About IDAP

IDAP is introducing diversified trading and investment instruments with an institutional grade exchange platform, complete with advanced trading tools, dedicated 24/7 customer support and top-level security. Borrowing from the merits of legacy trading systems and coupling them with all the possibilities lent by the crypto trading environment, we are not merely disrupting the ecosystem of exchanges, but also creating a new way to approach crypto trading and investment.

Unlike most of the current exchange teams that majorly comprise of techies with limited exposure to financial markets, the IDAP team and advisors have diverse exposure, comprising of highly successful traders, technocrats, and successful entrepreneurs. IDAP team possesses hands-on experience of trading with global exchanges, market analysis, operating & managing successful enterprises, and customer service & support.

The IDAP ecosystem is going to be the comprehensive solution for traders. Harnessing all the advantages of the traditional trading market and distilling them to suit the cryptocurrency landscape, the IDAP ecosystem will offer a boost to the crypto market in the right direction. IDAP platform will redefine how exchanges operate and by attracting more traders via our various product offerings, IDAP will expand the pool of participants fostering greater market liquidity and thereby contributing to its overall growth.

Basic Information

Token Distribution

75% Public Sale 15% Team 5% Employee Pool 5% Advisors 5% Liquidity

OTC Trading

IDAP will provide a user-friendly interface allowing easy Over-the-Counter (OTC) access to crypto market trading for investors. Customers will be able to avail this feature by connecting with our OTC desk to proceed further with their trade.

P2P Lending

IDAP will provide the feature of a lending platform within its ecosystem, where passive investors can lend their balances to others in need. In other words, it will act as a peer-to-peer (P2P) loan disbursing platform to connect lenders and borrowers. The daily lending rate will be determined by the market and lending will be done in major fiat and cryptocurrencies.

Exchange Trade Funds

An Exchange Traded Fund (ETF) is a low cost, diversified investment vehicle that allows investors to lower risks and maximize profit potential. Bear in mind that this product is subject to license procurement by the platform. IDAP plans to offer the following ETFs in the first phase

Features

Desktop Applications

IDAP will provide its customers, the trader-friendly ‘Desktop App’ with custom features for a seamless trading experience. In conjunction with our flagship trading tool, the Desktop App, customers will also have access to our exchange via the in-browser trading app as well as the mobile app. The full features list of IDAP Desktop App includes:

Order entry form supporting Market, Limit, Stop-Loss, Stop-Limit, Iceberg, trailing stops, OCO, bracket and various other conditional orders.

Real-time market data charts supported by generic and advanced technical indicators and analysis.

Account and position monitoring, order book, trade history, fill book etc.

The custom arrangement of market data, order and trade history, positions, charts and technical tools, other data items and color schematics.

Ladder

For the assistance of intraday and professional traders, IDAP is introducing ladder trading to crypto market. Being one of the key features of this crypto trade & exchange platform, the IDAP Ladder will enable the traders to view price action, best bid and offer, last trades’ price and quantity, total traded volume at each price, high and low market points of the day, depth of market orders and various other critical data related to trading. The IDAP ladder will allow the traders to submit, modify and cancel orders with one click (Power of Point-and-Click Trading). The IDAP ladder will also help in visualizing the relative position of correlated products, neatly displaying this data in the user dashboard.

Matrix

The IDAP Matrix will serve as a crucial trading tool. With the IDAP Matrix, traders will be able to view market data for all contract expirations of an asset as well as market data for exchange-quoted spreads for the underlying asset, all in one window. Traders will have the ease to trade, place, modify and cancel orders directly through the IDAP Matrix.

Spreader

The IDAP Spreader will allow traders to create, manage and execute synthetic spreads based on futures contract available on the IDAP exchange. Synthetic spreads are Intermarket spreads, whose prices are not quoted on the exchange itself but have to be calculated based on the underlying contracts listed on the exchange. For example, a user can create synthetic spreads of Bitcoin (BTC) and Ethereum (ETH) through the exchange quoted spreads of BTC and ETH. This is another distinguishing feature that is unique to IDAP exchange ecosystem.

Simulator

Another key feature by IDAP to disrupt the crypto trading domain is the IDAP Simulator. The idea is to introduce a ‘Trading Simulator’ crafted especially for crypto trading. The only difference will be that the user will get a real-life experience of the crypto assets market without using ‘real funds.’ IDAP hopes to create a band of enthusiasts and amateur traders that can benefit from IDAP simulator and step into the real market, once they are ready.

The IDAP Simulator is ideal for those who are new to futures trading and wish to familiarise themselves with market action and trading without risking real cryptocurrency. Currently, no other crypto exchange platform is offering such a feature to enable learning for trading beginners. IDAP Simulator will replicate real-time market data and trading conditions to help users understand the market dynamics, general market behavior and how to manage trade and associated risks. This is yet another USP of our platform for facilitating education and learning for traders, enabling them to gain virtual experience in the crypto asset trading.

Exchange Features

IDAP Institutional Grade Matching Engine

The matching engine supports Direct Market Access (DMA), Central Limit Order Book (CLOB), Request for Quote (RFQ), Implied Orders functionality for futures market, fast price-time priority and pro-rata Orders Matching Algorithm, industry standard FIX-based interfaces for order management, advanced conditional orders like OCO (One-Cancels-the others), Brackets, icebergs orders and more. IDAP matching engine is a blazingly fast and highly scalable order matching server with the throughput of more than 1 million transactions per second equipped with advanced risk controls.

SOR And TOMS

Increasing the number of various cryptocurrency exchanges leads to liquidity fragmentation. To tackle the issue of thin liquidity and even benefit from such a situation, IDAP will implement Smart Order Routing to choose the best prices and order distribution to manage liquidity. Smart Order Routing will be performed by IDAP’s Smart Order Routers, a system designed to analyze the order books of other exchanges and perform best possible order placement. SOR will optimize execution of trades by using advanced routing rules and algorithms when directing orders to various parties including exchange, users, and ECNs. IDAP Trade Order Management system (TOMS) will provide a high-end order management via FIX interfaces and will also make the order history database accessible

Security Measures

IDAP has identified and reviewed the industry best practices in terms of security measures and designed our platform to include top-level security features to safeguard both the client’s funds and trading operations from hostile penetration attempts. Some of the key security features include:

Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS)

Third-party security auditing for Level 1 CCSS certified platform

Insurance of online/hot wallets

Up to 3-Factor Authentication

Multi-Firewall Protection

DDoS prevention

OWASP Top 10 Compliant

Extended Validation SSL Certificate

Customer Support

Despite the boom in cryptocurrencies and enthusiasm amongst people over the past few years, crypto exchanges have been constantly reported to deliver a poor customer service. For instance, many of them fail to address general trade issues over the phone simply because there is a lack of manpower or knowledgeable employees. Moreover, during a technical malfunction, crypto exchanges suspend new account registration and fail to timely alert their customers. Eventually, they are unable to address all the inbound queries from the traders using their platform. There is a strong need for excellent customer support delivery. Therefore, IDAP has a strong focus on delivering a strong customer support 24/7. Some of the features of IDAP’s customer support plan are:

Customer usability product design

Customer feedback has driven product improvement

Multiple platform support

Detailed FAQ section and Tutorials

24/7 customer desk

Team

Member Awanish Rajan – Co-Founder & CEO Atish Katyal, CFA – Co-Founder & CFO Murali Thakur – Co-Founder & CTO Anupam Agarwal – Co-Founder & COO Mukund Thakur – Tech Lead Ritika Chaturvedi – Operations Manager

[su_quote]This article is writing on 24 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- 918077121282.[su_quote]

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