1. INTRODUCTION
A First ever commodity - crypto exchange well designed by traders for traders.
Digital Ticks Exchange (DTx) is just another crypto to crypto exchange but is
also a semi-algorithm platform provider in its own. DTx plans to cater to all types
of crypto assets as well as commodity to crypto assets. DTx would be power
packed by a lot of advanced features including all the basic features of an
exchange required by a novice trader to a professional trader as well as for a high
frequency trader. In terms of security DTx is taking extra precautionary measures
to avoid any kind of hacks like DDoS attacks, phishing attempts and by also
performing vulnerability assessments and penetration testing. DTx has installed
robust technologies behind the scene that could handle heavy volatility of the
crypto markets as well as commodities markets which can handle upto 1,000,000
orders per second.
Digital Ticks Exchange team believes into robust technology, ahead of industry
standards in terms of providing customer service to its stakeholders as well
traders. Digital Ticks Exchange team ensures all its traders to have a smooth and
user friendly trading experience.
2. BLOCKCHAIN TECHNOLOGY
Blockchains are secure by design and are an example of a distributed computing
system with high fault tolerance. Decentralized consensus has been has
achieved with a blockchain. This makes blockchains potentially suitable for the
recording of events, medical records, and other records management activities,
such as identity management, transaction processing, documenting provenance,
food traceability or voting.
Benefits of Blockchain Technology:
Decentralization
Transparency and trust
Immutability
High availability
Highly secure
Simplification of current paradigms
Faster dealings
Cost saving
Peer-to-peer global transactions
Use Cases
Stock exchange
The notion of using blockchain technology for securities and commodities
trading has been around for a while. Given the open-yet-reliable nature of
blockchain systems, it is not surprising to hear that stock exchanges now
consider it as the next big leap forward.
In fact, Australia's stock exchange is dead set on switching to a
blockchain-powered system for their operations
https://www.bloomberg.com/news/articles/2017-12-06/blockchain-scoresmajor-win-as-australian-exchange-plans-shift
Cryptocurrency Volume
The cryptocurrency market is now doing the same daily volume as the New
York Stock Exchange
Dec. 20, 2017 LONDON - Global cryptocurrency markets are now
averaging the same daily trading volumes as the New York Stock Exchange.
Twenty-four-hour trade volume in the cryptocurrency market was passed the $ 50
billion mark on Wednesday, according to the data provider CoinMarketCap.com.
That is close to the daily volume of the trade on the New York Stock
Exchange this year. Daily trading volumes on the London Stock Exchange hover at
about £ 5 billion, or $ 6.7 billion. The comparison is inexact, as the cryptocurrency
market is arguably closer to the foreign-exchange market, which has daily
volumes of over $ 5 trillion.
Cryptocurrency Market Cap & Volume
3. CHALLENGES OF CURRENT CRYPTO CURRENCY EXCHANGE
Lack of Liquidity
Lack of liquidity is a concern for all traders in the market as it increases
the impact of investment cost while making it difficult for them
to trade. This majorly happens because not many people are buying and selling
assets on the exchange thereby creating a thin depth in the market.
Digital Ticks Exchange would have dedicated market makers who would
provide continuous depth and liquidity in the market. Digital Ticks Exchange team
has a decade of market making experience in global financial derivatives market.
Inefficient customer service
Currently customer service is posing a major problem to the trader
community. Delivery of customer service is very slow, they do not even respond to
queries for days, long withdrawal times, login issues and funds locked into the
exchange with nobody to guide for the same. When dealing with such large
amount of funds it is essential to have a team of professionals to solve
customer queries.
Digital Ticks Exchange team understands the trader mindset where every
nano-second of trading is important. To cater to the same Digital Ticks Exchange
team has built up a dedicated customer service oriented team who would be
ready to solve the queries of the trader on the go.
Security
Cryptocurrency Exchanges that carry customer's funds in the huge volume
have become a target for hackers and internal frauds. These security concerns
make deposits into these exchanges unsecured.
Digital Ticks Exchange team ensures that the security system will undergo
continuous improvement, regular IT security and financial audits. Digital Ticks
Exchange team would perform vulnerability scans & assessments, security
assessments and penetration testing.
Latency Problem
Increase in new registrations, sudden spike in volumes, inappropriate
infrastructure, unstable connection quality and exchanges reaching its limits in
terms of order per second results into latency problems.
Digital Ticks Exchange team has over a decade of trading experience and
understands the price volatility in crypto world. If they are a bit delay in the
update of price then a trader can face heavy losses. For the same Digital Ticks
Exchange team will provide robust technology in place and is committed to
upgrade the same from time to time.
Downtime
Shutdown of exchange without any information can cause huge financial
losses to traders who can not place or modify their orders especially when market
is highly volatile. Users trading come to a halt and they can not withdraw their
own funds from the exchange which results into loss of trust on the exchanges.
Digital Ticks Exchange team performs perform scheduled maintainence by
updating their registered users in advance.
. DIGITAL TICKS EXCHANGE (DTx)
Features - (To be rolled out on platform in following order)
• Crypto- Crypto Currency Pair
• Commodity- Crypto Pair
Spot Trading
• Futures
• Algorithms & High Frequency trading
• Decentralized (on-chain) exchange
• Much more for ease of doing trading ...
Trading Coins / Commodities
Digital Ticks Exchange would support following trading coins / commodities:
• BTC
• ETH
• LTC
• NEO
• DTx
• GOLD
• SILVER
More trading pairs would be added over a period of time as per the demand of
the trading community. If you wish to list a coin or any other financial
instrument on Digital Ticks Exchange in future, participation in token sale will
help.
