Jul 29, 2018
The International Digital Assets Platform (IDAP) is the first self-contained ecosystem for the cryptocurrencies derivatives trading market. Contained within this ecosystem are the IDAP Exchange, the IDAP Desktop App with advanced trading tools and most importantly, crypto derivatives instruments by IDAP, for trading and investment. By bringing together individuals and institutions in need of risk management or with an eye at profit via risk acceptance, our goal is to become the most diverse crypto derivatives marketplace for buyers and sellers.
The volatility of the current crypto market has made it imperative that the issue of risk management and hedging options for crypto assets be addressed without delay. Traders being free to take long and short positions and to bet in both the bull and bear run of the market, thus being able to diversify and optimise their portfolio performance, are all made possible by the introduction of a highly diverse and wide range of multiple crypto based derivatives products, including Futures, Spreads, Swaps, Options and Crypto Indices. Moreover, the trading of these above mentioned financial instruments deepens the liquidity of the market, in effect stabilising the price points of the underlying crypto assets. This is what the IDAP ecosystem for crypto derivatives market trading has exclusively been built to achieve.
Our team of highly motivated professionals, possessing a robust academic background coupled with years of trading experience on world’s best exchanges like CME and ICE, identified the three pillars of success upon which the IDAP ecosystem will stand tall. First and foremost, is the extensive array of IDAP product offerings that include but are not limited to, crypto based outright futures, calendar spreads, butterfly spreads, American options, perpetual swaps, crypto indices and ETFs, that enable traders to hedge, speculate and invest, opening up a new realm of market possibilities. Secondly, is the IDAP exchange, a trading platform with low latency, high availability, housing an Institutional Grade Matching Engine with implied orders system, advanced OMS & SOR capabilities and FIX 4.2/4.4 protocol for HFTs, designed to be fault-tolerant and swift in its operations. Lastly, are IDAP’s advanced data visualisation and analytics tools, created for trader assistance in charting intraday, and historic time series data to gain insight into market trends, facilitating immediate action and thus forgoing the need for end-of-day reports.
The IDAP ecosystem is thereby going to be the comprehensive solution for traders. Harnessing all the advantages of the traditional trading market and distilling them to suit the cryptocurrency landscape, the IDAP ecosystem will offer a boost to the crypto market in the right direction. Our platform will redefine how exchanges operate and by attracting more traders via our various product offerings, we will expand the pool of participants fostering greater market liquidity and thereby contributing to its overall growth.
The IDAP Exchange is designed to operate at low latency, high throughput and maximum uptime. By incorporating geo-replication in its architecture, the exchange is built to be fault-tolerant, ensuring that the platform delivers a seamless and uninterrupted trading experience to its users. Below is a high level abstraction of the exchange architecture showing how the different systems within the exchange are connected logically.
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 throughput of more than 1 million transactions per second equipped with advanced risk controls.
IDAP’s market exchange trading platform is a proven fast, high-volume and low-latency exchange engine. This exchange platform will be hosted on high availability IT infrastructure, thus, enabling fault-tolerant architecture with guaranteed 99.995 percent uptime.
In order to provide a fault-tolerant architecture, a standby exchange setup has been planned with active data replication. This standby exchange will start as an active exchange, in case the primary exchange goes down due to any reason. Active geo-replication will provide database redundancy and a low-latency platform for the end-users. Geo targeted load-balanced environment for the trading front-end has also been planned for deployment. FIX clients will connect to the exchange using FIX routers connected to the exchange platform.
Q4 - 17 Ideation
Q1 - 18 Conceptualisation of IDAP ecosystem
Q2 - 18 IDAP website launch and company formation
Q3 18 IDAP ICO and exchange development
Q4 18 IDAP exchange launch
Q1 19 Investment instruments like ETF, crypto indices and P2P lending will be integrated into the platform.
Q2 19 ICO incubation
Attention. There is a risk that unverified members are not actually members of the team
IDAP is the first self-contained ecosystem for the cryptocurrencies derivatives trading market.
The platform enables easy crypto derivative exchange with the users enabling to access a variety of cryptocurrencies with no trading fees making the project viable making me invest in it.
Positives Multiple investment tools to provide a diversified but optimum portfolio Could encourage more users into the overall cryptocurrency market Provides lending between users Negatives Using a potential of 50X leverage ratio may be considered too risky by some users
If this is the type of investment you are looking to make then be aware that the do have a KYC requirement however they are not whitelisting clients, and as such whenever you do wish to make a purchase of their tokens you will be able to do so with relative each and peace of mind of course. The time scale at which they are going to be going live with their ICO isreasonable and as such you do have a fair amount of time in which to stake your claim for their tokens. The business concept does look a sound one and one that does have plenty of merit, and if it is actively taken up by those people who are interested in using a blockchain to sell their digital assets that there is a long-term appeal to their project too, which is what often makes or breaks any ICO.
IDAP intends to provide several exchange mechanisms that will assist experienced traders with making profit in a bull or bear market. Whether its futures, options, perpetual swaps, or indices derivatives, many traders seek such functionality from a crypto exchange to ensure they have a high degree of precision and control over their investment decisions. The "Hodl" strategy will no longer be the best way to profit in the crypto community should their product make it to a user friendly and functional state, volatile markets could stir profit rather than emotions when using the features within their platform. Tokens and coins that wish to list on their platform will have to pay fees using the IDAP token. This utility will stimulate the token price along with their plan to burn tokens, this helps ensure the token value grows in parallel with the exchange. Zero trading fees for ICO contributors makes this venture more appealing, but the question remains, will IDAP have the necessary liquidity and volume on it's exchange to make certain your trade orders get filled? Without a solid referral system, the user base will grow at a slower rate when compared to other leading exchanges. Investing in IDAP could have uncertain results without knowing their marketing plan and budget. There is a dedicated 22% of funds that will be used towards marketing, investors can only hope that this gets maximized to ensure users bring volume to a new exchange where it is required.
Differentiation: The platform aims to provide a marketplace for derivatives for cryptoassets. When compared to traditional solutions, the platform does not provide any features that are particularly novel (with the exception of the use of cryptocurrency). One of the problems that the project aims to solve is that “”trading systems presently available in the crypto landscape are nowhere close to their traditional counterparts””. As such, the trading systems that the organization plans to implement are not unique, and when compared to other blockchain-focused projects for derivative markets, there does not seem to be any standout features. The organization is aiming to primarily implement existing features towards cryptocurrency markets.
Market Penetration Potential: The platform does not provide notable advantages over similar blockchain-focused derivative trading platforms that would indicate that the project will likely gain market dominance, especially considering the lack of legal content that is provided in the whitepaper which may indicate that the organization may face considerable regulatory obstacles as the platform develops.
Solution Advantage: The platform does not provide considerable advantages when compared to similar platforms. It is explicitly stated that the organization is attempting to implement “legacy trading offerings into the current cryptocurrency market”.
Long-Term Vision: The platform aims to provide a solution for a gap in the cryptocurrency market, where there is a lack of derivatives trading opportunities for cryptocurrencies. The organization plans to create a competitive product and to gain hold of the market for cryptocurrency derivatives trading.
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