Financial trading experienced a new surge of growth in the recent years because of the advent of online trading. Brokers are out, peer-to-peer traders are in.
Level01 takes advantage of the popularity of blockchain technology and marry it with the lucrative business of financial trading, particularly of trading options contracts. The resulting platform is an ultra transparent peer-to-peer financial trading ecosystem embedded with an artificial intelligence (AI) analytics and smart contracts. This blockchain-based platform eliminates middle men and thus lessen the transaction costs and expedite the processes.
Explaining Options
Essentially, options contracts are financial instruments to be traded in an exchange. They are agreements between two investors – the buyer and the seller. The buyer has the right to buy (under call options) or sell (under put options) the underlying asset for a certain time period at an agreed strike price. Buyers only have the right to buy or sell, not obligated. Meanwhile, sellers are obligated to deliver the asset when the buyer chooses to execute his right.
Among the financial instruments, options are the most versatile since they are relatively cheaper than stocks and less riskier. It is for this reason that the options market was valued at an astounding 3.1 billion USD in just 9 months last year (i.e., January to September 2017). Recognizing the profitability and long-term growth of this trading type, Level01 develops features that will help solve the existing trading problems.
Identifying Trading Problems
Financial trading can be complicated, yet two of the common problems in trading options are the high broker charges and impartiality in terms of trading knowledge. In the traditional set up, investors can only trade through a broker. For a certain fee, brokers manage the trading accounts or transactions of their clients. While brokers are generally ideal trading partners, who offer wise advices and help clients mitigate risks, the problem arises when they demand unreasonably high charges or commit fraud. The broker-client agreements sometimes contain fine prints or hidden provisions that may put the clients at the losing end. Or, at other times, although unintentional brokers can delay the execution of sale or miss deadlines because of work overload. In worst scenarios, brokers use their insider information and trade against their own clients or spill information to the other parties.
Secondly, financial trading is an imbalanced playing field. The big and wealthy companies or individuals gain access to profound business analysis and advanced investment tools that they often make more intelligent trading decisions. The smaller investors, who also deserve access to business intelligence and fair treatment, are being disadvantaged. Even in a peer-to-peer setup, this knowledge advantage still haunts small market players.
To resolve the costliness, opaqueness, and impartiality in financial trading, Level01 makes use of the blockchain technology and artificial intelligence.
Trading with Level01
The blockchain technology or the distributed ledger technology already resolves the costliness and transparency problems because every transaction that occurs within the platform is encrypted and distributed across different computers. The database is not owned by a single trading entity and so data manipulation is almost impossible.
The use of smart contracts allow agreements, such as options contracts, to be executed even without brokers. Specific requirements have to be keyed in and once met, the system automatically binds the signing traders. This smart automation capability prevents transaction delays and allows on-time transfer of currencies to the e-wallets of the registered investors.
Furthermore, Level01 uses an AI called Fair Sense that tracks an investor’s trading patterns and selects options that closely match his preference. Level01 also provides trading analytics that is available to all.
Unlike the conventional trading platform, Level01 incentivizes the users based on their successful trades. In a way, this ranking scores enable other traders to gauge the capabilities of their fellow users, who may engage them in the future.
Lastly, true to its branding as a P2P network, Level01 has internal messaging system that increases user engagement.
Token Sale
Level01 uses the LVX token, which is considered both a utility and a value token. Meaning, it is used to avail of the platform functionalities like hosting tournaments or create trading rooms. At the same time, it is the medium of value exchange within the Level01 ecosystem.
For interested investors, below are the sale details to remember:
Ticker: LVX
Current price: 1 LVX = 0.140 USD
Total Supply: 1,200,000,000
Minimum Raise: 15,000,000 USD
Maximum Raise: 75,000,000 USD
For more information and details on the project, find them by visiting their official website or reading their whitepaper. Be updated as to the current events happening during the ICO by visiting their social media pages.
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4499211
Website: https://level01.io/
Whitepaper: https://level01.io/wp-content/uploads/2018/06/level01_whitepaper_final1-2.pdf
Telegram: https://t.me/level01ico
Facebook: https://www.facebook.com/level01platform
Twitter: https://twitter.com/level01io
Medium: https://medium.com/level01io
Author: Instaco
Author Link: https://bitcointalk.org/index.php?action=profile;u=2050406