1st TRADE EXCHANGE

A Secure & Compliant Exchange Driven by Blockchain Technology

About

1st TRADE is an independently-developed blockchain asset trading system with independent intellectual property rights. The development team is experienced in banking system development, applying the most advanced front-end and business architecture. According to the authoritative organization, the system single-server matching rate can up to 50,000/TPS, and it can grow linearly with a reasonable scale out. The current system used by the platform has been operated for one and a half year, and its back-end operating system, risk control system, financial system and operating system have been working smooth and stable during this period.
1st TRADE comprises of two basic free words- — First and Trade, for simple memory and use. 1st TRADE symbolizes the favored exchanging stage. 1st TRADE group trusts that 1st TRADE will turn into clients’ first decision for trade that offers blockchain-based exchanging and subordinate help sooner rather than later.
1st TRADE will concentrate on blockchain innovation, ceaselessly creating blockchain-based money related subsidiary administrations as per the improvement pattern of blockchain industry while guaranteeing the fundamental trade capacities, for example, exchanging, wallet and network, in order to effectively join conventional account and blockchain innovation.
1st TRADE is a freely created blockchain resource exchanging framework with autonomous protected innovation rights. The improvement group is knowledgeable about financial framework advancement, applying the most progressive front-end and business design. As indicated by the definitive association, the framework single-server coordinating rate can up to 50,000/TPS, and it can develop directly with a sensible scale out. The present framework utilized by the stage has been worked for one and a half year, and its back-end working framework, chance control framework, money related framework and working framework have been working smooth and stable during this period.

First Trade Token – FRT

FRT is the abbreviation of First Trade Token, which is ERC20 based digital asset issued by the decentralized digital asset trading platform —1st Trade Exchange. FRT is mainly used to build and motivate the global FRT community and support the project operation. 1st Trade provides crypto trading services for FRT ecosystem and supports real-time exchange trading with mainstream currencies. 1st Trade provides a carrier for FRT use cases, as an important part of the FRT ecosystem.

FRT Distribution

FRT Functions

a)Trading fee deduction
Users can pay trading fee via equivalent FRT when trading in 1st Trade.
b) Trading fee discount
Besides trading fee deduction via equivalent FRT, there will be trading fee discount
with a certain percentage for paying trading fee via FRT.
c) Two-way referral reward
Invite friends to sign up. More reward if invitees pass KYC2, both inviters & invitees
rewarded.
d) Trust insurance
1st Trade will rely on its own custody business to develop digital asset custody
insurance business. Users only need to consume platform token to purchase personal
or institutional digital asset insurance, which ensures asset security.
e) Mortgage loan
1st Trade applies blockchain & DeFi-related mortgage lending function to the platform
token ecological construction, so that the user can earn max benefits in a fair and
transparent manner.
f) Stable coin equities
1st Trade plans to relies on the platform digital asset custody related functions to
develop a mortgage lending function based on the blockchain, so that users have more
risk hedging rights.

FRT DPOS Ecosystem

DPOS (Delegated Proof of Stake) is a consensus algorithm based on voting. The holder selects the representative node to operate the network and uses the professionally run network server to ensure the security and performance of the block network. The 1st Trade Center network uses a Proof of Stake (POS) mechanism, and the weight of the validation node depends on the total amount of the staking token (FRT) that is bound. The FRT can be held directly by the validation node or it can delegate the tokens of other FRT holders.
Any user in the system can become a validation node candidate by sending a transaction that verifies the node election. In the node ecosystem, it is not necessary to solve the mathematics problem. The token holders vote to in or out, which solves the performance problem of the POS. The validator participates in the election, and the validation node is equal to the total amount of the bound token and the delegated token, and the 13 validation nodes with the highest total amount will become the delegation node. FRT will also generate dynamic monitoring on the chain to dynamically adjust the circulation of existing coins and the amount of new token unlocked by the block so as to realize the dynamic rights of the delegated nodes.

Team Advantages

  • Rich global blockchain operation experience: the founder Jearon is experienced in global brand and community operation in the blockchain industry. The foreign team members have rich experience in overseas community and media operation.
  • Solid technical strength: the platform has independent intellectual property rights, and its core matching engine can process 10,000 orders/second with single server, which can be scaled out. The technical team has experience of platform architecture and coding and has their own trading robot system.
  • Mature trading system: The restructuring system has been running stably for more than 6 months, and the core functions such as code review and embedded risk control system has been gradually improved .

Roadmap

2019 Q4
FRT Token Release
Staking function with Static Reward Trading Fee Deduction
2020 Q1
First Trade Fund Establish
On Chain Staking function will available, the POS on chain governance will start
2020 Q2
POC Incentive Consensus Publish
POC consensus will available on the First Trade Fund website to let community members can get POC reward through their contributions.
2020 Q4
Finish POC+POS Consensus
Self-governance of Inflation and deflation on the chain
2021 Q2
On-Chain Stablecoin Issurance system
Trader can loan stablecoin through cross chain Issurance system on FRT.
2022 Q3
On-Chain Leverage Loan System
On-chain mortgage loan avaliable
2023 Q2
Fiat & Crypto Trustable Payment Gateway
As the payment gateway of implementation in crypto and fiat exchange
2023 Q4
On-chain Clearing & Audit
Provide universal API on FRT chain to let 3 rd party Audit and Clearing service provider can give a certificated data to all community mem bers
by ; wanda11 link: https://bitcointalk.org/index.php?action=profile;u=2690432

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