Hello, my dear friend. I would like to read this article and make the light of technology project called Level01 more brilliant. And new users are gathering more and more with hungry eyes and lack of information. The latter needs to collect crumbs and check their time and wallet. I will tell you, and I will try to explain my vision of my situation. I will analyze the Level01 project today. What is this ICO? Is it worth investing in it?
The cryptocurrency market cap has grown more than 30,000% from Jan ’17 – Dec ’17. This demonstrates an exponentially increasing utility base and trust towards cryptocurrency as a store of value and medium of exchange. Its growth is further propelled by real world use cases for the transparency and immutability of distributed ledger technology (blockchain), and its benefits such as faster, peer-to-peer transactions and reduced cost of ownership.
Level01 leverages blockchain and cryptocurrency technology, to create a derivatives (options) exchange & trading platform where financial trading in forex, stocks, commodities and cryptocurrencies can be conducted on a peer-to-peer basis, without a need for an intermediary broker.
The platform facilitates efficient functioning of a market and price discovery through proprietary developed intelligent algorithms that dynamically improve over time through machine learning. This helps retail users with trade matching, efficient price discovery and fair value analytics when conducting their trades.
OVERVIEW :
Level01 is the World’s 1st Peer to Peer (P2P) Derivatives Exchange with Artificial Intelligence (AI) Trade Matching Technology and Settlement on the Blockchain.
Generally, options are the easiest financial instruments to trade, while effectively encompassing all the asset classes. Options are agreements/contracts between two parties with an opposing exposure to the price of an underlying asset. The results (payoff) of the derivative contract are derived from the asset’s underlying price without actually physically buying or selling it, which may be prohibitive if the asset is highly priced. Options contracts have an expiry time, and when it is reached, the party that benefits from the right choice of exposure receives the predetermined proceeds (profit) from the other party.
Level01 allows users to trade options contracts directly with one another peer-to-peer (P2P) without the need for an intermediary broker;
with a proprietary system that was designed to leverage blockchain, cryptocurrency and smart contracts technology for automation and transparency in market data, trade contract intent & matching, transactional history, and trade profit settlement.
For improved efficiency, peer-to-peer trade matching on the platform is assisted by a specially formulated algorithm ‘FairSense™’, which analyzes trade intent patterns of users on the platform and matchmakes or suggests them to counterparty users.
Level01 also introduces the concept of the ‘Ecosystem Exchange’ by integrating features that allow users to be rewarded when participating in the ecosystem. This encourages more users to join from the increased liquidity base, thus creating an ecosystem network effect which benefits everyone.
The primary objectives of the Level01 platform are:
Simplicity and User Friendliness – By streamlining the capabilities of the platform to prevent information overload, Level01 intends to lower the barrier of entry and remove the complex/intimidating factor of online investing & tradingfor the layman/novice user. More sophisticated tools for advanced users are carefully designed into the user experience to be unostentatious and unnecessary for completing trading tasks.
Automated Transparency – The Level01 system is designed and strives for trustlessness and transparency; where the information data (such as time stamps and wallet addresses) of every interaction, transaction process and settlement of trade is publicly available for review and inspection on the blockchain. This ensures Level01 can perform its role as the ultimate trust intermediary satisfactorily.
Ecosystem Orientated – With a focus towards decentralization, Level01 intends to cultivate growth of the largest peer-to-peer options trading network, where every user is recognized individually with proven statistics and ratings. Its ecosystem growth centric features allow users to add value to the network, and derive value from it for themselves.
API’s will also be built to allow users on other networks to access the core high value functionalities of the Level01 ecosystem.
