XTRADE (XTRD) ICO Review

About XTRD

As of January 2018, there are over 120 standalone cryptocurrency exchanges, facilitating trading in more than 1000 individual markets. Daily trading volume for cryptocurrencies is now equivalent to 20 billion USD, with a total market cap of over $700 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 2018, and a corresponding 3% average daily trading volume of $50 billion or more.
Asset managers are beginning to see increased demand for cryptocurrency exposure in their portfolios, over 500 active funds are being created to enter the market in 2018, and the regulatory climate is warming. 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. XTRD was created by finance and trading professionals to solve those problems by both improving on and consolidating current trading practices.

Main things they want to bring

Transparency of price which will allow easily to notice arbitrage options
Liquidity of few exchanges right on one platform
FIX API, which will be universal to use, you wont have to code each type of every exchange
Private and Secure Pathways, faster and more secure trades due to proper IP matching
1 account, access to order books of many exchanges
There's more but those ive chosen as most important.

Project information

XTRD is comprised of a team of veteran Wall Street commerce specialists with a mission to unify the cryptocurrency exchanges. This mission has manifested in four product that ar all interconnected. These product ar a unified FIX API almost like ones already used for prime volume commerce, one purpose of Access (SPA) for cryptocurrency exchanges to extend liquidity, a downloadable commerce platform to known as XTRD professional, and a centralized Dark Pool for turning crypto into enactment. With a safer and concrete infrastructure, entities equivalent to banks, hedge funds, and enormous institutional traders will simply access cryptocurrency markets.

The following problems are associated with cryptocurrency trading :-

A complex web of exchanges
A combination of differing KYC policies associated with APIs, funding, and interfaces will result in a fragmented patchwork of liquidity for the cryptocurrency. Major concerns for traditional cryptocurrency market participants range from liquidity and hacking prevention to unmitigated slippage and counterparty risks.

High fees:-
The exchange commissions associated with trading of cryptocurrencies typically are in 0.1%-0.25% range per transaction, which are 10 to 25 basis points. The effective fees of transactions are much higher when taken into spreads and bids maintained by the exchanges. There is generally no central regulator or authority for examining internal exchange orders that systematically separates customer activity from proprietary activity, which can ensure fair pricing.

Thin liquidity:-
If not managed correctly and executed only on the exchange, a single order to purchase USD1,000,000 worth of cryptocurrency can cost an additional USD50,000-USD100,000 per transaction to the investors due to the lack of liquidity.

XTRADE offers the following solutions

Three separate products in sequential stages will be launched by XTRADE to solve the problem of low per market liquidity, decentralized execution in cryptocurrency space, and unfamiliar interfaces.

Stage 1. Implementation of the Multi Exchange Fix API
Xtrade will launch a universal low latency Financial Information eXchange (FIX) based API that will be connected to all cryptocurrency exchanges to make it easy for major algorithm traders, major institutions, and hedge funds to access all cryptocurrency markets by coding to just one FIX application.

Stage 2. Launching the XTRADE pro-trading platform
A highly robust, multi-exchange stand-alone trading platform will be launched by Xtrade in 2018 for active cryptocurrency traders around the world.

Stage 3. SPA (Single Point of Access) cross-exchange/liquidity aggregation
This platform will create a single unified point of access during stage 3 of development. It will aggregate liquidity across exchanges for cryptocurrency traders. In addition, it will allow traders to clear at the best possible price while systematically delivering the lowest possible transaction cost. It will also deliver atomic swap capability all within just one client-side account.

Features and Benefits of XTRADE

XTRADE wants to make it easier for institutional investors to interact with cryptocurrency markets. Here are some of the core features and benefits of the platform:

Price Transparency:-
XTRADE will aggregate prices from all exchanges in real-time. That means if Bitcoin is trading at a discount halfway across the world, traders will know.

More Liquidity:-
XTRADE will allow traders to instantly access liquidity worldwide, allowing for improved arbitrage opportunities, better prices, and higher execution quality.

Private and Secure Pathways:-
XTRADE will use IPsec technology and industry standard best practices for end-to-end encryption on its execution network in order to protect customer data. This system is also designed for speed – XTRADE will use private internet transatlantic fiber connections and demarcation points close to matching engines to ensure even non-collocated orders will be executed 40 to 60% faster, privately and securely.

Standard FIX Interface:-
One of XTRADE’s main benefits is that traders can write to the standard XTRADE FIX API wrapper in order to access market data and executions for all exchanges. There’s no need to mess with each exchange’s proprietary API – like the random REST, Websocket, Python, or whatever implementations they’re using.

