1st Trade has its own trust insurance system where users can buy crypto assets

Explanation of the TRADE brand 1

1st TRADE consists of two common independent words - First and Trade, for memory and easy use. First Trade symbolizes the preferred trading platform. The 1st Trade team hopes that 1st Trade will be the user's first choice for exchanges offering blockchain-based trading services and in the near future.

Platform Introduction

Blockchain trading system with Independent intellectual property rights

1st TRADE is an independently-developed blockchain asset trading system with independent intellectual property rights. The development team is experienced in banking system development, applying the most advanced front-end and business architecture. According to the authoritative organization, the single-server matching rate system can up to 50,000 / TPS, and it can grow linearly with a reasonable scale out. The current system used by the platform has been operated for one and a half years, and its back-end operating system, risk control system, financial system and operating system have been working smoothly and stable during this period.

Embedded risk control and security system

In response to the security issues of exchanges that frequently occur, the 1st trade team jointly developed an independent risk control system with a well-known third party, and embedded it into the existing business module, enabling the platform to react quickly to abnormal transactions and wallets anomalies system. Besides, all the codes have been reviewed by a professional team, and the 1st Trade got a security report issued by a senior security company. The internal control system was strengthened by security optimization, back-end grading authority, and independent private CA certificate so as to reduce internal damage.

Blockchain derivative financial service architecture

1st Trade will offer derivative services such as institutional high-frequency quantification trading, Staking business nodes, VC, PE, hedge funds and blockchain insurance based on blockchain wallet systems and multi-signature architecture blockchain asset escrow.

1st Trade embedded blockchain asset white label system is reasonably configured. 1st Trade will also offer users institutional accounts according to the user grading system, so that the institutional account can be established independently of the trading system, and the exchange depth information can be shared in real time.

Community incentives is the core function of the token

The token platform will be designed with community incentives as the core function. That is to say, 1st Trade will encourage community members based on a reasonable contribution rate to inspire community members to invite new members and to improve online announcement functions; promote decentralized community building and overseas autonomy through node functions; effectively activate community members through token rewards and various activities. 1st Trade team will finish the multi-level reward and punishment mechanism such as onchain cross-token Staking service, onchain incentives mechanism and trading contribution incentives in the future.

1st TRADE (FRT) function

Reduction of commission for trading. Registered exchange users can use FRT tokens to pay trading fees.

Discount on trade. When trading on Trade Exchange 1, the FRT tokens will be discounted for traders.

Referral program. Invite friends, relatives, and acquaintances to register at the First Trade Exchange and you will be given a gift, so if your invitation passes verification, you will receive more gifts and them too.

Trust insurance. 1st Trade has its own trust insurance system where users can buy crypto assets and insure them, and this ensures high security of crypto assets.

Credit system. 1st Trade works on blockchain technology and uses a lending system. This system allows registered users to receive loans honestly and transparently.

Stable coins. 1st Trade will use a stable coin on its platform.

Stacking system. Stacking is a convenient and easy way to mine on the platform itself, where you can get even more to save coins.

FRT DPOS Ecosystem

DPOS (Delegated Proof of Stake) is a consensus algorithm based on voting. The holder selects the representative node to operate the network and uses the professionally run network server to ensure the security and performance of the block network. The 1st Trade Center network uses a Proof of Stake (POS) mechanism, and the weight of the validation node depends on the total amount of the staking token (FRT) that is bound. The FRT can be held directly by the validation node or it can delegate the tokens of other FRT holders.

Any user in the system can become a validation candidate node by sending a transaction that verifies the node election. In the node ecosystem, it is not necessary to solve the mathematics problem. The token holders vote in or out, which solves the performance problem of the POS. The validator participates in the election, and the validation node is equal to the total amount of the bound token and the delegated token, and the 13 validation nodes with the highest total amount will become the delegation node. FRT will also generate dynamic monitoring on the chain to dynamically adjust the circulation of existing coins and the amount of new tokens unlocked by the block so as to realize the dynamic rights of the delegated nodes.

