Ever since its conception; blockchain has presented itself as a revolutionary technological force set out to disrupt and offer an improvement over the old paradigms which govern a vast array of industries. In doing so cryptocurrency; the lifeblood of blockchain technology, has quickly established itself as one of the fastest growing asset classes in our recent history. The opportunities blockchain technology has to offer have not gone unnoticed. This is exemplified by the ever increasing number of established- and emerging companies employing blockchain technology, as well as government bodies that are exploring its implementation on a global scale.
While the tech savvy and attentive venture capitalists have long since discovered the cryptocurrency market, there still are a lot of institutional and retail investors that have yet to enter the market. We see governments, banks, and corporations implementing block chain pilot projects, while independent users and investors are actively entering the crypto currency market. IDAP, an upcoming International Digital Asset Platform(IDAP), where one can access the diverse trading and investment instruments to participate in the ever-growing cryptocurrency market has come to place, before i proceed on this , please check out this video presentation
What is IDAP?
idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs.
The International Digital Assets Platform (IDAP) is the first self-contained ecosystem for the cryptocurrencies derivatives trading market. Contained within this ecosystem are the IDAP Exchange, the IDAP Desktop App with advanced trading tools and most importantly, crypto derivatives instruments by IDAP, for trading and investment. By bringing together individuals and institutions in need of risk management or with an eye at profit via risk acceptance.
The volatility of the current crypto market has made it imperative that the issue of risk management and hedging options for crypto assets be addressed without delay. Traders being free to take long and short positions and to bet in both the bull and bear run of the market, thus being able to diversify and optimise their portfolio performance, are all made possible by the introduction of a highly diverse and wide range of multiple crypto based derivatives products, including Futures, Spreads, Swaps, Options and Crypto Indices. Moreover, the trading of these above mentioned financial instruments deepens the liquidity of the market, in effect stabilising the price points of the underlying crypto assets. This is what the IDAP ecosystem for crypto derivatives market trading has exclusively been built to achieve.
Our goal is to become the most diverse crypto derivatives marketplace for buyers and sellers.
Our vision is to transform the crypto economy. We endeavor to create a secure, robust, customer centric and full-featured crypto asset market exchange that enables investors to experience numerous diversified trading and investment opportunities under a single roof.
IDAP TRADING TOOLS AND FEATURES
- Desktop Application
IDAP will provide its customers, the trader-friendly ‘Desktop App’ with custom features for a seamless trading experience. In conjunction with our flagship trading tool, the Desktop App, customers will also have access to our exchange via the in-browser trading app as well as mobile app. The full features list of our Desktop App includes:
- Order entry form supporting Market, Limit, Stop-Loss, Stop-Limit, Iceberg, trailing stops, OCO, bracket and various other conditional orders.
- Real-time market data charts supported by generic and advanced technical indicators and analysis.
- Account and position monitoring, order book, trade history, fill book etc.
- Custom arrangement of market data, order and trade history, positions, charts and technical tools, other data items and colourschematics.
2. IDAP Ladder
For the assistance of intraday and professional traders, IDAP is introducing ladder trading to crypto market. Being one of the key features of this crypto trade & exchange platform, the IDAP Ladder will enable the traders to view price action, best bid and offer, last trades’ price and quantity, total traded volume at each price, high and low market points of the day, depth of market orders and various other critical data related to trading. The IDAP ladder will allow the traders to submit, modify and cancel orders with one click (Power of Point-and-Click Trading). The IDAP ladder will also help in visualizing the relative position of correlated products, neatly displaying this data in the user dashboard.
3. IDAP Matrix
The IDAP Matrix will serve as a crucial trading tool. With the IDAP Matrix, traders will be able to view market data for all contract expirations of an asset as well as market data for exchange-quoted spreads for the underlying asset, all in one window. Traders will have the ease to trade, place, modify and cancel orders directly through the IDAP Matrix.
4. IDAP Spreader
The IDAP Spreader will allow traders to create, manage and execute synthetic spreads based on futures contract available on the IDAP exchange. Synthetic spreads are intermarket spreads, whose prices are not quoted on the exchange itself, but have to be calculated based on the underlying contracts listed on the exchange. For example, a user can create synthetic spreads of Bitcoin (BTC) and Ethereum (ETH) through the exchange quoted spreads of BTC and ETH. This is another distinguishing feature that is unique to IDAP exchange ecosystem.
5. IDAP Simulator
Another key feature by IDAP to disrupt the crypto trading domain is the IDAP Simulator. The idea is to introduce a ‘Trading Simulator’ crafted specially for crypto trading. The only difference will be that the user will get a real- life experience of the crypto assets market without using ‘real funds.’ IDAP hopes to create a band of enthusiasts and amateur traders that can benefit from IDAP simulator and step into the real market, once they are ready.
The IDAP Simulator is ideal for those who are new to futures trading and wish to familiarize themselves with market action and trading without risking real cryptocurrency. Currently, no other crypto exchange platform is offering such a feature to enable learning for trading beginners. IDAP Simulator will replicate real-time market data and trading conditions to help users understand the market dynamics, general market behaviour and how to manage trade and associated risks. This is yet another USP of our platform for facilitating education and learning for traders, enabling them to gain virtual experience in the crypto asset trading.
IDAP is solving all the problems of the current trading crypto market and providing users diversified trading and investment instruments, advanced tools, very good customer support to resolve any query at any time and increased security to the users and their transactions. IDAP ecosystem is giving users the extended product offering which consists of the following:
- Spot Trading
IDAP will provide users with spot trading for crypto coins and tokens where users can have choice of both crypto-crypto and crypto-fiat pairs. Initially pairs like BTC/Altcoin, ETH/Altcoin and IDAP/Altcoin will be offered in this ecosystem.
- OTC TRADING
IDAP will provide a user-friendly interface allowing easy Over-the-Counter (OTC) access to crypto market trading for investors. Customers will be able to avail this feature by connecting with our OTC desk to proceed further with their trade.
- P2P LENDING
IDAP will provide the feature of a lending platform within its ecosystem, where passive investors can lend their balances to others in need. In other words, it will act as a peer-to-peer (P2P) loan disbursing platform to connect lenders and borrowers. The daily lending rate will be determined by the market and lending will be done in major fiat and cryptocurrencies.
- Exchange Traded Funds (ETFs)
An Exchange Traded Fund (ETF) is a low cost, diversified investment vehicle that allows investors to lower risks and maximize profit potential. Bear in mind that this product is subject to license procurement by the platform. IDAP plans to offer the following ETFs in first phase.
a. Crypto Payment Coin ETF
b. Top 25 Crypto ETF
c. Top 50 Crypto ETF
IDAP will assess launching additional ETFs to allow investors to focus their investment portfolio selection through sectoral diversification. In each case, investors will benefit from the movement of the given investment index tracking the coins/tokens involved.
5. ICO INCUBATION
The selected upcoming projects will get assistance in this platform. Entrepreneurs, advisors, industry leaders and developers will provide these projects technical consultation, resources and initial funds to help them grow.
- IDAP Institutional Grade Matching Engine
The matching engine supports Direct Market Access (DMA), Central Limit Order Book (CLOB), Request for Quote (RFQ), Implied Orders functionality for futures market, fast price-time priority and pro-rata Orders Matching Algorithm, industry standard FIX-based interfaces for order management, advanced conditional orders like OCO (One-Cancels-the others), Brackets, icebergs orders and more. IDAP matching engine is a blazingly fast and highly scalable order matching server with the throughput of more than 1 million transactions per second equipped with advanced risk controls.
