Idap.io is an upcoming exchange that seeks to address both the above mentioned issues. By offering a complete Derivatives Ecosystem for Crypto Assets and a Desktop Application for a Point-and-Click Ladder based Trading Interface to access its platform, idap.io stands to up the game for crypto exchanges.
Based by their White Paper “The International Digital Assets Platform (IDAP) is the first self-contained ecosystem for the cryptocurrencies derivatives trading market. Contained within this ecosystem are the IDAP Exchange, the IDAP Desktop App with advanced trading tools and most importantly, crypto derivatives instruments by IDAP for trading and investment. By bringing together individuals and institutions in need of risk management or with an eye at profit via risk acceptance, our goal is to become the most diverse crypto derivatives marketplace for buyers and sellers.”
Let’s see the case for the IDAP token and understand why it is a good idea to choose idap.io:
- The circulating supply: A total of 1 billion IDAP tokens will be generated, of which 75% (750 million) will be sold to public in different rounds of sale. Now the actual circulating supply will be lower than the 750 million tokens sold, on the account of ICO contributors HODLing the tokens as they wait for the price to increase. Over time, the circulating cap may increase but this rise will still be quite limited.
- Token burning: 20% of all the IDAP tokens received as trading commissions and other platform fees will be removed from circulation and burnt at regular intervals till the total supply reaches 500 million. Lower the supply, greater the demand.
- Utility for users: A curated supply alone cannot help the demand for a token. At its core, the token should hold benefits for the user of the platform. With a 50% discount on all trading fees paid in IDAP tokens, users will flock to accumulate tokens and secure their discount.
- Advantages for ICO investors: Participants of the various rounds of token sale will not only get discounts on their purchases, but also benefit from added benefits. An ICO investor that holds 20,000 tokens or more will never have to pay trading fee on the idap.io platform. ICO contributors buying 1.25 million tokens or more will get to use a Master Account for free. Given the deal to not just profit from value increase of tokens but to never pay any trading fees, a significant portion of the tokens of ICO investors will stay blocked, further maintaining the circulating supply.
- Reference Pricing Model: Till the end of the ICO, IDAP tokens are valued at $0.03 per token (without any discounts). However, in interest of ensuring that no ICO contributor ever bears a loss while paying trading fees in IDAP tokens, we will be using a reference pricing model. Once the IDAP token gets listed, the reference price will be fixed at 1.5 times the ICO price, i.e. $0.045. If the spot price falls below this value, this reference will be used to calculate the trading fees owed in IDAP tokens, otherwise the market spot price will be used. Thus, as the exchange goes live, the price of token will automatically see a price increase of 50% as the users start trading.
The design of IDAP platform is an innovative blend of the best practices of traditional financial exchanges and the opportunities available in the burgeoning crypto market. The platform aims to resolve the existing challenges and hurdles faced by the users of current crypto exchange platforms.
IDAP platform is designed to fulfil all investor’s trading requirements regarding market exchange platform. The platform is suitable for beginners as well as experienced traders. We are building advanced trading tools like IDAP Ladder, Matrix, Spreader, IDAP Simulator which will enable seamless trading and learning.
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