PRE-SALE TOKEN GENERATION EVENT STARTS Q1


What is Xtrade?

As of September 2017, there are almost 50 standalone cryptocurrency exchanges, facilitating trading in more than 1000 individual markets. Daily trading volume for cryptocurrencies is now equivalent to several billion USD, with a total market cap of over $150 billion. The majority of the trading is concentrated among the top 20 exchanges, denominated in multiple currencies ranging from crypto ones including Bitcoin and Ethereum to sovereign ones such as USD, GBP, JPY, CNY, and KRW, among others. Predictions point to growth toward a $1-2 trillion market capitalization in several years, and a corresponding 1-2% average daily trading volume of $10-$20 billion.
 
Asset managers are beginning to see increased demand for cryptocurrency exposure in their portfolios, over 70 active funds are being created to enter the market, and the regulatory climate is warming.2 However, the market is nascent, and large spreads are common between exchanges on the same crypto pairs, allowing for ample arbitrage opportunities that don’t exist in more efficient markets.

The inefficiency is a product of cryptocurrency trading markets being highly fractured in terms of execution, account setup, automated access, liquidity, execution speed, pricing, and security.

 XTRADE was created by finance and trading professionals to solve those problems by both improving on and consolidating current trading practices
Issues in the Crypto Space


COMPLEX WEB OF EXCHANGES

A combination of differing KYC policies, means of funding, interfaces and APIs results in a fragmented patchwork of liquidity for cryptocurrencies. Trading in an automated fashion with full awareness of best pricing and current liquidity necessitates the opening and use of accounts on multiple exchanges, coding to multiple API’s, following varying funding and withdrawal procedures. Once those hurdles are cleared, market participants must convert fiat currency to BTC or ETH and then forward the ETH on to an exchange that may not accept fiat, necessitating yet another transaction to convert back to fiat. Major concerns for market participants range from unmitigated slippage3 and counterparty risk to hacking prevention and liquidity.
HIGH FEES Execution costs are even more of a factor. Typical exchange commissions are in the 0.1% – 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking into bid and ask spreads maintained by the exchanges. As most exchanges are unregulated, there is generally no central authority or regulator to examine internal exchange orders that separate proprietary activity from customer activity and ensure fair pricing.
THIN LIQUIDITY A large institutional order, representing a sizable percentage of daily volume can move the market for a product, and related products in an exchange by a factor of 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 a lack of liquidity if not managed correctly and executed on only one exchange. By way of comparison, similar trades on FX exchanges barely move markets a fraction of a percent; those price changes cost traders money, and deter investment.

The Xtrade Solution

STAGE 1 – IMPLEMENTATION OF A MULTI EXCHANGE FIX API
The Financial Information eXchange (FIX) protocol was created in 1992 to serve as the “universal” communication language for international financial transactions. Since all order systems are different, there was a strong need to communicate all executions between brokers, exchanges, mutual funds, investment banks, and direct market access participants using a universal format.

STAGE 2 – LAUNCHING THE XTRADE PRO TRADING PLATFORM
Most finance professionals and active traders don’t use web based trading platforms to consume market data and trade. Instead, they use robust, secure, standalone, downloadable applications that allow for fast order entry, immediate execution, advanced charting, and custom order types. Those applications provide customer support including feature development tailored to their customers’ demands. The most successful of these applications become platforms that are used to manage trading across multiple systems and asset classes.  
etc

STAGE 3 – SPA (SINGLE POINT OF ACCESS) LIQUIDITY AGGREGATION/CROSSEXCHANGE EXECUTION
Xtrade creates a single unified point of access to aggregate liquidity across exchanges for traders. This aggregation allows traders to clear at the best possible prices while delivering the lowest possible transaction costs as well as atomic swap capability 4 all with just one client-side account.


The Xtrade Project

Roadmap

New updated roadmap coming.

The Xtrade Token Generation Event
XTRD TOKENS 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.

Xtrade will utilize the funds generated form the token generation event to: • Facilitate the creation of the FIX API and Xtrade GUI platforms; • Maintain a large balance sheet allowing for cross-exchange execution with Xtrade 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; and • Create a venture arm to seed emerging trading technologies in the crypto execution space deemed complementary to Xtrade’s mission
Token Distribution

Use of Funds



Team

THE XTRADE.IO TEAM HAS EXTENSIVE EXPERIENCE DEVELOPING SOPHISTICATED TRADING PLATFORMS FROM THE GROUND UP, SPECIALIZING IN MARKET DATA, EXECUTION, CLEARING, COLOCATION, AND ALL FACETS OF HIGH FREQUENCY AND DMA TRADING INFRASTRUCTURE.

