BLANTERWISDOM101

Digital Ticks ICO - World's First Cryptocurrency:Commodity Exchange

Monday, June 11, 2018

In a time such as 2018, where exchanges centralized and decentralized are about as common as different types of cryptocurrencies themselves, why should I care anything about yet another one? The answer is simple, Digital Ticks provides something new and exciting that hasn’t been done before. In this article, we will get into some of the features specific to the Digital Ticks Exchange itself, but the one that stands out the most is Commodity / Crypto trading.

“DTX plans to cater to all types of crypto assets as well as a commodity to crypto assets.”- DT Whitepaper

I personally think this is a smart move since usually people who dabble in commodities like gold and silver usually hedge their positions against failing fiat currencies, and a percentage of these people would also look to hedge their gold and silver with some crypto added to their portfolio. Let's move on to some more about the exchange and the features it will have, since its certainly not just about commodities that could set this exchange apart. 

Features and what they mean:

  • Crypto - Crypto Currency Pair - This one's pretty straightforward, it will offer what typical crypto exchanges offer, which is crypto to crypto pairings: nothing to see here. 
  • Commodity - Crypto Pair  - Probably the difference maker for the exchange.   Will Support BTC,  ETH,  LTC,  NEO, DTX,  Gold, and  Silver right away.  It doesn't really describe in the white paper what will be involved with trading commodities specifically which would have been a nice inclusion, but  I'm sure specifics will become more clear moving closer to beta.
  • Spot Trading  - Only trading cryptocurrency, I actually had to look this up, since this isn't a common term for me.  "A spot trade is the purchase or sale of a foreign currency, financial instrument or commodity for immediate delivery. Most spot contracts include physical delivery of the currency, commodity or instrument; the difference in price of a future or forward contract versus a spot contract takes into account the time value of the payment, based on interest rates and time to maturity"  - Investopedia.com  This might be an answer to how the Commodity-Crypto pair works from above. This will be updated once I confirm or deny this information. 
  • Futures  -  Futures prices are an agreement between a buyer and a seller to exchange goods at a future date.  In Crypto, this can be for any future price of a token or things such as forks that aren't even in existence yet until a future block is mined.  Futures trading is used quite often by Wall Street Hedge fund managers and will bring a different type of liquidity as compared to everyday crypto or gold traders.

Security specific Features



  • Decentralized On-Chain Exchange - Blockchain verification for data, security, etc.  This one is a no-brainer. 
  • Cold Storage -  "Cold storage in the context of Bitcoin refers to keeping a reserve of Bitcoins offline. This is often a necessary security precaution, especially dealing with large amounts of Bitcoin. " -Digital Ticks Whitepaper  This is really cool, and something I would want to see with all exchanges going forward.   It's just the smart thing to do, even if at times it leads to an hour or two of not having access to funds.   Security of funds is such a big issue because most people leave far too great amounts on an exchange where it is at risk or end up trying to manage their wallet themselves without a cold wallet and end up being at more risk.  This may be a perfect solution that will protect *most* funds from a large-scale attack. 
  • Multi-sig wallet, 2FA Authentication, DDoS protection - all pretty standard features of larger exchanges in 2018, but it's nice to see they will be there out of the box.

Trading specific features - 

  • One Million TPS -  You read that right, one million transactions per second will be possible with this project.  Really cool considering their roadmap is predicting over 1000 trading pairs  (wow, wouldn't that be cool? lol)  One of my biggest gripes with some of the larger cryptocurrency exchanges is just the general lag during bull runs because the hardware simply cannot handle the volume.  I've lost quite a lot of money because of crashes over the years due to not being able to place an order or sell an order at an inoppurtune time, so the speed is pretty important feature for me. 
  • Single Click Portfolio View - Simple as it sounds, a detailed view of your portfolio with a single click.  It says in the description that multiple instruments will be included (futures) so maybe it will give a breakdown of what is a coin you own, what is a future you own, and when will the deal actualize.  I would like to see multiple breakdowns of BTC/USD at the click of one button and would like to see a feature like time machine trades (how this trade is doing vs just staying in BTC or ETH in the past.  Another nice opportunity here would be to show past charts for specific tokens or past commodity charts with historical pricing since before the exchange went live.
  •  OCO (One cancels the other) Order - "Trader can place a square off order as well as the stop loss order simultaneously on the exchange and as soon as either of the order gets hit another order would automatically get cancelled, thereby provide trader with an ease of doing trading. " -Digital Ticks Whitepaper  This feature is something I wish all exchanges had.  Square off orders are typically a day trader stock market term that basically means buy a certain amount of shares and then later that day sell the shares automatically in hopes of gaining a profit.  Not sure how this works with a market that never closes, but maybe its just a philosophy of a day trade by a specific amount of open time left up to the trader.  Still though it basically just sounds like a stop limit as a stop loss and a stop limit desirable price can be set simultaneously with the same stack.  This would be quite useful, so you don't have to rely on things like trailing stops so heavily. 
  • Hot keys! - So this one really excites me.  As a big time gamer and film editor, I would love to bring the power of hotkeys to my trading.  Certain tasks are just way too many key presses or mouse movements, and I think this is a huge opportunity to set a new standard here.  It doesn't really state whether the hotkeys will just represent one step tasks or record-able macros, but I think this would be  brilliant if it allowed this level of customization.  Still even basic hotkeys is a huge step forward when you're potentially doing similar tasks thousands of times a month. 

Roadmap:


One thing I'm really happy about looking at this roadmap is it seems precise and realistic.  One of my biggest pet peeves about many ICO projects is the roadmap will extend sometimes as long as 10-15 years in the future.   It's very clear within the very first dates, the token can see price action.   I want to know when investing (well to some degree gambling) in an ICO that it won't take 2 years to get listed on exchanges or over a year to have a working product, because quite simply every day holding tokens is a day you aren't making money somewhere else.  With Digital Ticks, I can see exactly what I'm getting into and when I can start to expect returns. 


Token Sale: 

  • Token Name:  DTX
  • Type: ERC–20 (Ethereum Blockchain)
  • Purchase Method: BTC/ETH/Wire Transfer
  • Token Type: Utility
  • Pre – Token Sale Period: 25.03.2018 – 14.04.2018
  • Pre – Token Sale Price: DTX = 0.30 USD
  • Public Sale Period: 15.04.2018 – 15.05.2018
  • Public Sale Token Price: DTX = 0.375 USD - 0.700 USD
  • Soft Cap:  USD $5.7 Million
  • Hard Cap: USD $30 Million
  • *Unsold Tokens will be burned after Token sale ends 

Token Allocation:

  • TOKEN SALE 50% 64,000,000 
  • FOUNDING TEAM 20% 25,600,000 
  • RESERVES 10% 12,800,000 
  • REFERRAL 10% 12,800,000 
  • ADVISOR 8% 10,240,000 
  • BOUNTY PROGRAM 2% 2,560,000 
  • Max Supply of Coins: 128,000,000 

Final Thoughts:

Digital Ticks seems like a promising project.  Even though exchange utility tokens seem like a dime a dozen in 2018, this exchange is trying to re-invent what an exchange can be. With new features and the ability to support Commodities, the exchange, even though being niche, could open up trading to a group of people who have not participated in crypto before.  Some of the game-changing features for me with this exchange
  •     Hotkeys (yes!)
  •     One Cancels the other orders
  •     Support 1 million transactions per second.
My concerns with this project would be not having any examples of the layout (I know this is nitpicking to a certain degree but hopefully they add some screenshots and videos showing functionality before even a beta of the project is released).   Another concern of mine is cleaning up the whitepaper and one pager.  There are some obvious grammar and spelling mistakes that need to be cleaned up.  I'm still very bullish on this project however.  Utility exchange tokens have done historically well, and the roadmap seems clear and achievable which will bring profits sooner than later. I think this one will have great returns if it follows through with the dev's vision.   


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