1 to 2 Millisecond Trades:-
XTRADE claims users can expect to trader “100x faster” on their platform. Execution times can drop from 150 to 200 milliseconds to 1 to 2 milliseconds compared to public internet pathways. That’s because XTRADE has a point of presence in many major data centers, and they expect to expand throughout 2018.

Reduced Counterparty Risk:-
XTRADE’s balances give users the benefit of worldwide price improvement and liquidity without the counterparty risk and cumbersome process of opening international accounts.

Patent Pending Technology:-
XTRADE has filed a patent with the USPTO for its proprietary crypto asset routing and liquidity aggregation technology.

Lower Execution Cost:-
By trading at high volume across exchanges and aggregating trades, XTRADE is able to access lower trading fee tiers, then pass the savings onto clients.

Reduce Slippage:-
XTRADE’s liquidity pool aggregation and smart routing tools break orders into smaller pieces to ensure that slippage is a non-issue.

Multiple Markets with One Account:-
XTRADE allows traders to trade multiple markets with one account, with no need to open accounts at multiple exchanges and track prices manually.

Why is XTRADE (XTRD) a good project?

This platform wants to it simple for investors to effectively interact with cryptocurrency markets.
Price transparency: It will aggregate prices from all exchanges in real-time. It means that if any cryptocurrency is trading at a discount half across the world, cryptocurrency will know. Lower execution cost: This platform will be able to access lower trading fee tiers by trading at high volume across exchanges and aggregated trades. It will then pass the saving onto clients. More liquidity: This platform will allow cryptocurrency investors and traders to instantly access liquidity. It will allow for improved arbitrage opportunities, higher execution quality, and better price.
Reduced counterparty risk: This platform gives traders the benefits of worldwide price liquidity and improvement without the counterparty risk. Reduce Slippage: The liquidity pool aggregation and smart routing tools break into smaller pieces for ensuring that slippage is a non-issue. Multiple Markets with One Account: This platform allows investors and traders for trading multiple markets with a single account with no need to open separate accounts at different exchanges and systematically track price manually.

Token Details

Token XTRD
Token Price 0.1 USD
Total raised 31,000,000 USD
Hard cap 45,000,000 USD
Accepting ETH, BTC
ICO start 20th Feb 2018
ICO end 31st Mar 2018

XTRD ICO Conclusion

It is a trading platform that systematically connects multiple cryptocurrency exchanges into one simple API and enable user to find out that how to invest in ICOs. Users will be able to trade and exchange different cryptocurrencies around the world by using this platform. Investors will enjoy benefits such as higher liquidity, lower trading fees, and faster trading times by using this user-friendly platform. Advanced consolidated order books, customer order types, and hotkey order entry are features equipped in this platform.
The majority of ICO tokens such as Guardium, CryptoLoans, Ternio, BitCAD, CHERR.IO offer opportunities for smaller investors to participate in the sale. This token sale is designed for large investors with assets over USD1 million or income of USD200,000 per year.

Team

Team Members’ Areas of Expertise

Business experts
Alexander Kravets, Co-Founder.
Managing director at Genesis capital, an investment firm, for 10 years.
Sergii Gulko, Co-Founder and CTO
Founder and CEO of Axon, a tech company, for 12 years.
Jon Giacobbe, Co-Founder and COO.
Analyst at Goldman Sachs for 4 years.

Marketing experts
Tom Osman
Founder of Blocknauts, a crypto-specific marketing company.
Addison Huegel
Managing Partner at Elevator Communications, a marketing company, for 12 years.

Legal experts
One of their advisors, Gary Ross is a partner at Ross & Shulga PLLC.

Software engineering experts
The Engineering aspect of the platform is basically under the management of Axon, Sergi Gulko’s company. The following are the experts from Axon overseeing Xtrade’s engineering:
Aleksey Pekar
Alexander Levakov
Nikita Tropin
Sergey Pogorelovsky
Sergey Grishkin
Blockchain development experts
No team member with notable blockchain development experience.

Token sale structure experts
No team member with notable experience in token sale structure. However, one of their advisors Justin Wu works as the Head of Growth at Coincirle, and before that, he was an advisor at Unikrn during the launch of their token, Unikoingold. All these point to some token sale structure experience.

Partnaer

Social Media
Website: http://xtrd.io/
White Paper: http://xtrd.io/xtrd_whitepaper.pdf
LinkedIn: https://www.linkedin.com/company/18273025
Telegram Community: https://t.me/xtradecommunity
Reddit: https://www.reddit.com/r/XtradeIO
Telegram Announcements: https://t.me/xtradeannoucements
Medium: https://medium.com/@community.xtrd
YouTube: https://bit.ly/2sDQjfI
Twitter: https://twitter.com/xtradeio
Facebook: https://www.facebook.com/xtradeio/