New innovative exchange backed by a $50 million liquidity pool providing revenue sharing on a daily basis opens its doors to the market.Since the BETA launch this June, the community of ‘TIOnauts’ have been stress testing the exchange, and have actively contributed towards the development of the platform’s high-end specifications, ensuring a user-friendly exchange with a fully customizable widget-based user interface.
As of today the exchange platform is available to 1,000 pre-selected users, with further release groups to be announced soon. All new registrants will join a waiting list to start trading on a first-come, first-served basis.
https://cdn-images-1.medium.com/max/800/1*9l1jC-mOXCJpGZAgYNwzug.jpegOne of the key advantages of the exchange is that unlike competitor exchanges, any downtime during system updates will be completely eliminated. This will help to avoid the loss of trading opportunities for exchange registrants. Furthermore, through the industry’s premiere revenue distribution mechanism, the liquidity pool, TIO holders will enjoy the success of the trade.io platform on a daily basis.
trade.io’s CEO Jim Preissler commented on the official launch,
“The trade.io Exchange has been designed to give power back to customers by democratizing and disrupting the financial industry. What we are doing here is recapturing revenue and distributing it back to customers. With the help of our team of experts in the FinTech and blockchain sectors, we have created the future of crypto exchange here today.”Since the closing of its ICO, trade.io has offered a series of airdrops for holders of its cryptocurrency (TIO), consisting of altcoins belonging to upcoming verified, high-potential ICOs. Moreover, investors could also purchase for the potential ones which have been vetted by trade.io at discount or with bonus.
Updates from Management:Dear TIONauts,
So far so good in terms of the launch, as we’re about 36 hours into it with overall positive feedback so far. We just wanted to update on a few things that are currently being worked on and future plans:
1) The dev’s are currently working on addressing the following bugs that were brought up:
– “invalid token” message issues
– inability to save presets
– activation of USDT & BCH
– streamlining some withdrawal issues
There are of other minor issues as well that we’re working through, but the above are the “biggies” we’re looking to address asap and will communicate as these issues are addressed.
2) In terms of adding additional users to the platform, as has been announced the first 1,000 pre-registrations were added at launch. There is NO definitive schedule in terms of timing of adding additional users nor the number of additional users being added and in which intervals. Management will make this decision going forward based on its satisfaction with the exchange stability. As new users are added they will be added and we will communicate to everyone.
3) As has been noted, the liquidity pool (LP) is not yet open and will not open any earlier than August 23rd. We will communicate with everyone when the LP is open.
4) We have every intention of de-listing TIO from all centralized exchanges and having TIO only be traded on our exchange. Out of fairness, this will only occur once our exchange is open to everyone. However, we strongly encourage those that have access to the platform to start using our exchange exclusively to trade their TIO’s. This will expedite the process of making our exchange the central location for TIO, and will also expedite the listing of trade.io on CMC.
5) Now that the exchange has opened, the moderators are allowing price of TIO, projections, etc. to be openly discussed on the official trade.io Telegram channels. With that said, the other rules remain the same with respect to no spamming, posting of external links, no profanity, etc.
Please continue to provide feedback, and we appreciate everyone’s continued support. Again, so far so good!
Regards,
trade.io ManagementAbout trade.iotrade.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, trade.io has created a truly unique product that will revolutionize asset trading and investment banking.
References: 1. trade.io on Medium:
trade.io Launches Unique, Community-Led Crypto-to-Crypto Exchange 2. Registration to the trade.io Exchange is available here:
signup.trade.io
