I am glad to live in this era and I really appreciate the efforts of people who have already done so much into contributing to improvements in technology; the benefits of which we are utilizing now and appreciate the technology itself, which allow us to present our ideas, and their transformation in to a working products, to you cryptocurrency, is a revolutionary idea taking birth in the form of Bitcoin. It has now expanded to various genius ideas, providing opportunities to people improving the business ethicality, making the concept of the world as a global economy a truth and much more.
From studies achieved, it is proven that bitcoin has taken the lead in this 21st century and so many crypto projects are everywhere. People are taken lively component in crypto initiatives and the need for a comfortable and occasional exchange we develop step by step each day.
Cryptocurrency exchange trading is the only means an investor or a trader can exchange his/her token paid to him/her in the quest of investing in a given crypto project or by advertizing the crypto project on his/her social media channels.
In the course of the trading token on a crypto exchange, traders are faced with some real problems like losing their token in the process of trading their token.
For instance, what happened to my very self when I was trading my thug coin token on forkdelta exchange, I lost my thug coin token to an unknown buyer in the process of trading it on forkdelta exchange.
With all these problems that traders are really facing in trading. Soraix has taken a bold step in trying to solve this problem.
Soraix has developed a platform under blockchain technology, that’s fast, secure, easy, and user-friendly. Where traders can trader their tokens with a trusted buyer and they cannot lose their tokens to unknown buyers in the process of trading their tokens on soraix platform.
SRX TOKEN
The Soraix token (SRX), will be pegged 1:1 to a segment of Equity Tokens trading on our platform.
For example: let’s say a given company issues 100,000 Equity Tokens to be traded on our platform, at an initial cost of $100 USD per Equity Token (or, $100 per share, if we were to refer to the stock market). A portion of these issued tokens during their ETO (Equity Token Offering) on Soraix, will be remitted to Soraix as part of the ETO listing fee. Soraix will then make that portion of equity tokens available for trade on our platform against the SRX token using a direct 1:1 exchange.
Regardless of the cost of these Equity Tokens in the general pool ($100 in this example), the segment of Equity Tokens available to SRX token holders will be offered at a 1:1 peg (or, 1:1 exchange, where one such Equity Token (in this case worth $100) can be traded for just one SRX token).
By anchoring the SRX Token on a 1:1 exchange ratio against Equity Tokens emitted by both public and private companies, the demand for the SRX token will remain strong and poised to grow. The SRX Token will remain an undervalued asset, as long as it’s value will remain below that of Equity Tokens traded on our site. This unique benefit offered exclusively by Soraix will enable anyone who holds the SRX token to often purchase digital equity tokens of companies at a significant discount, thereby in all likelihood continue pushing the value of the SRX token upwards.
The SRX token will thus feature two vital attributes missing from both fiat currencies and most cryptocurrencies & tokens: the SRX token will be issued in limited supply, and will be pegged to something of actual value on a 1:1 peg.
Equity Tokens traded on our site will be available for purchase at their regular market price (mirroring the company’s stock share market value (if the company is publicly traded). For example, an Equity Token issued by a company who is listed on the NYSE with a value of $243 per share, will also be traded on the Soraix platform at $243. However, as noted earlier, a segment of these Equity Tokens will be available to be exchanged for the SRX Token, on a 1:1 basis, even if the SRX Token at that moment is worth only $10.
In this scenario, the SRX token holder would essentially be able to purchase an equity token traded at $243, for just $10.
The amount of any given company’s Equity Tokens available to be traded against the SRX Token will be limited, ensuring a constant demand for (and retention of) the SRX Token.
If 100,000 Equity Tokens are listed on Soraix exchange by a given company wishing to raise capital, let’s assume 5,000 of those will be available for exchange against the SRX token. The 95,000 remaining Equity Tokens will be available for purchase on our platform at their current market price, via both fiat and cryptocurrencies.
As noted earlier, in this example, the 5,000 equity tokens offered to SRX Token holders, will be available on a 1:1 peg against the SRX Token, until those 5,000 Equity Tokens are exchanged for SRX Tokens.
