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Trade.io Announces Deal with FXPRIMUS
Trade.io, a blockchain-enabled finance platform, is announcing that a leading forex broker will be officially accepting its native token, TIO, as a payment method. This is huge for the community surrounding the project as it gives them access to over 120 tradable Instruments.
The broker, FXPRIMUS, will offer Instruments such as forex pairs, commodities, stocks and indices that will significantly increase the utility of the token for token holders. Indeed, the acceptance of TIO will surely act as an added value service by helping to bridge the gap between traditional finance and crypto in general.
CEO of trade.io Jim Preissler commented on the deal with FXPRIMUS, explaining the impact it will have on the TIO community :
“One of our many initiatives is to continue to bring utility to TIO. By offering it as a method of deposit to such an industry leader as FXPRIMUS, will allow TIO Holders to experience the excitement of FX & CFD trading. This development also has the potential to significantly increase the size of the TIO community, as we’re exposing TIO to an entirely different asset class.”
This move doesn’t just benefit the loyal TIO holders as it will also act as an entry point to cryptocurrencies to the traditional investor trading on FXPRIMUS. These benefits were clear to the trading community who put pressure on the broker to accept the TIO token in the first place.
It is part of TIO’s nature to allow for frictionless trading given that it is a cryptocurrency fueled by blockchain tech. Thus, it will necessarily allow for relatively cheap transaction fees and instant payment settlements — acting as an automatic clearing house.
Announcement follows Integration of BTV DApp
This announcement follows successful integration of trade.io’s BTV DApp (Blockchain Trade Verifier) to FXPRIMUS in January of this year.
This particular feature of Trade.io allows users to verify every transaction executed on a broker trading platform via a blockchain. In simple terms, BTV offers a method for clients to ensure the data being displayed by your broker has not been tampered with and is 100% transparent.
Thus, it is a solution to asymmetric information that gives users an improved ability to keep their broker platforms accountable and keep a close eye on prices and price discovery.
Furthermore, BTV has a user-friendly interface that helps people to quickly assess their trades and delve into the nitty gritty details of each one ever performed. This obviously improves the current situation as this degree of transparency is unprecedented among Forex brokers.
Trade.io is a financial institution fueled by blockchain technology that uses its native token, TOI, to pay for services on the network. Along with TIO, it also offers an exchange platform, the Trade.io Exchange — which is the startup’s flagship product.
Additionally, it also offers other services such as token sale consulting services and an angel investment program, with the former being highly demanded according to the startup’s official press release.
Furthermore, Trade.io successfully completed its token sale in January 2018 and raised over 31 million USD from loyal participants and community members who want greater transparency in the financial markets.
Visit the Website: https://trade.io/
Chat on Telegram: https://t.me/TradeToken
Connect on Twitter: https://twitter.com/tradetoken?lang=en
Connect on Facebook: https://www.facebook.com/trade.io/?_rdc=2&_rdr
Meet the team: https://www.linkedin.com/company/trade-io/