XERA ICO REVIEW
Greetings to my dear readers. And then came the long-awaited vacation, and now I’m ready to introduce you to interesting projects.
For this I will publish the most promising projects, in my opinion. And you read, think and make decisions for yourself. It’s no secret that the daily use of digital media is growing at a high rate. Now, perhaps, it is rather difficult to find a person who has never been associated with digital media.INTRODUCING XERA
Currently, there are more than 500 cryptocurrencies exchanges located across different geographic regions locations, but major feature gaps continue to afflict these exchanges. Some key issues for the existing cryptocurrency trade includes liquidity, security, latency issues and lack of automation functions. Each of these problems translates in a limiting and frustrating experience for experienced and new traders.
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 currently establishing partnerships with professionals from various industries to assist in the development of a robust trading platform. The overall objectives of the platform are to:
● 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.
More specifically, 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.
THE XERA EXCHANGE
The XERA exchange will commence as a cryptocurrency-only exchange. This means that cryptocurrencies may only be purchased using other cryptocurrencies on the platform. We understand the benefits of incorporating fiat onto our exchange since Fiat currency continues to be superior 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 primary unique value propositions of the XERA exchange centers on the suite of capabilities available to traders on our platform. For our 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, we will add other cryptocurrencies based on a careful assessment of their demand, as the trader onboarding progresses.
There are several features on the XERA exchange
that will make the trading experience
far superior to other cryptocurrency exchanges.
An overview of the key components of the
XERA platform is outlined below.
*TWO INTERFACES: BASIC AND ADVANCED
The recently established sector of cryptocurrency trading has attracted a generation of new traders and investors – both experienced and inexperienced. However, 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 timeframes.
*MULTI-DEVICE STANDARDIZED FEATURES
Whether XERA users are trading from their laptop, or via their mobile device, our platform features will be developed to work seamlessly across all devices and apps.
With the XERA platform, traders will be able to set SMS and email alerts for a variety of indicators including, but not limited to:
● Bollinger Bands
● Momentum Oscillators
● Moving Averages
Our 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.
The XERA coin will be a utility token used as an incentivization for XERA platform participants, which includes the following benefits:
With the XERA coin, traders will be able to exchange them for reduced fees. The exchange fee on the XERA platform is 0.1%. For example, if a trader is trading BTC/ETH, the exchange fee can be reduced by 50% using the XERA coin. Using a smart contract, this amount will be automatically calculated and reduced from the XERA tokens held in the trader’s wallet.
Our token price is $0.50, and a locking period will be in place until end of Q1 2019. The minimum investment in the ICO is 0.1ETH. Ethereum will be accepted as payment during the ICO. The token sales details are as follows:
● Total token supply: 95,000,000 tokens.
● 70% of token supply in ICO for sale: 66,500,000 tokens.
● Soft cap: 26,600,000 tokens (40%).
● Hard cap: 66,500,000 tokens (100%).
● 30% Reserve: 28,500,000 tokens to be held in a reserve for future use for internal purpose.
The XERA token sale will start on October 1, 2018 and conclude on November 27, 2018. The token sale will occur in three stages:
PUBLIC SALE STAGE 1:
OCTOBER 1, 2018 SALE STARTS.
OCTOBER 10, 2018 SALE ENDS.
PUBLIC SALE STAGE 2:
OCTOBER 15, 2018 SALE STARTS.
NOVEMBER 3, 2018 SALE ENDS.
PUBLIC SALE STAGE 3:
NOVEMBER 8, 2018 SALE STARTS.
NOVEMBER 27 2018 SALE ENDS.
ICO FUNDS DISTRIBUTION
The funds raised from the target of selling 70% of the token supply (66,500,000 tokens) during the ICO will be used for several purposes:
● 30%: Product Development
● 20%: Security
● 20%: Legal, Compliance, and Regulatory
● 15%: Sales and Marketing
● 10%: Office Establishment
● 5%: Miscellaneous
Thirty percent of the tokens (28,500,000) will be held in a reserve for the development of the XERA platform and can’t be sold before 1 year from the date of the initial token sale. After a year, they can be sold/utilized up to maximum of 7,125,000 tokens per quarter.
Commencing in Q4 of 2017, the XERA team has been completing all of the background work required to establish a high-quality cryptocurrency exchange platform. The fully-functional XERA exchange will launch in Q1 of 2019. The table below outlines all steps on the roadmap.
• The origin of platform idea.
• Development of the concept and business plan.
• Project specification and roadmap design.
• Development and technical team setup.
• Company registration.
• Design draft and initial funding.
• Complete team setup and ICO structure.
• ICO design and development.
• Design mobile application for Android and iOS.
• Token Sale preparation.
• Phase 1 of the ICO Sale
• Launch of the ICO website.
• Complete XERA Litepaper
• ICO Sale.
• Bounty & Offers
• Authenteq partnership
• Phase 2 and 3 of the ICO Sale
• ICO Sale ends.
• Expansion of the team.
• Exchange development.
• Establishing legal agreements and regulatory adherence for fiat acceptance and to launch in various countries.
Q1 2019 • Exchange launch.
• Listing whitelisted projects.
• Announcement of partnerships with a financial institution.
• Release of fully-functional Android and iOS apps for trading.
• Integration of tool for auto-trading.
Q2 2019 • Backend engine optimization.
• Security feature enhancement.
• New functionalities and tool support.
Official Website: https://xera.tech