WHAT IS XTRD?
XTRD.IO is a company founded by Wall St professionals dedicated to bringing battle-tested financial technologies and standards to cryptocurrency markets. This means higher liquidity, lower fees, and combined platforms. XTRD is launching four separate projects:
The public pre-sale is over. XTRD has raised 70% of its $45 million hard cap. The will no be any crowdsale in the future.
XTRD TGE DETAILS
XTRD token info to enter into MEW:
XTRD is a technology company that are introducing a new infrastructure that would allow banks, hedge funds, and large institutional traders to easily access cryptocurrency markets.
XTRD is launching three separate products in sequential stages to solve the ongoing problems caused by having so many disparate markets. Firstly a unified FIX API followed by XTRD Dark Pools and finally the XTRD Single Point of Access or SPA.
Our goal is to build trading infrastructure in the crypto space and become one of the first full service shops in the cryptocurrency markets for large traders and funds.
COMPLEX WEB OF EXCHANGES. A combination of differing KYC policies, means of funding, interfaces and APIs results in a fragmented patchwork of liquidity for cryptocurrencies. Trading in an automated fashion with full awareness of best pricing and current liquidity necessitates the opening and use of accounts on multiple exchanges, coding to multiple API’s, following varying funding and withdrawal procedures. Once those hurdles are cleared, market participants must convert fiat currency to BTC or ETH and then forward the ETH on to an exchange that may not accept fiat, necessitating yet another transaction to convert back to fiat. Major concerns for market participants range from unmitigated slippage and counterparty risk to hacking prevention and liquidity.
HIGH FEES. Execution costs are even more of a factor. Typical exchange commissions are in the 0.1% – 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking into bid and ask spreads maintained by the exchanges. As most exchanges are unregulated, there is generally no central authority or regulator to examine internal exchange orders that separate proprietary activity from customer activity and ensure fair pricing.
THIN LIQUIDITY. A large institutional order, representing a sizable percentage of daily volume can move the market for a product, and related products in an exchange by a factor of 5-10%. That means a single order to buy $1,000,000 worth of bitcoin can cost an extra $50,000-$100,000 per transaction given a lack of liquidity if not managed correctly and executed on only one exchange. By way of comparison, similar trades on FX exchanges barely move markets a fraction of a percent; those price changes cost traders money, and deter investment.
An API is an “Application Programming Interface”, a set of rules that computer programs use to communicate. FIX stands for “Financial Information eXchange”, the API standard used by most financial organizations as the intermediary protocol to communicate amongst disparate systems such as market data, execution, trade reporting, and order entry for the past 25 years.
XTRD is fixing the problem of having 100 different APIs for 100 exchanges by creating a single FIX based API for market data and execution – the same FIX API that all current financial institutions utilize.
XTRD will leverage our data center presences in DC3 Chicago and NY4 New Jersey to host FIX trading clients and reduce their trading latencies to single milliseconds, a time acceleration of 100x when it comes to execution vs internet. More infrastructure and private worldwide internet lines will be added in 2018 and beyond to enable secure, low latency execution for all XTRD clients, FIX and PRO.
XTRD PRO is a professional trading platform that will fix the basic problems with trading across crypto exchanges – the need to open multiple web pages, having to click around multiple windows, only being able to use basic order types, and not seeing all your positions, trades, and market data in one place.
XTRD PRO will be standalone, downloadable, robust end-to-end encrypted software that will consolidate all market data from exchanges visually into one order book, provide a consolidated position and order view across all your exchange accounts, and enable client side orders not available on exchanges – keyboard macro shortcuts, VWAP/TWAP, shaving the bid and offer, hit through 1% of the inside, reserve orders that bid 100 but show 1, SMART order routing to best exchange and intelligent order splicing across exchanges based on execution costs net of fees, OCO and OTO, many others.
XTRD SPA is the solution to bridge cross-exchange liquidity issues. XTRD is creating Joint Venture partnerships with trusted cryptocurrency exchanges to provide clients on those exchanges execution across other exchanges where they do not have accounts by leveraging XTRD’s liquidity pools.
An order placed by a client at CEX.IO, XTRD’s first JV partner, can be executed by XTRD at a different exchange where there may be a better price or higher liquidity for a digital asset. Subsequently, XTRD will deliver the position to CEX.IO and then CEX.IO will deliver the execution to the client, with XTRD acting as just another market participant at the CEX.IO exchange.
XTRD does not take custody of funds, we are a technology partner with exchanges. All local exchange rules, procedures, and AML/KYC policies apply.