Team Advantages

Rich global blockchain operation experience: the founder of Jearon is experienced in global brand and community operations in the blockchain industry. The foreign team members have rich experience in overseas communities and media operations.

Solid technical strength: the platform has independent intellectual property rights, and its core matching engine can process 10,000 orders / second with a single server, which can be scaled out. The technical team has experience of platform architecture and coding and has their own trading robot system.

Mature trading system: The restructuring system has been running stably for more than 6 months, and the core functions such as code review and embedded risk control systems have been gradually improved.

1st TRADE Token (FRT)

FRT - short for First Trade Token. This token is the ERC20 standard and is the domestic currency of the First Currency Exchange. FRT supports project work and exchanges trading with many crypto assets. Therefore, FRT is an important part of the entire TRADE ecosystem. FRT can be used in various exchanges and other wallets, for example, myetherwallet, metamask and so on.

INFORMATION TOKEN

TOTAL SUPPLY: 500,000,000 FRT
ROCKET UP HARD CAP ： 6,300,000 USD
ROCKET UP AMOUNT ： 105,000,000 FRT
SUBSCRIBE PRICE ： 1 FRT = 0.06USD
AMOUNT FOR THE 1ST ROUND ： 30,000,000 FRT

PRIVATE SALE PRICE

LEVEL 1 ： 1 FRT = 0.054 USD
LEVEL 2: 1 FRT = 0.042 USD
LEVEL 3 ： 1 FRT = 0.03 USD

SUBSCRIPTION LOCK PERIOD ： NONE

DISTRIBUTION TIME ： NOVEMBER 26,2019 AT 13:59:59 (HKT)

EXCHANGEABLE TOKEN: USDT ONLY

TYPE TOKEN: ERC 20

Distribution Token:

20% - Project support, various operations and team incentives.
10% - Marketing, PR, gift companies.
15% - Legal side.
21% - IEO sales.
34% - DPoS mining.

Roadmap

2019 Q4

Staking function with Static Reward

Deduction Trading Fee

FRT Token Release

2020 Q1

On Chain Staking function will be available, the POS on chain governance will start

2020 Q2

First Trade Fund Establish

POC consensus will be available on the First Trade

Fund website to let community members can get

POC reward through their contributions.

POC Incentive Consensus Publish

2020 Q4

Self-governance of Inflation and deflation on the chain

Finish POC + Consensus POS

Trader can loan stable through cross chain

2021 Q2

Issue system on FRT.

On-Chain Stable Coin Issurance system

2022 Q3

Online loan loans are avaliable

On-Chain Leverage Loan System

As the payment gateway of implementation in

2023 Q2

crypto and fiat exchange

Fiat & Crypto Trustable Payment Gateway

2023 Q4

Provide universal API on FRT chain to let 3rd

Audit and Clearing service party providers can provide certified data to all community members

On-chain Clearing & Audit

Conclusion

Behind this platform is an experienced, strong and hard-working development team, who has years of experience in the blockchain industry, the banking system and so on, and therefore they use various innovative technologies in development. Using this technology, the frequency of matching with one server system, imagine can reach 50,000 / TPS, while it can grow with maximum increase. The platform has been using such a system for 1.5 years and during this time period there were no problems in the internal operating system, risk management system, finance, and so on.

For more information about 1st TRADE, please click the link below:

Website: https://www.1strade.io

WhitePaper: https://www.1strade.io/doc/FRT-en.pdf

Twitter: https://twitter.com/1stTrade1

Facebook: https://www.facebook.com/1strade

Linkedin: https://www.linkedin.com/company/1strade

Telegram: https://t.me/FirstTradeOfficial

Reddit: https://www.reddit.com/user/1strade/

Medium: https://medium.com/@1stTrade

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5201001

Author: Menthil85

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2215446