Trade.IO - what truly is Trade.IO and is it a scam you should avoid?
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Hey guys @oghie here.
Way back countless number of ICO were able to have consequentially claimed to transform finance, out of this enormous number only a few of any had impact. Apparently, someone might be considering Trade.io to be a scam or another ponzi scheme. Nevertheless trade.io is only seeking for the attention of of investors to join the chain of trading revolution. In other words this is a reasonable venture that investors might want to invest in.
What is Trade.IO?
Unlike other cryptocurrency platform, trade.io supplies it's users and investors with trade tokens, this token can then be used in the trade.io exchange. Right on the trade.io platform there quite a number of investments avenue which includes margin interest, delegation, commission, spreads and others respectively. The impression of this logic is based on a very simple fundamentals - in other words building a gigantic pool of wealth raised by individuals. At that time when the trade tokens were received each user and investor had access to this liquidity pool and could invest in any of the trade able apparatus at the exchange.
After i finished reading the trade.io whitepaper, i discovered they intended to raise $50million as a result of the liquidity pool, out of that $150 million they were offering 50 million trade tokens. The Pre-ICO sale started approximately on the 7th and closed on the 25th November, at that time one ether token could purchase 1,000 trade tokens respectively.
The company had intended to raise $10 million for this initial phase, but the investment has even surpassed these expectations. More than $11 million has already been raised. The actual trade.io ICO starts on the 5th of December, where each ether token will be worth 625 trade tokens.
How reliable is this trade.io
Basically in order to consider if a particular ICO is a scam or not, there re numerous guidelines to decipher them. The most crucial part to be considered is their long-term support, and this decides if the idea has a real-world applications respectively. Notwithstanding, trade.io seems to have this under proper control, as they already assured to secure a deal to TIO tokens on HITBC exchange platform. In other words, being accepted into an exchange platform gives genuineness to cryptocurrency. This also signifies that investors are assured a way to sell the tokens at any time they wish. Numerous established companies have also decided to partner with trade.io, companies such as FXPRIMUS and Primus Capital UK.
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Apart from the sound and awesome idea behind this project. It asl creates a pool of money for investors to make use of. This is quite resembling to the DAO, unfortunately it was supposed to be launched last year, but due to some reason or the other i wasn't launched.
In addition, the trade.io community is also backing the project as we can see, this was ,ade know from the Pre-ICO sale that surpassed expectations. Nevertheless, this eagerness for trade.io platform has even made the trade.io company to lessen the entry price for their trade tokens, this was a way to attract more and more investors to their platform.