idap.io ico review

in #cryptocurrency6 years ago (edited)

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idap.io gives users access to cryptocurrency-based Futures, Swaps, and Options. The platform will incorporate its own trading platform and marketplace which offers crypto-to-crypto trading as well as crypto-to-fiat trading, along with margin lending, crypto indices derivatives, and perpetual swaps. IDAP tokens are used to pay transaction fees on the platform.

IDAPs token offers many use case benefits that will give it immediate value. IDAP token is used to pay for fees via trading. When the platform is live and trading begins, tokens will be the source of payment for IDAP, creating volume from traders use. For those that get on the ICO, you are given a lifetime zero trading fee (with purchase of 20,000 tokens or more.)Tokens will also be used as payment for management and listing fees. Of the one billion tokens of its fixed supply, IDAP will burn 20% of all tokens received as fees (via trading) until it reaches a 500 million supply. So, with increased use, the IDAP total supply will eventually be cut in half, which will greatly increase its per coin value.

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DAP intends to provide several exchange mechanisms that will assist experienced traders with making profit in a bull or bear market. Whether its futures, options, perpetual swaps, or indices derivatives, many traders seek such functionality from a crypto exchange to ensure they have a high degree of precision and control over their investment decisions. The "Hodl" strategy will no longer be the best way to profit in the crypto community should their product make it to a user friendly and functional state, volatile markets could stir profit rather than emotions when using the features within their platform.

Tokens and coins that wish to list on their platform will have to pay fees using the IDAP token. This utility will stimulate the token price along with their plan to burn tokens, this helps ensure the token value grows in parallel with the exchange. Zero trading fees for ICO contributors makes this venture more appealing, but the question remains, will IDAP have the necessary liquidity and volume on it's exchange to make certain your trade orders get filled? Without a solid referral system, the user base will grow at a slower rate when compared to other leading exchanges. Investing in IDAP could have uncertain results without knowing their marketing plan and budget. There is a dedicated 22% of funds that will be used towards marketing, investors can only hope that this gets maximized to ensure users bring volume to a new exchange where it is required.

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The team is impressive and their being from a trading background adds a lot of weight to the seriousness with which they are approaching the creation of the exchange. This is reflected further in the incorporation of a Desktop Trading Application and Simulation Tool into their ecosystem; old-school traders will find it to their liking. Advisors are relevant experts in respective fields although a crypto influencer would be a good addition to this roster.

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Tokenomics

Token IDAP
PreICO Price 1 IDAP = 0.024 USD
Price 1 IDAP = 0.03 USD
MVP/Prototype Available
Platform Wanchain
Accepting BTC, ETH, WAN, LTC, BCH
Minimum investment 0.1 ETH
Soft cap 200,000,000 IDAP
Hard cap 650,000,000 IDAP
Country Estonia
Whitelist/KYC KYC & Whitelist
Restricted areas USA

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BCHBitcoin Cash483.019$12.46%6.74%
BTCBitcoin6694.056$4.08%3.0%
ETHEthereum227.898$8.14%7.29%
LTCLitecoin57.886$6.56%4.36%
WANWanchain0.990$6.18%11.09%