A Secure & Compliant Exchange Driven by Blockchain Technology
Hello everyone ... see me again Wong linglong3 this time I will explain at a glance about * 1st TRADE * so read carefully read fully to your knowledge who knows how useful to you in the future ...
1st TRADE brand explanation
1st TRADE consists of two common independent words-- First and Trade, for easy memory and use. First Trade symbolizes the preferred trading platform. 1st Trade team hopes that 1st Trade will become users’ first choice for exchange that offers blockchain-based trading and derivative service in the near future.
Platform Introduction
Blockchain trading system with Independent intellectual property rights
1st TRADE is an independently-developed blockchain asset trading system with independent intellectual property rights. The development team is experienced in banking system development, applying the most advanced front-end and business architecture. According to the authoritative organization, the system single-server matching rate can up to 50,000/TPS, and it can grow linearly with a reasonable scale out. The current system used by the platform has been operated for one and a half year, and its back-end operating system, risk control system, financial system and operating system have been working smooth and stable during this period.
Embedded risk control and security system
In response to the security issues of exchanges that frequently happen, 1st trade team jointly developed an independent risk control system with a well-known third party, and embedded it into the existing business module, enabling the platform to react quickly to abnormal transactions and wallet system anomalies. Besides, all the codes have been reviewed by professional team, and 1st Trade got a security report issued by a senior security company. The internal control system was strengthen by security optimization, back-end grading authority, and independent private CA certificate so as to reduce internal damage.
Blockchain derivative financial service architecture
1st Trade will offer derivative services such as institutional high-frequency trading quantification, node Staking business, VC, PE, hedge funds and blockchain insurance based on blockchain wallet system and multi-signature architecture blockchain asset escrow.
1st Trade embedded blockchain asset white label system is reasonably configured. 1st Trade will also offer users institutional accounts according to the user grading system, so that the institutional account can be established independently of the trading system, and the exchange depth information can be shared in real time.
Community incentives is the core function of the token
Platform token will be designed with community incentives as the core function. That is to say, 1st Trade will encourage community members based on a reasonable contribution rate to inspire community members to invite new members and to improve online announcement function; promote decentralized community building and overseas communities autonomy through node functions; effectively activate community members through token rewards and various activities. 1st Trade team will finish the multi-level reward and punishment mechanism such as onchain cross-token Staking service, onchain incentives mechanism and trading contribution incentives in the future.
1st TRADE (FRT) function
- Reduction of commission for trading. Registered exchange users can use FRT tokens to pay trading fees.
- Discount on trade. When trading on Trade Exchange 1, FRT tokens will be discounted for traders.
- Referral program. Invite friends, relatives, and acquaintances to register at the First Trade Exchange and you will be given a gift, so if your invitation passes verification, you will receive more gifts and them too.
- Trust insurance. 1st Trade has its own trust insurance system where users can buy crypto assets and insure them, and this ensures high security of crypto assets.
- Credit system. 1st Trade works on blockchain technology and uses a lending system. This system allows registered users to receive loans honestly and transparently.
- Stable coins. 1st Trade will use a stable coin on its platform.
- Stacking system. Stacking is a convenient and easy way to mine on the platform itself, where you can get even more to save coins.
FRT DPOS Ecosystem
DPOS (Delegated Proof of Stake) is a consensus algorithm based on voting. The holder selects the representative node to operate the network and uses the professionally run network server to ensure the security and performance of the block network. The 1st Trade Center network uses a Proof of Stake (POS) mechanism, and the weight of the validation node depends on the total amount of the staking token (FRT) that is bound. The FRT can be held directly by the validation node or it can delegate the tokens of other FRT holders.
Any user in the system can become a validation node candidate by sending a transaction that verifies the node election. In the node ecosystem, it is not necessary to solve the mathematics problem. The token holders vote to in or out, which solves the performance problem of the POS. The validator participates in the election, and the validation node is equal to the total amount of the bound token and the delegated token, and the 13 validation nodes with the highest total amount will become the delegation node. FRT will also generate dynamic monitoring on the chain to dynamically adjust the circulation of existing coins and the amount of new token unlocked by the block so as to realize the dynamic rights of the delegated nodes.
