idap.io is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. idap.io exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. idap.io platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. There will be zero trading fees for ICO contributors who buy 20,000 or more IDAP tokens. IDAP aims to tap the potential billion dollars crypto derivatives market by creating the much needed crypto derivatives trading instruments and a legacy styled advanced and easy to use trading interface.
The International Digital Assets Platform (IDAP) is the first self-contained ecosystem for the cryptocurrencies derivatives trading market. Contained within this ecosystem are the IDAP Exchange, the IDAP Desktop App with advanced trading tools and most importantly, crypto derivatives instruments by IDAP, for trading and investment. By bringing together individuals and institutions in need of risk management or with an eye at profit via risk acceptance, our goal is to become the most diverse crypto derivatives marketplace for buyers and sellers.
The volatility of the current crypto market has made it imperative that the issue of risk management and hedging options for crypto assets be addressed without delay. Traders being free to take long and short positions and to bet in both the bull and bear run of the market, thus being able to diversify and optimise their portfolio performance, are all made possible by the introduction of a highly diverse and wide range of multiple crypto based derivatives products, including Futures, Spreads, Swaps, Options and Crypto Indices. Moreover, the trading of these above mentioned financial instruments deepens the liquidity of the market, in effect stabilising the price points of the underlying crypto assets. This is what the IDAP ecosystem for crypto derivatives market trading has exclusively been built to achieve.
Our team of highly motivated professionals, possessing a robust academic background coupled with years of trading experience on world’s best exchanges like CME and ICE, identified the three pillars of success upon which the IDAP ecosystem will stand tall. First and foremost, is the extensive array of IDAP product offerings that include but are not limited to, crypto based outright futures, calendar spreads, butterfly spreads, American options, perpetual swaps, crypto indices and ETFs, that enable traders to hedge, speculate and invest, opening up a new realm of market possibilities. Secondly, is the IDAP exchange, a trading platform with low latency, high availability, housing an Institutional Grade Matching Engine with implied orders system, advanced OMS & SOR capabilities and FIX 4.2/4.4 protocol for HFTs, designed to be fault-tolerant and swift in its operations. Lastly, are IDAP’s advanced data visualisation and analytics tools, created for trader assistance in charting intraday, and historic time series data to gain insight into market trends, facilitating immediate action and thus forgoing the need for end-of-day reports.
The IDAP ecosystem is thereby going to be the comprehensive solution for traders. Harnessing all the advantages of the traditional trading market and distilling them to suit the cryptocurrency landscape, the IDAP ecosystem will offer a boost to the crypto market in the right direction. Our platform will redefine how exchanges operate and by attracting more traders via our various product offerings, we will expand the pool of participants fostering greater market liquidity and thereby contributing to its overall growth.
Good project with nice potential on this market. It is coming with good team and advisors as well. It will be great to watch it during launch of the product
"First and foremost, is the extensive array of IDAP product offerings that include but are not limited to, crypto based outright futures, calendar spreads, butterfly spreads, American options, perpetual swaps, crypto indices and ETFs, that enable traders to hedge, speculate and invest, opening up a new realm of market possibilities."
By when, this platform will be completed according to the above tools?
The product description in the whitepaper is quite thorough and interesting. But the biggest concern is that there are major player already in this field related with the largest crypto exchanges (mainly Chinese and the US) and so on. So it is absolutely not enough to give just a small table about the project's commissions in 1 page of business planning chapter of the WP. You need to describe how and by what means you will grow and compete. The team looks too localised.
Team - good experience in core team and specialist advisors with expertise to cover most areas.
Vision - good idea, very difficult to execute. With MiFID II incoming and further investor protections, I would have expected to see more consideration of KYC to make sure the clients of the platform hold the requisite experience and expertise to trade the products they're developing. Should the project get this element wrong, they could be looking at massive fines and/or jail time. In my opinion, I would redraft the WP to show further info on how they will manage this risk, otherwise it appears they are committing the regulatory equivalent of taking a knife to a gun fight.
Furthermore, the weightings for their ETF products aren't clear. They state 'balanced by market capitalisation' but is this limited to a top out percentage or free to copy market cap exactly? Such details are important as they make the attractiveness of such products different depending on the balancing type and the balancing period.
Product - Good idea as further derivatives will help to push the Crypto market forward, but there is not enough info about the some of the sub-products to give a high score here, especially when twinned with no MVP available on the website.
