Featured ICO: Trade.io – blockchain trading platform that will disrupt the financial ecosystem and democratize the market
What is Trade.io?
This project is a breakthrough in the newest blockchain technology, a new trading platform that will change the financial ecosystem and democratize the markets. CEO of trade.io is Jim Preissler.
They use peer-to-peer platforms in order to support the trading of a wide range of assets. This ICO will launch its own cryptocurrency called the Trade Token. Investors can now get this token in their Presale.
The Trade Token
This token can be called a utility enabling hassle-free transactions. A wide range of assets can be traded on trade.io, also, this token acts as a store of value that could become more valuable as the userbase grows and trading on the platform becomes more popular.
Trade Tokens can be used to participate in the trade.io shared liquidity pool to receive daily payouts in FIAT or Cryptocurrency.
Why Does trade.io Need Crowdfunding and How Much Do They Need?
According to trade.io, assets worth more than 5.3 trillion dollars are being traded on a daily basis on Forex. Also, they mention cryptocurrency trading which market cap reached $178.9 billion today – a surge of roughly 850% this year.
Following these numbers, trade.io emphasizes hat the market will just keep expanding and they will issue 500 million tokens. Despite this, their soft cap is 5 million and as of 14 November, the company announced that they have already surpassed this. This funding enables trade.io to execute a multitude of their initiatives. Further funds raised during the ICO will be used to support the expected exponential increase of trading on their platform. Also, they need the funding to fully support IPOs on their platform, as well as ICO projects. Trade.io states that the Trade Token is a funding currency for traders to trade, and it is also a P2P lending currency. All in all, this number of tokens is needed to support the functionality of the platform and maintain enough tokens in the circulation.
They also mention the fact that the bigger token offering reduces the possibility of price manipulation during the early days. They want to avoid trolling with a small circulation in the market which could hinder the token spread.
The main members of the team are the following:
Jim Preissler (CEO)
Chien Lee (Board Member)
Damian McDowell (Board Member)
Roy Gutshall (Board Member)
Manmohan Sigh (Chief Strategy Officer)
William Heyn (Capital Markets)
Charles Voltron (CTO)
Luke Szkudlarek (CMO)
Desikan Narasimhan (Chief Engineering Officer)
Ravi Condamoor (Chief Data Officer)
John Valenti (VP Institutional Sales)
Eugene Vaynblat (Operations Manager)
Lori Thodde (Finance Manager)
Kendra Holman (Head Customer Relations)
Simon Choi (Head Of Legal)
Also, trade.io is backed by early adopters:
Primus – Capital Markets UK
Token Sale Details
7th – 25th of November
Price: 1 ETH = 200 Tokens (0,005 ETH)
28th November – 15th December
Price: 1 ETH = 150 Tokens (0,006 ETH)
Total Supply: 500,000,000
Tokens for Pre-ICO and ICO: 275,000,000 (55%)
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