XTRADE PRINCIPALS AND ADVISORS HAVE WORKED IN ACTIVE TRADING FIRMS ALL OVER THE WORLD AS WELL AS LARGE FINANCIAL INSTITUTIONS SUCH AS GOLDMAN SACHS AND JP MORGAN IN TECHNOLOGY, OPERATIONS, AND SALES ROLES.

IN ADDITION, THE TEAM HAS STRONG ENTREPRENEURIAL EXPERIENCE, HAVING LAUNCHED SUCCESSFUL COMPANIES IN INDUSTRIES RANGING FROM FINANCE TO AI BASED VISUAL ANALYTICS.

Hey guys, any idea when a diff retarget will kick in now that block chain is going again? Solo mining again, able to resync no problem.

Hi guys, I just opened my wallet and it looks like it is stuck on block 76310 from 3 days ago. I mined some Songcoin at the end of last year so this wallet is from around then, but it synced fine all the way up to block 76310. Hate to be the bearer of bad news, but I was going to try to solo mine some more blocks to support the net hash and this is what I found!

someone should be a sport and help out whoever is putting up that big buy on c-cex..  that would generate some attention once people see they are missing out!

was going to buy when it was below 200 last week but missed it.   first transaction come on!  

Saw that it was one person inflating the volume as it was happening, but doesn't really change anything. KTK is on radar now and about to be added to c-cex at the end of the week, and has a solid dev and gameplan in the works.

Couldn't have scripted it any better, thanks to you my friend and the people who voted on c-cex with btc but got knocked back to 2nd place.

Hey everyone, got all my KryptKoin between 132 and 176 about a week ago--wasn't expecting such a quick turnaround on my BTC already! And I hadn't realized, but once I'm staking I will be on the top 20 richlist with the rest of you guys. Congratulations everyone, I think this is only going to continue and maybe this weekend we will see some real action when it hits c-cex.   (Keep voting!)

Anyway, is this information all still current? https://bitcointalk.org/index.php?topic=606809.msg10999611#msg10999611

What do you think, KTK breaks 1k this weekend?  

edit: And credit where credit is due, thanks to LordPiccolo and a very few other crypto-twitter folks for repping it here and on c-cex and the past few weeks. And of course a thank you to our dedicated and talented devvie as well.

If you guys are doing all of this stuff, isn't the "Lazy" in your name going to turn into a misnomer?  Nice work, nice place to relax.

Well if that means Gunther is out we should actually try to do this thing. I almost want to compile a best-of of all his posts in this thread.

Dev had an opportunity to save this coin, instead he waffled, left the "decision" up to the community, and ultimately did nothing. Dev has to burn premine and cut supply if he wants to save this coin.

Or is he just gone now?

Woooo just opened my Potcoin wallet for the first time since February and realized I still have over 300 from a mining pool in there! I feel like one of those Bitcoin forgotten-wallet success stories now. Too bad they're not worth more though, lol.  

Thanks. Cutting PoW supply/keeping 10 CETI block reward not an option?

Curious as to why the only options on the poll are either to wait/do nothing or to increase the block reward. Is there a reason why block reward can't stay at 10 if PoS starts sooner? Can't we cut total supply in order to reduce length of PoW phase instead? Seems like that should be a poll option.

Increasing block reward will only dilute the value of the coins that those of us who have been mining diligently have already minted. Any increase in block reward will almost certainly be met with a proportional increase in network hashrate, favoring those who start mining after increase rather than those of us who have already been mining. Math.

I thought the same thing until i checked bittrex's history and saw the 20BTC of volume at 2k. 

Would feel sorry for the guy if he weren't acting like the most ridiculous 12 year old in his posts.

Pay this guy no heed. He sank 20 BTC into a random altcoin at the height of a price jump and lost 95% of it, I think that speaks volumes as to his judgement. He has been in here DEMANDING that the dev sink some imaginary money into propping up the price for him so that he can exit. Then the dev would be in precisely his shoes. He has no regard for anything besides propping up his own ego instead of taking responsibility for his own bad decisions.

Can you not buy a shitcoin at 2k and then complain about it as you hold it all the way down to 200?

What a creep.

Wow, was not expecting it to hit nearly 1k already today. Congratulations everyone, and I would like to thank the devs for their commitment and a job well done.

And fwiw, poker site appears to be working for me in my browser (Chrome).

   

wouldn't coinmarketcap/richlist show if there were more than ~4.2mill coins in circulation?