Good day everyone,i would be writing about DIGITAL TICKS PLATFORM,this is the first commodity crypto exchange.This is a project i would encourage you all to participate in because it would be very profitable and productive.Today i would be writing on the following;
- WHAT IS DIGITAL TICKS?
- BLOCKCHAIN TECHNOLOGY
- CHALLENGES
- TOKEN DETAILS
- ROAD MAP
WHAT IS DIGITAL TICKS?
A First ever commodity - crypto exchange well designed by traders for traders. Digital Ticks Exchange (DTx) is just not another crypto to crypto exchange but is also a semi-algorithm platform provider in its own. DTx plans to cater to all types of crypto assets as well as commodity to crypto assets.
DTx would be power packed by a lot of advanced features including all the basic features of an exchange required by a novice trader to a professional trader as well as for a high frequency trader. In terms of security DTx is taking extra precautionary measures to avoid any kind of hacks like DDoS attacks, phishing attempts and by also performing vulnerability assessments and penetration testing. DTx has installed robust technologies behind the scene that could handle heavy volatility of the crypto markets as well as commodity markets which can handle upto 1,000,000 orders per second.
Digital Ticks Exchange team believes into robust technology, ahead of industry standards in terms of providing customer service to its stakeholders as well as traders. Digital Ticks Exchange team ensures all its traders to have a smooth and user friendly trading experience. Digital Ticks Exchange would not levy any transaction charges for first few months of inception thereby giving traders to trade on zero transaction charges. DTx would give volume-based incentive for high frequency trader (HFT) which would give them scope for retaining higher profitability in the trade.
BLOCKCHAIN TECHNOLOGY
Blockchains are secure by design and are an example of a distributed computing system with high fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting.
Benefits of Blockchain Technology
➢ Decentralization
➢ Transparency and trust
➢ Immutability
➢ High availability
➢ Highly secure
➢ Simplification of current paradigms
➢ Faster dealings
➢ Cost saving
➢ Peer-to-peer global transactions
Use Cases
➢ Stock exchange The notion of using blockchain technology for securities and commodities trading has been around for a while. Given the open-yet-reliable nature of blockchain systems, it isn’t surprising to hear that stock exchanges now consider it as the next big leap forward.
➢ Cryptocurrency Volume The cryptocurrency market is now doing the same daily volume as the New York Stock Exchange Dec. 20, 2017 LONDON
Global cryptocurrency markets are now averaging the same daily trading volumes as the New York Stock Exchange. Twenty-four-hour trade volume in the cryptocurrency market passed the $50 billion mark on Wednesday, according to the data provider CoinMarketCap.com. That is close to the average daily volume of trade on the New York Stock Exchange this year. Daily trading volumes on the London Stock Exchange hover at about £5 billion, or $6.7 billion.
The comparison is inexact, as the cryptocurrency market is arguably closer to the foreign-exchange market, which has daily volumes of over $5 trillion. In fact, Australia’s stock exchange is already dead set on switching to a blockchain-powered system for their operations.
CHALLENGES OF CURRENT CRYPTO CURRENCY EXCHANGE
➢ Lack of Liquidity
Lack of liquidity is a concern for all the traders in the market as it increases the impact cost / cost of investment while trading and makes it difficult for them to trade. This majorly happens because not many people are buying and selling assets on the exchange thereby creating a thin depth in the market. Digital Ticks Exchange would have dedicated market makers who would provide continous depth and liquidity in the market. Digital Ticks Exchange team has a decade of market making experience in global financial derivatives market.
➢ Inefficient customer service
Currently customer service is posing a major problem to the trader community. Delivery of customer service is very slow, they don’t even respond to queries for days, long withdrawal times, login issues and funds locked into the exchange with nobody to guide for the same. When dealing with such large amount of funds it becomes essential to have a team of professionals to solve customer queries. Digital Ticks Exchange team understands the trader mindset where every nano-second of trading is important. To cater to the same Digital Ticks Exchange team has built up a dedicated customer service oriented team who would be ready to solve the queries of the trader on the go.
➢ Security
Cryptocurrency Exchanges that carry customer’s funds in huge volume have become a target for hackers and internal frauds. These security concerns make deposits into these exchanges unsecured. Digital Ticks Exchange team ensures that the security system will undergo continuous improvement, regular IT security and financial audits. Digital Ticks Exchange team would perform vulnerability scans & assessments, security assessments and penetration testing.
➢ Latency Problem
Increase in new registrations, sudden spike in volumes, inappropriate infrastructure, unstable connection quality and exchanges reaching its limits in terms of order per second results into latency problems. Digital Ticks Exchange team has over a decade of trading experience and understands the price volatility in crypto world. If their is a slight delay in the update of price then a trader can face heavy losses. For the same Digital Ticks Exchange team would provide robust technology in place and is committed to upgrade the same from time to time.
➢ Downtime
Shutdown of exchange without any information can cause huge financial losses to traders who cannot place or modify their orders especially when market is highly volatile. Users trading come to a halt and they cannot withdraw their own fund from the exchange which results into loss of trust on the exchanges. Digital Ticks Exchange team would perform scheduled maintainence by updating their registered users in advance.
DIGITAL TOKEN EXCHANGE
➢ Features (To be rolled out on platform in following order)
• Crypto- Crypto Currency Pair
• Commodity- Crypto Pair
• Spot Trading
• Futures
• Algorithms & High Frequency trading
• Decentralized (on-chain) exchange
• Much more for ease of doing trading…
➢ Trading Coins / Commodities
Digital Ticks Exchange would support following trading coins / commodities:
• BTC
• ETH
• LTC
• NEO
• DTx
• GOLD
• SILVER
More trading pairs would be added over a period of time as per the demand of the trading community. If you wish to list a coin or any other financial instrument on Digital Ticks Exchange in future, participation in token sale will help.
➢ Security
They value and protect your privacy and the security of your wallet. Digital Ticks Exchange team has undergone lot of security checklist to keep client assets and personal data safe. Funds not necessary for immediate withdrawal are held in secure offline air gapped cold storage.
Cold storage in the context of Bitcoin refers to keeping a reserve of Bitcoins offline. This is often a necessary security precaution, especially dealing with large amounts of Bitcoin. Digital Ticks Exchange typically offer an instant withdrawal feature, so to minimize the possibility that an intruder could steal the entire reserve in a security breach, they will follow a best practice by keeping the majority of the reserve in cold storage, or in other words, not present on the web server or any other computer.
TOKEN USE CASE
- To avail 50% discount on Exchange Commission
- To avail Volume based discount
- To pay for withdrawal fees
- To pay towards listing fees
- To pay for analytical functionalities like research report, statistical calculation
Strategic investment by beneficiary member of the exchange
A PICTORIAL REPRESENTATION OF THE TOKEN SALE IS GIVEN BELOW
A PICTORIAL REPRESENTATION OF THE DISTRIBUTION OF TOKENS AND THE FUND USAGE.
ROAD MAP
DTx token sale would be available to all as per below schedule. All times are GMT (+4)
BE A PART OF THIS REVOLUTION,INVEST IN DTx UTILITY TOKEN.
THANKS FOR READING.
To know more about this project;
visit the website: https://www.digitalticks.com/#
join telegram group: https://t.me/digitalticksexchange
whitepaper link: https://www.digitalticks.com/pdfs/Digitalticks_whitepaper.pdf
my bitcointalk link: http://bitcointalk.org/index.php?action=profile;u=1070043
facebook link: https://www.facebook.com/DigitalTicksExchange
twitter link: https://twitter.com/digitalticks
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