MAIN FEATURE :
- SIMPLE TRADING / CONTINUATION
Simple and effective trading experience with advanced features for experienced users. - AUTOMATIC BLOKCHAIN ADJUSTMENTS
The automatic and transparent trading settlement is handled by a smart blockchain contract. - TRANSPARENT MARKET DATA
A fully transparent market data is verified by a third-party oracle service provider. - MARKET OF VARIETY ASSETS
Trading both traditional market assets & cryptocurrency for more opportunities. - FAIRSENSETM INTELLIGENCE ARTIFICIAL
AI's analysis of fair price discovery allows a better quality matching experience. - ROAD HOSTING TRADE
The locking mechanism of LVX tokens allows the hosting trading space to earn commissions. - INSTAN DEPOSIT / WITHDRAWAL
Traders have full control over the funds and deposits / withdrawals are made instantly. - HOTSWAP CAPABILITY TOKEN WALLET
Change the platform's original token directly to Bitcoin or Ethereum to get more liquidity.
TOTAL LVX TOKENS PUBLISHED:
1,200,000,000
MIN RAISE:
USD $ 15,000,000
MAX RAISE:
USD $ 75,000,000
Unsold Token at End of Sale Token Destroyed
Token LVX is Supply and Can not Be Made / Mined
TOKEN ALLOCATION :
PUBLIC SALES - 72%
BOUNTY / BONUS / INCENTIVE - 02%
FOUNDER / TEAM DEV / ADVISOR - 26%
BUDGET ALLOCATION :
EXTRA LIQUIDITY - 28%
DEVELOPMENT - 35%
MARKETING - 15%
REGULATION - 10%
LAW - 06%
OPERATION - 06%
The Level01 Exchange Token (LVX)
Level01 is more than just a peer-to-peer trading exchange, it is designed to be a selfsustaining financial ecosystem where users whom contribute and participate in the ecosystem are rewarded.
The Level01 platform utilizes its own ERC20 tokens on the Ethereum blockchain as a medium of value exchange within its financial ecosystem. These tokens provide the means to transparent and fair settlement on the blockchain, because it can be handled/automated by smart contracts to be programmatically disbursed to trade winners as profits.
The tokens will be issued to participants of a token crowd-sale, and the total sales value of the crowd-sale shall determine the initial value per token.
Level01 recognizes the true value of the token crowd-sale manifests in its early contributors and diverse community, and thus makes every effort to ensure the token sales are distributed to many investors, rather than allowing the concentration of the platform tokens in the hands of single large investors or groups, also known as ‘whales’.
Potential token buyers are required to register with an email address and fill out an information form with accompanying identification documents before being able to purchase the tokens. Each individual will have a maximum cap on token purchase amount.
Level01 tokens will be issued with finite amount, with the total supply capped at 1,200,000,000 (1.2 Billion) tokens. The token will be assigned the symbol (LVX).
Token Purpose :
A medium of exchange within a trading platform requires stable pricing with minimal/gradual fluctuation, which is the basis of an individual platform token instead of utilizing cryptocurrency assets such as Bitcoin or Ethereum, that are subject to extreme price volatility due to intense external factors and speculative trading.
Users on the Level01 platform derive profit from their endeavours, and contract pricing is an integral part of any trading strategy. A sudden drop or rise in the value of the trading token will severely affect the profit/loss of the users in the platform and destabilize the platform economics.
As technology is constantly evolving, Level01 also requires a token that can be future aligned with its platform development goals. For example: the Level01 platform has a token staking mechanism which incentivizes investors to stake tokens, thus reinforcing the price value of the LVX token.
This sort of ecosystem feature would not be able to be integrated if the platform were to use another token, for example: Ethereum, which does not have a capped token limit. Thus an internal value token specific to the Level01 platform is necessary to provide astable environment for platform users to trade in.
HOW TRADING WORKS :
Level01’s mobile/web app enables investors to interact directly with each other for trading. Investors can trade risk or hedge positions by issuing options contracts for counterparties to match with on the Level01 platform.
Investors select asset category they are interested in, such as FOREX or CRYPTOCURRENCY, and selects asset market to trade in, such as USD/EUR or ETHEREUM.
Investors trade by issuing option contracts into markets: by defining contract parameters ‘EXPIRY’, ‘STRIKE PRICE’ & ‘POSITION’, and contract TOTAL VALUE; or selecting an existing option contract to act as matching counterparty.
