XERA – Dynamizing Cryptocurrency Trading
Cryptocurrency seems to be the latest technological trend that many investors are recently focusing on. In the world of cryptocurrency, there are various problems that serve only to convince potential investors to become part of the revolutionary blockade. Cryptocurrency trading also comes with its own challenges and these challenges arise because of the nature of the market and the fact that it uses blockchain technology, a decentralized approach, and platform.The challenges in cryptocurrency exchange have been a major setback to the growth of the industry and this points to the reason why the market is not globally adopted so far. Poor liquidity, poor market regulations, long process of compliance and complex integration are some of the challenges plaguing cryptocurrencies. Financial Institutions and banking sector benefits from these factors and government are planning to legalize the digital currencies. Some of the key issues in existing trading exchanges include security issues, lack of liquidity, latency problems, and a severely limited selection of automated functions — all of which translates into a limiting and frustrating experience for seasoned and new traders alike. Listed below are some of the existing problems:
- Limited order types
- Lack of auto-trading tools, unlike traditional platforms
- Liquidity issues
- Poor customer service
- Lengthy validation process for KYC approval
- Lack of regulated crypto-fiat exchange
- Poor or no audit process
- Slow engine and high latency
- Security issues followed by hacks and theft
The XERA exchange is going to transform the way cryptocurrencies are traded, offering traders and investors a seamlessly integrated solution for their cryptocurrency investing. XERA’s exchange will address the issues and challenges traders are facing with cryptocurrency exchange platforms while providing an integrated solution for traders and investors who are interested in the cryptocurrency market. XERA will provide the professional tools and resources that traders require for precise trade execution.
XERA is positioned to offer traders and investors detailed reporting, advanced charting features, one cancels other (OCO) order features, multiple order types, price alert system, real-time profit and loss updates, and competitive trading fees. Whether a cryptocurrency beginner or advanced trader, everyone is welcome on the XERA platform.
OBJECTIVES OF THE PLATFORM
- Deliver an integrated cryptocurrency trading platform to traders and investors;
- Establish itself as having the most in-demand capabilities within the cryptocurrency exchange market; and
- Attract and retain a team of credible partners and team members with a proven record of success within the realm of cryptocurrency, thereby delivering an exceptional trading experience to XERA customers.
THE XERA EXCHANGE
The XERA exchange will commence as a cryptocurrency-only exchange, that is cryptocurrencies may only be purchased using other cryptocurrencies on the platform. The advantages of consolidating fiat onto the exchange is well understood since fiat currency keeps on being better in liquidity when compared to cryptocurrency and adding this to the exchange will increase the number of participants. More participants equals to a higher volume on the exchange thus boosting liquidity. As the exchange grows and develops, fiat currency will be accepted. One of the essential exceptional offers of the XERA exchange focuses on the suite of capabilities available to traders on the platform. For the inaugural launch, XERA will support trading in the following coins:
- BTC (All coins can be traded with BTC)
- ETH (will be disclosed later, what coins can be traded with ETH)
- XERA coin (All coins can be traded with XERA)
However, other cryptocurrencies will be added based on a careful assessment of their demand, as the trader onboarding progresses.
FEATURES OF THE EXCHANGE
- Two Interfaces: Basic and Advanced
Many cryptocurrency exchanges can be difficult to navigate for both beginner and professional traders alike. To resolve this challenge, XERA is developing two interfaces: basic and advanced. The basic interface will be intuitive and easy for beginner traders, while the advanced interface will have extensive charting features and technical indicators across multiple time frames.
- Multi-Device Standardized Features
The platform has been developed to work seamlessly with all devices and apps be it a mobile device or laptop.
- Price Alerts
Traders will be able to set SMS and email alerts for a variety of indicators. The Price Alert function will signal a trader when the price of a cryptocurrency reaches a level they have been monitoring. Traders currently have to use third-party tools for this purpose, but this will be fully integrated within the XERA platform.
- Real-Time Profit and Loss Updates across Time Frames
Traders will be able to view their profit and loss in real-time as a percentage and in BTC across time frames of 24 hours, 7 days, and 30 days.
- The XERA Token
The XERA token can be used by traders to reduce their trading fees and through our token buyback monetary policy, continue to generate additional value for their cryptocurrency portfolio.
- Trading Information and How-to Guides
There will be an automated tutorial section that will help new traders learn trading in the easiest possible manner. Be it the UI, withdrawals or expert level trades, you will have access to understand, learn, implement and improve your trading with the help of visuals, voice and AI.
