Introduction
The market for digital assets is growing at breakneck speed. It is estimated that as of April of this year, the average daily volume in all exchanges of digital assets exceeds 18 billions USD equivalent, with total estimated market cap for Blockchain instruments surpassing 325 billion USD equivalent.
There are over 1600 cryptocurrencies and tokens in the market, and every day new ICOs are announced, and as a result, commerce and exchange grows. The digital economy is here to stay.
Faced with this reality, the average investor who manages their own investment fund, must constantly browse through dozens of websites in order to get the most relevant and current information that allows them to make the most accurate decisions, with the lowest possible risk, which it can constitute an insurmountable barrier that limits the overcrowding of the cryptoeconomy.
What is Caspian
Caspian is a joint venture between Tora Trading Services Limited, a global leading cloud-based front-to-back technology provider to buy side institutions; and Kenetic Trading Systems Limited, a leading blockchain and cryptocurrency investment firm, wich has developed "a set of financial tools that makes it possible to work with important elements from one place", in short, it is a platform that allows users to access their financial information, facilitating the exchange of their digital assets.
Caspian supports the purchase of cryptocurrencies which helps bring volume and liquidity to the sector, and targets the following 3 major functions:
- Execution
- Position and Risk Management
- Compliance and Report
The main benefit that Caspian offers you, is that through its platform you can have access to see all the available exchanges at that moment and best of all, you will have access to the best rates. in the market, including the wide variety of cryptocurrencies that the market offers. Also has developed limits and warnings which are essential at the time of handling the cryptocurrencies.
How Caspian Will Increase Cryptocurrency Adoption
With robust architecture and easy to understand functionalities, users would be encouraged to give priority to trading since thought of managing assets across multiple exchanges is mind boggling. Caspian guarantees security of funds, high performance, reliability and scalability- these features are important in modern trading.
Developer who can build useful trading tools would be rewarded with CSP token which is the base currency on Caspian. This will encourage technology innovation that will be beneficial to the community.
There will be development bounties for developers, and community bounties for all users. The company will reach out to asset management institutions, expand into cryptocurrency communities, organize trading competitions, promote Caspian through events, tech meet ups, events and conferences. All of these, when combined, will bring new adopters into cryptocurrency ecosystem.
NOTE: CSP to Caspian is what BNB is to Binance, it is a token that guarantees some form of discount. However, not having it is not a barrier, users will have access to almost all tools, except staking, and access to tools that require subscription or purchase.
Shortcomings of Managing Assets In Multiple Exchanges
For a trader to be successful, he must be productive. Productivity is not achievable without good time management. Now, how is it possible for a manager to save time when assets are scattered all over multiple exchanges? Navigating through tabs is a huge task, it should be avoided, now that Caspian has arrived the scene. Poor time management is actually one of the demerits of trading in many exchanges.
Low liquidity is another problem. Only top 10 out of over 200 exchanges can provide reliable liquidity, so this is a big problem that big investors would face.
Lack of adequate trading tools. Currently, users depends on external tools offered by trading view and similar websites, many advanced technical analysts do not find it so easy to chart using old and unreliable tools offered by old exchanges.
Final Thought
Caspian is not designed to disrupt anything in exchange system, rather, it aims to harmonize all of them. A single trading tool for all of exchanges means more volume for them as trading activities increases across the world.
Many exchanges offer tokens through ICO to raise funds, but this is this first time a company is offering what we can truly refer to as utility token on ethereum blockchain.
Additional Use Cases
Every blockchain project developer is aware of barriers involved in listing their coins/tokens on exchanges, especially the top ones. Caspian can actually reduce or eliminate this barrier by forming alliance with other exchanges in a way that assets that are listed on Caspian are automatically listed in partners exchanges.
CSP can be used in supporting educational services on video host websites like Youtube. For instance, professionals can be rewarded for creating quality video that will enlighten people about trading and how to use Caspian. These contents will become exclusive property of Caspian and they can be made available in the blog, which is going to be a subdomain of https://caspian.tech/.
The Team
Caspian senior management has decades of combined experience in finance and technology. The team members have held high positions in recognized investment and technology companies, some of which pioneered the adoption of Blockchain technology.
In their respective roles in Tora and Kenetic, they have demonstrated their ability to work effectively and together to build successful financial and commercial solutions. Certainly, the brightest minds behind this great project.
Strategic Partners
The Roadmap
Caspian is currently in operation and connected to more than ten major exchanges. It is expected to add up to forty exchanges to the ecosystem by the end of Q3 2018.
The team intends to concentrate on core functionality and exchange connectivity. Once these objectives are achieved, emphasis will be placed on the implementation of more complex functions and user interfaces.
This are my participate to the contest by @originalwork
Caspian2018