When an option contract is matched with a counterparty, all parameters are sent to the Level01 smart contract on the blockchain. The smart contract receives permission from both parties to handle token funds and performs trade settlement upon option contract maturity (expiry).
Application for everyone for trade :
The Level01 App allows investors to trade free derivatives from many assets, ranging from Forex, Cryptocurrency, Commodities, Stocks and Indexes, unlimited investor opportunities.
Live high-quality ticks with tick data are broadcast and displayed in an entirely informative interactive chart; with many analytics tools and diagrams for more advanced users.
This app has an exclusive user interface that makes it simple and efficient to peer to peer trading with other investors on Level01 Exchange. Applications are integrated with Ethereum blockchain, allowing investors to fund contracts and trade transactions while maintaining full control over their wallet assets.
Current Problems in the Market :
Broker trading platforms have been beleaguered with trust issues. This is especially so among the smaller, less known entities and one of the reasons there have been more stringent regulatory actions on the industry.
Despite the fact that the internet has facilitated ease of trades, there are grey areas that may not be covered by regulations which are exploited, thereby creating mistrust among investors. Such situations are seen when the target is bottom-line and not clients’ satisfaction.
Issues such as late execution of trades cause investors losses, while the confidence they have for the exchange is shaken, yet this is not an uncommon occurrence. There also have been reported cases of mismanagement of clients’ funds or fraudulent use of these funds.
Other challenges the industry has had are delays in processing of funds and introduction of hidden charges to the traders and users of the exchanges.
Level01 Provides a Solution :
Level01 has taken advantage of the fact that the distributed ledger technology can be used to build smart contracts that are self executing, transparent and can be trusted by all parties involved. These attributes are what the project leverages to eliminate the issues of human fallibility and the mistrust it created in centralized exchanges.
Since the smart contract is self executing, it automates transactions on the Level01 platform, enabling the delays in trades and funds withdrawal to be done away with. The efficiency created by blockchain reduces waste. This has the effect of reducing cost of transaction and charges during execution of trades.
Taking advantage of machine learning, the project has created a user-friendly peer-to-peer derivative exchange that rates entities based on history and proven statistics. The integrity of the system is faultless because of the tamper-proof attribute of blockchain.
Platform Architecture :
The Level01 Trading Platform is modularly designed into several distinct modules that enable ease of scalability, development updates, debugging and zero downtime maintenance. These are the off-chain server processes of the trading & exchange engine, and the on-chain transaction settlement LIST smart contract on the blockchain interacting with real-time and historical data feeds to form an efficient, transparent, hybrid platform.
Web-based and iOS version coming soon!
All processes are load-balanced and are scalable without the need to interrupt the system in run-time. The Architecture is defined to support inter-server distribution to achieve minimum response time by allocating local servers in different regions in the future.
TEAM :
JONATHAN ACT
Founder, CEO
Founder and director of public listed technology company in Australia, and inventor of its patented core technology. Experience growing a company from startup to public offering. Extensive know ledge in mobile hard/software product design and UI/UX technologies. Involved in machine learning.
ADAM OOI
Partner, Chief Operations Officer
Extensive background in corporate operations for over 15 years. Highly skilled at maximizing the resources of an organization and recognise the best growth path for a company. Early partner of founder in Australian public listed company. Built, nurtured and led companies to over $125M in M&A.
Vice President Asia Pacific
Highly decorated with multiple titles & distinctions, expert corporate strategist and brand planning expert in Asia Pacific with more than 15 years of localization experience. Skilled in in strategic and corporate management, top-down design, financial investment, education & training.
CHARLES WONG
Chief Marketing Officer
A pioneer in social media marketing and one of the early entrants in the digital marketing industry since 2009. His agency is also one of the earliest to embark on blockchain and crypto related marketing in South East Asia. He is ranked on Google as “Best Social Media Consultant in Malaysia”.
