IDAP: The International Digital Asset Platform .

kogalum86 (39)in #ico • 6 years ago

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’s core team and advisors comprises of distinguished alumni of premier institutes such as Oxford University, London School of Economics, Stockholm School of Economics, Indian Institute of Technology, National Institute of Technology(India), Stanford University and University of California. With diversified knowledge in various fields such as Investment Banking, Finance, Economics, Blockchain and Information Technology, the team brings forth years of expertise, business acumen and skills to be successful entrepreneurs.

At IDAP, our vision is to transform the crypto economy. We endeavour to create a secure, robust, customer centric and full-featured crypto asset market exchange that enables investors to experience numerous diversified trading and investment opportunities under a single roof

As of today, cryptocurrency trading opportunities consist of majorly spot(cash) trading. As the number of cryptocurrencies will increase, the trading volume and the market participants will increase subsequently. Most of the existing and emerging exchanges are focusing only on the spot trading of cryptocurrencies and tokens, but the essential derivative trading products are not available. We all know how important derivative products are to facilitate effective risk management and price discovery. If we compare the derivatives trading volume of crypto assets to the crypto cash market trading volume, it is only 10%, but if you compare the traditional capital markets, derivatives trading is at par with spot trading and in some cases trading volume of derivatives products surpasses the spot market trading volume. Trading volume is just a number. But it’s the opportunities in terms of trading and investment methodology that makes the derivatives so essential and lucrative. These products will provide the option of hedging and speculating which in long run will make crypto market more efficient and liquid.

To give cryptocurrency traders and investors diversified product offering, IDAP is introducing the derivatives product ecosystem to the crypto asset market which will enable current market participants to choose from multiple trading instruments as per their requirements. Our offering will include futures of crypto assets with option to trade futures outright, calendar spreads, butterfly spreads of major cryptocurrencies and tokens. Along with futures we will also offer spot trading with fiat integration, perpetual swaps, crypto indices derivatives, and multiple trading and investment products.

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.

Through our optimized platform, diversified offerings and ongoing innovations, we will deliver a complete trading experience to the growing crypto user base.
Desktop Applications

IDAP will provide its customers, the trader-friendly ‘Desktop App’ with custom features for a seamless trading experience. In conjunction with our flagship trading tool, the Desktop App, customers will also have access to our exchange via the in-browser trading app as well as the mobile app. The full features list of IDAP Desktop App includes:Order entry form supporting Market, Limit, Stop-Loss, Stop-Limit, Iceberg, trailing stops, OCO, bracket and various other conditional orders.

Real-time market data charts supported by generic and advanced technical indicators and analysis.

Account and position monitoring, order book, trade history, fill book etc.

The custom arrangement of market data, order and trade history, positions, charts and technical tools, other data items and color schematics.

Ladder

For the assistance of intraday and professional traders, IDAP is introducing ladder trading to crypto market. Being one of the key features of this crypto trade & exchange platform, the IDAP Ladder will enable the traders to view price action, best bid and offer, last trades’ price and quantity, total traded volume at each price, high and low market points of the day, depth of market orders and various other critical data related to trading. The IDAP ladder will allow the traders to submit, modify and cancel orders with one click (Power of Point-and-Click Trading). The IDAP ladder will also help in visualizing the relative position of correlated products, neatly displaying this data in the user dashboard.

Matrix

The IDAP Matrix will serve as a crucial trading tool. With the IDAP Matrix, traders will be able to view market data for all contract expirations of an asset as well as market data for exchange-quoted spreads for the underlying asset, all in one window. Traders will have the ease to trade, place, modify and cancel orders directly through the IDAP Matrix.

Spreader

The IDAP Spreader will allow traders to create, manage and execute synthetic spreads based on futures contract available on the IDAP exchange. Synthetic spreads are Intermarket spreads, whose prices are not quoted on the exchange itself but have to be calculated based on the underlying contracts listed on the exchange. For example, a user can create synthetic spreads of Bitcoin (BTC) and Ethereum (ETH) through the exchange quoted spreads of BTC and ETH. This is another distinguishing feature that is unique to IDAP exchange ecosystem.
IDAP Ecosystem

IDAP is solving all the problems of the current trading crypto market and providing users diversified trading and investment instruments, advanced tools, very good customer support to resolve any query at any time and increased security to the users and their transactions. IDAP ecosystem is giving users the extended product offering which consists of the following:

Spot Trading

IDAP will provide users with spot trading for crypto coins and tokens where users can have choice of both crypto-crypto and crypto-fiat pairs. Initially pairs like BTC/Altcoin, ETH/Altcoin and IDAP/Altcoin will be offered in this ecosystem.

OTC Trading

This will give the users an access to over the counter (OTC) trading with a very user-friendly interface.