- SOR And TOMS
Increasing the number of various cryptocurrency exchanges leads to liquidity fragmentation. To tackle the issue of thin liquidity and even benefit from such a situation, IDAP will implement Smart Order Routing to choose the best prices and order distribution to manage liquidity. Smart Order Routing will be performed by IDAP’s Smart Order Routers, a system designed to analyze the order books of other exchanges and perform best possible order placement. SOR will optimize execution of trades by using advanced routing rules and algorithms when directing orders to various parties including exchange, users, and ECNs. IDAP Trade Order Management system (TOMS) will provide a high-end order management via FIX interfaces and will also make the order history database accessible
- Security Measures
IDAP has identified and reviewed the industry best practices in terms of security measures and designed our platform to include top-level security features to safeguard both the client’s funds and trading operations from hostile penetration attempts. Some of the key security features include:
- Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS)
- Third-party security auditing for Level 1 CCSS certified platform
- Insurance of online/hot wallets
- Up to 3-Factor Authentication
- Multi-Firewall Protection
- DDoS prevention
- OWASP Top 10 Compliant
- Extended Validation SSL Certificate
4. Customer Support
Despite the boom in cryptocurrencies and enthusiasm amongst people over the past few years, crypto exchanges have been constantly reported to deliver a poor customer service. For instance, many of them fail to address general trade issues over the phone simply because there is a lack of manpower or knowledgeable employees. Moreover, during a technical malfunction, crypto exchanges suspend new account registration and fail to timely alert their customers. Eventually, they are unable to address all the inbound queries from the traders using their platform. There is a strong need for excellent customer support delivery. Therefore, IDAP has a strong focus on delivering a strong customer support 24/7. Some of the features of IDAP’s customer support plan are:Customer usability product design
- Customer feedback has driven product improvement
- Multiple platform support
- Detailed FAQ section and Tutorials
- 24/7 customer desk
THE IDAP TOKEN
IDAP token is ERC20 token based on Ethereum blockchain. It’s a utility token and is an integral part of our platform.
FEATURES OF IDAP TOKEN
- Zero Trading fee For ICO contribution
This is a special feature of IDAP that add values for its customer, This feature has been introduced for the first time in the crypto exchange domain. IDAP will not charge any transaction fee for our ICO participants who buy 20,000 or more tokens.
- Trading and Management Fees
IDAP will charge modest trading commissions. Our tentative fees are as follows:
a. Spot trading fee 0.05-0.10%
b. Derivative trading fee 0.015 -0.03%
c. Service fee on P2P Lending 7.5* -15%
d. ETFs No entry fee, 2% exit fee
e. ICO venture fund 2% Management fee
- 50% Discount using IDAP Token
IDAP Tokens can be used to pay for trading commissions as well. Permanent discount of 50 percent will be applicable for
the fee paid on all the transactions via IDAP Tokens. Also, any promotional discount will be in addition to the above mentioned 50 percent.
- Burning of IDAP Tokens
IDAP will remove 20 percent of all the IDAP tokens from circulation received as trading commissions and other platform fees and will continue burning these tokens until the total supply of IDAP tokens reaches 500 million.
Token Name – IDAP
Token Type – ERC 20
Token Price – $0.03
Pre-Sale – 25 June To 24 July 2018
Crowd Sale- 7 August To 30 August 2018
Soft cap (in IDAP) – 200,000,000
Hard Cap (in IDAP) – 750,000,000
Total Supply (Fixed) – 1,000,000,000
2018-06-25 – 2018-07-24
2018-08-07 – 2018-08-30
USAGE OF FUNDS
Q4-2017 to Q1-2018
- Ideation & conceptualisation of the IDAP ecosystem
- Detailed research and analysis conducted
- Core team built
-Advisory board formed
- Strategic partnerships made
- Website launch and Lite Paper release
- White Paper release
- Community building
- IDAP exchange platform development
- Company registration in Estonia
- Release of IDAP demo platform
- License procurement for derivatives trading and asset management
- Public voting for coins/tokens that will be listed on the live exchange
- Start of token sale
- Product architecture development and testing
- Front-end development
- Formation of banking partnerships for fiat integration
- Derivatives market products testing
- Advanced APIs integration and testing
- IDAP Exchange marketing
- Alpha release
- Test run of platform features
- Beta release of the platform
- IDAP Exchange launched, supporting desktop, web & mobile apps
- Listing of top voted coins/tokens on IDAP Exchange
- Gathering of the ICO Venture Fund
- Integration of extended product offerings
- ETF integrated into IDAP platform
- P2P lending functionality enabled
- Crypto Indices integrated into IDAP platform
- Customer feedback collection and analysis
- IDAP’s ICO incubation services launched
- New cryptocurrencies added to exchange listing
- Evolved, improved and new product offerings based on customer feedback
- Integration of live news tracking and analytics tools
The Amazing Team
The Team Advisor
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