How Level01 removes security concerns?

Level01
Level01io
Published in
3 min readOct 28, 2019

For a technology that prides itself for security, blockchain has had a few challenging years. The scandalous hacks that occurred on centralized exchanges and their funds forced many to rethink the way transactions are made. With a mission to restore autonomy to the ordinary trader, #Level01 removes these security concerns through its peer-to-peer derivative exchange, allowing you to trade options directly with another registered trader without having your funds sit on a centralized asset account — instead your funds are with you, in your secure wallet.

Here’s what a new era of automated trust built on digital ledger technology is bringing to you:

Multi-Platform Accessibility

The Level01 platform will be accessible through Android mobile app, iOS app, and standard internet web browsers. All platforms will have standardized user interface, user experience and features upon launch.

Transparent Trade Settlement on Blockchain

The platform will have fully automated and transparent trade settlement conducted on the blockchain, with transaction records such as timestamp and asset pricing fully available for verification and audit. Trades are immediately settled upon expiry and funds made available in respective wallets. No deposits or funds are held by the platform at any given time.

Trade Room Hosting

Platform users can host trade rooms for other users by staking tokens. Trade rooms allow fast paced speculations to be carried out by users in group sessions, and win from the entire investment pool in a pari-mutuel style. The trade room host will earn hosting commissions from the investment pool.

Tournament Hosting

Platform users can host tournaments for other users by staking tokens. Users use tokens to participate in tournaments to accumulate points. At the end of the tournament, the respective leading users on the leader board will win from the accumulated pool of tokens. The tournament host will earn hosting commissions from the accumulated pool.

Incentivized User Profile

Platform users accumulate ranks and reputation through successful trades that can be monetized through followers. User profile is authentic and cannot be counterfeited because it is stored on the blockchain.

External Ecosystem Trade Matching

The platform will support options contract sharing to external ecosystems or social media platforms, such as forums, Facebook, Twitter, etc. that allow external participants to match with options contracts while outside the platform.

App Wallet with Blockchain Explorer

The platform will have integrated wallet features that allow users to send and receive platform tokens, and browse transaction records directly from the blockchain. In- platform wallet token conversion services through 3rd party APIs will be launched as a roadmap feature.

Trading History with Trade Pattern Analytics

Trading history is stored for every user, and processed with integrated analytics to show trading styles and patterns based on all trades made. This allows users to be constantly aware of their trading behaviours and patterns, and make appropriate adjustments.

AI Assisted Dynamic Fair Pricing

Users are assisted by platform AI ‘FairSense’ that has consolidated built in fair value and price discovery algorithms using information and data from global interbank markets not usually accessible to retail investors. This improves trade matching and platform liquidity, and assists novice or even advanced investors for better trade matching circumstances.

AI Assisted Trade Matching

Platform AI ‘FairSense’ utilizes machine learning to analyze and monitor trading intent patterns and assists direct peer-to-peer trade matching through suggested trades.

Trial Trading

Users can conduct trade with a demo account that can be refilled with demo trading points, enabling investors to conduct research on their strategies without risking actual token value.

Liquidity API

API’s will be available for other platforms and brokerages to access the Level01 exchange, providing more liquidity and order book balancing.

User Chat Messaging

Users can chat directly with each other through private messaging, and suggest trades or propose contracts in message.

Ultimately, this combination will provide the best user experience and confidence in the trading platform to the users. As technology matures over time, Level01 is constantly keeping a close eye on developing technology that will provide better and more integrated solutions to the platform in terms of speed, efficiency, functional versatility and transparency.

The World Is Unfair, Level It with https://Level01.io

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Level01
Level01io

Fairest, Safest & Most Profitable Way to Trade Options with FairSense AI