ICO trade.io – The Financial Token and Trading Platform.
trade.io – In the last few years, Cryptocurrency trading has become one of the most popular markets for new traders to enter. There are numerous reasons why Cryptocurrency is more popular than trading stocks and why you should choose to get in the game.
Cryptocurrency, as the name recommends, utilizes encoded codes to effect a transaction. These codes are recognized by different computers in the user community. Rather than utilizing paper money, an online record is refreshed by customary bookkeeping entries. The purchaser’s account is charged and the seller’s account is credited with such currency.
Trade.io is registered in Zug, Switzerland, which is typical for cryptocurrency start-ups. The region is known as “Cryptovalley” and there is a reason for that. The company is backed by FXPRIMUS, among other industry veterans.
Trade.io is a next-generation financial institution based on blockchain technology, providing the ultimate in security and transparency. By leveraging decades of experience in the investment banking, trading & fintech sectors, and combining them with the power and transparency of the distributed ledger, we’ve created a truly unique product that will revolutionize asset trading and investment banking.
As well as asset trading, the trade.io exchange supports a more efficient and secures method of listing assets in the crypto economy, using the trusted record keeping capabilities that only blockchain provides. This is coupled with trade.io’s investment banking and advisory expertise and the reassurance that comes with operating in a regulated environment.
Trade.io recognizes the potential for Blockchain to transform the global trading system and as a result, has created an offering and product that not only fills a huge void in the FinTech space but which, most importantly, puts its investors’ and clients’ interests first.
Trade.io is endeavoring to become the gold standard in the blockchain fintech space in terms of compliance and AML procedures. While it embraces the true open nature that blockchain brings, it also adheres to strict AML/KYC procedures when it comes to onboarding and accepting clients and handling client funds. Trade.io has employed some of the top names in banking compliance with decades of experience both on and off Wall Street. Trade.io is intending to obtain a Swiss banking license, along with an exchange license.
Benefits of trade.io
- Blockchain Technology
- Investment Banking
- Liquidity Pool
- Daily Distributions
- Multi-asset Trading Platfom
- Compliant Exchange
- Trade Token
- Experienced Team
The trade.io platforms consist of three primary components:
- Web 2.0 Layer
- Cloud server & data storage
- Blockchain fabric
Trade token in Trade.io
Trade Token is a utility token that enables frictionless transactions of a wide range of assets on the trade.io exchange whilst also acting as a medium of exchange and a store of value. You can use Trade Token to participate in the trade.io shared liquidity pool and receive daily payouts (or debits in the case of losses) to your trade.io wallet in fiat and cryptocurrency.
There are many Cryptocurrency trading platforms that are available online. One needs to do proper research to find the one that best suits the requirements.
The pre-ICO launches the trade token which is an ERC 20 token and follows the standard specification required by the ethereum clients. It is used as the internal currency while performing trading and investment actions on the trade.io platform. Trade.io drives the usage of trade tokens over other cryptocurrencies by providing preferential payouts for investments with trade tokens over other cryptocurrencies or fiat.
The smart contracts that underlie this token are written using the Majoolr system. The team at Majoolr are well versed in decentralized applications and have a good understanding of the technical side of things. However, due to the ambitious nature of this project it is highly unlikely that just four developers would be able to produce the required platform according to the timelines given by trade.io.
It is also unclear if they have a plan in place to attract the requisite blockchain engineers to work on the platform. Since technical talent is highly sought after in this industry, this is a very important question that must be addressed with high priority.
Use of Funds
One of the most complicated aspects of this ICO, is the fact that the amount of money raised is completely dependent on when the users buy the tokens. The price of the Trade Token during the Pre-ICO is a fixed amount, while the price during the ICO will change depending on the time the user purchases the token.
This is not that uncommon, what’s strange is that there seems to be a huge disconnect between the White Paper and the website. The White Paper states that each ETH will give the user 1000Trade Tokens. On their website, trade.io provides 1000 Trade Tokens per ETH during the Pre-ICO, and 625 Trade Tokens per 1 ETH during the ICO .
This complex and unclear system forces trade.io to give an estimate on the use of funds based on a percentage of how much money they raised, instead of an amount. The reason this system is difficult, is that companies do not scale their budget by percentages. Having twice as many funds doesn’t mean you need to spend twice as much in legal, audits, or advisory. We wished that the company had 3–5 different scenarios, and the use of funds on each scenario, say, one for raising $5–10M USD, another for $50–99M USD, and one for > $200M USD.