Saturn Black

Saturn Black | Ecency

Saturn's Profit

Initially, the exchange protocol was created for atomic exchange only with commissions of the blockchain transaction. The services of Saturn will be an additional commission, which will amount to 0.2% for stock exchange transactions, 0.5–5% for over-the-counter transactions and 1–5% for auction transactions. The final commission terms will be approved during the launch of Saturn releases in accordance with the roadmap.
In addition, for several assets the company will independently provide bilateral liquidity, making a profit in the form of price spreads.

XSAT Token as liquidity standard

An important role in the infrastructure and business model of Saturn is assigned to the XSAT token. The global task of the team is to achieve liquidity of tokens, including the use of a token as a payment instrument with the ability to instantly exchange for goods.
XSAT will be used as a quotation asset in Saturn services: exchanger and over-the-counter transactions, auction and escrow.
In addition, the project team is working on a model for using the XSAT token as an asset security. But talking about it is still early.

Atomic Swap Protocol for Crypto Assets

The direct atomic exchange protocol allows for the exchange of crypto assets, initially incompatible with the blockchain, without the participation of a third party. For example, through an atomic transaction, you can exchange bitcoin for lightcoin directly from wallets.
The swap exchange protocol guarantees mutual execution of the transaction by the parties or cancellation of the transaction if the bilateral terms of the transaction are not met.

In this example, Bill has bitcoin, and Sarah has a XSAT token. Let's say Bill wants to buy the XSAT token from Sarah, and Sara is ready to sell it for Bill's bitcoins. Through a swap protocol, Bill and Sarah make a transaction, receiving a counter asset, provided that each of them fulfills the conditions of the transaction. If the conditions are not met unilaterally, nothing happens and, more importantly, the loss of the crypto asset that was scheduled for the exchange does not occur. The exchange described in the example is already implemented in the swap protocol.

Saturn exchange service and XSAT token liquidity

Another reason for the current fall in prices for crypto assets is the team considers the final withdrawal of players from "dying" markets. This means that players sell crypto assets without repurchase targets. The lack of counter consumer demand makes the fall the most likely scenario for such markets. Inaction or deliberate insider action project teams make the situation hopeless. The stuck assets of large investors will lead to a further fall in prices as soon as investors decide to fix their losses. And it is a matter of time.

The idea of the Saturn team is to solve the problem of secondary demand by liquidity in less liquid markets.
Implementing this concept, Saturn launches services for transactions with cryptoactive assets.

XSAT Token is the main price asset of the project’s exchange services. A feature of Saturn is that adding quoted assets to the listing is simplified by determining the declared assets of the players by voting. The Saturn community is the main engine of liquidity on the platform. Developers take into account reliable demand from customers, as opposed to paid lists that are popular in the market today.

The team constantly emphasizes the need for counter consumer demand in the secondary market and the intention to ensure consumer demand in the maximum number of trading pairs with XSAT, BTC, ETH and stablecoins. The main deposit required to maintain liquidity and profitability for the services the team plans to allocate at least 50% of the funds raised as part of the sale of tokens.

By placing the XSAT token on publicly available crypto exchangers, the developers intend to reduce the impact of Saturn's services on the price of the token. For example, the trading volume of a BNB token is 90% distributed within the Binans exchange; KCS is 100% inside Kucoin exchange. Developers are thinking of setting a fair price, but the distribution of trading volume cannot be so centralized. For this purpose, the team tries to get into the lists of instruments traded on popular exchangers, as the project community grows.

Every bitcoin in the secondary market is bought for traditional paper currencies, which still remain the link between the value of cryptocurrency and goods. The team believes that this situation will not change quickly, so they intend to integrate the simple exchange of crypto assets for paper money. Inside the Saturn platform, the exchange is carried out in pairs with several stablockcoins that can already be used.

useful links

Website: https://saturn.black
Bitcointalk theme: https://bitcointalk.org/index.php?topic=5075635.0
White paper: https://saturn.black/wp-content/uploads/2018/11 /saturn-white-paper-eng-1.0.1.pdf
Facebook: https://www.facebook.com/Saturn-Black-200220127527617
Twitter: https://twitter.com/saturn_twitt
Instagram: https: // www. instagram.com/saturn_xsat/
Blog: https://saturn.black/blog/
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