Hello to all and welcome to my very first ICO review here on Steemit. For those of you who don't know me yet, let me introduce myself. My name is Simon and I'm an experienced writer who enjoys what he does very much. Cryptholistic is me on Steemit and I'm here to give you all the information you might need or want about the newest ICO's that are definitely worth your time and therefore, mine, too. I plan to make them “easy read, to the point” because what's important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.
Today, let us all learn and experience together all about Digital Ticks ICO. If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS to everything I possibly can so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.
DIGITAL TICKS ICO REVIEW
Let's begin by talking a bit about what and who Digital Ticks are. Digital Ticks is an exchange. In basic terms, this is where you would exchange or trade one currency into it's equivalent other. Digital Ticks, however, is a “Crypto Commodity Exchange” which as the name itself implies, allows to exchange or trade cryptocurrencies and/or commodities such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC/XLT), Gold or Silver. This platform is about to mark a new era for exchanges on a global level since it's about to become the very first to do this.
I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The team IS the product”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company or ICO:
- Who are the people/team behind this?
- What experience and knowledge do they possess?
Okay, so, because I've already done all the research needed beforehand and thoroughly studied Digital Ticks I can very happily confirm that this ICO/company has a fabulous team onboard. Here they are:
This sort of quality is inspiring. They have made sure to supply us with all the information we could possibly need, on them personally as a team, aswell as them as a company. They are acting transparently and therefore receiving the trust they deserve from investors and potential users, like you and I.
On their website, you can visit the “Team” section and simply by clicking on each team member's image or name you will be redirected to their professional linkedin profiles. Here you may consult and analyse each individual's expertise as much as you like. It's all been put there for us to see that they have what it takes to acheive their goals with ease. I might aswell add that they have experience as traders themselves, making this a “Trader for trader” experience and ultimately inspiring more confidence in all of us.
Digital Ticks is a legitimate registered company by the EU, based in Estonia. Their website even supplies us with a link to the proof of this legitimacy in the form of an official e-business certificate. It shows us all important details and information on the company “Digital Ticks oü” including their own registry code. I went ahead and wrote the code down and used their other link to e-business in order to check this for myself. I input the code and no surprises, it's all in order. The team went ahead and supplied us with all this information themselves. Transparent and trustworthy from the start.
KEY INCORPORATED FEATURES
Here I shall talk about the platform itself and it's most outstanding features. I don't believe I need to go into massive depth since they already supply us with in detail information through their official whitepaper business model. Feel free to check it out via their website. I went through it myself and it's an interesting read with everything you need to know, without being too extensive.
The features I'd most like to mention, include:
- Algorithms & High Frequency Trading
- Spot Trading & Futures
- Extra Low Latency
- Decentralisation
- High Security
Digital Ticks' team makes sure to address all major issues with current crypto exchanges. These being mostly due to latency, customer service and security. They plan to solve these issues with the release of the Digital Ticks exchange platform. I personally was most intrigued with the high end security measures they will be implementing to make us all feel safe when trading through them. We are talking multisignature wallets, anti DDos attacks and two factor authentication(2FA). Let's face it, security IS priority because if your money is not secure you won't want to know any more and I know for a fact that most people won't trust an exchange to hold their money since they are vulnerable to attacks of all kinds. Well, this is one of the reasons why this exchange is a game changer for all of us.
Funds are far more secure than we've known them be before now(I mean WAY more secure!). With Digital Ticks we are talking cold storage! The way it will work is, while funds aren't needed for immediate withdrawal they will be placed offline, no different from a solid hardware wallet if you think about it and we know for a fact they are the most secure option in existence. Let's say attackers were to somehow breach all security walls, after that last layer of protection they wouldn't find a thing since your funds won't be online. Pretty brilliant, don't you think? I think this is fantastic stuff!
High frequency traders will be incentivised in some way, possibly with higher profitability in their trades. This seems more than fair if you ask me since from what I know from trading, this is typically more risky than long term trading. Now the higher risk is worth a higher profit. Only sounds right to me, but this hadn't been done until now.
