Digital Ticks ICO Review

in #crypto6 years ago

digital ticks ico.jpg

The Digital Ticks ICO has been selling out quickly with the token sale now close to hitting the hardcap according to their website

The new project is perhaps best described as offering a commodity trading platform that has been created by traders for traders. At first, this does sound as if it would be a good idea as you would expect them to know the kind of things that they are searching for when trading. By using their experience, it makes sense to expect that this could be a platform that is able to promise, and then deliver, on a number of key points, but is that the case?

What is Digital Ticks?


digitalticks.com
As was just mentioned, this is a project that has been created by traders and they state that they are looking at trying to resolve a number of problems that they believe they have identified within various crypto-exchanges. They believe that there are issues with the security side of things as well as latency issues due to new legislation, a sudden upturn in how popular the exchange is, along with a number of other rather important reasons.

They are also quick to note that a number of exchanges have rather poor customer service. They note that this has a tendency to make people anxious about trading on the exchange, so the entire platform suffers and clearly they plan on doing something to correct this as well.

The Technical Aspect of Digital Ticks

Built on the Ethereum blockchain, and making use of their smart contracts as well, the new project has the aim of making something that is ultra user friendly. They note that they will be using rather robust technology to make sure that everything runs as smoothly as possible as well as never putting your security at risk.

In order to help with the security aspect, they have sought to include a multi-signature wallet as well as making sure that they are protected from DDoS attacks. There will also be a 2-step Google authentication process included and that does not even mention the way in which there are different security features thanks to it being built on Ethereum.

The actual trading part is straightforward and relatively basic. Both buyer and seller come together and make the trade with it being set via a smart contract and placed on the blockchain. There is also absolute transparency with the trade, which is yet another security feature that should not be overlooked.

The Advantages of Using Digital Ticks

There are indeed different advantages associated with using the new platform, and it’s not just the fact that it has been created by traders themselves. Instead, a number of features do make it easier to use this exchange including being able to place multiple orders or viewing your entire portfolio in the one screen.

They are also making full use of hotkeys which helps to speed up the trading process, and when you consider the way in which the markets can fluctuate quite violently, then this can be a huge bonus. Furthermore, they are including a series of discounts for those traders that are classed as being high-value traders, which is rather cool as the money that can be saved in that process alone.

Their whole approach has been to simplify everything as they know the issues and complexities that can often befall this kind of trading, so they clearly wanted to avoid that. It does appear as if they have managed to achieve this, so you can perhaps see why it may be of interest to a number of traders to at least give this a shot.

The Financial Aspect and the ICO

The DTX token has been created to act as the fuel for the entire platform. It is also ERC20 compliant allowing you to use a variety of wallets and not just restricted to the one that has been created by Digital Ticks.

In order to purchase the tokens during the ICO, you are allowed to use both BTC as well as ETH. They will produce a total of 128 million tokens with half of them being made available for the token sale. They have also set both a soft and hard cap for the ICO with the soft cap being set at $5.7 million and the hard cap is at $30 million. Tokens not sold during the ICO part will then be destroyed to give the final total. The price has also been set in the region of 1 DTX for $0.70 providing an indication of how they perceive the potential value of the project.
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Overall Conclusion About Digital Ticks and the ICO

Thanks to Digital Ticks being created by traders, it does provide some hope that this is going to prove to be the crypto-exchange that you have been waiting for. Of course, it will not work out to be perfect for everyone but there is some belief that things may indeed be slightly different to how they have been run before.

This is certainly an exchange that is worth checking out and dabbling in trading on the platform. They aim to reduce their fees to a level where it makes perfect sense to use their platform, and discounts for those large traders is also going to prove to be a good idea.

But then, should you invest in the project at this moment in time? Well, the market is certainly big enough for there to be a number of different crypto-exchanges, so there is room for another one to come onto the market. The big question is how they are going to then be able to get enough people to move over to the exchange, but then they are looking at using a substantial amount of the money that is brought into the project on marketing, so it shouldn’t be much of a problem.

Overall, the project does have potential and for that reason alone it does mean that you should give some serious consideration to investing in the project. If they can convince enough traders to make the move, and also manage to resolve the issues that they say plagues the industry, then it could turn out to be a good move on your part.

Check out further details on their website here

Telegram: https://t.me/digitalticksexchange
Facebook: https://www.facebook.com/DigitalTicksExchange
Twitter: https://twitter.com/digitalticks
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