P2P Lending

The ecosystem also has borrowing and lending feature where borrowers and lenders can directly connect, and lenders can lend money to borrowers. Here P2P lending can be done in both fiat and cryptocurrency.

ICO Incubation

The selected upcoming projects will get assistance in this platform. Entrepreneurs, advisors, industry leaders and developers will provide these projects technical consultation, resources and initial funds to help them grow.

Exchange Features

IDAP Institutional Grade Matching Engine

The matching engine supports Direct Market Access (DMA), Central Limit Order Book (CLOB), Request for Quote (RFQ), Implied Orders functionality for futures market, fast price-time priority and pro-rata Orders Matching Algorithm, industry standard FIX-based interfaces for order management, advanced conditional orders like OCO (One-Cancels-the others), Brackets, icebergs orders and more. IDAP matching engine is a blazingly fast and highly scalable order matching server with the throughput of more than 1 million transactions per second equipped with advanced risk controls.

SOR And TOMS

Increasing the number of various cryptocurrency exchanges leads to liquidity fragmentation. To tackle the issue of thin liquidity and even benefit from such a situation, IDAP will implement Smart Order Routing to choose the best prices and order distribution to manage liquidity. Smart Order Routing will be performed by IDAP's Smart Order Routers, a system designed to analyze the order books of other exchanges and perform best possible order placement. SOR will optimize execution of trades by using advanced routing rules and algorithms when directing orders to various parties including exchange, users, and ECNs. IDAP Trade Order Management system (TOMS) will provide a high-end order management via FIX interfaces and will also make the order history database accessible
THE IDAP TOKEN
IDAP token is ERC20 token based on Ethereum blockchain. It's a utility token and is an integral part of our platform.

FEATURES OF IDAP TOKEN

Zero Trading fee For ICO contribution
This is a special feature of IDAP that add values for its customer, This feature has been introduced for the first time in the crypto exchange domain. IDAP will not charge any transaction fee for our ICO participants who buy 20,000 or more tokens.

Trading and Management Fees
IDAP will charge modest trading commissions. Our tentative fees are as follows:
a. Spot trading fee 0.05-0.10%
b. Derivative trading fee 0.015 -0.03%
c. Service fee on P2P Lending 7.5* -15%
d. ETFs No entry fee, 2% exit fee
e. ICO venture fund 2% Management fee

50% Discount using IDAP Token
IDAP Tokens can be used to pay for trading commissions as well. Permanent discount of 50 percent will be applicable for
the fee paid on all the transactions via IDAP Tokens. Also, any promotional discount will be in addition to the above mentioned 50 percent.

Burning of IDAP Tokens
IDAP will remove 20 percent of all the IDAP tokens from circulation received as trading commissions and other platform fees and will continue burning these tokens until the total supply of IDAP tokens reaches 500 million.

TOKENOMICS

Token Name - IDAP

Token Type – ERC 20

Token Price - $0.03

Pre-Sale - 25 June To 24 July 2018

Crowd Sale- 7 August To 30 August 2018

Soft cap (in IDAP) - 200,000,000

Hard Cap (in IDAP) - 750,000,000

Total Supply (Fixed) - 1,000,000,000

PRE-ICO TIME
2018-06-25 - 2018-07-24

ICO TIME
2018-08-07 - 2018-08-30

TOKEN DISTRIBUTION:

USAGE OF FUNDS:

ROADMAP:

Q4-2017 to Q1-2018

Ideation & conceptualisation of the IDAP ecosystem
Detailed research and analysis conducted
Core team built
-Advisory board formed
Strategic partnerships made
Q2-2018

Website launch and Lite Paper release
White Paper release
Community building
IDAP exchange platform development
Company registration in Estonia
Release of IDAP demo platform
License procurement for derivatives trading and asset management
Public voting for coins/tokens that will be listed on the live exchange
Start of token sale
Q3-2018

Product architecture development and testing
Front-end development
Formation of banking partnerships for fiat integration
Derivatives market products testing
Advanced APIs integration and testing
IDAP Exchange marketing
Alpha release
Q4-2018

Test run of platform features
Beta release of the platform
IDAP Exchange launched, supporting desktop, web & mobile apps
Listing of top voted coins/tokens on IDAP Exchange
Gathering of the ICO Venture Fund
Q1-2019

Integration of extended product offerings
ETF integrated into IDAP platform
P2P lending functionality enabled
Crypto Indices integrated into IDAP platform
Customer feedback collection and analysis
Q2-2019

IDAP’s ICO incubation services launched
New cryptocurrencies added to exchange listing
Evolved, improved and new product offerings based on customer feedback
Integration of live news tracking and analytics tools

The Amazing Team: