between two parties with an opposing exposure to the price of an underlying asset. The results (payoff) of the derivative contract are derived from the asset’s underlying price without actually physically buying or selling it, which may be prohibitive if the asset is highly priced. Options contracts have an expiry time, and when it is reached, the party that benefits from the right choice of exposure receives the predetermined proceeds (profit) from the other party.
Level01 allows users to trade options contracts directly with one another peer-to-peer (P2P) without the need for an intermediary broker; with a proprietary system that was designed to leverage blockchain, cryptocurrency and smart contracts technology for automation and transparency in market data, trade contract intent & matching, transactional history, and trade profit settlement.
For improved efficiency, peer-to-peer trade matching on the platform is assisted by a specially formulated algorithm ‘FairSense™’, which analyzes trade intent patterns of users on the platform and matchmakes or suggests them to counterparty users.
Level01 also introduces the concept of the ‘Ecosystem Exchange’ by integrating features that allow users to be rewarded when participating in the ecosystem. This encourages more users to join from the increased liquidity base, thus creating an ecosystem network effect which benefits everyone.
The primary objectives of the Level01 platform are:
*Simplicity and User Friendliness – By streamlining the capabilities of the platform to prevent information overload, Level01 intends to lower the barrier of entry and remove the complex/intimidating factor of online investing & trading for the layman/novice user.
More sophisticated tools for advanced users are carefully designed into the user experience to be unostentatious and unnecessary for completing trading tasks.
*Automated Transparency – The Level01 system is designed and strives for trustlessness and transparency; where the information data (such as time stamps and wallet addresses) of every interaction, transaction process and settlement of trade is publicly available for review and inspection on the blockchain. This ensures Level01 can perform its role as the ultimate trust intermediary satisfactorily.
*Ecosystem Orientated – With a focus towards decentralization, Level01 intends to cultivate growth of the largest peer-to-peer options trading network, where every user is recognized individually with proven statistics and ratings. Its ecosystem growth centric features allow users to add value to the network, and derive value from it for themselves.
API’s will also be built to allow users on other networks to access the core high value functionalities of the Level01 ecosystem.
HOW TRADING WORKS
Level01’s mobile/web app enables investors to interact directly with each other for trading. Investors can trade risk or hedge positions by issuing options contracts for counterparties to match with on the Level01 platform.
1.Investors select asset category they are interested in, such as FOREX or CRYPTOCURRENCY, and selects asset market to trade in, such as USD/EUR or ETHEREUM.
2.Investors trade by issuing option contracts into markets: by defining contract parameters ‘EXPIRY’, ‘STRIKE PRICE’ & ‘POSITION’, and contract TOTAL VALUE; or selecting an existing option contract to act as matching counterparty.
3.When an option contract is matched with a counterparty, all parameters are sent to the Level01 smart contract on the blockchain. The smart contract receives permission from both parties to handle token funds and performs trade settlement upon option contract maturity (expiry).
Simple / Advanced Trading
Simple, effective trading experience with advanced features for experienced users.
Automated Blockchain Settlement
Automated, transparent trade settlement handled by blockchain smart contracts.
FairSenseTM Artificial Intelligence
AI analytics fair price discovery enabling better quality trade matching experience.
Transparent Market Data
Fully transparent market data verified by 3rd party oracle service providers.
Hotswap Capability Token Wallet
Instantly change platform native token to Bitcoin or Ethereum for more liquidity.
Instant Deposit / Withdrawals
Trader has full control over funds and deposits/withdrawals are done instantly.
Market Asset Variety
Trade both traditional & cryptocurrency market assets for more opportunities.
Trade Room Hosting
LVX token staking mechanism enables trade room hosting to earn commissions.
The Level01 Trading Platform is modularly designed into several distinct modules that enable ease of scalability, development updates, debugging and zero downtime maintenance. These are the off-chain server processes of the trading & exchange engine, and the on-chain transaction settlement LIST smart contract on the blockchain interacting with real-time and historical data feeds to form an efficient, transparent, hybrid platform.
All processes are load-balanced and are scalable without the need to interrupt the system in run-time. The Architecture is defined to support inter-server distribution to achieve minimum response time by allocating local servers in different regions in the future.
The Level01 Exchange Token (LVX)
Level01 is more than just a peer-to-peer trading exchange, it is designed to be a selfsustaining financial ecosystem where users whom contribute and participate in the ecosystem are rewarded.
The Level01 platform utilizes its own ERC20 tokens on the Ethereum blockchain as a medium of value exchange within its financial ecosystem. These tokens provide the means to transparent and fair settlement on the blockchain, because it can be handled/automated by smart contracts to be programmatically disbursed to trade winners as profits.
The tokens will be issued to participants of a token crowd-sale, and the total sales value of the crowd-sale shall determine the initial value per token.
Level01 recognizes the true value of the token crowd-sale manifests in its early contributors and diverse community, and thus makes every effort to ensure the token sales are distributed to many investors, rather than allowing the concentration of the platform tokens in the hands of single large investors or groups, also known as ‘whales’.
Potential token buyers are required to register with an email address and fill out an information form with accompanying identification documents before being able to purchase the tokens. Each individual will have a maximum cap on token purchase amount.
Level01 tokens will be issued with finite amount, with the total supply capped at 1,200,000,000 (1.2 Billion) tokens. The token will be assigned the symbol (LVX).
A medium of exchange within a trading platform requires stable pricing with minimal/gradual fluctuation, which is the basis of an individual platform token instead of utilizing cryptocurrency assets such as Bitcoin or Ethereum, that are subject to extreme price volatility due to intense external factors and speculative trading.
Users on the Level01 platform derive profit from their endeavours, and contract pricing is an integral part of any trading strategy. A sudden drop or rise in the value of the trading token will severely affect the profit/loss of the users in the platform and destabilize the platform economics.
As technology is constantly evolving, Level01 also requires a token that can be future aligned with its platform development goals. For example: the Level01 platform has a token staking mechanism which incentivizes investors to stake tokens, thus reinforcing the price value of the LVX token. This sort of ecosystem feature would not be able to be integrated if the platform were to use another token, for example: Ethereum, which does not have a capped token limit. Thus an internal value token specific to the Level01 platform is necessary to provide astable environment for platform users to trade in.
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Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1756728
My Ethereum wallet address: 0x495A548499e336311Dec1219b9Fa34df00769c13