Image source: Trade.io
When I first came across Trade.io, I saw a copycat of Binance and Kucoin. It seemed like just another trading platform just like Binance and Kucoin,minus the many crypto assets on there and a very long waiting list. However, a friend of mine kept pointing out its potential of price increase after being listed on Kucoin. I was not convinced, but I thought I give it another shot at researching what Trade.io was all about. As I read more, I realized how wrong I was. Trade.io was far more than just a copycat. It was a revolutionary platform that, if done right, would put the likes of Binance and Kucoin to shame.
Trade.io is a cryptocurrency exchange that allows users to trade over the blockchain. Trade.io eventually aims to incorporate the trading of precious metals and commodities. What sets it apart from other exchanges is its secret weapon.
Trade.io's Secret Weapon
In extremely simple terms, a token or coin appreciates in price when it has a use case and if it gives users a reason to hold them. Binance's token gives you a discount when you trade, while Kucoin shares gives you some interests for holding its shares. I use both Binance and Kucoin. Honestly, I like both Binance and Kucoin because they have a long list of coins an tokens. However, if Trade.io had the same amount of coins and tokens, I would immediately jump on to Trade.io. That is because they have a secret weapon in the form of their liquidity pool.
The liquidity pool can be a bit difficult to explain, so let me try to contextualize it first. Let's assume your country has a tax called the Goods & Services Tax or GST. For every item or services that you buy, you are charged a percentage. This percentage is paid to the government. However, what if it gets refunded back to you? The amount could incentivize you to spend more. This is what Trade.io is doing in the form of a liquidity pool.
In every trade made on any trading platform. There is a myriad of fees that is paid by the user. These fees include spreads, commission and margin interests. The user would never see these fees as it is paid to the trading platform as it is considered as revenue. However, Trade.io pays back 50% of the revenue to the users, distributing the platform's earnings to the users. This not only incentivizes the users to continue trading on the platform, but could make Trade.io a kingmaker. Let me give you an example, if you have been in cryptocurrency for some time, you will know that if a certain coin or token gets listed on Binance or Kucoin, its price will surely soar. This is due to the user base of both these platforms. The more trading volume and the more purchases made affects the price of a token or coin.
However, what if you are on a platform that gives you a reason to trade? Knowing that you will likely get back a percentage of your trades would definitely tempt many users to trade new tokens for a small profit. If this happens, then any token or coin that gets listed on Trade.io would definitely see a spike in trading volume and possibly, price. As much as this can be one of Trade.io's main selling point, there is another.
Education For A Better Trade
Trade.io offers free education courses for anyone who plans to trade on their platform. I love how they structure their videos in a way that is not too long. This allows someone who is new to trading to better understand how to trade different cryptocurrencies or even choose which cryptocurrency to trade. I think for many who are new to this space, they will find such services welcoming as it helps them to continue trading. This not only helps the user use the platform but may prevent them from losing their hard earned cash on the platform.
Another aspect of education on the platform that I find great is the ICO consultancy service. Trade.io would help a company with the entire ICO process, ranging from planning and writing the whitepaper, to fundraising and marketing. Furthermore, Trade.io would even help in getting these companies listed on the exchange of Trade.io. Essentially, a company would not have to worry much as they have a great team who would help in ensuring the entire process is a success. What interests me though, is the team.
If Trade.io's team is able to execute the entire ICO process until the part where it gets listed on an exchange, it means that quality for these ICOs is assured. It would be rather unwise to plan and launch a lousy coin and list it on your exchange. This would only affect its reliability. As such, I am sure that the team at Trade.io would ensure that all planning and execution is taken care of to produce top quality ICOs and coins. If that is the case, imagine listing several quality coins after successful ICOs on the platform. This is similar to Kucoin who would vet any token or coin before listing it on the exchange. This has proven to be a good move for Kucoin and I am sure Trade.io would see similar results.
Conclusion
I find that Trade.io has the potential to do well in the future, possibly becoming one of the top exchanges in cryptoccurency and beyond. I will continue to review Trade.io's site, so stay tuned. Until then, do visit their site and sign up for their exchange. There is a waiting list unfortunately, so do hop in and join the fun in the many social media groups of Trade.io listed below.
Sources:
- https://trade.io
- https://hackernoon.com/trade-io-white-paper-review-e0a5e7eec587
- https://steemitstage.com/@tradeio
Social media links:
- YouTube: https://www.youtube.com/channel/UC4LkJ1sK-nQ3bAC4Xv8sRag
- Medium: https://medium.com/trade.io
- Facebook.com/trade.io
- Twitter.com/TradeToken
- Reddit.com/r/TradeIOICO
- Instagram.com/trade.io_official/
- https://www.linkedin.com/company/11296933