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.
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.
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).
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.
Moving FIX from Concept to Reality:
What is FIX;
FIX (financial Information Exchange) protocol was created in 1992 to 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.
Most finance experts and traders don’t use web based trading platforms to consume market data and trade, instead they use applications that provide customer support including feature development such as downloadable applications,robust etc that allow fast order entry,in the crypto space such platforms do not exist.
XTRD will launch XTRD pro in 2018 a highly robust multi exchange standalone trading platform for active traders.The platform will include advanced consolidated order books,custom order types among other features.
SPA(Single Point of Access) Liquidity Aggregation/Cross Exchange Execution: XTRD Spa will be facilitated Via JV(Joint venture) partnerships with existing exchanges to minimize the regulatory obstacles, XTRD will close the trades made by client within the JV, exchange by clearing balances from it’s inventory accounts at other exchanges, XTRD already has secured a partnership which a major active exchange that facilitate trading in primary currencies and will also facilitate for alternative ERC20 tokens soon. XTRD will function purely as a technology provider.
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.
• 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.
• XTRD will use XTRD Tokens as trading fees which will be collected through the Crptographic economy.
• XTRD will utilize the funds generated form the token generation event to:
TOKEN AND ICO INFORMATION
Trading fees will be collected through the cryptographic economy, facilitated by the XTRD token. XTRD is an ERC20 compliant utility token generated on the Ethereum blockchain and will be used as a means of payment by trading participants for services provided by Xtrade.
XTRD tokens will be created via a token generation event scheduled for Q1 of 2018.
Staking: As XTRD tokens are used to pay for services on the XTRADE trading network, line tokens will be cycled back into the network.
Discounts of 25% on XTRADE services (execution, colocation, market data, software licensing) will be available for token holders in general and discounts of 40% on XTRADE services will be available for token holders who maintain an average monthly stake of at least 50,000 XTRD tokens. Fiat for services will be accepted at
no discount to par.
Funds will be allocated for different purposes in the XTRD.
70% for Balance sheet SPA:
Most of the funds raised from the token sale will be used to uphold this balance sheet for training capital.the balance sheet will also serve to reduce counterparty risk for customers while trading with more than one exchanges facilitated by just one reliable account.
15% Platform development and operations:
Funds distributed here will be used for salaries, office space and other operational expenses.
5% Legal and Compliance:
XTRD expects to work with regulators and be in front of the curve in the regulatory adherence,rule drafting, necessary registration and preemptive legal analysis.
5% Sales and Marketing:
XTRD will grow business quickly by leveraging traditional sale techniques as well as the principals internal network.
5% Tech Acquisition:
XTRD will allocate fund towards getting encouraging tech deemed complimentary to XTRD’s core mission of creating a higher standard of service, functionality in the crypto currency space and delivering robust innovative technologies.
1 XTRD = $0.1.
Already raised over 50% of their hard cap which is almost $25M.
might get cancelled if XTRD sells out in the pre-sale (which ends March 31).
in 8–10 business days after the ICO end.
ERC20-compatible utility token.
Tokens will be generated after the sale so that burning of unsold tokens is unnecessary.
For more information please visit the links below;
White Paper http://xtrd.io/wp-content/uploads/2018/02/xtradeio-whitepaper-1.pdf
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409