idap.io

IDAP is the first self-contained ecosystem for the cryptocurrencies derivatives trading market.

PROS:

• The platform enables the customers  to access a variety of trade and investment products freeing up the traders to execute all their trading  and investment on IDAP without the need of hopping from one exchange to another
• The platform has a well generated desktop and mobile application with custom features  for a seamless trading experience  and  easy access to the platform exchanges
• The platform  adopts several key security features e.g. three-factor authentication ,secure cold storage with cold wallet management CCSS and insured hot wallets enabling the users to carry out secure exchanges
• The  has a full time operational custom support to deliver assistance to the customers  enabling them to carry out proper investment through the product  improvement
• The  platform token which meets the ERC-20 standards enables the customers   to enjoy a zero trading fee making the platform to be user-friendly
• The platform enables the customers to access an extended product offering including access to crypto pairs(crypto/fiat pairs), perpetual swaps.ICO venture funds and P2P lending all geared towards  improving the product exchanges
• The platform has a good  team comprises of highly motivated professionals, possessing a robust academic background coupled with years of trading experience on the World best exchanges promoting the easy implementation of the project
• The platform whitepaper has adequate information  and available in various languages for easy understanding of the project implications across the globe

CONS:

• The IDAP tokens doesn’t  give the users voting rights in the platform  and participation in the project decision making process
• The amount raised by the platform token for the project  formulation is not specified

SUGGESTIONS:

• The amount raised by the IDAP tokens should be highlighted to enable the users to determine the suitability of the tokens
• The users  should be provided with more incentives from the token use by taking part in the project decision making process

NOTE:

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.