ICOs are not new. Everyday a new company decides to “disrupt” a new industry with its revolutionary approach. But, there’s only a finite number of times that you can reinvent the wheel before you start regurgitating the previously invented.
Very few ICOs actually manage to find its feet before the crowdsale even begins. Trade.io is one of them. The blockchain-based trading platform seeks to disrupt the current financial system and decentralize the platform by utilizing peer-to-peer networks in order to support the trade of a wide array of assets.
The new platform will deal with its own crypto-currency called Trade tokens, which are acquirable right now via its presale. The token is a utility currency that will be used among others, for transactions on a variety of assets.
The tokens may also be used to participate in the platform’s shared liquidity pools. One may also use the digital currency to buy assets or ICOs/IPOs on trade.io’s exchange. Users of the ecosystem shall also get daily payouts to your digital wallet in crypto-currency and fiat.
The Pre-ICO rate for the tokens is set to1 ETH (Ether) = 1000 trade tokens. When the ICO begins, however, the price will come down to 625 tokens per a unit ETH. The pre-ICO period ends 25 November 2017, having started on 7 November 2017.
The tokens that go unpurchased during this duration shall be carried over to the ICO period. ICO begins on 5 December 2017 and ends on 15 December 2017. After this period, the unsold Trade tokens shall be destroyed.
With the omission of liquidity pool, the burned percentage will be matched through other allocations. With a total supply of 500 million tokens, the currency runs on Ethereum ERC-20. To learn more about the tokens as well as the project, itself, head over here to read the company’s Whitepaper.
The allocation of tokens will be divided as follows: Apart from the 275 million Trade tokens available for pre-ICO and ICO, 100 million tokens are for developers and founders, 55 million are reserved tokens, while advisors and vendors, and liquidity pool retain 20 million and 50 million tokens, respectively.
The platform has already cleared its soft cap of $5 million and is on course to top its liquidity pool funds. This is still a far cry from its established hard cap of $100 million- $135 million, but we must keep in mind that it is still in its pre-ICO period.
Three companies, namely FXPRIMUS Ltd, POWtoken.com and Primus Capital markets have already signed on to become the early adopters of trade.io with five more showing interest in trading, ICOs, and IPOs on the ecosystem. These companies include Incentives SA, Tail and Fin, The Great Fundamentals, and Educ.Pole.
The ecosystem’s advantages over competitors include its “revolutionary” peer-to-peer trading platform, liquidity pool, daily payouts, and the underlying blockchain technology. In the recent past, this is one of the more exciting ventures surrounding a platform for trading.