A secure and transparent trading norm is basically what every investor wants. Trade.io seems to be intent on giving them just that. A platform that enables investors and traders to interact, trade and make transactions with complete transparency.
In the aftermath of the 2008 recession, the financial institutions were rescued by the governments while the investors were left flailing. This displayed the chinks in their armors. The idea that banks could fall to their knees was a bit much for the common man to believe.
Since then, the institutions have recovered and are now as prosperous as ever, but whos to say there wont be a repeat of the blunder from a decade ago? No one. That is why we need an independent ecosystem that gives everybody the equal opportunity to thrive.
The ecosystem is backed by blockchain making it decentralized, secure and instantaneous. They also have a crypto-currency for the platform called trade tokens. The digital currency enables a free flow of trade and makes seamless transactions for commodities possible.
There is a pre-ICO sale underway that gives you the chance to buy these tokens. It ends on 25 November 2017. The sale hit the soft cap mark of $5 million in less than a week and is half a million away from their liquidity goal of $10 million. So far, theyve raised a whopping 9.5 million USD in the pre-ICO sales.
Attaining their soft cap goal is just one of the several hurdles they have to cross. But, the achievement allows them to build the proprietary exchange infrastructure based on theblockchain. The infrastructure will be available for beta testing from January 2018.
Furthermore, it allows the platform to accelerate the process of integrating with present third-party platforms that may enhance its function in addition to adoption of AI for features such as price discovery. On top of all that, it helps strengthen their liquidity pool.
Their funding checkpoints will portend how the platform succeeds in its goals. For Blockchain exchange, they have set an objective of $30 million. Compliance of smart contracts stands tall at $50 million while an alternative system of trading, as well as Swiss banking license, requires a funding of about $75 million.
The hard cap is established between $100 million and $125 million, which will allow the ecosystem to flourish, acquire technologies and companies that strengthen the ecosystem, and further consolidate the liquidity pool. More information can be gathered from the platforms whitepaper.
The ICO starts from 5 December 2017 and will conclude on 15 December 2017. A few companies have already decided to come aboard the ecosystem while several others have shown strong interest in following the suit.
Why should you choose them over any competitor, though? Fair question. Apart from the blockchain technology and a team of veterans, the daily distributions, compliant exchange, liquidity pool, and the existence of trade tokens give trade.io an edge over its competitors. Theres still a long way to go, but if their current status is any indication, the platform is here to stay.