Accord ERC20 Token: adding value to the crypto ecosystem.

Accord is a new digital currency on Ethereum blockchain, regulated by the ERC20 smart contract, intended to use as primary currency on Accord hedging platform (AHP). AHP is aimed to mitigate the risk available on digital currencies, by applying existing tools of financial market and to provide the maximum trade profits on digital currency with controlled risk by providing traders with Hedging Options.

Introduction

Blockchains have been revolutionary since the inception, allowing anyone to own and transfer assets in an open network without trusted third parties interference. Blockchain has a massive influence across many domains, particularly in the finance sector. It is strongly believed that tokenization offers many solutions across these domains. Asset tokenization can reduce cost, and globalize the asset and increase the liquidation thereof. Individuals are using digital assets just not for the medium of exchange but also for the store of value as money and other stocks, need to control the risk available in the digital assets have been raised for the market which worth more than USD 650 billion .

Now there are hundreds of blockchain based assets, and each of these assets have certain degree of volatility and risk factor. This risk factor in the absence of regulatory bodies and purely individual involvement becomes huge, same as in the case of digital assets. But the risk available in the market can be reduced to a minimal value with certain tools and techniques. Hedging is an important technique to mitigate risk in the financial market for a few key reasons: Hedging can save your position in sharp price decline which happens often in the digital currency markets , Hedging technique allows individual to open long term cost effective position in the market with the help of forward contracts.

Accord is a new digital currency on Ethereum blockchain, regulated by the ERC20 smart contract, intended to use as primary currency on Accord hedging platform (AHP). AHP is aimed to mitigate the risk available on digital currencies, and to provide the maximum trade profits with controlled risk by providing

The Accord Cryptocurrency

Purpose and characterization

Accord Organization is introducing an open source crypto token, named Accord, which is envisioned for use in Accord Hedging Platform (AHP). Accord will be the unit of account for all economic transactions within the AHP. In character, Accord is a pure cryptocurrency of fixed supply. However, as described below, only a portion of the Accord (ARD) supply will become liquid in the crowd sale, as rest of the ARD supply is reserved for the Accord organization and incentive distribution. Like other cryptocurrencies, units of ARD are fungible and transferable, and they will be expected to trade on well reputed cryptocurrency exchanges.

Implementation: Ethereum and ERC20

Accord will be implemented on the public Ethereum blockchain as an ERC20 token. The Ethereum blockchain is currently the industry standard for issuing custom digital assets and smart contracts. The ERC20 token interface allows for the deployment of a standard token that is compatible with the existing infrastructure of the Ethereum ecosystem, such as development tools, wallets, and exchanges. Ethereum’s ability to deploy Turing-complete trustless smart contracts enables complex issuance rules for cryptocurrencies, digital financial contracts, and automated incentive structures. These advanced features and active ecosystem make Ethereum a natural fit for Accord.

Accord’s Vision

The first step is to create a new cryptocurrency: Accord (ARD) a primary currency for Accord Hedging Platform (AHP). The word “Accord” is conveying a meaning “To grant someone a power”. For a cryptocurrency to be viable it must also be useful and valuable, to fulfill that purpose initially we have announced an innovative platform for crypto currency day trading. AHP is giving cryptocurrency traders a power to minimize trade risk in long term and short term trades.

For more details we recomend to read our white paper

https://accordtoken.com/Accord-white-paper-V1.0.3.pdf