According to the founder and CEO of LeverJ Bharath Rao, “the perfect exchange is secure but frictionless, transparent yet private, decentralized but always high performance."
LeverJ, pronounced the same as the word leverage, began as an exchange for privacy advocates. It quickly gained a loyal following of experienced traders and formed CoinPit. And it now does millions of dollars in cryptocurrency trading.
The same team is building LeverJ.
LeverJ is targeting the largest trading market in the world, derivatives, worth an estimated 1.2 quadrillion dollars.
The problem with the current system is that it needs a lot of time consuming and expensive regulation to make it all work together. LeverJ believes with cryptography and game theory you can eliminate the need for many types of regulation.
LeverJ is built on the Ethereum platform and its primary token will be the LEV token. It will be of a fixed supply and act as a license to transact on the platform. A secondary token called FEE will be the accounting mechanism of the platform. Owners of LEV can earn FEE, but only if they lock up their tokens for a pre-determined time. You can read more about the two tokens from CEO Bharath Rao here.
The token sale is supposed to start some time in September. Unfortunately I can’t find an exact date. But you can find the terms and conditions here.
The platform will feature decentralized identity, hardware wallet support, on-chain settlement, automated trade management, and enhanced reporting.
Also, being a decentralized exchange your funds are never held by LeverJ. So you never have to worry about withdrawing funds when you need them.
Down the road the enhanced trading platform will add features such as subscriptions to other traders, trade replay videos, and historical data replay. For even more detail check out the white paper.
Also worth noting is that LeverJ just added ConsenSys as a technical advistor. ConsenSys is led by Joseph Lubin and is a big proponent of Ethereum.
For more on cryptos follow me @g-dubs and on SteemFollower
How is this the first decentralized exchange? Bitshares has been doing that for years, and there are some others like the Waves decentralized exchange. Any info on what differentiates this?
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First decentralized cryptocurrency futures exchange... thanks for pointing that out, I corrected the title.
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looks like a good platform
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It has some history, that's good. I'll try it out eventually.
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@g-dubs this project seemsto have a great potential to disrupt and gain the derivatives market, thanks for sharing. Just upvoted. @gold84
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Thank you!
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good
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thank you for sharing valuable information.
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Thanks!
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cool
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this looks really good might buy this one. thanks for sharing really good post
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Thanks!
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Awesome platforme...
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this looks really good, decentralized leverage.. im in!
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Looks like a trader's paradise... and you're truly you're own bank... i'm in too!
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Honestly I'm getting kind of leary but I think I like the name on this one. It's interesting how many different names there are. Have you seen what's going on with TENX? All of the ICO customers are pretty upset because they can't get that debit card and the price has plunged below $2 again..... you can read about it on Facebook.
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Haven't heard that yet about TenX but still like them long-term. Sounds like growing pains. I only invested a small amount so if it goes to zero, I can still live. LeverJ I'm just watching.
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@originalworks
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The @OriginalWorks bot has determined this post by @g-dubs to be original material and upvoted it!
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@g-dubs got you a $3.07 @minnowbooster upgoat, nice! (Image: pixabay.com)
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This post has received a 1.07 % upvote from @booster thanks to: @g-dubs.
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This post has received a 1.43 % upvote from @bellyrub thanks to: @g-dubs.
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