Team Advantages
Rich global blockchain operation experience: the founder Jearon is experienced in global brand and community operation in the blockchain industry. The foreign team members have rich experience in overseas community and media operation.
Solid technical strength: the platform has independent intellectual property rights, and its core matching engine can process 10,000 orders/second with single server, which can be scaled out. The technical team has experience of platform architecture and coding and has their own trading robot system.
Mature trading system: The restructuring system has been running stably for more than 6 months, and the core functions such as code review and embedded risk control system has been gradually improved .
1st TRADE Token (FRT)
FRT - short for First Trade Token. This token is the ERC20 standard and is the domestic currency of the First Currency Exchange. FRT supports project work and exchanges trading with many crypto assets. Therefore, FRT is an important part of the entire TRADE ecosystem. FRT can be used in various exchanges and other wallets, for example, myetherwallet, metamask and so on.
TOKEN INFORMATION
TOTAL SUPPLY：500,000,000 FRT
ROCKET UP HARD CAP：6,300,000 USD
ROCKET UP AMOUNT：105,000,000 FRT
SUBSCRIBE PRICE：1 FRT = 0.06USD
AMOUNT FOR THE 1ST ROUND：30,000,000 FRT
PRIVATE SALE PRICE
LEVEL 1：1 FRT=0.054 USD
LEVEL 2 : 1 FRT=0.042 USD
LEVEL 3：1 FRT=0.03 USD
SUBSCRIPTION LOCK PERIOD：NONE
DISTRIBUTION TIME：NOVEMBER 26,2019 AT 13:59:59(HKT)
EXCHANGEABLE TOKEN: USDT ONLY
TOKEN TYPE：ERC 20
Token Distribution:
20% - Project support, various operations and team incentives.
10% - Marketing, PR, gift companies.
15% - Legal side.
21% - IEO sales.
34% - DPoS mining.
Roadmap
2019 Q4
Staking function with Static Reward
Trading Fee Deduction
FRT Token Release
2020 Q1
On Chain Staking function will available, the POS on chain governance will start
2020 Q2
First Trade Fund Establish
POC consensus will available on the First Trade
Fund website to let community members can get
POC reward through their contributions.
POC Incentive Consensus Publish
2020 Q4
Self-governance of Inflation and deflation on the chain
Finish POC+POS Consensus
Trader can loan stablecoin through cross chain
2021 Q2
Issurance system on FRT.
On-Chain Stablecoin Issurance system
2022 Q3
On-chain mortgage loan avaliable
On-Chain Leverage Loan System
As the payment gateway of implementation in
2023 Q2
crypto and fiat exchange
Fiat & Crypto Trustable Payment Gateway
2023 Q4
Provide universal API on FRT chain to let 3rd
party Audit and Clearing service provider can give a certificated data to all community members
On-chain Clearing & Audit
Conclusion
Behind this platform is an experienced, strong and hard-working development team, who has years of experience in the blockchain industry, the banking system and so on, and therefore they use various innovative technologies in development. Using this technology, the frequency of matching with one server system, imagine can reach 50,000 / TPS, while it can grow with maximum increase. The platform has been using such a system for 1.5 years and during this time period there were no problems in the internal operating system, risk management system, finance, and so on.
For more information about 1st TRADE, please click the link below:
Website: https://www.1strade.io
WhitePaper: https://www.1strade.io/doc/FRT-en.pdf
Twitter: https://twitter.com/1stTrade1
Facebook: https://www.facebook.com/1strade
Linkedin: https://www.linkedin.com/company/1strade
Telegram: https://t.me/FirstTradeOfficial
Medium: https://medium.com/@1stTrade
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5201001
Author: Wong linglong3
Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=1229230
ETH Address: 0xB83929049C908CF9cb1678A4a2f96d67b645bf97
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