#XTRD, #cryptocurrency, #cryptotrading.
https://xtrd.io/
https://xtrd.io/xtrd_whitepaper.pdf
https://bitcointalk.org/index.php?action=profile;u=1320462
10% - Advisor Pool
Advisor pool tokens will be issued to current
and future advisors. XTRD advisors will
consult on all facets of the XTRD project,
such as market structure, cryptocurrency
space developments, execution systems,
regulations, business development, legal,
and other vital matters.
1% - Bounty
Bounty tokens held in reserve to incentivize
bug bounties for the XTRD smart contract
to find potential bugs related to stealing
or locking user funds, stealing the bounty,
causing the “buy” function to be uncallable,
and other smaller bugs. Bug bounties will
also apply to public Github repositories
and coding projects/challenges XTRD will
publicly release to the algo trading and
crypto community.
50% - Token Generation Event
Token Generation Event Token Generation
Event tokens will be sold via SAFT, followed
by a crowd sale if necessary. This will be the
primary liquidity pool for XTRD tokens.
29% - XTRD Reserve
These tokens will be held in reserve by
XTRD. Reserve tokens will be allocated to
incentivize partnerships between XTRD and
cryptocurrency exchanges, and to provide
an additional pool of liquidity for tokens
to be purchased by users in the XTRD
ecosystem.
10% - Team
Team tokens will be issued to XTRD’s
founding team, and will also be subject to a
180-day vesting period from the date of the
Token Generation Event.
70% - Balance Sheet for SPA
In order to facilitate the SPA structure, XTRD
will need to allocate funds across inventory
accounts in a spectrum of crypto exchanges.
This will be vital to ensuring speedy crossexecution
for client orders and ensuring there
is enough net capital to facilitate daily trades in
between cross-exchange position and currency
sweeps – and to provide clients peace of mind
regarding XTRD’s net capitalization.
Accordingly, most of the funds raised from the
token sale will be used to maintain this balance
sheet for trading capital. The balance sheet
will also serve to mitigate counterparty risk for
clients while trading with multiple exchanges
facilitated by just one trusted account.
15% - Platform Development and Operations
Funds allocated here will be used for salaries,
office space, sub-contractor software
development work, travel, and other operational
expenses.
5% - Legal and Compliance
As the regulatory framework around cryptocurrency
coalesces in multiple jurisdictions, XTRD expects
to work hand in hand with regulators and be ahead
of the curve in terms of regulatory adherence, rule
drafting, necessary registrations, and preemptive
legal analysis. These are funds well spent.
VPS, or Virtual Private Server, is a service whereby
a client can upload their coded trading strategy to
our servers at a datacenter close to cryptocurrency
exchanges, and reduce their execution time by a
factor of over 100x compared to trading via public
internet lines. By leveraging current virtualization
technologies, many clients can utilize the same
physical server, while managing their strategies
securely and remotely.
This service is particularly attractive to hedge funds
and institutions who will code to XTRD’s universal
FIX spec, as it will eliminate the need, cost, and
time investment to establish a point of presence
directly at the datacenter. XTRD VPS is a one stop
solution – financial developers will be able to
write to our API and co-locate with us for industry
leading speed.