We anticipate the purchasing power of the SRX Token as a means to share in our revenue will greatly enhance its appeal to our user base and ensure it’s stable growth as a digital asset of significant value to investors. It is our intention to reward those who invest in our token by enabling them to share in the revenue every new ETO launched on our platform generates for Soraix and SRX Token holders. In short, we believe there’s no benefit to building something unless you plan to build something better than what’s already out there
SORAIX PLATFORM
• Soraix will migrate all forms of traditional trading (stocks, futures, derivatives, commodities, etc.) onto our blockchain. In short: ‘tokenize’ virtually any trade-able asset.
• Crypto currencies, fiat, equity tokens, and other digital assets will be exchangeable against each other on the Soraix exchange.
• Instant Trades (“Open Trades” will offer the option of one-click instant-trades, if a user no longer wishes to wait for the desired target price to be reached).
• Leverage will be available to our traders.
• Our users will have the option to store assets on secure Soraix wallets or transfer them to their own private wallets at any time.
• Our platform will support a wide range of fiat and cryptocurrencies both in the form of deposit and withdrawal.
• Securitization of digital assets.
• Native mobile app (Q1, 2020).
• Protection against exposure to financial loss resulting from trades on our platform. (In the interest of protecting our intellectual property behind this innovative product, we will release further details post-launch, towards the end of Q4, 2019.)
MARKETPLACE:
• Profiles of all digital assets available for trade, along with scoring, price, change, detailed charting and market sentiment.
• Dedicated Equity Token portal, with unique design and enhanced features exclusive to Equity Token trading.
LEADERBOARD:
• We will provide an engaging leaderboard, offering users a look at our most successful traders, along with details about their investment portfolios (the degree to which this information will be available, will be determined in each user’s privacy settings).
• Social trading: users will have the ability to copy trades (portfolios) of anyone on the platform who’s portfolio (trading activity) is set to Public.
• Users will have the ability to communicate with anyone else on the platform (provided both users have this option turned on).
GLOBAL MINDSET:
The first version of our platform will be available in all major languages (English, Chinese (Mandarin/ Cantonese), Japanese, Korean, French, German, Italian, Spanish, Russian, Polish), with additional languages added in subsequent releases.
SECURITY;
• Security will remain at the forefront of our priorities, demonstrated by our investment in Swiss-based servers, engagement with Swiss financial institutions, and our company’s domicile in Zug, Switzerland in
the interest of providing our users with the peace of mind associated with Swiss privacy laws and world-class corporate regulations.
• Soraix platform will offer both 2-factor and 3-factor authentication protocols.
• Funds stored by Soraix will be held in cold, offline storage at some of the most trusted Swiss financial institutions, with only a small portion of funds remaining on our servers – sufficient to offer uninterrupted liquidity on our platform.
• Our wallet structure will offer multi-signature security features.
• Our platform will invest generously in robust security systems virtually eliminating the risk of successful Denial Of Service attacks.
• We will offer IP whitelisting.
• Third-party security audits will be a standard on Soraix
• Anti-Phishing Alerts
• Withdrawal confirmations (via eMail/SMS), adding an additional layer of security
SRX TOKEN ALLOCATION
Allocation of the SRX token will be as follows:
TOKEN DATA
Token name Soraix
Symbol SRX
Blockchain Ethereum/ERC20
No of Tokens 1 000 000 000
Issue Date At time of participation
ICO Schedule
August 26, 2019, at midnight European Central Time ICO official start (10% Bonus).
September 9, 2019, at midnight (5% Bonus).
On September 23, 2019, at midnight, the remaining ICO period begins.
November 24, 2019, at midnight ECT, the ICO Token Sale ends.
For more information please follow soraix on the following social media channels.
https://soraix.com/
https://twitter.com/Soraix3
https://www.facebook.com/soraixteam/
https://www.reddit.com/user/Soraix
https://soraix.com/static/whitepaper.pdf
https://www.linkedin.com/company/soraix/about/
Author: vin22
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1751889
Wallet Address: 0x50976cbdD54EdC5d6e81ef100484E76DDb9aF7DF