Good team and interesting product. However, no ICO date yet for public sale.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
The white paper is well organized and the team is also high level.
A lot of functions will be implemented for investors and customer service will be enhanced.
The key to how far this function is implemented is likely to be the key.
MVP is still in video display. I really want to try it with my own hands. Once that is realized, I will improve the evaluation.
TOKEN TYPE is "WRC 20" on the page, "ERC 20" in the white paper. Which one?
idap.io intents to provide users complete access to cryptocurrency derivatives i.e. Futures, Swaps, and Options. The platform will incorporate its own trading platform and marketplace. along with margin lending, crypto indices derivatives, and perpetual swaps. IDAP tokens are utility tokens used to pay transaction fees in the idap ecosystem.
The whitepaper is comprehensive and discuss features of the platform. The problem statement is briefly discussed. Though I am of opinion that it lacks at technical aspects. The business model and token economics are explained succinctly. Github page is mentioned which contains repositories for token smart contracts and the whitelist. Legal content is available, through in brief. Whitepaper is well written and thorough.
The current stage of development of the platform is not clear. And there are only video demonstrations of the product available on website. The company GitHub page doesn’t reflect any development on side of product and it only contains token smart contracts and the whitelist.
The revenue stream of business model, as per whitepaper, primarily consists of receiving commission as income from trading and as management fees. Token economics are outlined specifically. Though business model falls short when it comes to listing key elements.
It is also stated that 20% of all tokens received from platform fees will be burned until the total token supply is halved from 1 billion to 500 million IDAP. Token allocation is presented with moderate levels of detail.
Why Blockchain? There is a lack of technical discussion. No concrete para can be found on technical aspects of the platform and use of blockchain. For example, it is stated that the “exchange platform will be hosted on high availability IT infrastructure, thus, enabling fault-tolerant architecture with guaranteed 99.995 percent uptime”. The exchange platform architecture is not discussed in depth. The exchange itself does not seem to utilize blockchain technology. The platform does not provide innovation from a blockchain technology perspective.
Legally, they have provided sufficient information and have uploaded licenses obtained for crypto-fiat and crypto wallet from appropriate authority, Government of Estonia.
The roadmap is presented on the company website is in tandem with the present time. There is a sufficient amount of business and technology focused milestones which align with the written content (regarding the development plan) that is in the whitepaper. I have found it simple, clear and sufficient.
The platform is targeted towards traders and investors, as customer base, that would like to enter cryptocurrency markets specifically for derivatives. Which is a USP of business and a potential market segment. Though the whitepaper lacks competitive analysis with existing players and market assessment. It doesn’t mention sufficiently about market stats. A SWOT analysis may have helped. Also the whitepaper is silent about business being specific to any targeted market, jurisdiction wise, which per se needs clarity.
There are several blockchain-focused projects which are direct competitors like VariabL, BBOD, Fortuna, WandX, Leverj, Close Cross, EverMarkets, Digitex, Globitex, Betex, Lucid Exchange, QUEDEX and more.
According to the company LinkedIn profile, the organization is founded lately in 2018 and is a privately held company located at Tallinn, Harju County. It is stated in the whitepaper that IDAP will begin operations in the European Union. Nothing has been stated about funding, if in case, in the whitepaper and website.
The main team consists of professionals is mentioned over website along with good list of advisors. The team is technologically very sound and hail from premiere institutes of country. I have found team sufficiently experienced and capable of execution. Prior experience of team members and experts is aligned to nature of project. Though I have founded few blockchain developers and team is skewed towards finance and business management.
Notable partnerships with investing.com, Stigasoft, GetSmart,3Apples, are visible on company website.
Idap.io has significant presence in Indian market as team hail from India. Though they may not take significant advantages of same due to regulatory barrier and framework in country. Cryptocurrency market, especially derivatives, has great business potential and team seems to be pulling it right till date. Team has adequate experience and expertise to execute as planned. Whitepaper is comprehensive, clear but lacks on technological side. Also I have found nothing about financial projections on business side, in whitepaper. In my opinion, every business should present, separately, a financial paper that helps investors understand how much and when they should expect ROI and not be dependent upon exchange listing solely. Use of blockchain in whole business model is dim but crypto trading businesses, in my opinion, cannot be compared explicitly to tech businesses. All the best to team.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.