IDAP – The International Digital Asset Platform – Transforming Crypto Asset Market
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, 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 arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly 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.
Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. idap.io will issue its own token, the IDAP token (IDAP), which will be based on Ethereum blockchain (ERC 20). IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. There will be zero trading fees for ICO contributors.
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, our goal is to become the most diverse crypto derivatives marketplace for buyers and sellers.
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 vision is to transform the crypto economy. We endeavour 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 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 the mobile app. The full features list of IDAP 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.
The custom arrangement of market data, order and trade history, positions, charts and technical tools, other data items and color schematics.
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.
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.
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.
Another key feature by IDAP to disrupt the crypto trading domain is the IDAP Simulator. The idea is to introduce a ‘Trading Simulator’ crafted especially 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 behavior 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:
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.
This will give the users an access to over the counter (OTC) trading with a very user-friendly interface.
The ecosystem also has borrowing and lending feature where borrowers and lenders can directly connect, and lenders can lend money to borrowers. Here P2P lending can be done in both fiat and cryptocurrency.
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
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
OWASP Top 10 Compliant
Extended Validation SSL Certificate
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.
Characteristics of IDAP Token
Zero Trading Fee
Lifetime zero trading fee for ICO participants buying 20,000 or more IDAP tokens.
Discount in Trading Fee
50% permanent discount on trading fee if paid in IDAP token.
Management & Listing Fee
Applicable Management & listing fee will be charged in IDAP token.
Burning of IDAP Tokens
20% of IDAP tokens received as fees will be burned till supply reaches 500mn.
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’ 17 – Q1’ 18
Idealization & conceptualization of IDAP ecosystem
Detailed research and analysis, team building, advisory board formation and strategic partnership.
IDAP ICO launch and company formation
Website launch, Lite paper and white paper release, community building, token listing & sale, company registration in Estonia, license procurement for derivatives trading and asset management, product development.
IDAP exchange development
Product architecture and front-end development, alpha version testing, banking partnership, derivatives market products testing, API integration testing, community building, token sale and exchange marketing.
IDAP exchange launch
Beta version testing, web & mobile application trading, derivatives product offering, extended cryptocurrencies and tokens listing, desktop application and ICO venture fund.
Integration of investment instruments
Investment instruments like ETF, crypto indices and P2P lending will be integrated into the platform.
Provide ICO incubation services and implement user feedback driven product improvements.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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