Institutions and large market participants who have large orders of 100 BTC or more generally must execute across multiple markets, increasing their counterparty risk, paying enormous commissions and spreads, and generally having to deal with the vagaries of the crypto space. Alternatives are OTC brokers that charge multiple percents or private peer-to-peer swaps which are difficult to effectuate unless one is deeply in the space.
XTRD is launching XTRD DARK – a dark liquidity pool to trade crypto vs fiat that matches buyers and sellers of large orders, discreetly and anonymously, at a much lower cost. Liquidity is not displayed so large orders do not move thin markets as they would publicly. The liquidity will come from direct XTRD DARK participants as well as aggregation of retail order flow into block orders, XTRD’s own liquidity pools, connections with decentralized exchanges to effectuate liquidity swaps, and OTC broker order flow.
XTRD is partnering with a fiat banking provider/broker dealer to onboard all XTRD DARK participants for the fiat currency custody side with full KYC/AML procedures.
USE OF FUNDS
70% - Balance Sheet for SPA. In order to facilitate the SPA structure, XTRD will need to allocate funds across inventory accounts in a spectrum of crypto exchanges. This will be vital to ensuring speedy crossexecution for client orders and ensuring there is enough net capital to facilitate daily trades in between cross-exchange position and currency sweeps – and to provide clients peace of mind regarding XTRD’s net capitalization. Accordingly, most of the funds raised from the token sale will be used to maintain this balance sheet for trading capital. The balance sheet will also serve to mitigate counterparty risk for clients while trading with multiple exchanges facilitated by just one trusted account.
15% - Platform Development and Operations. Funds allocated here will be used for salaries, office space, sub-contractor software development work, travel, and other operational expenses.
5% - Legal and Compliance. As the regulatory framework around cryptocurrency coalesces in multiple jurisdictions, XTRD expects to work hand in hand with regulators and be ahead of the curve in terms of regulatory adherence, rule drafting, necessary registrations, and preemptive legal analysis. These are funds well spent.
5% - Sales and Marketing. While the absence of any service comparable the XTRD is likely to lower the bar for customer acquisition costs, XTRD will leverage traditional sales techniques as well as the principals’ internal network to grow the business quickly through 2018 and beyond. A sales and marketing budget is necessary to further this goal.
5% - Tech Acquisition. Harnessing emerging technologies in the crypto execution space is vital to XTRD’s business model. Accordingly, XTRD will allocate funds towards acquiring promising tech deemed complementary to XTRD’s core mission of delivering robust, innovative technologies and creating a higher standard of service and functionality in the cryptocurrency space”.
An updated roadmap is coming soon.
White Paper: https://xtrd.io/xtrd_whitepaper.pdf
Latest community update: http://bit.ly/2kU8auz
Contract Address: https://etherscan.io/token/0x9c794f933b4dd8b49031a79b0f924d68bef43992
Bitcointalk pre TGE thread: https://bitcointalk.org/index.php?topic=2720300.0
POST TGE XTRD BOUNTY
We plan to distribute 1,904,914 XTRD tokens in this round.
XTRD distribution for Bounty campaigns (as a percentage):
Translation & Moderation - 15% (285,737.1 XTRD tokens)
Content creation (Blogs & Media) - 25% (476,228.5 XTRD tokens)
Twitter - 20% (380,982.8 XTRD tokens)
Facebook - 20% (380,982.8 XTRD tokens)
LinkedIn - 10% (190,491.4 XTRD tokens)
Other - 10% (190,491.4 XTRD tokens)
1. The first round of XTRD post TGE bounty campaign will start on 6/18/18 and ends on 9/09/18.
2. XTRD reserves the right to change the terms of campaign or apply new ones at any time at its sole discretion.
4. Provide a valid ETH address that you own or at least a valid email address during registration. Please note, that it address could not be an exchange wallet.
5. Any problems and disagreements can be discussed with our bounty manager Stanislav (@belsky63).
6. All the bounty related topic should be discussed in the XTRD bounty chat in Telegram. Do not disturb non-bounty hunters in the official XTRD community with bounty related discussions.
7. We reserve the right to deny anyone’s access to the Bounty Campaign if we believe you are not a suitable fit.
8. We reserve the right to remove you from the Bounty Campaign if we feel you're being dishonest, using BOTS or spamming social media or the forum.
9. We have the right to remove you from the Bounty Campaign if you are banned or suspended on any services related to the Bounty Campaign.
10. We reserve the right to change the rules and terms of the Bounty Campaign at any time, with an official announcement following.
11. Spamming, scamming or unintelligent discussions in our channels will result in a ban.
https://www.facebook.com/xtradeio 20% of this round’s Bounty amount will be allocated to Facebook campaign.
You don't have to report in bounty thread about facebook reposts you've made, but in that case, you won't be able to appeal for stakes recount by bounty manager!