- Built-in Trading Automation
XERA provides a scripting environment for trade automation that allows traders to implement their trading strategies via direct coding so that the trades get executed automatically based on user implemented logic. Users will have access to all market data, technical indicators, account balance, open orders and trade history via scripting. The exchange will also provide a simplified interface for users to configure indicators, set up certain conditions, and perform trades automatically.
Improving liquidity on crypto trading platforms is one way to encourage mainstream adoption. To make it one of the priority solutions, we will dedicate 10% share from profit generated from trading fee and put that in a reserve liquidity pool. This will ensure that liquidity remains healthy all the time
- Highly Secure
Our experienced security team is backed by a rigorous set of audits and the latest innovations in cybersecurity. Not only are we committed to handling your crypto and fiat, but also ensure that personally identifiable information (PII) should be completely secure from theft and unapproved accessibility
- Lightning Fast
Our exchange is going to be on one of the fastest engines with super low latency. Have a look at our POC system in the “ALPHA TESTING” section. We were able to sustain a 2.5 Mtps throughput and super low latency and will keep on working to enhance it and create an HFT (High-performance trading) system with increased scalability
Our exchange allows traders to implement their trading strategies via direct coding methods which will automatically execute their trades based on user implemented logic. Users will have access to all market data and technical indicators via the scripting language, so traders can quickly implement and auto-execute their favorite trading strategies
- Notification Mechanism
Traders will receive instant SMS and/or email notifications for their defined tasks, orders, and pre-defined indicators. You will not have to stick to your screen and wait for the order fulfillment. Once defined, you will receive notifications when your tasks/orders are complete. Also, your trade will be automatically triggered with the Auto-trading feature
- Multiple orders
Worried about whether to put stop-loss or target sale sell? Why not both? And why not more than that? XERA supports a plethora of order types including OCO (one cancels other), Limit, Market, Stop, Stop-Limit, Trailing Stop, Fill or Kill, and Scaled.
- Integrated on-site Tutorials
The only exchange with tutorials that help you learn how to trade in less than 30 minutes. Be it the UI interface, withdrawals or expert level trades, you will have access to understand, learn, implement and improve your trading capabilities with help of visuals, voice and AI. Easily accessible on laptops, tablets, and mobile devices
- Dual Dashboard
On one side, our simple UI design will provide an intuitive and easy interface to trade and on the other traders will have advanced capabilities such as four-hour time frames, zoom-in/out, global volume presentation, extensive charting features and technical indicators across multiple time-frames and much more
- Fiat integration
It’s undeniable, fiat currency still reigns supreme for its liquidity and relatively stable valuation. As such, we are securing the required legal agreements for offering fiat as a payment method
EXCHANGE COMPETITIVE ANALYSIS
The Xera token is developed on the ERC20 standard and is going to follow the Ethereum platform. Our token can be used by traders to reduce their trading fees, and through our token buyback monetary policy, continue to generate additional value for their cryptocurrency portfolio. The token will be the native currency for XERA and will be priced at $0.50 per token.
Benefits of the Token
- ERC20 Compliant
“XERA” will be the ERC20-standard token developed on the Ethereum blockchain acting as the native currency and designed to support and fuel our complex ecosystem
- Reduced Fee
A very small fee of 0.05% will be levied when the trade is done in pairing with XERA coin when compared to our standard 0.1% when paired with BTC
- Token Buyback
At the end of each quarter, we will buy back XERA tokens from 20% of the total quarterly profit generated from trading fees. These coins will be burned to increase the demand and value of our shares and combat inflation
- Token Symbol: XERA
- Token Protocol : Ethereum, ERC20
- Token Sale Start : 1 October 2018
- Token Sale End : 27 November 2018
- Max circulating supply : 95,000,000
- Tokens for sale : 65,500,000
- Token Price : 0.50 USD
- Payment methods : ETH
- Softcap : 11,172,000 USD
- Hardcap : 29,260,000 USD
- Country: UK
- Whitelist/KYC: KYC
- Restricted areas: USA, China
- 5% Reserve
- 10% Advisors
- 15% Team
- 70% ICO Crowdsale
Intended Use of Proceeds
- 10% Offices
- 15% Marketing and Sales
- 20% Legal, Compliance & Regulatory
- 20% Security
- 30% Product Development
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=4812706.msg43416450#msg43416450
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.