Topic: What is SETi ? (Read 112 times)

What is SETi ?

There are many Foreign exchange exist nowadays but most of them are still traditional ways that rely only on centralized server. Foreign exchange market itself (often reffered as Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex market is one of the most traded markets in the world with more than 4 million transactions per day. The amount of profits that are lost in commissions and lagging transactions is quite staggering for sure.

SETi is a platform based on blockchain that is built specifically to handles the Forex market transactions. As the Forex market is decentralized by nature so it is best if the trading system also based on decentralized blockchain system thus offer more scale-able, reliable, secure and audit-able system for all parties involved. SETi is a blockchain based platform for trading on the Forex market. SETi will offer cost effective, innovative solutions to traders, brokers, and liquidity providers. Via utilization of the blockchain technology, SETi will minimize the risks for traders and brokers via increasing the speed of transactions and providing them with more opportunities.