Cryptocurrency exchanges can be said to be responsible for the arrival of crypto to limelight as they’re the only aspect of the blockchain industry that gives cryptocurrency holders the opportunity of having to exchange their cryptocurrencies to other crypto and also fiat.

Several inadequacies are known to be endemic in most cryptocurrency exchanges we are used to but then, we still cannot do without that because they serve as the only safest and fastest medium of acquiring and liquidating our cryptocurrencies.

Still yet, we cannot afford to do without exchanges in the cryptocurrency ecosystem and as such, several efforts are being put in place by different projects in order to make cryptocurrency traders derive the true satisfaction they crave for in trading cryptocurrencies but unfortunately, these has not been encouraging so far and as a result, most traders have to depend on several crypto exchanges in order to trade conveniently.

Introducing the First Trade Platform

First trade is an exceptional blockchain assets exchange platform that is dedicated towards bridging the gap between blockchain assets and traditional finance.

This platform has created an ERC-20 based digital asset (FRT) which is also known as First Trade Token which is mainly created for the purpose of building and motivating and supporting the global FRT community.

The token is an improved deflationary ERC-20 based token which is also mineable and is compatible with all Ethereum wallets with normal gas fee standards. The token has a total supply of 500,000,000 FRT and an initial offering price of 0.06USDT per token. The total mining pool of the FRT token is 170,000,000 which is 34% of the total supply and will take approximately 3 years to mine completely.

What are the Usecases of FRT tokens on the Platform?

• Can be used to pay for trading fees on the platform
• Traders that pay their trading fees in FRT shall enjoy certain amount of discounts
• FRT shall be used as form of incentives for referrals on the platform
• Mortgage loan and
• Stable coin equities.

FRT operates on a Proof of Stake Mechanism; therefore the consensus algorithm it operates on is the DPOS system. This allows a holder to select the representative node to operate the network.
The weight of validation node depends on the total amount of the staking token (FRT) that is bound.
The performance problem of the POS shall be solved by token holders because they have the power to vote in or out.

In conclusion, 1st Trade platform is here to set a new standard in the world of cryptocurrency exchange, its experience and professional set of team, excellent proof of stake mechanism and deflationary status of its token is enough reasons to ascertain the achievement of the aims and objectives of the platform, making it the first of its kind in the blockchain space. Hence, this is not a project to miss out on.

For more information and enquiries on this platform, kindly check the links below;
Website
WhitePaper
Twitter
Facebook
Linkedin
Telegram
Reddit
Medium
Bitcointalk ANN

My Bitcointalk Username: amusanmikel2
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2305577
ETH Wallet: 0x56E19a3DcaF241667FbFb0Dd370a3046b6Fd13b5