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Everything You Need for Trading Virtual or Real Assets
Here we show Graphics on crypto trading via sidechains (any chains with ERC20 type Tokens or smart contracts) . Our platform can include coins from other smart contract enabled blockchain platforms, even those with differing consensus methods or blockchain layouts and parameters. Only the coin token is transferred “virtually” to its clone, however to redeem a coin would generally involve returning it to the original blockchain until exchanges were happy to accept cloned coins that they would need to redeem themselves, presumably at a discount as they could then pool coins for a volume redemption.
You could then trade via the DEX the Neo for Ether or $US or Yen or whatever tokens have been transferred across.
If fig XY above the Træde mainnet takes crypto token Neo and Ether as N’ and E’ to enable trading of these and the Ethereum and Neo Mainnets accept clones of $’ ¥’ and €’ which they can now transfer or use in transactions on their network. To redeem the $’ ¥’ and €’ either transfer back to Træde mainnet or settle via a 3rd party like an exchange that accepts $’ ¥’ and €’. Since they can have accounts on the Træde blockchain we feel many exchanges will boost their liquidity by accepting Træde asset tokens as they are redeemable at all times for verified real assets.
A short list of tradable ERC tokens is Neo, Augur, Bancor Network, Civic, Gnosis and Golem. These are perhaps in the top 10 of hundreds of tokens.
To redeem a Træde asset token a user’s TWallet starts a OVA redemption process dependent on each asset type. For national currency it may be as simple as nominating a registered bank account that can accept the currency or for physical gold a registered mailing address (for ounce or less quantities) or secure transfer or delivery via verified 3rd party Logistics operators.
This results in a non-custodial decentralized exchange system where the TWallet may exchange tokens with other TWallet users without trust on a single entity. By pegging Ethereum into a smart contract suite it is possible to clone Ether onto the Træde chain to allow for TWallet token pairs to occur over Ether, creating a liquid market and if crypto trading pairs crosses with ETH, the trading spreads would be much smaller as well as stable. If trading pairs are real assets or national currency then the stability of the system increases to that of a “cash” system and with very low volatility.
TWallet digital asset tokens like GLD (Gold) can be used as a trade crossing with say digital USD (US dollars) however, there would be an incentive to use decentralized tokens for settlement of say GLD due to liquidity or trust advantages related to programmed contracts and anonymity in ETH. By allowing for physical assets to be the backing for TWallet asset tokens, the users can be assured of a known value between TWallet trade activities. Not every payment between two distinct TWallets must be performed using a trade on the decentralized exchange. The users can send tokens to other users of the system at will, perhaps as payment for goods and services or as gifts. Wallets can also hold some reserve balance of tokens for use by micropayments via State channels to or via other Wallets, ready to be used for smaller transfers in frequent small direct transactions. State Channel systems such as Lightning or Raiden Networks allow for payments to occur off the sidechain when TWallets hold balances to facilitate rapid payments. An implementation to allow for such payments across ETH, GLD, or other tokens which can be easily pegged to the Træde chain for TWallet balances can be provided on the Træde sidechain.
Trading pools allowing remittance (funds transfer) - Foreign Exchange is possible.
Consider Alice in Europe and Bob in North America, Alice wants to send money to a friend’s bank account in North America but has Euro. Bob in North America wants to send dollars converted to Euro for a holiday he is planning. There may well be thousands of people similar to Alice and Bob wanting to move money for various reasons. They along with Alice and Bob use the Træde platform to put money into their Træde account. It effectively goes into a regional “Pool” of funds. When on the system Alice and Bob “trade” say $1200 for €1000
The money stays in the pools but Alice’s funds in Europe go to Bobs European account and Bobs in North America goes to Alice’s friends nominated bank account there.
These transfers are “local” for banks and therefore inexpensive for users.
Processing of contactless payments of currency or asset tokens using mobile apps and merchant facilities. An app can use the TWallet API to allow a point of sale program on a tablet to receive funds. This can operate from a Mobile phone in QR code mode or “paywave” via software on Tablets and phones. Because we have tailored blockchains for different use cases we intend to use the high performance Binary Byzantine Fault Tolerant blockchain system that has proven throughput of 500,000 transactions per second as our prefered payments platform. This and the separation of ledgers for national curencies when a person is "paying" in a single currency means we can accomodate more payments worldwide than Visa. Mastercard and paypal combined.
Trade Commodities - Gold
Trade Commodities Gold
Verified Entities using the OVA system issue Gold and Silver assets as tokens and use them on the Træde mainchain or clone them onto the Ethereum mainchain.
A walkthrough of a transfer of Ether to the Træde blockchain and GLD to the Ethereum Blockchain is described below.
- 1 Alice (A) on Ethereum blockchain (BC 1) has 20 ETH and Bobs account has none.
- 2 Alice sends 10 ETH to SCS (BC1) which “hold” them and gives a signed encrypted receipt to Alice’s TWallet which delivers it to SCS (BC2).
- 3 SCS (BC2) issues 10 “cloned” ETH’ to Alice’s wallet address on the Træde blockchain (BC 2)
- 4 Alice uses the DEX functionality available on the Træde blockchain to trade 2 ETH’ for 8 GLD (gold) tokens with Bob.
- 5 Bob sends his 2 ETH’ to the SCS (BC 2) which issues a “release receipt” to Bobs TWallet and burns (destroys) 2 ETH’
- 6 Alice also sends 4 of her gold tokens to a SCS on BC 2 which “holds them and gives Alice a “receipt” that Alice’s TWallet sends to BC 1 which clones and issues 4 GLD’ on the Ethereum chain.
- 7 Now Alice has effectively 4 gold and 10 ether on the Ethereum blockchain and 4 gold and 8 Ether on the Træde blockchain.
- 8 Bob has 2 gold on the Ethereum blockchain and 2 gold still on Træde.
The same process is used for any Asset tokens that need to be transferred to other blockchains.
Our smart contract platform lets people fund projects, companies, and causes or to receive shares from start-ups. The system can have smart contracts that release a pooled fund raised by a campaign if it meets its fundraising target by its set date. If not, the smart contract will refund to the supporters the funds they placed into the “escrow” crowdfunding contract. This can be in dollars or yen or any tokenised currency or digitised asset.
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