TYDO — Multifunctional Cryptocurrency Trading Platform

cratortouch (31)in #blockchain • 6 years ago

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TYDO platform is a modern multifunctional platform designed for efficient interaction with cryptocurrency exchanges.
The platform includes Trading Terminal with technical analysis tools, Marketplace where platform users can exchange their trading strategies and ideas, and Social Trading Platform where skilled traders can share their experience, portfolio structure, and trading history.

TYDO platform aims to bring cryptocurrency traders together, providing them with tools for developing and executing trading strategies and ideas with built-in easy-to-use automation solution.
With a well-defined and balanced design, TYDO platform offers a new model of traders' interactions with centralized cryptocurrency exchanges, and with each other, to develop modern approach to cryptocurrency trading and networking.

Motivation

Cryptocurrency is a young and very promising financial product. Modern cryptocurrency markets show rapid growth and high volatility, which, combined with 24/7 operation, can lead to lost profits. On one hand, trading in this mode dictates strict conditions and requirements for its participants. But on the other hand, it gives virtually unlimited opportunities for multiplying trade capital. In addition, in such circumstances, decisions about buying/selling must be made quickly and on time.

A user, whether he/she is a professional trader or a beginner, is not able to monitor the markets constantly. This leads to delays and affects decision-making accuracy. Thus, cryptocurrency trader is facing the following challenges:

• High market volatility can impact profitability and cause losses.

• Impossible to monitor markets 24/7.

• Аrbitrage opportunities in cryptocurrency markets.

• Decisions cannot be made on time, which leads to missed opportunities.

Market Overview

The cryptocurrency market is continuously growing. The last couple of years showed the increased popularity of Bitcoin, raising awareness about cryptos in general, gradual transition to a digital alternative of fiat currency, and higher levels of engagement in trading.

If one were to look at numbers, today cryptocurrencies represent around 0.60% of all the world’s stock markets. However, cryptos continue to grab their share of the global investment market. Since January 2016, the total cryptocurrency market capitalization has increased more than 80x. It reached $17 billion in January 2017 and rocketed to $560 billion worldwide in January 2018. Similarly, during the last two years, the market capitalization of the global stock markets was gradually increasing and has exceeded $98 trillion in January 2018. Thus, there has been a corresponding rise in both markets. Nonetheless, it is worth noting that the cryptocurrency market has shown an unprecedented growth without the contribution from large financial institutions.

Total cryptocurrency market capitalization in Jan. 2016 – Feb. 2018

When it comes to cryptocurrency market capitalization shares, Bitcoin remains the dominant digital currency. However, for the past few years it has been gradually giving up its leading position: from 90% of total market cap in January 2016 to 85% in January 2017, and to 34% in January 2018. Thus, other cryptos are steadily increasing their market cap share, and currently there are more than 1,400 cryptocurrencies with market value being traded throughout the world.

Market Volume

Global volume in cryptocurrency markets has shown a significant growth. Daily trading volumes spiked during 2017, and passed the $50 billion mark by the end of 2017. At the present time average daily volumes in the cryptocurrency market hover at about $20-34 billion. These numbers indicate just how popular cryptocurrency has become in 2017.

Total cryptocurrency market volume in Jan. 2016 – Feb. 2018

Token Sale Overview

There will be 2 rounds of TYDO Token Sale:

● Pre-Sale round will allow us to determine a level of interest in the product and provide an early opportunity to loyal contributors to join in prior to the Main Token Sale. It will have a maximum duration of 2 weeks. Pre-Sale will close early if hard-cap of 1,400 ETH is reached. All unsold TYD tokens will go into the Main Token Sale stage. A total of 21,000,000 TYD will be offered during the Pre-Sale (including 25% bonus).

● Main Token Sale will happen 2 weeks after the Pre-Sale. Main Token Sale will have a maximum duration of 4 weeks with hard cap of 10,000 ETH. If soft cap of 1,000 ETH is not reached all contributed ETH will be refunded. Token sale will close early if target amount is reached. A total of 119,000,000 TYD will be offered during the Main Token Sale.

Tokens will be distributed in a first-come-first-served basis. Unsold tokens in the Pre-Sale round will go into the Main Token Sale.

● Currency accepted: ETH

● Fixed exchange rate: 12,000 TYD per 1 ETH

● Token Sale will close early if target amount is reached