Decentralisation. This right here is what I like the most about the entire crypto scene. We are now talking a 100% decentralised exchange built on Ethereum blockchain. This on its own makes everything transparent and trustworthy. At the same time, this also means any related fees will be a lot cheaper while also enabling global P2P transactions, which as we know are lightning quick via blockchain technology. Below I will provide an image that will speak for itself.
WHAT IS THE TRADING COST FOR THE PLATFORM USER?
Since we are talking blockchain and decentralisation, the fees are going to be minimum, do not worry. First of all, all transaction fees for the first few months will be completely free of any charge. They do not specify on how many months, simply a “few months”. I'm guessing this could be first two to three months, but don't take my word for it since it's not too clear. All I know for sure is that they will surely be minimal when applied since this will work to increase liquidity.
There will be a withdrawal fee involved, however, as to how much is to be determined and again, minimal for sure. “Other fees” will also be small fees for certain integrated features that will provide us with trading ease for a better experience on the Digital Ticks exchange platform. We don't know too much about exact digits for fees, but we do know that commissions will be of just 0.1% of trade amount and very importantly, shall never see an increase. In the beginning, commission fees will be 0% for all new users.
REFERRALS & INCENTIVES
Digital Ticks will be giving incentives like the one I mentioned earlier for high frequency traders. High volume traders will be expecting discounts on all fees related to trading and all users, with no exceptions, will be given a referral link unique to him/her. This referral link will be used to invite somebody new to start using the platform. When used, the user who lent the link will earn 5% of every commission usually delivered completely to Digital Ticks exchange(5% of the 0.1% I mentioned. This applies to every trade made by the person you invited). I think this last one is pretty great as it applies forever and you actually just sit on your butt with no fees ever to be applied since it's not your trade.
The image above refers to another type of incentive or reward that Digital Ticks will be giving us for inviting more people to join. You buy their tokens using a referral link and the person who gave you the link will receive 5% of the amount bought, only this time this comes from the 10% of funds allocated to referrals(referral pool).
DTX TOKEN
In case you are new to the whole crypto scene and are a bit lost, don't worry because I'm sure things will make a lot more sense in a minute.
ICO, it stands for “Initial Coin Offering”, right? Okay, great! As the name clearly states, coins are “offered” to help reach a goal that will allow a project/idea such as this one to become a reality. The people who “offer” or “donate” these coins(usually in bitcoin or ethereum) are known as investors. What they are doing is being given tokens in exchange for their support/investment. This is a token sale.
Currently, Digital Ticks ICO has finished their pre-sale or private sale and completely sold out IN JUST 40 MINUTES! This is quite an acheivement. A lot of people are getting a good feeling and really want this platform to become a reality by the looks of it. The structure they are adopting for this token sale is via the means of different tiers. Each tier reached increases the cost of tokens very slightly incentivising early investors.
These tokens bought from Digital Ticks are called DTX tokens. DTX tokens are a utility token built on the Ethereum blockchain using ERC-20 type smart contract. ERC-20 is a standard within Ethereum that most ICO's issue their tokens in.
Digital Ticks exchange platform will be sure to support trading coins and commodities such as:
- Bitcoin
- Ethereum
- Litecoin
- Neo
- DTX
- Gold
- Silver
The above list is just the initial listing. The best part is that they will be adding more and more over time PER DEMAND OF THE TRADING COMMUNITY. I thought that this was an awesome feature. Adding currencies and commodities I WANT TO TRADE? Yes, please!
I think that more or less covers all of the important points needed for you to now move in the preferred direction on your own. Their intentions are clear and clean: Be the very first crypto-commodity exchange that has low fees, is secure and has a user friendly interface in order to offer the best experience to traders of all levels.
To check out the token sale, team, roadmap or anything at all just visit Digital Ticks' official website down below. You can also join them on Telegram, Twitter or Facebook.
I hope you have enjoyed today's review and my company along the way. Thanks for taking the time and will hopefully see you all in the next one.
Website: https://www.digitalticks.com/
Telegram: https://t.me/digitalticksexchange
Twitter: https://twitter.com/digitalticks
Facebook: https://www.facebook.com/DigitalTicksExchange
My Eth wallet Address: 0x5f7B7656299D1351361B855dE3A5492C2771eBa5
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1934793