Summary
Over the past few decades, there has been a radical shift from tangible investment to digital investment (crypto-assets). The significance that gold held is now secured by Bitcoin in the digital sphere. Almost 50% of the capitalization of the crypto market lies with Bitcoin and the rest 50% is with altcoins. More than 2000 altcoins with low liquidity have made the market of crypto assets as a speculative market. This speculative market is further segmented into cryptocurrency and token. The cryptocurrency is decentralized and used as a universal payment instrument, while tokens serve as a payment instrument of the individual company. The society is at the cusp of centralized digital currencies and such measures can bring a radical change in the market. This will elevate the demands for crypto assets. Some analysts predict a boost of capitalization of the crypto market to 80 trillion USD in the next 15 years. Before that, the investors need to sustain in this volatile market.
At present, traditional capital owners are attracted to Bitcoin. However, most of the investors are skeptical about investing in other crypto assets. Hacked third-party trading platform, trading & withdrawal fees and delay in withdrawal are some of the factors that make the investors skeptical. The professional investors, market makers and manipulators constitute 90% of crypto investors while ordinary consumers or non-professional investors contribute the rest 10% of volume. The consumers/investors perceive crypto assets as a speculative instrument due to lack of infrastructure. Thus, there is a need for volatility, liquidity, security, reliability, risk control and a quick exchange process in order to attract more and more investors in this sphere. Furthermore, at present, there’s a need for a platform that can offer liquidity to low liquid crypto assets and create a convenient and safe platform for crypto trading.
What is Saturn Black?
Saturn Black is a cross-chain exchange and OTC trading platform for crypto assets. The company entered the sphere of crypto assets to offer a convenient and credible method of trading crypto assets. It worked on the shortcomings of the former market scenario to create a secure and liquid market for the exchange of crypto assets. It is a platform that facilitates a direct cross exchange of crypto assets. The platform is an amalgamation of convenience offered by direct cross-chain exchange and reliability as they guarantee secure as well as legal wallet to wallet exchange.
Website: https://saturn.black/
Whitepaper: https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
Roadmap
November 2018: Launch of Saturn
Saturn was launched along with its Saturn Token (XSAT). It began with token’s primary sale and fundraising to support its launch.
December 2018: Escrow Transactions
Payments on brokerage order quantity of 50 BTC and above for buying and selling of crypto assets will be made through the escrow account. Escrow facilitates secure & legal transactions of crypto-assets. Furthermore, a large number of crypto-assets can be sold and bought without any hassles. OTC transactions through atomic swap (wallet-to-wallet transactions) are facilitated which are ideal for investors and blockchain startups.
February 2019: Direct Atomic Swap
XSAT token pairing with BTC and USDT was incepted. With this, a large number of crypto-assets can be traded at the best price. Facilities like the security of transactions, better settings for placing order and low commission charges allow the seller to connect effectively with potential buyers.
March 2019: Inclusion of XSAT in crypto exchange list
XSAT became a legitimate crypto-asset and featured in the crypto exchange list.
July 2019: Saturn Black app for mobile payments and broker
The team is planning to launch a mobile application under the name of ‘Saturn Black Brocker’ which will be available in Google Play and Appstore. Payment system linked to the brokerage card and payment card will be incepted.
3Q 2019: Trading with security token
A licensed European broker and mobile management will support trading and contract investment on the blockchain via mobile app. The users can trade with a security token.
Future Prospects
OT auction: 3Q 2019
Saturn intends to auction crypto assets with different levels of liquidity. OTC auction at the starting market price will be launched.
Atomic trades: 4Q 2019
A P2P exchange model on swap protocol will be launched by Saturn.
Transaction with EURO and USD: 4Q 2019- 1Q 2020
The team of Saturn is developing fiat currency infrastructure for the exchange of crypto assets with EURO and USD. The model will facilitate atomic exchange, OTC trade, direct cross-chain trade and OTC auction.
Saturn Black Payment Card
Saturn will launch Saturn Black X, a payment card for token holders with over 10,000 tokens. This card will have a limit of €300,000 annually. Many perks such as daily payments, online purchase of crypto assets at market price, brokerage account and global cash will be offered with the card.
Market capacity of Saturn Black
The capitalization of the crypto market has gone down from a value of 800 billion USD to 200 billion USD within a year in 2018. This 75% fall can be attributed to inflated capitalization. Nearly 600 billion USD has been lost.
Bitcoin occupied over 50% of market share while the top 10 crypto assets occupied 30% of the market share of the crypto market at the beginning of the year 2018. So, the top 10 cryptocurrencies along with Bitcoin constituted 80% of the market share i.e. 160 billion USD. The rest 2000 assets with low-liquidity constituted only 20% of market share i.e. 40 billion USD. Saturn’s team assumes that the prices of assets and liquidity will fall further. So, according to them, they’ll impact 99.5% of investors by offering them a proposal to exchange their low liquid assets with XSAT.
