Bounty Trakx

Nguyễn Nhật Anh
Sep 9, 2018 · 2 min read

They are building the first Crypto Tracker solution

Crypto Trackers are tokens which significantly reduce the complexity and fees associated with the setting of long and short positions on various cryptocurrency assets. Users will be able to trade onto the platform digital tokens that are positively or negatively correlated to the tracked underlying crypto assets. We will progressively offer a wide panel of Crypto Trackers which include, non-exhaustively, inverse trackers, levered trackers, basket trackers and stablecoins.

What are Crypto Trackers?

Crypto Trackers are ERC20 trackers that change proportionally to the percentage change in their benchmark, multiplied by a potential leverage factor, for any given day. Thanks to daily reset, CTIs have a compounding effect, whereby losses and gains from each period affect the base from which the next period’s returns are calculated. Each Crypto Tracker will be its own ERC20 token, and can be stored on Ethereum wallets as well as traded on Trakx.io. Crypto Trackers will include, non-exhaustively, inverse trackers, levered trackers, basket trackers and stable coins.

Token sale

Trakx tokens (TKX) will be created on the basis of the Ethereum blockchain (ERC20 tokens). TKX will be compatible with third-party services wallets, and exchanges. Incentives will be created for token holders such as discounts on Trakx services and a token burn program.

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Roadmap

2018

Q1

  • Concept formulated by Lionel Rebibo
  • Initial team assembled

Q2

  • Whitepaper published
  • First recruitment of Tech talents
  • Website launched

Q3

  • Development of the crypto-trackers
  • Partnerships with Tech experts and first discussions with audit firms
  • Financial experts advisors recruitment

Q4

  • Closing of the private presale
  • Smart contract development and audit
  • ICO Dashboard development
  • First marketing events & roadshow
  • Launch of the Public Crowdsale
  • TKX ERC20 Token Released

2019

Q1

  • Listing of TKX on cryptocurrency exchanges
  • Launch of BTC & ETH Inverse Crypto Trackers
  • Launch of BTC & ETH negatively levered Crypto Trackers

Q2

  • Launch of Long Basket Crypto Trackers, positively levered Crypto Trackers and Stable Coins

Nguyễn Nhật Anh

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#ICO#blockchain#cryptocurrency#NEO#ETH#VEN#ADA#Followme=followback

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