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XERA – a decentralized cryptocurrency exchange

XERA is a decentralized cryptocurrency exchange. The solution envisages the following functionality: detailed reporting, advanced charting features, one cancels other (OCO) order features, multiple order types, price alert system, live profit and loss updates, and competitive trading fees. The exchange will offer several types of orders: market order, limit order, stop-limit, etc. Initially, XERA will allow trading with BTC, ETH and XERA coin with other currencies to be added later. XERA coin is an ERC20 utility coin that will offer reduced fees and incentives for traders.The XERA team is comprised of traders who have gained decades of experience in the banking and information technology sectors. As such, they  have identified the functions that should be non-negotiable in a quality cryptocurrency exchange. Many traders currently have to use third-party and other paid tools to fulfill their full spectrum of cryptocurrency trading requirements via exchanges. XERA will be a fully integrated cryptocurrency trading exchange that resolves the key issues and challenges that traders are facing with current exchanges. To fund the development of XERA, an ICO will be launched to sell the XERA token and provide traders with access to a platform that incorporates all of the components that investors need at one place.

THE XERA SOLUTION

XERA’s exchange will address the issues and challenges traders are facing with cryptocurren – cy exchange platforms while providing an integrated solution for traders and investors who are interested in the cryptocurrency market. XERA will provide the professional tools and resources that traders require for precise trade execution. XERA is currently establishing partnerships with professionals from various industries to assist in the development of a robust trading platform.

The overall objectives of the platform are to:

● Deliver an integrated cryptocurrency trading platform to traders and investors;
● Establish itself as having the most in-demand capabilities within the cryptocurrency exchange market; and
● Attract and retain a team of credible partners and team members with a proven record of success within the realm of cryptocurrency, thereby delivering an exceptional trading experience to XERA customers.
More specifically, XERA is positioned to offer traders and investors detailed reporting, advanced charting features, one cancels other (OCO) order features, multiple order types, price alert system, real-time profit and loss updates, and competitive trading fees. Whether a cryptocurrency beginner or advanced trader, everyone is welcome on the XERA platform.

THE XERA TRADING ENGINE

The core of the exchange engine is the order matching mechanism. Its function is to:
● Accept orders;
● Find matches among the orders as quickly as possible;
● Create a trade when a match is found.
Order matching works in such a way that every trade is made at the best price possible. For example, if someone offers to sell ETH at price $100, and a user places an order to buy ETH at price $120, then the engine will match the orders and make a trade at $100 if the algorithm determines that $100 is the best price for order execution. Their objective is to provide high-per – formance order matching engine allowing users to trade instantly even during a high load period. As such, the entire exchange architec – ture is built upon the exchange engine and will include:
● Implementing advance order types;
● Managing user balances, moving the funds from one trader to the other when a trade is made;
● Calculating the fees, subtracting them from the trades;
● Recording user trades, generating reports on individual trading profitability;
● Processing deposits and withdrawals, which includes running a full node for every coin traded on the exchange;
● Market history generation, providing the market data over time and via various time frames;
● Margin trading and lending (to be introduced later);
● A high quality front-end environment that provides an instant-response user interface.
To maximize security, their exchange will use cold wallet storage, multi-signature wallets, and smart contracts. The exchange will also provide a high-quality API to allow automated trading. The API will provide market data via a REST API and a Websocket API which pushes instant updates. The API will also allow user access to all trading features, thus maximizing the capabilities for those traders who want to automate their trading.

SUPPORTED ORDER TYPES

There will be several order types available on the XERA platform. Along with the suite of trading features and resources available to thier customers, this will also set XERA apart in providing an exceptional trading experience.

TOKENOMICS

  • Token Symbol XERA
  • Token Protocol Ethereum, ERC20
  • Token Sale Start 1 October 2018
  • Token Sale End 27 November 2018
  • Max circulating supply 95,000,000
  • Tokens for sale 65,500,000
  • Token Price 0.50 USD
  • Payment methods ETH
  • Softcap 5,320,000 USD
  • Hardcap 29,260,000 USD

For more information, visit the WEBSITE or read the Whitepaper.

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