1. You must like and follow XTRD on Facebook: https://www.facebook.com/xtradeio.
2. Join the official XTRD channel in Telegram https://t.me/xtradecommunity, XTRD chat https://t.me/xtradeannoucements (XTRD) and XTRD Bounty chat https://t.me/Bounty_XTRADEIO (Bounty XTRD).
3. You must join to this campaign at bountyplatform https://xtrd.bountyplatform.io/.
4. After registration in the campaign, the update of the number of Twitter followers will be checked automatically, and the stakes will be accrued according to this number.
5. You have to like and repost at least 3 posts from our Facebook per week.
6. Maximum – 2 reposts and likes per day, but not more than 14 reposts and likes per week.
7. After registration you must post the report in in English bounty thread https://bitcointalk.org/index.php?topic=4477525 thread. For example:
Facebook username: # your Facebook username # Facebook url: # link to your Facebook account # Friends: # the number of your followers # ERC20 Wallet address
8. After then, every week you must post a report in in English bounty thread https://bitcointalk.org/index.php?topic=4477525. For example:
Facebook username: # your Facebook username # Facebook url: # link to your Facebook account # Followers: # the number of your followers # Reposts: # inks to your reposts from Facebook account XTRD ERC20 Wallet address
9. Check your status and counted stakes here: https://xtrd.bountyplatform.io/facebook/1249.
10. You should check the dashboard for errors several times a week. If you do not correct the errors on time - your work may not be counted.
11. You have to log in your personal account on the platform every day (one a week minimum). Otherwise your account can be disconnected from the platform and you won't get your stakes.
12. Bountyplatform server time is UTC +0.
200-499 followers: 2 stakes per like+repost;
500-1499 followers: 4 stakes per like+repost;
1500-2999 followers: 6 stakes per like+repost;
3000-5000 followers: 8 stakes per like+repost;
5000+ followers: 10 stakes per like+repost.
20% of this round’s Bounty amount will be allocated to Twitter campaign.
You don't have to report in bounty thread about Twitter retweets you've made, but in that case you won't be able to appeal for stakes recount by bounty manager!
1. You must follow XTRD on Twitter: https://twitter.com/xtradeio.
2. Join the official XTRD channel in Telegram https://t.me/xtradecommunity, XTRD chat https://t.me/xtradeannoucements (XTRD) and XTRD Bounty chat https://t.me/Bounty_XTRADEIO (Bounty XTRD).
3. Account must be at least 3 months old.
4. The stakes will be distributed depending on the number of real followers on Twitter. The number of real followers will be checked by TwitterAudit. Your Twitter account must have at least 85% real followers.
5. You must join to this campaign at bountyplatform https://xtrd.bountyplatform.io/.
6. After registration in the campaign, the update of the number of Twitter followers will be checked automatically, and the stakes will be accrued according to this number.
7. You have to like and retweet at least 3 tweets from our Twitter per week.
8. Maximum - 2 retweets and likes per day, but not more than 14 retweets and likes per week.
9. After registration you must post the report in in English bounty thread https://bitcointalk.org/index.php?topic=4477525 . For example:
https://bitcointalk.org/index.php?topic=4477525Twitter username: # your Twitter username # Twitter url: # link to yourTwitter account # Twitteraudit: # link to Twitteraudit # Followers: # he number of your followers # ERC20 Wallet address
10. After then, every week you must post a report in in English bounty thread https://bitcointalk.org/index.php?topic=4477525. For example:
Twitter username: # your Twitter username # Twitter url: # link to your Twitter account # Followers: # link to yourTwitter account # Retweets: # links to your retweets from Twitter account XTRD # ERC20 Wallet address
11. Check your status and counted stakes here: https://xtrd.bountyplatform.io/twitter/1293.
12. You should check the dashboard for errors several times a week. If you do not correct the errors on time - your work may not be counted.
13. You have to log in your personal account on the platform every day (one a week minimum). Otherwise your account can be disconnected from the platform and you won't get your stakes.
14. Bountyplatform server time is UTC +0.
250-749 followers: 2 stakes per like+retweet;
750-1499 followers: 4 stakes per like+retweet;
1500-2999 followers: 6 stakes per like+retweet;;
3000 – 4999 followers: 8 stakes per like+retweet;
5000-10000 followers: 10 stakes per like+retweet;
10000+ followers: 12 stakes per like+retweet.
15% of this round’s Bounty amount will be allocated to Translation and Moderation campaign.
This bounty consists of three tasks:
1. Translation of ANN thread.
2. Translation of Bounty thread.
3. Translation of Whitepaper.
● Participants are required to keep the local thread and Telegram groups alive by posting and translating regular updates, news or any important announcements. A single post thread will be rejected.
