Sunday, September 2, 2018

XTRD- Fostering Trading Transactions

Introduction


Many cryptocurrency traders found out just how hard buying and selling could be during periods of peak trading, with many finding themselves locked out of their accounts for long periods of time.Now a new company aims to remove many of those bottlenecks and make the trading of cryptocurrencies easier and more intuitive. XTRD wants to bring a new level of technological sophistication to the world of cryptocurrency trading, providing its customers with enormous advantages in the process.
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XTRD.IO is bringing wall St technology built by traders, for traders, to fix the problems caused by multiple separate cryptocurrency exchanges, differing APIs, having to open multiple accounts and web pages to trade, and fragmented liquidity. They have built a unified FIX based API to allow easy trading across multiple markets and APIs, a downloadable platform to aggregate trading across multiple accounts without using webpages, liquidity pools across the space to execute transactions with one account from partner custodial exchanges, and a dark pool product that allows large crypto to fiat transactions with banking partners that do full KYC on all participants and custody fiat. The XTRD utility token will facilitate payment of services across the entire XTRD.IO ecosystem.

XTRD Token


XTRD token is an ERC20 compliant utility token, which is developed on the Ethereum blockchain. It will be used as a primary means of payment by users for obtaining services rendered by this platform.
Platform: Ethereum
Accepted: ETH
Hard cap: 45 000 000$
Token price:1 XTRD = 0.1 USD
Total token supply: 952,457,688 XTRD. Around 400M tokens are circulated freely.
XTRD has raised about 70% of its $45 million hard cap
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Use Of Funds


70% of the funds will be used for SPA development.
5% will be used for tech acquisition.
5% will be used for sales and marketing.
5% will be used for legal and compliance purposes.
15% of the funds will be used for platform developments and operations.

Roadmap


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Unique Team


XTRD have ambitious goals  which will enable them to set new standards for the Exchange Market. To achieve this goal a strong Team is built with all the necessary skills, talents and long-time experience needed for the project. Most of the team members on XTRD have verified LinkedIn profiles. This is all good because the more transparency a company have in regard to their team, the more trustworthy they typically are.
XTRD team has experience developing trading platforms at financial institutions like Goldman Sachs and JP Morgan. Key members of the team include founders Alexander Kravets, Sergii Gulko, and Jon Giacobbe.
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Other team members of this project are thus;
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Partners


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The team at XTRD is also considering a strategic partnership with Oracle, one that would allow the company to participate in the popular fintech niche. Fintech is bigger than ever before, with many brokerage firms and financial planning agencies incorporating technology into their operations.
Also, XTRD has also teamed up with CEX.IO as you can see above , in an attempt to custody clients for SPA. The firm has also developed relationships with major banks to facilitate crypto to fiat dark pool transactions, something that will be very important going forward.

Features & Benefits Of XTRD

  • Price Transparency
  • Private and Secure Pathways
  • Lower Execution Cost
  • Reduce Slippage
  • Multiple Markets with One Account
  • 1 to 2 Millisecond Trades
  • More Liquidity
  • Standard FIX Interface

Conclusion


The world of cryptocurrency is changing, and so is the way people and companies do business. By bringing the power of Wall Street technology to real-life traders, XTRD hopes to facilitate transactions, remove bottlenecks and make trader’s lives easier. Also, I think that we will see more attempts to regulate cryptomarkets. With certain rules in place, it becomes attractive for bigger players and regular people. Sooner or later governments will understand that blockchains are an actually good thing - with 100% transparency and traceability you can't avoid taxes anymore ....oops!
In general blockchains are good for our mutual benefits, no matter who you are - senator, banker, trader, or grocery owner.
NOTE: This article is just a guide to potential clients, stakeholders and everybody itching for a snip of this wonderful project, The whitepaper will provide an in-depth and thorough analysis of this wonderful project. You can click on the link below and find out more about this wonderful project.
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