NAGLIS VYSNIAUSKAS
Head Quant Developer
Key quantitative analyst consultant overseeing $25B AUM and lead in specification, design,implementation and management of most advanced pension hedging & absolute return solution at UK’s largest asset management Co.Professional in derivatives pricing, risk & trading.
MOHAMMAD DABIRI
Chief Systems Architect
Professional software engineer & system architect. Experienced designing impactful high performance solutions. MSc Science & Computer Engineering. Led several worldwide projects successfully to pro- duction in various industries: finance, ERP & trading. Key backend system architect of Level01 platform.
RENATA AZARINSKAITE
Business Development
Senior consultant with over 15yrs in finance & banking industry. Specialist in commercial & investment banking processes including analysis, asset/project management, due diligence & under writing distribution for IPO’s. Experience in capital markets & investment management analytics.
DONATAS VADOPALAS
Quantitative Analyst
Mathematician & data analyst focused on R&D in the financial services industry. Developed some of the most sophisticated credit risk modelling algorithms for banks in Latin America. Experience with researching & implementing business & financial analytics solutions. AI and neural networks tinkerer.
EVGENI PIRIANOV
Blockchain Consultant Developer
Experienced developer for various core blockchain based projects including OTC-interest rates swap trading platform and digital ledger based recruitment with document verification platform. Certified Solidity Smart Contract developer. MSc degree at Imperial College London with full distinction.
INVESTOR :
MICHAEL GO
Asia Pacific Head Of Trading Markets, Thomson Reuters
Michael Go is the Head of Asia Pacific Trading Markets Development at Thomson Reuters, a global multinational mass media, data & information corporation. Michael has a wealth of over 20 years of experience in the Finance, Banking, Capital Markets and Trading industries, and keen insights of technologies & trends that affect or influence these industries. Michael’s deep finance network and background allows Level01 to tap insight knowledge, expertise and cooperation which are resources nccessary to facilitate the development of the innovative, world-class Level01 platform.
ITAI DAMTI
Co Founder, Leverate / CEO, Antifragile
Itai Damti is the Co-Founder of Leverate, an industry leader in technology for online forex brokers, with over 100B USD in monthlytrading voulme. He is Entrepreneur de Residence (Fintech) at 500 Startups, a global VC & seed accelerator in San Francisco, USA. He is also Founder & CEO of Antifragile, a fintech consulting firm in Hong Kong. Itai’s expertise in developing financial systems & trading platforms is invaluable to Level01’s endeavours; and his insights in mentoring and leading accelerator programs wordwide such as Barclays Techstars (Tel Aviv) and HAX (China) provides Level01 with the guidance to navigate in uncertain situations.
DR WALTER TONETTO
Vice Chairman, Global Blockchain Application Research Foundation
Dr. Walter Tonetto is Vice Chairman of the Global Blockchain Application Research Foundation. He is the founder of one of the fastest growing privately held IP-based communication companies in Indonesia (PT Notus Enterprises). He is a prominent speaker for multitude of blockchain events in the past 2 years, and will be keynote speaker for Blackarrow Conferences Blockchain events in Korea, Singapore, Jakarta, Shenzhen and GuangZhou and one of the most prestigious event in North America, Crowdsourcing 2018 (CSW 2018). Dr. Tonetto’s industry experience greatly helps Level01 achieve the industry relevancy it requires for growth.
For more information and join LEVEL 01social media today please follow these resources:
website: https://level01.io/
whitepaper: https://level01.io/wp-content/uploads/2018/06/level01_whitepaper_final1-2.pdf
facebook: https://fb.me/level01platform
twitter: https://twitter.com/level01io
telegram: https://t.me/level01ico
Another By:
Username BitcoinTalk : agendosa
Profile Link BitcoinTalk : https://bitcointalk.org/index.php?action=profile;u=1296067
Username Telegram : @agentdosa
Ethereum Address : 0xE922D1a69b8078332e526692a61C306D84EEb8fA
Congratulations @agentdosa11! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of posts published
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit