The cryptocurrency world is constantly changing and evolving, with more tokens and coins being introduced daily into the cryptocurrency space. As these tokens are being created, their various blockchain based solutions to the challenges and needs of life are being advertised to the general public, to convince investors to invest in the project.
However, because of the numerous amount of cryptocurrencies being introduced into the crypto space, together with their irregular enlisting on various exchanges, potential investors become skeptical about investing, while current crypto investors experience difficulty while managing their crypto portfolio.
As a solution to these hindrances, there is need for a highly secure and reliable platform that can give investors immediate access to all cryptocurrencies in their portfolio, along with all the information related and relevant to successful trading.
Unfortunately, because of the present lack of these platforms, potential investors have been forced to avoid investing in the crypto market, while current investors have found themselves operating far below their optimum capacity.
There are 3 main current market challenges:
Delay in trade execution
Trade execution has to do with how fast and accurate a trade command is being executed. Time as little as seconds can be the thin line that separates a failure from a success.
Present cryptocurrency trading platforms have algorithms that have been successful at executing trades quickly, but when the volume of trade involved becomes larger, these platforms begin to lag and experience latency, because the algorithms they operate on were not designed to handle such large volume of trades.
For this reason, large investors who have at one time or the other experienced these delays in trade execution, have been discouraged from participating in the market, because their losses were not as a result of wrong trading strategies, but rather insufficiencies and inadequacies of the trading platforms.
To avoid this deficiency, crypto traders have been boxed into the corner of trading smaller volumes, so they would not over-stretch these algorithms, but this comes with the repercussion of reduced profits coming to investor, and also slow-paced development of the crypto market at large.
Inadequate security
We can’t out rightly state that the present market platforms have no security. No company going into the digital assets trading space is unaware of the security needs the market demands.
However, since 2011 till now, 4 billion USD equivalent of digital assets have been lost to theft activities of hackers.source.
This fact is an indication that the present security measures being taken in the market space have proved to be either archaic or deficient.
Most digital assets management companies fail to realize that security measures that worked in previous times can’t be sufficient to handle the challenges of today, not to even mention the challenges of tomorrow. They fail to develop and work on their security systems, hence exposing their whole platform to theft by hackers.
Also, no matter how strong you feel a security measure is, you can’t depend on just that security measure. Most companies depend on just one security measure, and if by any chance hackers can get past that security, there is nothing else keeping the hackers away.
Inadequate record keeping
The best way to predict the future is to study the past source
I like the quote above, because it summarizes this point. When it comes to trading, the past is as important as the future result. Because of the repetitive patterns of currency trading, the past behavior of a currency is a big indication of what the future behavior will be like.
However, because investors have their crypto portfolio scattered across various exchanges, it becomes really difficult getting this information in a well-organized and accurate format. They exist in fragments in these exchanges, with some exchanges keeping less record than others. These irregularities, in addition to the stress of moving from one platform to the other to get trading history, frustrate the idea of adequate record keeping.
Also, large institutions that go into currency trading carry out trading on the behalf of their clients. Hence they have to give an adequate report of their trading actions, as well as proof of profit and losses.
Just like in any responsible business, there has to be proper record keeping, especially when the funds of clients are involved. Without this adequate and well-organized record, trading institutions will be hindered from participating in the market because they are not willing to take uncalculated risks.
Finally, these institutions need good record keeping so that regulatory issues like tax payments can be well and accurately handled.
Having stated all the current challenges of the market, we can safely say that a new way of doing things is desperately needed, a way that gives investors access to all the cryptocurrencies in their portfolio, irrespective of what exchange they are on, a way with multiple levels of highly secure mechanisms, and finally a way that keeps adequate and highly detailed records of all the processes and transactions involved in the trading process.
Caspian is a brand new project that brings to the cryptocurrency market a new way for investors to handle and trade cryptocurrencies within their portfolio. It gives investors instant access to all assets within their portfolio, together with all the relevant information, security and tools necessary for a successful and profitable trading experience.
Caspian achieves this by means of its all-in-one platform that connects the major exchanges on which cryptocurrencies are traded. Caspian being a brain child of two firms, Tora and Kinetic, (each of which have successful track records in asset management and cryptocurrency investment, source), brings together all the experiences acquired and successes achieved by these two firms, to address the current problems in the digital asset marketplace.
This platform is designed with the three pillars of adequate security and risk management, easy access to all portfolio assets, and proper record keeping as its foundation.
Adequate security and risk management
When handling digital assets, security should be the topmost priority. Keeping hackers away is the bedrock of a successful digital asset management platform. By virtue of the fact that Caspian is a brain child of Tora, and Tora being a leading supplier of assets management technologysource, Caspian has all the experience and expertise of the Tora team at its disposal, making it a highly secure platform.
In the quest for extremely high security of digital assets, Caspian leverages a single interface for access to all crypto exchanges, a set of concrete whitelisted IPs for client app access, secure user sign-in, restricted access to backend, and encrypted connection to exchanges and third-parties.source
Through these security features, Caspian can offer investors, both individuals and institutions, all they will need for a seamless, profitable, and well-documented trading experience, while also having highly secure multiple levels of protection for their digital assets, thereby providing an environment that enables traders to focus on what truly matters (that is, trading), and leaving other matter like execution, position and risk management, compliance and reporting, and security to the able hands of the Caspian platform.
In addition to providing adequate security, Caspian provides risk management mechanisms that help reduce the risks involved in trading. No matter how planned, detailed, and organized a trading system is, as along as humans are involved especially in matters of prediction like trading, there will always the issue of risk. You can’t totally do away with risks, all you can do is manage them.
Easy access to all portfolio assets
The Caspian platform is designed as a one-stop platform that gives users instant access to all cryptocurrencies within their portfolio. Users no longer have to shuttle between exchanges in the bid to monitor their portfolio, but can now access them at the same time, irrespective of the exchange they are located on.
In addition to this instant and seamless access, the Caspian platform is also designed in such a way that it contains tools and services that satisfy the needs of users with respect to crypto trading. The platform is designed to prevent users from leaving the platform for any crypto-trading related need.
Proper record keeping
One of the advantages Caspian will have over other platforms is its detailed, well-organized, up-to-date, and easily accessible trading records. Being aware of the fact that large institutions need a well-documented trading record for successful transactions and reporting, Caspian will employ strategies to make the information readily available to both individual and large traders.
Other feature of the Caspian platform includes
Limit setting
Limit setting is a feature that gives investors more automated control over their trades. In Caspian, the function of limits is to delay the execution of an order until some security checks have been satisfied.
Before carrying out a trade, Caspian is designed in such a way that the system tries to prevent or reduce the amount of losses the user will experience.
Whenever the system notices that the user is trying to take an action that can have some negative repercussion, the system’s limits becomes activated, triggering some commands that informs the user of the possible consequences of his actions.
These limits are in three levels depending on how severe the consequences are. The levels are: warning limits (which can be overridden by the user), approval limits (which require a supervisor to approve the order before it can be sent to the market), and absolute limit (which cannot be overridden). source
Alerts
From all we have said about Caspian, you can tell that Caspian has so many potential use cases, ranging from individual traders, to banks, credit unions, and brokerage firms.
Application and use case to individual traders
Most individual traders have their crypto portfolio scattered across various exchanges. Prior to the Caspian concept, these traders found it difficult to precisely monitor all these currencies on various exchanges, and this has led to loss of profit making opportunities.
With the help of the Caspian platform, individual traders will be able to monitor their whole portfolio all at once, together with all the numerous trading tools and services that Caspian makes available to them, thereby increasing their chances of making profit.
Adams has a portfolio of 10 different cryptocurrencies, which are listed on a 4 exchanges. He is a 1-minute trader that has been trading for close to 6 months. Whenever he notices a bullish trend, he has to navigate between exchanges to taken advantage of the trend. He makes some profit, but knows he can make much more if only he had access to all his cryptocurrencies at the same time.
While making a research, he discovers Caspian and starts to use the platform immediately. Now he has access to all his cryptocurrencies all on one platform. He can now trade them at the same time in highly secure environment. He now makes more profit and invests in more cryptocurrencies, adding them to his monitoring on his Caspian platform.
Application and use case to Banks
Large institutions like banks are one of the numerous institutions that involve in forex trading. They have traders trading on their behalf with funds from the banks.
However, these banks avoid trading in the cryptocurrency space, because there is no platform that provides the required accurate, well-documented, and up-to-date information regarding trading activities. They need a platform that will give them the correct information regarding all the coins in their portfolio.
Because of the lack of such platform or system, they have been discouraged from entering the market.
With the help of Caspian, they will no longer be worried about the lack of proper documentation of trading activities. They will have all the records of all activities carried out within a particular period in time, across all exchanges they have investments in.
A bank employed the services of a cryptocurrency trader, who squandered a huge amount of bank funds. When he was interviewed on why he lost such money, he could not give any proper reason, and because there was no proper record keeping on the part of the exchanges, there was little the banks could do, so they gave up on the issue of crypto trading.
While surfing the net, the head of investment in that bank comes across Caspian, and then employs the platform together with the services of another trader. Now that the trader is aware that the bank has a detailed and easy-to-understand data of trading activities, he becomes more serious, while the bank can now monitor the trading progress on a daily basis.
Application and use case to Brokerage firms
Brokerage firms are firms that help individuals and institutions to trade. They trade on behalf of individuals and institutions. These firms train and deploy professional traders to handle the trading of funds of individuals and institutions.
With brokerage firms, what’s most important is integrity. When they know they don’t have total understanding of an idea, they chose not to partake of it.
This is the reason why Brokerage firms avoid cryptocurrency trading because there is no platform that can give detailed and uniform information of their cryptocurrencies on various exchanges.
With the help of Caspian, these brokerage firms can have a detailed information of all trading activities carried out by their traders. This can help them follow up on the traders, to make sure that the right thing is being done.
Bright owns a brokerage firm that employs 20 brokers. These brokers are usually assigned to individuals and institutions to help them with their trading activities. Bright is skeptical about entering the crypto trading because the integrity of his firm is more important than making profit.
Since there is no platform that can give him a detailed information of the trading activities carried out by his traders, he chose not to go into that market, so that the integrity of the firm will be intact.
One of his brokers hears about Caspian and introduces bright to it. Bright is amazed at the possibilities of the platform, and immediately puts it into practice. He will now be able to adequately monitor the activities of his brokers, and hence keep the integrity of his firm intact.
The Caspian token
The Caspian token (CSP) is the token upon which the Caspian platform will function. The aim of the token is to encourage and foster participation on the platform, encouraging both investors and developers to contribute to the development of the Caspian ecosystem.
The token is to serve as an incentive to motivate and foster development activities on the part of developers, and intense participation on the part of investors.
Several discounting systems have been formed around the token, such that dedicated participants of the Caspian system experience various form of discounts on the Caspian fee, encouraging them to further contribute to the advancement and progress of the Caspian ecosystem.
The team
The Caspian team is made up of experts who are highly experienced in the fields of finance and technology. You can’t expect anything lesser than the best when companies like Tora and Kinetic – giants in their own fields, come together to create a team of intellectuals.
Advisors
The sky will be your starting point when you have highly knowledgeable and vastly experienced professionals as your advisors. This is what Caspian has – a team of advisors with many years of experience in the crypto and blockchain industry.
Road map
Only a company that know where it began from, can know where it is going. Below is a road map of the Caspian, showing where they have been, where they currently are, and where they are going.
Summary
The current cryptocurrency trading market place has some challenges that have hindered the entrance of individuals and large institutions into the cryptocurrency space. Caspian is coming into the market to provide solutions to these challenges, in addition to numerous products, services and discount programs that would make the trading experience of investors one to never forget.
With Caspian, the crypto trader is made to worry about nothing but the only thing that he is meant to focus on – Trading.
My video on Caspian
NOTE : All images not referenced directly were gotten from www.google.com (google images)
If you need any clarification on any issue with regards to Caspian, just drop your questions in the comment section, and I will promptly attend to it.
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