XERA - HIGH PERFORMANCE/LOW LATENCY TRADING PLATFORM

in #cryptocurrency6 years ago

The revolution of cryptocurrency is amazingly spreading like wide fire and has been gaining a remarkable level of acceptance.

INTRODUCTION:

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency (of which virtual currency is a subset). Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.

While this revolution is gaining wide acceptance, The XERA exchange, which is going to transform the way cryptocurrencies are traded, offering traders and investors a seamlessly integrated solution for their cryptocurrency investing has arrived.

XERA will be a fully integrated cryptocurrency trading exchange that resolves the key issues and challenges that traders are facing with current exchanges.

PRESENTING XERA

The XERA exchange is going to transform the way cryptocurrencies are traded, offering traders and investors a seamlessly integrated solution for their cryptocurrency investing.

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

The Problems and The Solutions Offered

  1. Limited order types: XERA's multiple order types will provide a high level of flexibility for traders.

  2. 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.

  3. 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.

  4. Poor customer service: We provide 24x7 support with dedicated agents who have verified expertise in their respective fields.

  5. Lengthy validation process for KYC approval: We have partnered with Authenteq for a 90 seconds KYC process.

  6. Lack of regulated crypto-fiat exchange: We are currently in the process of obtaining the required crypto trading licenses.

  7. Poor or no audit process: We will be engaging a third party audit agency to perform regular audits and publish relevant and accurate results.

  8. 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.

  9. 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.

XERA Exchange

The XERA exchange will commence as a cryptocurrency-only exchange. This means that cryptocurrencies may only be purchased using other cryptocurrencies on the platform. We understand the benefits of incorporating fiat onto our exchange since Fiat currency continues to be superior in liquidity when compared to cryptocurrency and adding this to the exchange will increase the number of participants. More

participants equals to a higher volume on the exchange thus boosting liquidity. As the exchange grows and develops, fiat currency will be accepted. One of the primary unique value propositions of the XERA exchange centers on the suite of capabilities available to traders on our platform. For our inaugural launch, XERA will support trading in the following coins:

BTC (All coins can be traded with BTC)

ETH (will be disclosed later, what coins can be traded with ETH)

XERA coin (All coins can be traded with XERA)

However, we will add other cryptocurrencies based on a careful assessment of their demand, as the trader onboarding progresses.

About Backend Engine and Latency test

Backend Engine

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 test

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.

WHY XERA STANDS OUT?

XERA will revolutionize the way cryptocurrencies are traded. The exchange offers a seamlessly integrated solution for the cryptocurrency investing to traders and investors.

There are still major functional gaps in exchanges, although many are available in different locations. The most existing problems with existing exchanges are often security issues, lack of liquidity, latency issues, and a few automated features not provided to traders.

The XERA team was founded by distributors with decades of banking and information technology experience. So xera has simply analyzed which features should not be missing in a high-quality crypto exchange. Many traders currently need to use third-party and other paid tools to help them trade smoothly on crypto exchanges.

XERA will provide all of these tools for crypto trading on the stock exchange to solve and improve key issues and challenges traders face. To finance the development, xera launches an ICO on the first of september 2018 for the sale of XERA tokens.

XERA Components

Features available on Xera Platform

Increasing liquidity by reserved pool

High security by latest innovations in cyber-security

Lightning fast, xera will run by one of the fastest engines with super low latency ( 2.5 Mtps )

Allows traders auto trading by implementation of strategies via direct coding methods

Notification mechanism by instant SMS and/or email for tasks, orders, and pre-defined indicators.

Multiple orders - Limit, Market, Stop, Stop-Limit, Trailing Stop, Fill or Kill, and Scaled.

Integrated on-site Tutorials

Dual Dashboard with simple UI design & intuitive and easy interface

Fiat integration, fiat as a payment method

Token Sale and ICO Details

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 Details

Token Symbol: XERA

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 : 11,172,000 USD

Hardcap : 29,260,000 USD

Country: UK

Whitelist/KYC: KYC

Restricted areas: USA, China

INCOME MODEL

XERA's revenue model will be based on various trading costs. This fee is as follows:

Exchange fee. XERA exchange fee is 0.1%. If trading in a pair of XERA, the cost will be 0.05%

Commission for withdrawal of funds. Variables for different coins. Will be mentioned later.

Registration fee. Will be revealed later.

ICO

XERA token sales will begin on October 1, 2018 and will expire on November 27, 2018. Sales of tokens will take place in three stages:

Token Distribution

5% Reserve

10% Advisors

15% Team

70% ICO Crowdsale

Intended Use of Proceeds

10% Offices

15% Marketing and Sales

20% Legal, Compliance & Regulatory

20% Security

30% Product Development

RoadMap

2017 Q3 Concept

Origin of platform idea by the founders

Development of trading exchange concept and business plan

Project specification and roadmap design

2017 Q4 Research

Core team establishment

Further research on trading exchange model

Company Establishment

2018 Q1 Design

Development and creation of POC Trading Engine

Phase 1 Exchange design

PR and team expansion

2018 Q2 Preparation

Phase 1 design of Mobile Trading Apps

Preparing the Exchange Security model

2018 Q3 ICO Sale

ICO Preperation

Token creation

2018 Q4 ICO Sale and Expansion

Phase 1, 2 and 3 initial coin offering

Accepting applications for Exchange listing

Establishing regulatory adherence for Fiat acceptance in various countries

2019 Q1 Launch

Exchange launch

Listing approved projects

2019 Q2 Enhancements

Android and IOS App release

Integration of auto-trading tools

2019 Q4 Decentralized Development

Research and Development for Decentralized Platform

2020 Q2 Launch of Decentralized Exchange

Launch of fully functional Decentralized exchange

The Team Behind this revolution

ADVISORS

Please visit the link below for more information, :

Website: https://xera.tech/

Whitepaper: https://www.xera.tech/wp-content/uploads/2018/08/Xera_Whitepaper_v1.0-1.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4812706.msg43416450#msg43416450

Telegram: https://t.me/xeraexchange

Facebook: https://www.facebook.com/xerablockchain/

Twitter: https://twitter.com/xeratech

LinkedIn: https://www.linkedin.com/company/xera-blockchain/

Instagram :https://www.instagram.com/xeraexchange/

Medium :https://medium.com/@team_90186

YouTube :https://www.youtube.com/channel/UCEs6IAjw2-Z7dynqbziA35w

Author: Tosin David

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1180815

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