South Korea has been a strong performer over the last year in introducing crypto projects via initial coin offerings (ICO’s) – with Fidelium meeting the expectations of that reputation. Terry Na, CEO of Fidelium, has envisioned a multi-exchange eco-system that allows singular access to multi-exchanges via their software – Fortress.
Fortress will offer a singular Know-Your-Customer (KYC) process for multiple exchanges, which will allow less frustration among the crypto-community in regards to getting whitelisted into multiple exchanges. Fortress will also offer access to Forex, Derivatives, and Futures markets through partnering with the Chicago Mercantile Exchange, CBOE, and broker Charter Prime. Fortress will truly be the first inter-exchange and inter-asset class platform where users can access everything from one platform. Liquidity providers will be able to offer seamless integration for cross-exchange arbitrage opportunities. This is a critical element to Fortress, as particular exchanges that are currently hampered by accessibility issues demand a market premium more than normal arbitrage as seen in more developed markets such as forex and commodities.
Also, Fortress “Professional” will also offer detailed charting capabilities, user-defined alerts, technical indicators, and user-defined custom functionality. Reminiscent of the Forex market, Fidelium also seeks to support, “automated trading … based on programmed trading algorithms in the future.” Forex traders refer to these as “expert advisors” or robots, which allow traders to trade based on pre-programmed algorithms and logic that align with current market conditions.
Fidelium has a strong team behind their project, bringing forth a great amount of experience from the Forex and Commodities markets. Several of the team members have degrees from Berkley, the University of Chicago, and the University of Maryland – while bringing corporate experience from large companies such as Samsung and Ericsson. While cryptocurrencies are still considered a young market, this will serve mass adoption of Fortress – along with crypto, for general market adoption.
Fortress will also offer fiat to cryptocurrency conversion, aimed at alleviating back-logged KYC times within major exchanges. Fortress version 1.0 (May 2018) will only initially support Windows users. However, MacOS is planned at a later point in time within the development timeline. Fidelium has also already signed a contract with a debit card issuer to provide users with crypto-based debit cards. Within the white paper, Fidelium announced that they are also in the midst of hiring three more full-stack developers onto their team; to support their development timeline to meet investor expectations.
While Fidelium’s ICO has already finished, the roadmap has stated that exchange listing for Fidelium (FID) tokens will be imminent on multiple exchanges. Fidelium will be releasing their mobile app and desktop Fortress platform later this year, after integration of multiple exchanges.
Fidelium has previously been featured on sites such as the Huffington Post, LinkedIn, The Next Web, and Forbes. Fidelium will be an integral part of expanding cryptocurrencies’ market capitalization over the coming years – being the first inter-exchange platform within the crypto eco-system. CEO Terry Na’s vision for Fortress is ambitious – while we hope that this platform will really connect the crypto community under a singular point of access.