We present the results of the SIMDAQ project development for the past month. The team has made significant progress in developing the platform and developing the market for the SMQ system tokens.
According to Coinmarketcap, as of May 10, 2018, the crypto asset market amounts to more than 430 billion USD. Today, more than 1,500 cryptocurrencies and digital tokens can be purchased on various trading platforms. The SIMDAQ project will allow new market participants to get acquainted with the trading environment, practise and exchange experience and developments in the field of trade strategies with other participants.
Eugene Dubovoi, CEO and a founder:
“SIMDAQ is your entry point to the digital asset market. We believe that in the near future, the purchase and sale of digital assets will become as simple and common as buying food and clothing, performing banking transactions, refueling cars and so on. However, trading is an aggressive and high-risk environment. That is why we’re here. With a large amount of historical data, you can quickly purchase and develop the skills of technical analysis and work with digital assets.”
Development News
On April 25, we carried out the first integration check aimed at testing the processes of creating a profile for a new user of the platform, authorizing and changing the password. During the testing, eight modules were used. The check was carried out on the functionality of the processes, without integrating the final design.
The testing completed successfully. This indicates a good level of designing the system — the modules interact with each other without collisions. Separate testing of modules gave a positive result as well. This indicates the successful progress in terms of tight deadlines. The task of designing the system has been completed in almost all modules.
Billing and the server part of the personal cabinet are under testing yet. The quest support system and adapters for accepting payments in cryptocurrency are transferred to be developed.
We have started to develop a frontend — a personal cabinet and a trading emulation system. We have a lot of interesting work to compare the design solutions with processes in the system, on the basis of which the layout and coding of visual interfaces will be made.
We have been working intensively on the design of the main modules of the platform during the whole past month. We continue to work on the platform user’s scenarios, as well as on the interface elements and ergonomics. We are glad to present you some of our results:
Dashboard
Simulation toolbar
Statistic window
Team News
Over the past month, our development team has significantly expanded. We continue to search for specialists, but the main resource composition can be considered to have been established. Over the past month, two frontend developers, one backend-developer, a multi-discipline programmer and a tester joined our team.
Currently, our SIMDAQ team consists of 20 people including permanent employees and external experts.
Tokens Market News
To develop the token market, the SIMDAQ team prepared two important news: launch of the LiquidWave, market making service from Waves, and start of the work on the listing at Coinmarketcap.
We became the first user of the LiquidWave service. It will maintain liquidity of SMQ tokens in market. This is the first start of this service in the history, and its tuning and testing took a few weeks. The LiquidWave service establishes a liquid crypto asset market within the ecosystem for tokenization and development of blockchain projects based on the Waves platform.
Liquidity of SMQ tokens issued by the Simdaq project in January 2018 will be provided for currency pairs with Bitcoin, Ethereum and Waves.
The big idea of the LiquidWave project lies in creating a liquid market for new cryptographic tokens as an element of the effective Waves ecosystem, within which new projects can be carried out token sales, develop their products using blockchain technology and interact with investors. The ecosystem also includes DEX, a decentralized exchange; Waves Lab, an accelerator; Tokenomika, an investment bank for large blockchain projects and other projects.
Eugene Dubovoi, CEO and a founder:
“We became one of the first in the Waves Lab accelerator, and now, we participate with great interest in the new start-up in the large-scale Waves ecosystem. This step is important for holders of our tokens who believe in the project.”
The LiquidWave mechanism is based on using the specially crafted Liquid tokens placed by Waves among the holders of their tokens. To implement the mechanism, Waves attracts a pool of market maker partners that provide guaranteed liquidity for crypto tokens on a decentralized DEX exchange by means of automatic trading algorithms. A user of the service purchases on the market and transfers a certain amount of Liquid tokens for storage to market makers for the period of using the LiquidWave service.
The second important news is that we started to move to pass the listing on Coinmarketcap. First of all, the volume of tokens trading should reach 100 thousand USD per day. After that we will fill in the application, and Coinmarketcap will consider it. It may take some time, but we hope it will happen in the beginning of the summer. As a result, more investors will be able to learn about the project and come to us, and this should have a positive impact on the token market dynamics of the project along with other news. Follow the updates of the project and thank you for being with us!
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