What is Xera?
XERA challenges traders facing with cryptocurrency exchange platforms while providing an integrated solution for traders and investors who are interested in the cryptocurrency market. XERA will provide the professional tools and resources that traders require for precise trade execution. XERA is currently establishing partnerships with professionals from various industries to assist in the development of a robust trading platform.
Liquidity Improving liquidity on crypto trading platforms is one way to encourage mainstream adoption. To make it one of the priority solutions, we will dedicate 10% share from profit generated from trading fee and put that in a reserve liquidity pool. This will ensure that liquidity remains healthy all the time.
Highly Secure Xera experienced security team is backed by a rigorous set of audits and the latest innovations in cybersecurity. Not only are we committed to handling your crypto and fiat, but also ensure that personally identifiable information (PII) should be completely secure from theft and unapproved accessibility
Lightning Fast Our exchange is going to be on one of the fastest engines with super low latency. Have a look at our POC system in the “ALPHA TESTING” section. We were able to sustain a 2.5 Mtps throughput and super low latency and will keep on working to enhance it and create an HFT (High-performance trading) system with increased scalability
Auto-trading Xera exchange allows traders to implement their trading strategies via direct coding methods which will automatically execute their trades based on user implemented logic. Users will have access to all market data and technical indicators via the scripting language, so traders can quickly implement and auto-execute their favorite trading strategies
Existing problems And Solution in XERA ecosystem
○ Limited order types
XERA's multiple order types will provide a high level of flexibility for traders
○ Lack of auto-trading tools, unlike traditional platforms
XERA will have highly customized toolset, which can be configured for various indicators and auto-execute pre-configured orders
○ Liquidity issues
XERA will have a liquidity reserve pool that mitigates liquidity issues. We will dedicate 10% of profit generated from trading fees to keep this pool healthy
○ Poor customer service
We provide 24x7 support with dedicated agents who have verified expertise in their respective fields
○ Lengthy validation process for KYC approval
We have partnered with Authenteq for a 90 seconds KYC process
○ Lack of regulated crypto-fiat exchange
We are currently in the process of obtaining the required crypto trading licenses
○ Poor or no audit process
We will be engaging a third party audit agency to perform regular audits and publish relevant and accurate results
○ Slow engine and high latency
We already have POC engine developed with a recent test resulting in 2.5Mtps. High throughput and super-low latency means orders can be executed faster
○ Security issues followed by hacks and theft
We have a team of security professionals and a dedicated budget for the most current security tools and procedures within the industry
Backend Engine and Latency test
Trade execution speed plays a vital role in determining whether your trades are likely to yield good results or not. Today, execution speed and accuracy remain critical to maintaining a true edge in trading. In the crypto world, we are still far away from a trading engine with a speed of traditional trading platforms. Xera was able to achieve 2.5 MTPS (Million transactions per second) in our test lab on our POC systems. The video shows our backend engine performance test. Our team is going to constantly enhance the performance as we progress.
Latency means a delay or lapse of time between a request and a response. Higher latency means a larger delay for a trader to interact with the market and that results in price fluctuation and thus orders not getting fulfilled as expected. For active traders, latency needs to be managed to increase odds of success. Our systems are built to provide very low latency and that too in different geographical locations. The video shows our engines latency test.
The Xera token is developed on the ERC20 standard and is going to follow the Ethereum platform. Xera token can be used by traders to reduce their trading fees, and through our token buyback monetary policy, continue to generate additional value for their cryptocurrency portfolio. The token will be the native currency for XERA and will be priced at $0.50 per token. XERA token sale will start on October 1, 2018 and conclude on November 27, 2018. Funds raised from selling 70% of the token supply during the ICO will be used to establish the decentralized XERA exchange that will be launched in Quarter 2, 2020.
Token Protocol : Ethereum, ERC20
Token Sale Start : 1 October 2018
Token Sale End : 27 November 2018
Max circulating supply : 95,000,000
Tokens for sale : 65,500,000
Token Price : 0.50 USD
Payment methods : ETH
Softcap : 5,320,000 USD
Hardcap : 29,260,000 USD
The XERA team is comprised of traders who have gained decades of experience in the banking and information technology sectors. As such, we have identified the functions that should be non-negotiable in a quality cryptocurrency exchange. Many traders currently have to use third-party and other paid tools to fulfill their full spectrum of cryptocurrency trading requirements via exchanges. XERA will be a fully integrated cryptocurrency trading exchange that resolves the key issues and challenges that traders are facing with current exchanges. To fund the development of XERA, an ICO will be launched to sell the XERA token and provide traders with access to a platform that incorporates all of the components that investors need at one place.
More details about the project:
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2002666
XERA : Dynamizing Cryptocurrency Trading - Designed and developed by traders, for traders