Security
We value and protect your privacy and the security of your wallet. Digital Ticks
Exchange team has undergone lots of security checklist to keep client assets and
personal data safe. Funds not necessary for immediate withdrawal are held in
secure offline air gapped cold storage.
Cold storage in the context of Bitcoin refers to keeping a reserve of Bitcoins
offline. This is often a necessary security precaution, especially dealing with
large amounts of Bitcoin. Digital Ticks Exchange typically offer an instant
withdrawal feature, so to minimize the possibility that an intruder could steal
the entire reserve in a security breach, we will follow a best practice by keeping
the majority of the reserve in cold storage, or in other words, not present on
the web server or any other computer.
Multi Signature Wallets
Digital Ticks Exchange would be using Multisignature (often called as multisig).
Multisig is a form of technology which is used to add additional layer of security
for cryptocurrency transactions. Funds can be withdrawn through
Multisig wallet only if 2 out of 3 registered signatures matches on Blockchain
Technology
Two-factor Google Authentication (2FA)
Digital Ticks Exchange enforces two factor authentications (2FA) at the time of
log in as well as at the time of withdrawal of crypto assets. Withdrawal of
crypto assets would also require an email confirmation to protect the security
of the user.
DDoS protection
Digital Ticks Exchange would be DDoS protection for its exchange to
protect their users from any type of hacks. A DDoS (Distributed Denial of
Service) attack is an attempt to exhaust the resources available to a network,
application or service so that genuine users can not gain access.
TRADING FEATURES
• Trading multiple instruments
Trader can have an option to put multiple orders together in different
instrument at the same time through a dedicated window provided by the
Digital Ticks Exchange.
• Single Click Portfolio View
Trader will have an ease of looking at multiple instruments on a single
screen named as portfolio view.
• OCO (One cancels the other) Order
Digital Ticks Exchange understands the unexpected volatility of
cryptocurrency which can come at any time during 24 hours. Digital Ticks
Exchange therefore believes in providing an ease to the trader by giving an
option of OCO trading. Trader can place a square off order as well as the stop
loss order simultaneously on the exchange and as soon as either of the order
gets hit another order will automatically get cancelled, thereby provide
trader with an ease of doing trading.
• Trading through mouse and use of HOT KEYS
Digital Ticks Exchange believes in providing utmost ease of trading and for
the same Digital Ticks The R & D team would also provide with an added feature of
shortcut keys named as "Hot Keys" which would make trading easier for
volume-based traders and high-frequency traders to execute the trades. HOT
KEY facility would be available on .exe set up only.
TRADING FEES AND INCENTIVES
• Volume based discount Model
Digital Ticks Exchange will provide trading fee discount for its Highvolume
traders. To avail the Volume based discounts a trader would require to
hold 2000 DTx tokens in their wallet on the Digital Ticks Exchange with a
minimum lock in period of 1 month. The details of the same would be updated on
website under Latest News section.
• Maker & Taker concept
Digital Ticks Exchange will be providing fee incentive to Maker. As the
name suggests a trader who provides depth and liquidity on the exchange
would be termed as maker, hence he would be eligible for a fee incentive, the
details of which would be published through announcements on website under
Latest News section. A taker is one who typically trades on the market prices
and thereby their trades are considered as active trades.
• Minimal Trading Fees
Digital Ticks Exchange believes in giving more depth and liquidity to the
participants by reducing the transaction charges. Digital Ticks Exchange would
publish the competitive transaction charges on the website through the
announcements.
MULTIPLE DEVICE COMPATIBILITY
Digital Ticks Exchange believes in giving ease of trading to its registered
users and to do so Digital Ticks Exchange would provide multiple devices
compatibility through cross platform trading benefits to their registered users
• Web based trading client
• PC (windows) native client
• Android Native app
• iOS native client (pending App Store review)
• API
Referrals on DIGITAL TICKS EXCHANGE
Digital Ticks exchange will provide all the registered users with the unique
referral link under their registered accounts section. Trader can share the link
with their friends to avail a 5% benefit of the commission earned by the Digital
Exchange Exchange. Example: If trader Rocky shares his referral code with Mr.
Tin and Mr, Tin registers on Digital Exchange Ticks with the code provided by
Rocky then every time Mr. Tin trades on the Digital Ticks Exchange he would be
charged a commission fees which would be collected by Digital Ticks if the trade
is an active trade. Digital Ticks would then calculate the commission received
from Mr. Tin and would share 5% of the commission received from Mr. Tin to
Rocky registered account.
DIGITAL TICKS ARCHITECTURE
DIGITAL TICKS EXCHANGE REVENUE MODEL
Exchange Commission Fees
Digital Ticks Exchange initially will operate on zero transaction cost for its early
adopter trader. However, their will be a charge of 0.1% on value going further
down the line. Other features like maker-takers, volume-based incentives would
be introduced subsequently from the date of operation of the exchange. Digital
Ticks Exchange will have no plan to charge above 0.1% on value.
Withdrawal Fees
Digital Ticks Exchange may charge a small fee for withdrawal.
Fees Listings
Digital Ticks Exchange would be happy to list the tokens / coins / commodities
depending on their innovations and demand from trading community. However,
There may be a fee associated with the listing process.
Other Fees
Digital Ticks Exchange may charge a small fee for other features available on
platform which would give ease of trading to traders.
. ROADMAP
DTx token sale would be available to all as per below schedule. All times are
GMT (+4)
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