Trade.io Review November 29, 2017 – Posted in: Reviews
The Main Idea
TRADE.IO is aiming to bring transparency, efficiency, and lowered fees to the asset trading by utilizing the blockchain technology. The platform is also aiming to be the leading exchange for traditional companies to raise funds from the crypto communities and the most cost-effective platform to facilitate investment banking services.
Such acclaimed players in the Forex industry as FXPRIMUS and Primus Capital Markets UK have committed to incorporate trade.io after it’s ready.
Basically, trade.io is a peer-to-peer exchange with multiple assets, including crypto and traditional assets in a shared liquidity pool. Participants of the liquidity pool will also have an opportunity to get passive income and may think of the pool as a version of stock in the trade.io company.
Technically, the platform will consist of 3 main elements: web 2.0 layer, cloud server and data storage, and the blockchain fabric advancement. To establish a peer-to-peer trading platform, the Ethereum mainnet and the Raiden network will be used.
According to the project’s roadmap, trade.io is aiming to form the liquidity pool by January 2018, launch the exchange in April 2018, obtain the banking license and launch an investment bank by July 2018, integrate MT4 by August 2018, and, eventually, apply to IPO in December 2018.
trade.io uses the trusted record keeping capabilities provided by the blockchain to raise efficiency of the asset trading.
Shared Liquidity Pool
The concept of shared liquidity pools allows getting multiple revenue streams, including transaction fees, spreads, margin interest, etc.
Members of the liquidity pool receive distributions every day in fiat money and cryptocurrency.
A token used on the exchange and having multiple purposes, from participating in the shared liquidity pool to getting various benefits.
The platform meets investment bank requirements and is aiming to assist others in raising funds and listing on the exchange.
The platform will support crypto assets, Forex and CFDs over precious metals, oil, indices, global equities etc.
trade.io closely works with financial regulators and is fully compliant with strict AML/KYC policies.
Team of Experts
The team and advisors behind the trade.io are highly experienced in blockchain, trading, fintech, and investment banking.
Considering the features of the Trade Token, it is not a security, and has the following purposes:
- a medium of exchange on trade.io
- a store of value to purchase goods and services
- a membership in the trade.io wallet to the liquidity pool
- a coupon for preferred access to new listings or products on trade.io
- a coupon to receive higher levels of benefits
Trade.io is aiming to use the raised funds as follows:
- Development and implementation of the blockchain into legacy systems
- Development of the wallet, trading dashboard, wallet, legacy system integration and the integration with blockchain backend
- Introduction of new products fitting the trade.io exchange
- US broker license integration
- Obtaining a Swiss banking license, US FX exchange license, and other additional financial advisory licenses
- Establishment of the Investment Bank
- Launch of the Seed & Venture Fund
- Expansion of compliance and operations
|Token Name/Ticker||Trade Token (TIO)|
|Total supply||500,000,000 TIO|
|Crowdfunding supply||275,000,000 TIO|
|Minimum amount for participation||0.1 ETH|
|Distribution time||After the ICO|
|ICO Dates||7 Dec, 2017 – 4 Jan, 2018|
Team members have many years of experience on and off Wall Street, as well in the banking compliance.
Sonny Singh, Chief Commercial Officer at BitPay
David Hannigan, FX Trader at UNTL Capital LLC
Tom O’Reilly, Former Senior Vice President of Sales at FXDD
Nizam Ismail, Partner at RHTLaw Taylor Wessing
Christopher Zenios, Former Chief Marketing Officer at Web Theoria Ltd
John Patrick Mullin, Senior Buy-Side Research Analyst at Guotai Junan Securities
Roy Hen, Partner & Chief Producer at Conversion Pros
John Lewis, CMO at Conversion Pros
Michael Greenberg, Founder & CEO at Finance Magnates