Market 2019 is bullish, the second-contract trading pioneered by ATMEX exchange leading the way
ACCESS Newswire
NEW YORK, NY / ACCESSWIRE / January 22, 2019 / In the second half of 2018, practitioners of blockchain industry stopped their brutal expansion, and most air projects went to zero, which is also called "cold winter" by insiders. However, when traditional investment banks failed to support the blockchain, and ordinary investors can not understand due to the information asymmetry and fearing blockchain blindly, which has filtered out the projects with poor quality in blockchain industry as a new growth period ushered in.
Perhaps such signal is not very obvious in China, but taking a broad view internationally, from opening Bitcoin payment by Japanese shops, access of Bitcoin to futures allowed by America SEC, to access of blockchain projects test to market in the sandbox of UK regulator, new growth of blockchain in the macro environment has acquired policy support and supervision assistance of different levels from governments.
Face up to the Most Difficult Projects
In contrast to China, the regulation is relatively strict to ensure the stability of the market and to protect the interests of traditional investors. Under such environment, the operating blockchain projects, especially those involving Token, require more sophisticated technologies and strong initial capitals, and only can only survive in a completely legal and compliant environment. In this special period, projects that only aim to make money have lost the nourishment hotbed. In current market environment, those who still choose to engage in the blockchain industry can be describe to be a group of people possessing the real faith to blockchain. It includes the digital asset trading platform, ATMEX.
As a project of an old-line company providing financial services, ATMEX digital asset trading platform is operated by WINCENT international, a UK-registered provider of digital asset financial services. The company owns a 2006 UK Companies Act license and license of many kinds of commodity trading centre of Dubai.
From the unregulated, chaotic market 2016 to 2017, WINCENT didn't fish in the trouble water but opted for understanding profoundly and learning deeply instead. The most important thing for practitioners is to love their feathers in a chaotic market without legal constraints. Before the official establishment of ATMEX digital asset trading platform, the team members collected market data extensively for more than a year and analyzed the ecological distribution of the industry. Supported by these data, they finally chose the most difficult but the most valuable project -- digital asset trading platform.
According to research data of his team, statistics of Cointelegraph show that the daily transaction volume in the digital currency market peaked at $55.659 billion in 2017 (December 20, 2017), an increase of 95.68 times compared with the peak in 2016 (August 3, 2016). The 55.659 billion US dollars in daily trading volume is equivalent to the average daily trading volume of the New York stock exchange in 2017.
Tom Lee,a Wall Street analyst and co-founder of the securities research firm - Fundstrat, predicted that Bitcoin will reach 91,000 US dollars by March 2020 based on historical data and the price performance of digital asset bellwether Bitcoin after the market falling.
Additionally, according to an international famous digital asset data statistics website coinmarketcap, there are more than 1,500 kinds of digital currencies in the market with the overall market value exceeding 300 billion US dollars, and the proportion of non-Bitcoin digital assets exceeding 55%. What's more, in 2017 solely, more than 500 ICO projects were completed and the amount of financing exceeded 5 billion US dollars. There are hundreds of ICO large and small projects around the world every month.
Pioneered the New Trading Mode of Second-Contract Trading
How to maximize the benefits of usersholding coins is the primary factor shall be considered in establishing a digital asset trading platform. After many modeling tests, ATMEX has confirmed the innovative trading mode of second-contract trading.
Firstly, ATMEX digital asset trading platform and WTOEX trading platform reached a strategic partnership, which means that the C2C services of ATMEX digital currency will be undertaken by WTOEX trading platform (WTOEX is an internationally renowned professional C2C trading platform, and its main business scope covers: providing fast, convenient fiat(any fiat) to digital assets investors of thewhole world and exchanging services among digital currencies). The contract and second-contract trading transaction of ATMEX will be valued in WTO which is a stable and accessible digital currency issued by WTOEX platform. In the future, it will be launched on many digital asset trading platforms, and will open coin currency trading pairs. Meanwhile, it will be the valuation unit for contracts and second-contract trading of many digital asset trading platforms.
The so-called second-contract refers to the rise/fall of the price of a certain digital currency at a future time (30 seconds, 60 seconds, 180 seconds later) compared with the opening time. The quantity second-contract opening is available in 10WTO, 20WTO, 30WTO, 50WTO, 100WTO, 200WTO, 500WTO and 1000WTO. Transaction currency includes but not limited to BTC, ETH, LTC, EOS and ETC. The opening times of a second-contract are 30 seconds, 60 seconds and 180 seconds respectively. According to the opening time of a second-contract, the profit rate of a 30-second contract is 80%, that of a 60-second contract is 77%, and that of a 180-second contract is 75%. In other words, the shorter the time, the higher the profit rate.
At the time of settlement, the price of digital currency at the end of opening time will be compared with the price at the initiation of opening time. If the rise/fall prediction is correct, the corresponding income will be obtained. The income equation is:
Income = opening WTO quantity X profit rate, otherwise deduct corresponding opening WTO.
The opening fee charged by the platform is 2% of the opening amount, which is deducted from the account balance.
For instance, user A chooses BTC as the transaction currency in a transaction, at which timethe account balance of A on ATMEX platform is 50WTO. When carries on the transactions, A selects to open 20WTO for 30 seconds and going long. During this period, the platform will freeze the cash deposit of 20WTO, and deduct the commission 20WTO X 2%=0.4WTO. At the same time, when the opening time ends, 30 seconds later, if BTC price increases, thus, A will gain the profit of 20WTO x 80% (this is the yield in 30 seconds) = 16 WTO. At that time, the account balance is 50 WTO coin- 0.4 WTO + 16 WTO= 65.6 WTO. But if unfortunately, BTC prices falls after 30 seconds, then the 20WTO invested by A at the initiation of the opening times will not be returned, the account balance for this period is 50 WTO- 0.4WTO - 20 WTO= 29.6 WTO.
The biggest advantages of this transaction mode are that the investment terms are short and are followed by the extremely high return. The lowest yields is at 75%, which is very valuable for investment to users who have not yet held digital currency. The users could save time in constantly checking the market because it enjoys the short investment term as well as the shortest transaction takes 30 seconds. And the users also can fully effectively understand the digital currency market trend after several times of transactions so that they can warm up and learn to invest by directly holding digital currency personally.
New Opportunities in New Market
For many individual investors who are tempted in blockchain industry, but are afraid to risk the investment, the new policy support planned by the government in 2018 will also be released and implemented in 2019, the "small trend" of blockchain will become a big trend, some people say that the best time to plant a tree was 10 years ago and then is now. Blockchain industry gradually becomes stable, the sound signal is more and more apparent, and the practitioners deepening to engage in the financial services of the industry are walking in the forefront of the industry and the Token economy will lead the direction of the economy in the future. And the individual investors, should understand and invest into the new trend of the industry more actively as well as grasp its dynamic, rather than feelat a loss on the fence conservatively and make their assets shrink dramatically with the iteration of industry.
