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 in one place.
Liquidity issues make it difficult for traders to enter and exit trades at their desired price. The uptick in the cryptocurrency market has slightly minimized these issues through then increased liquidity provided by additional capital injections. Quite simply, trading volume is one of the main components that determine liquidity. However, cryptocurrencies are still subject to large price fluctuations and when the trading volume hasn’t reached a certain threshold for the buy or sell orders, then traders or investors must wait until another trader or investor comes along. Due to the aforementioned cryptocurrency volatility, there is no room for delayed buy or sell order execution.
As market capitalization of cryptocurrencies rapidly expanded in late-2017, traders and investors have become wary of their security on these platforms, and rightfully so: since 2014, over 980,000 Bitcoins have been lost to various forms of digital thievery. One of the primary sources of the security problems is the fact that the hacked exchanges are centralized. It is far less time and computationally expensive to target a centralized exchange than it would be for P2P oriented decentralized exchanges. But, beyond the weak security methods implemented by the centralized exchanges, end-user error compounds the lack of robust security protocols (e.g., keeping their cryptocurrency in a hot wallet or falling prey to phishing scams). For this reason, many traders have decided to store their cryptocurrency holdings to external hardware wallets. Cold storage is another option to increase wallet and, ultimately, cryptocurrency security.
Many traders currently have to use a collection of external tools and resources to complement their cryptocurrency trading. Such tools may or may not be native to the platform of choice. Although there are fundamental trading principles and successful behavioral psychology that a majority of traders share, how people approach their technical analyses and buy or sell thresholds varies from trader to trader. Some of the key features that traders need to have in a singular and integrated platform include a wide selection of charting tools, detailed portfolio performance updates, and a variety of order types. With the issues and limitations of cryptocurrency exchanges in mind, there is clearly a need for a platform that provides a high-quality trading experience that incorporates all of the tools and resources that traders need into a single, easily accessible platform.
1. Deliver an integrated cryptocurrency trading platform to traders and investors.
2. Attract and retain a team of credible partners and team members with a proven record of success within the realm of cryptocurrency, thereby delivering an exceptional trading experience to XERA customers.
The XERA Token
With the XERA coin, traders will be able to exchange them for reduced fees. The exchange fee on the XERA platform is 0.1%. For example, if a trader is trading BTC/ETH, the exchange fee can be reduced by 50% using the XERA coin. Using a smart contract, this amount will be automatically calculated and reduced from the XERA tokens held in the trader’s wallet.
– Total token supply: 95,000,000 tokens.
– 70% of token supply in ICO for sale: 66,500,000 tokens.
– Soft cap: 5,320,000 tokens (20%).
– Hard cap: 66,500,000 tokens (100%).
– 30% Reserve: 28,500,000 tokens to be held in a reserve for future use for internal purpose.