Level01: Changing the game of Derivatives Exchange and Trading using the Blockchain Technology

hypervira (46)in #ico • 6 years ago

The world is slowly understanding and getting involved with the trading industry. Upon seeing the vast opportunity in the said industry, it has even penetrated in the digital realm.

But because of the fact that to get involved with the trading or Forex industry, not only does it require expertise and knowledge but some huge cash as well to play the game of trade real hard, this makes it totally inaccessible by the vast majority. This leaves a great number of the global population being indifferent about it or finding it hard to start getting into it.

Others, because of lack of knowledge and experience, would entrust their trading activities to some brokers and middlemen but of really high cost. So with the vision to make the trading industry accessible to many and to cut down costs, the team behind Level01 has developed a solution to all traders and aspiring traders.

The Level01 platform, according to its team, allows “to provide the most fair, efficient, and even-level playing field for retail & commercial investors to execute their trades.” To be able to present the trading industry to the majority is also one of the team’s goals.

Level01 is a derivatives trading platform that allows users to trade forex, stocks, commodities and cryptocurrencies all in one. With the use of its Peer-to-Peer (P2P) advantage, the need for some brokers or middlemen will be eliminated and all trading transactions will be directly done and transacted with only the two parties involve thus cutting off costs.

Being backed with use of Smart Contracts, every trading transaction will remain secured and transparent. Also, to give users the best trading experience, the platform is also powered by AI Analytics that will help traders play the game of trade efficiently and incur as little loss as possible.

The Level01 Platform

Level01’s platform is built with Blockchain Technology. Through the use of it and Smart Contracts, all transactions will remain intact and free from outsider’s tampering attempt. All transactions will also remain transparent between the affected parties to ensure fairness on all transactions.

Another great feature of the Level01 platform is its ability to allow traders to do Options Trading via a P2P platform. This is where smart contracts are used to allow transparency of trade data, history, intent of trade contract, matching and profit settlement to be securely and transparently done.

To help traders come up with great trading decisions, Level01’s FairSense allows smart analysis of trade intent among traders, users and matchmakers’ activity in the platform. This way, the current trader will have a wider idea of the current state of his trading activity and decide accordingly to maximize profit.

The P2P advantage eliminates the need for brokers or middlemen for doing options trading, thus cutting off additional fees.

Level01’s Options Trading platform will probably be the most sought after feature within the platform. Aside from having Options Trading as one of the most preferred and high-valued trading options, allowing it to be done with P2P advantage makes the Level01 platform a real game changer. The image below shows Level01’s Options Trading architecture.

Basically, a trading allowance (A) for a certain asset will be first stamped into the blockchain. Users will then start to send their bids via options contracts which are called as Trading Intent (TI). The accumulated TI in the platform is being stamped upon creation and will rightfully correspond to the options contract initiator. The platform will then make a curated list of options contracts.

Users have the ability to transparently see this curated list of options contracts that they need to match with its individual Matching Price (MP). Users have the freedom to adjust is according to the market. Once a user decided to become a counterparty and accept a current MP, the trading activity will be sealed and done and a Trade Match (TM) will be sent to the Level01 server via smart contract to facilitate the contract expiry and profit settlement.

The Level01 Features

Aside from the aforementioned benefits and features of the Level01 platform, found on the image below are other key features that the platform would like to highlight.

How Trading Works in the Level01 Platform

Aside from the P2P-based Options Trading option within the Level01 platform, Level01 also allows trading of other entities such as cryptocurrencies and forex. The image below shows how the trading activity inside the Level01 platform works.