● Automatic (Google or similar) translations or translations with low quality will be rejected.
● Unobligatory or repeated posts shall be rejected for stake counting.
● You must join this campaign at bountyplatform: https://xtrd.bountyplatform.io.
● Send an email to email@example.com with the following details:
- Native language; - Project name (XTRD) - Part of bounty you apply for (ANN/Bounty/WP); - Translation/moderation experience (if any); - Bitcointalk username; - Telegram account @...; - ERC-20 wallet address.
● Duplicate the e-mail letter in this thread.
● After completing the translation, send a private message to Staas on Bitcointalk or Telegram (@Bounty_XTRD or PM @belsky63) with a link to your translation.
● Sign in your account and fill out the report in the Bounty campaign form here: https://xtrd.bountyplatform.io. This is obligatory, otherwise the report will not be counted!
ANN translation: 100 stakes;
Bounty thread translation: 200 stakes;
Whitepaper translation: 600 stakes;
Local ANN or Bounty thread moderation: 50 stakes + 5 stakes per valid post.
20% of this round’s Bounty amount will be allocated to content creation campaign.
1. Creating and distributing unique content about XTRD.
2. Promoting it in other forums, in your social networks group or any other social outlet with a large outreach.
3. Creating YouTube videos (including interviews) and posting them on your channel.
● All materials that you create must be competently written, constructive and positive about the project.
● The blog / forum must be focused on a relevant topic (Investing, Blockchain, Mining, Business, Cryptocurrency, Trading).
● Blog posts must have at least 2500 characters and forum posts must have at least 500 characters.
● Blogs / forums / videos in languages, other than English, may also be accepted.
● All the articles or blog posts that are conducted by simply copying and combining the parts or the White Paper will be rejected.
● Videos have to be meaningful and related to XTRD: the Token Sale, aspects of the Whitepaper, big data, related technology, etc.
● Only original content will be accepted.
● An article on a niche website must have at least 4000 characters (without spaces).
● Any article, a blog post or the description of the YouTube video should contain 3 links - to the official XTRD website and a link to the White Paper, and one link to your personal profile on Bitcointalk at the end of the article to confirm the authorship.
● Youtube videos must be at least 1 minute 30 seconds long.
● All materials must have hashtags #XTRD, #cryptocurrency, #cryptotrading.
● Your blog or YouTube channel must have at least 100 genuine subscribers.
● The website where the text will be posted must have attendance at least 1000 people per month.
● In case if your work does not comply with the rules set forth above, we reserve the right to exclude you from Bounty campaign and refuse to pay you a fee.
How to report
● Post link to your material in English bounty thread.
● After publication your material, send a private message to OUR BOUNTY MANAGER on Bitcointalk or Telegram (OUR TELEGRAM BOUNTY CHAT or PM to OUR BOUNTY MANAGER), including the link to your blog, article or video.
● Post report in Content creation spreadsheet at bountyplatform!
Bitcointalk username & ID Link to material ERC-20 wallet address
Rejected: 0 stakes;
Low: 1 stake;
Medium: 2 stakes;
High: 3 stakes
10% of this round’s Bounty amount will be allocated to LinkedIn campaign.
1. Follow XTRD on LinkedIn https://www.linkedin.com/company/xtradeio.
3. Make a post about the XTRD Token Sale and include one Link of the Website or a link to an article about XTRD.
4. You must join to this campaign at bountyplatform https://xtrd.bountyplatform.io/.
5. Join to LinkedIn campaign in the bounty portal - https://xtrd.bountyplatform.io/ and do reports every week here.
6. Verify your status in spreadsheet and Join us on Telegram.
7. Post a message in English bounty thread https://bitcointalk.org/index.php?topic=3812703 with the following information:
#JOIN LinkedIn campaign LinkedIn Profile URL: ... LinkedIn Connections: ... Post URL: ... ERC20 Wallet Address
8. After then, every week you must post a report in English bounty thread . https://bitcointalk.org/index.php?topic=4477525. For example:
LinkedIn Profile URL: ... LinkedIn Connections: ... Post URL: ... ERC20 Wallet Address
9. Post report in LinkedIn spreadsheet at bountyplatform!
10. Check your status and counted stakes here https://xtrd.bountyplatform.io/other/1296.
11. You should check the dashboard for errors several times a week. If you do not correct the errors on time - your work may not be counted.
12. You have to log in your personal account on the platform every day (one a week minimum). Otherwise your account can be disconnected from the platform and you won't get your stakes.
13. Bountyplatform server time is UTC +0.
Only one post per day will be counted.
Post: 50 stakes;
Having 250+ Connections: +5 stakes;
Having 500+ Connections: +10 stakes.