SINGAPORE, Oct. 14, 2019 /PRNewswire/ -- Recently, Usechain Asia Foundation funded
TaurusEX (jinniu.pro), a one-stop digital financial assets trading
platform built by quantitative execs from Wall Street, which was officially launched on Aug
8. As a finance-based crypto
exchange, TaurusEX will compete against other similar crypto
derivative exchanges by offering
creative derivatives products.
Ambitious in Derivatives Market
TaurusEX got funded by Usechain Asia Foundation, which launched the mirror-identity
blockchain -- Usechain in 2018. TaurusEX introduces "Brennan-Cao"
formula from the frontier theory of high-order future pricing by
Usechain CEO, former Berkeley Finance Professor Henry Cao, to develop the most innovative
product – high-order futures contracts.
"Traditional futures contracts are linear as we all know, but
the high-order futures contracts are what we put more factors into
consideration to make a more complete market compare to linear
contracts," Professor Henry Cao explained.
Other Crypto derivative exchanges
are mainly about crypto currencies like BTC/ETH, while
TaurusEX is more than that. Besides crypto currencies, forex,
commodity, futures, even options can be tokenized and traded on the
platform. In addition, TaurusEX will provide not only futures but
also spots as supplementary.
"This is a greater market and I see great ambition on
TaurusEX," said Professor
Henry Cao.
A Combination of Decentralization and Centralization
The difference between TaurusEX and most of the exchanges on
working process is that it is a compromised model with combined decentralization with
centralization. Briefly the matchmaking mechanism is a centralized
system that supports high
concurrency working off-chain, while clearing and settlement are
decentralized working on the Usechain network (DPoS). The Mirror
Identity Protocol on Usechain network will help TaurusEX to comply
with KYC, AML and CFT regulations as well. In this case, the
liquidity is improved and the safety is guaranteed.
New Model of Token Listing
Most of the exchanges charge huge fees to token sponsors to list
on their exchange, this is one of the factors why exchanges are
profitable. TaurusEX would like to create a new business model,
that it allows a direct listing without listing fees for those who
meet the standard of premium project judging by deposit volume. The
deposit volume requires no less than 1 USDT equivalent in value
each from 1000 valid users. In this way, it will bring real trading
volumes instead of fabricated volumes, and benefit the sustainable
development of TaurusEX. Moreover, token listing recommended by
community is in the plan.
It's just the beginning of TaurusEX, and so far, it gained a lot
of attention in the Taurus Coin
(TC) sale, which shows high expectation from the market. TaurusEX will realize its
commitment of providing creative derivatives service in the medium
term according to its roadmap.
"TaurusEX is absolute professional and I believe it will meet
our expectation of helping potential projects get funded and
benefit the whole industry, instead of earning high commissions and
fees," said professor Henry Cao.
About Usechain
Usechain is a Singapore-based
company committed to developing a mirror identity Blockchain
community alternative to the well-known Bitcoin and Ethereum
Blockchains. Usechain incorporates many innovative technologies
such as RPOW (Randomized Proof of Work), a multi-tiered sharded
network, integration with government identities. Potential
applications Include finance, IOT, supply chain, social network,
and games.
About TaurusEX
TaurusEX is a one-stop digital financial assets trading platform
co-founded by quantitaive, assets management & deravatives
development executives from Wall Steet and blockchain
entrepreneurs.
For more information:
www.usechain.net
www.jinniu.pro/
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SOURCE Usechain