Why choose Saturn Black?
Reduced risk in exchange
When exchanging with the third party, one can face several drawbacks like hacking, blocking of funds and at times, one may witness freezing of withdrawals without any reason. So, one cannot trust third party exchangers completely. However, Saturn Black ensures 100% safe and reliable platform as it does not include any reliance on the third party. It uses a direct atomic swap protocol that allows users to exchange crypto-assets and make transactions from wallet to wallet. Thus, no amount is blocked and the coins remain in the wallet till the time a transaction is made.
Speed of transaction and withdrawal
Saturn exploits robust software which ensures speedy exchange. Other platforms spend some time in the process of exchange, some in the process of transfer and some in the process of withdrawal. Under ideal circumstances, roughly 5 minutes are elapsed in a transaction. However, at Saturn’s platform, only 10-30 seconds are elapsed in sending the crypto asset to another party’s wallet and that’s it. So, customers get 30 times speedy transactions when they use Saturn Black.
Atomic exchange swap
Saturn Black allows direct atomic exchange that facilitates crypto asset holders to exchange without the intervention of any third party. This protocol allows both parties to mutually execute exchange transaction or cancel it in case of nonfulfillment of bilateral terms. So, the parties can easily and securely exchange assets from their wallets.
Liquidity of XSAT
Saturn aims at creating liquidity in less liquid assets. It uses XSAT as the quotation asset. They consider the demands of customers instead of paid listings. They also focus on counter purchasing demands and ensure purchasing demand in trading assets such as pairs of BTC, ETH, ETH and stable coins. Saturn intends to establish a fair price in the market
Token Details
In the world of cryptocurrency, early birds catch the worm. So, it is advised to register with them in the earliest to leverage the full benefits of trading.
The token details have been extracted from their whitepaper: https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
XSAT is the token of Saturn black that is based on ERC-20 Ethereum.
1 000000000 or 1 billion XSAT are issued by them.
They planned to sell 75% in sale i.e. 750,000,000 XSAT (750 million XSAT)
Sale Details
November-December 2018 (Private Sale)
Sale of 25% share i.e. up to 250,000,000 XSAT (250 million XSAT). Unallocated tokens were offered during the pre-sale stage.
1 XSAT= 0.075 USD
Accepted crypto-assets: ETH, BTC, BCH, XMR, LTC, DASH and XRP.
Pre-sale: Announced in December 2018
Sale of 25% share, up to 250 million XSAT. Unallocated tokens will be offered during the public-sale stage.
1 XSAT= 0.01 USD
Accepted crypto-assets: ETH, BTC, BCH, XMR, LTC, DASH and XRP.
Public Sale: 1Q 2019
Planning to sell 25% share, up to 250 million XSAT.
1 XSAT= 0.125 USD
Accepted crypto-assets: Over 300 cryptocurrencies of different liquidity. You can check their website for more details.
Remaining 25% share is reserved to be sold during the token sale.
• 5% or 50 million XSAT reserved for the launch of services as per the roadmap.
• 10% or 100 million XSAT reserved for the bounty program.
• 10% or 100 million XSAT reserved for distribution for the team involved in the project.
Bounty Program
100 million XSAT are reserved as bounty fund for those who’ll join Saturn community. It includes funds for:
• Translators to translate the whitepapers in different languages in order to spread the word about the platform.
• Chatting platforms such as Kakao, WeChat, Telegram, etc that would facilitate communication within Saturn’s community
• Other publications like video reviews, ratings and other media material created in different languages to reach out to different regions.
The team behind the core of Saturn Black
Saturn Black is a brainchild of Dmitriy Zykov, Vadim Machnev and Vladmir Nikushin. They laid the foundation of the platform to bring liquidity in the crypto market and to make the transactions more convenient and secure.
Dmitriy Zykov
Co-founder & CEO
Vadim Machnev
Co-founder & CVO
Vladmir Nikulshin
Co-founder & CTO
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Anton Kapitov
Sales Director
For more information
Website : https://saturn.black/
Whitepaper : https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
Bounty thread : https://bitcointalk.org/index.php?topic=5144955.0
ANN thread: https://bitcointalk.org/index.php?topic=5075635.0
Social media
Facebook : https://www.facebook.com/saturnatomic/
Twitter : https://twitter.com/saturn_twitt
Telegram : https://t.me/saturn_ENGchat
Instagram : https://www.instagram.com/saturn_xsat/
WRITTEN BY
K.Siva Arulmani
Bitcointalk Username: @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654