Wings has a new project to forecast called the STeX Exchange.
STeX Exchange is the first cryptocurrency exchange with automated liquidity aggregation, powered with innovative A2A technology, where you can change any listed coin to any other listed coin directly in one trade.
The cryptocurrency world has blow up so much in the last, but no current crypto exchange is capable of managing it. The STeX Exchange plans to do that.
One of its key features is its A2A technology, which enables you to swap any token for another. They don’t go into much detail in the whitepaper. They say, our A2A decentralized technology allows us to support thousands of cross rates simultaneously with efficient resource usage. We process all cross-rates in A2A Cloud, with virtually unlimited ability of horizontal scaling.
The other feature of the STeX Exchange is aggregated liquidity. It uses unique HFT algorithms to aggregate offers from many exchanges to pool liquidity. They will also offer access to other liquidity providers through API protocols.
According to the roadmap beta release is expect this quarter with a final release in the third quarter.
The STeM Exchange uses the A2A token as an intermediary in every trade on STeX using A2A technology. A2A tokens can also be used to reduce trading fees by up to 50%. It’s an ERC20 compatible token.
The terms of the ICO are a bit blurry. According to STeX’s ICO page the ICO instructions and conditions will be published soon. That’s disappointing.
On the front page it does say however they already raised 15,000 ETH in an earlier crowdfunding.
The project is led by Nicholas Price, a founder of KeyCAPTCHA. I also see Serguei Popov, one of the founders of Wings, is an advisor.
Tough to forecast this project with limited ICO details. The median is at 10k ETH as I write. I’m guessing they’ll get another 15k ETH.
and on SteemFollower and trade cryptos on Binance