Hello crypto experts, traders, and others!
What do you think about the starting of a new P2P exchange that has:
- the pros of favorite exchanges (Bitfinex, Kraken, CEX, etc.) like the ability to trade on the order books, seeing market depth, getting price alerts, etc. and,
- the pros of P2P exchanges like low fees, when you just pay for the fiat money transfer to a counterparty (a person like you).
THIS is NOT another Local Bitcoins or similar P2P exchange, where people place and match with peers advertisements.
In our Exchange, people can trade any crypto to crypto or crypto to any fiat by using Auctions. Each auction (or instrument) is a unique combination of:
- Country,
- Base cryptocurrency,
- Quote currency, and
- Payment method.
For example, {USA - BTC/USD - PayPal}
Such concept (incapsulating county, base/quote currency, and payment method into one instrument) allowed us to inbuild Charting tool, order book into each auction, and to apply other analysis tools like A-B Spread.
For example, through A-B Spread analysis "big" traders, who have money in different countries and on different accounts (paypal, banks, etc.) can instantly discover where to buy and re-sell with the highest profit margin.
Here are some screens of our MVP:
Order placement: http://ipic.su/img/img7/fs/Placeorder(P2P).1516567062.png
List of last quotes: http://ipic.su/img/img7/fs/LastQuotes(P2P).1516567665.png
A-B Spread analysis: http://ipic.su/img/img7/fs/Spreads(P2P).1516567393.png
Our MVP is ready on 90%, and now, we are looking for team members and investors in different countries to help us prepare for ICO.
Monetization will be based on the low subscription fees applied only to high-volume traders (Qvolta is planning to use the same fee strategy). Qvolta called itself - a competitor of LocalBitcoins, so we are too-).
By the way, Qvolta's ICO (performed at the end of 2017), reached 1,400,000 USD. The price of Qvolta token had risen from 0,2 USD during ICO to 3,4 USD after ICO (now it's about 1,05 USD). The Qvolta's team have just released their MVP, and this is again "Ads" posting platform. So, we believe there will be a strong demand on our P2P exchange ICO, especially, if the starting price will be around 0.2 USD and total token distribution = 10mln (the same as Qvolta has).
I would be highly appreciated for any feedback from you:
- Do you need such P2P Exchange?
- Do you want to participate (as a team member or advisor)?
- Do you want to invest before pre-ICO?
- Would you invest in pre-ICO (if happen)?
Thanks!
